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Foundations of Demand Estimation / Steven T. Berry, Philip A. Haile.
- Format:
- Book
- Author/Creator:
- Berry, Steven T.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29305.
- NBER working paper series no. w29305
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- Demand elasticities and other features of demand are critical determinants of the answers to most positive and normative questions about market power or the functioning of markets in practice. As a result, reliable demand estimation is an essential input to many types of research in Industrial Organization and other fields of economics. This chapter presents a discussion of some foundational issues in demand estimation. We focus on the distinctive challenges of demand estimation and strategies one can use to overcome them. We cover core models, alternative data settings, common estimation approaches, the role and choice of instruments, and nonparametric identification.
- Notes:
- Print version record
- September 2021.
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