Limit Theorems for Estimating the Parameters of Differentiated Product Demand Systems

By Steven T. Berry, Oliver B. Linton, Ariel Pakes. 2004

209 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing

View Paper: https://www.semanticscholar.org/paper/c632e76aec4c0f53c136a98cbbc6b9fbf27e0b7b

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Citations in the corpus

Admission, Tuition, and Financial Aid Policies in the Market for Higher Education (2006, background): “See for example Berry, Linton, and Pakes (2002).”
Econometric Tools for Analyzing Market Outcomes (2007, background): “(11) Formal conditions for the consistency and asymptotic normality of this estimator are given in Berry, Linton, and Pakes (2004), and provided one accounts for simulation and sampling error in the estimate of the objective function, standard approximations to the limit distribution work (see, for…”
Best practices for differentiated products demand estimation with PyBLP (2020, methodology): “Other common modifications to the BLP model that are beyond the scope of this article include 4 the pure characteristics model of Berry and Pakes (2007) and the inclusion of micro moments, as in Petrin (2002) and Berry et al. (2004a).6”
High Performance Quadrature Rules: How Numerical Integration Affects a Popular Model of Product Differentiation (2011, methodology): “During our initial experiments we soon became concerned that the BLP model, despite some support for identification (Berry, Linton, and Pakes, 2004; Berry, 40We label the two versions of rule 11-1 as ‘Left’ or ‘Right’, according to whether we use the set of nodes and weights in the left or right…”
A Control Function Approach to Endogeneity in Consumer Choice Models (2010, background): “For example, the BLP approach is not consistent in settings where there are zero, one, or just a small number of purchase observations per product because it requires that market shares be observed with relatively little sampling error (see Berry, Linton, and Pakes (2004)).”
Estimation of Random-Coefficient Demand Models: Two Empiricists' Perspective (2014, unknown): “Inference is performed using results in Berry et al. (1995), with the asymptotics working as J → ∞; Berry et al. (2004) offer additional details.”
An Equilibrium Model of Sorting in an Urban Housing Market (2004, unknown): “In particular, we add an equilibrium concept to the empirically-flexible discrete choice framework developed by McFadden (1973, 1978) and extended in an important way by Berry et al. (1995). The specification permits a more flexible characterization of preferences than has been possible in the model”
Designing Ranking Systems for Hotels on Travel Search Engines by Mining User-Generated and Crowdsourced Content (2012, unknown): “In §5.2, we discuss our robustness tests using (1) the same model based on different samples using alternative levels of online review data and (2) a different model based on the same data sets.”
Estimation of random coefficients logit demand models with interactive fixed effects (2012, methodology): “Its validity is ensured by results (in Berry et al. (1995) showing that, for fixed α, these equations constitute a contraction mapping, and the nonlinear equation solver recovers the (unique) fixed point.”