J Monardo - Available at SSRN 3921601, 2021 - papers.ssrn.com
Many empirical studies require estimating how consumers substitute across differentiated products. Examples can be found in a wide range of fields of economics, including …
A Iaria, A Wang - Available at SSRN 3946475, 2021 - papers.ssrn.com
Abstract We introduce a Generalized Nested Logit model of demand for bundles that can be estimated sequentially, eliminating the challenge of dimensionality due to large choice sets …
J Monardo - Available at SSRN, 2023 - papers.ssrn.com
To accommodate richer substitution patterns, researchers have specified, without much explanation, discrete choice models in which prices enter with product-dependent …
J Monardo - Available at SSRN 4681913, 2024 - papers.ssrn.com
Applied researchers commonly use discrete choice utility. In this paper, I use convex analysis, properties of homothetic functions, and ordinary first-order differential equations to …
J Monardo - Available at SSRN 3388972, 2019 - papers.ssrn.com
Measuring substitution patterns across differentiated products is at the heart of many empirical studies. Most of the approaches used in applied work, including the leading …
We develop a class of demand models for differentiated products based on the concept of entropy. The new models facilitate the BLP method (Berry et al., 1995) by avoiding …
The findings are consistent with some cases of my theoretical model. The implications of this study are that modeling distribution tier and uniform pricing by retailers may be important for …
We develop a class of demand models for differentiated products. The new models facilitate the BLP method (Berry et al., 1995) while numerical inversion of the demand system is not …