THE PURE CHARACTERISTICS DEMAND MODEL*
Abstract
In this article, we consider a class of discrete choice models in which consumers care about a finite set of product characteristics. These models have been used extensively in the theoretical literature on product differentiation and the goal of this article is to translate them into a form that is useful for empirical work. Most recent econometric applications of discrete choice models implicitly let the dimension of the characteristic space...
Paper Details
Title
THE PURE CHARACTERISTICS DEMAND MODEL*
Published Date
Nov 1, 2007
Volume
48
Issue
4
Pages
1193 - 1225
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