A practitioner's guide to estimation of random-coefficients logit models of demand

Aviv Nevo*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

344 Scopus citations

Abstract

Estimation of demand is at the heart of many recent studies that examine questions of market power, mergers, innovation, and valuation of new brands in differentiated-products markets. This paper focuses on one of the main methods for estimating demand for differentiated products: random-coefficients logit models. The paper carefully discusses the latest innovations in these methods with the hope of increasing the understanding, and therefore the trust among researchers who have never used them, and reducing the difficulty of their use, thereby aiding in realizing their full potential.

Original languageEnglish (US)
Pages (from-to)513-548
Number of pages36
JournalJournal of Economics and Management Strategy
Volume9
Issue number4
DOIs
StatePublished - Jan 1 2000

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics and Econometrics
  • Strategy and Management
  • Management of Technology and Innovation

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