Automobile Prices in Market Equilibrium

By Steven T. Berry, J. Levinsohn, Ariel Pakes. 1995

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Citations in the corpus

Counterfactual inference for consumer choice across many product categories (2019, methodology): “Analysts have applied the discrete choice framework to a variety of different types of data sets, including aggregate, market-level data (see, e.g., Berry et al. (1995), Nevo (2001), and Petrin (2002)) 1 , as well as data from individual choices for a cross-section of individuals.”
Panel Data Discrete Choice Models of Consumer Demand (2013, methodology): “It has been studied extensively by Berry (1994), Berry et al (1995), Harris and Keane (1999), McFadden and Train (2000), Train (2003) and others.”
Quantifying the effects from horizontal mergers in European competition policy (2005, background): “see, e.g. Berry, Levinsohn and Pakes (1995) who include fuel efficiency.”
Estimating Demand for Mobile Applications in the New Economy (2014, methodology): “Similar to Berry et al. (1995), we assume each app developer chooses prices that maximize its profit given the characteristics of its apps and the prices and the characteristics of competing app developers.”
Indirect Costs of Financial Distress in Durable Goods Industries: The Case of Auto Manufacturers (2013, methodology): “For example, Berry, Levinsohn, and Pakes (1995) find, using 1990 data, an average markup of 23.9 percent, and Goldberg (1995) reports an average markup of 38 percent.”
An Empirical Model of Optimal Dynamic Product Launch and Exit Under Demand Uncertainty (2006, methodology): “We use the BLP approach (Berry et al. 1995), which is based on a GMM estimator.”
Five Facts about Prices: A Reevaluation of Menu Cost Models (2008, background): “Using this loss (31)Berry et al. (1995) and Nevo (2001) find that markups vary a great deal across firms. The value of θ we choose implies a markup similar to the mean markup estimated by Berry et al. (1995) but slightly below the median markup found by Nevo (2001).”
Nonparametric identification and estimation of random coefficients in multinomial choice models (2016, result): “and Train (2010) is an example of the control function approach and Berry, Levinsohn and Pakes (1995) is an example of the inversion approach. Fox and Gandhi (2011) show that our identification approach can be consistent with Bertrand-Nash equilibrium.”
NOT ALL RIVALS LOOK ALIKE: ESTIMATING AN EQUILIBRIUM MODEL OF THE RELEASE DATE TIMING GAME (2010, background): “See, among many others, Berry, Levinsohn, and Pakes (1995) and Nevo (2001). a precision parameter η.5 The vector of εiai ’s is assumed to be private information of player i.”
The Credibility Revolution in Empirical Economics: How Better Research Design is Taking the Con Out of Econometrics (2010, unknown): “…sometimes called the “new empirical industrial organization,” is an elaborate exercise consisting of three steps: The first estimates a demand system for the product in question, often using the discrete choice/differentiated products framework developed by Berry, Levinsohn, and Pakes (1995).”
Knowledge Seeking and Location Choice of Foreign Direct Investment in the United States (2002, unknown): “The RPL is a generalization of the traditional conditional logit that has been used recently by Berry et al. (1995), Revelt and Train (1998), and Villas-Boas and Winer (1999). The probability that firm i chooses location j from the set”
An Empirical Model of Advertising Dynamics (2005, unknown): “Endogeneity due to unobserved attributes has typically been approached in the literature using instrumental variable techniques (Berry et al., 1995).”
Modeling Customer Lifetime Value (2006, background): “There is considerable literature in the field of new empirical industrial organization (I/O) that deals with the issue of endogeneity (e.g., Berry, Levinsohn, and Pakes 1995).”
Information and Quality When Motivation is Intrinsic: Evidence from Surgeon Report Cards (2013, unknown): “…used in this analysis were obtained from the Pennsylvania Health Care Cost Containment Council (PHC4), which requests the following disclaimer: The Pennsylvania Health Care Cost Containment Council (PHC4) is an independent state agency responsible for addressing the problem of escalating health…”
Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market (1998, unknown): “This procedure eliminates any need for a search over d, and the contraction mapping in Berry et al. (1995) solves for Nd(b, s ; quite quickly.7) To implement this procedure, we need to compute the market shares predicted by our model for different values of v, that is, to integrate the probability…”
Handling Endogenous Regressors by Joint Estimation Using Copulas (2012, unknown): “The RCL model has been applied to aggregatelevel data by numerous researchers (e.g., Chintagunta 2001, Sudhir 2001) beginning with Berry et al. (1995).”
Estimating Dynamic Models of Imperfect Competition (2004, unknown): “Berry (1994), Berry, Levinsohn, and Pakes (1995) ), and unobserved productivity shocks in production functions (e.g.”
Are Poor Cities Cheap for Everyone? Non-Homotheticity and the Cost of Living Across U.S. Cities (2013, methodology): “I use the nested fixed-point algorithm proposed by Berry et al. (1995) to obtain the relative product quality parameters, { β̃mg } g∈Gm , as a function of the three non-linear parameters for each module, θNL1m = {α0m, α1m, γm}.”