The Logit as a Theoretical Model of Product Differentiation PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Logit as a Theoretical Model of Product Differentiation PDF full book. Access full book title The Logit as a Theoretical Model of Product Differentiation by Simon P. Anderson. Download full books in PDF and EPUB format.
Author: Simon P. Anderson
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
Get Book Here
Book Description
Author: Simon P. Anderson
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
Get Book Here
Book Description
Author: Simon P. ANDERSON
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
Get Book Here
Book Description
Author: Simon P. Anderson
Publisher: MIT Press
ISBN: 9780262011280
Category : Business & Economics
Languages : en
Pages : 454
Get Book Here
Book Description
"The discrete choice approach provides an ideal framework for describing the demands for differentiated products and can be used for studying most product differentiation models in the literature. By introducing extra dimensions of product heterogeneity, the framework also provides richer models of firm location and product selection."--BOOK JACKET.
Author: John Beath
Publisher: Cambridge University Press
ISBN: 9780521335522
Category : Business & Economics
Languages : en
Pages : 220
Get Book Here
Book Description
There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.
Author: Simon P. Anderson
Publisher:
ISBN:
Category :
Languages : en
Pages : 40
Get Book Here
Book Description
Author: Laura Grigolon
Publisher:
ISBN:
Category : Choice of transportation
Languages : en
Pages : 0
Get Book Here
Book Description
We start from an aggregate random coefficients nested logit (RCNL) model to provide a systematic comparison between the tractable logit and nested logit (NL) models with the computationally more complex random coefficients logit (RC) model. We first use simulated data to assess possible parameter biases when the true model is a RCNL model. We then use data on the automobile market to estimate the different models, and as an illustration assess what they imply for competition policy analysis. As expected, the simple logit model is rejected against the NL and RC model, but both of these models are in turn rejected against the more general RCNL model. While the NL and RC models result in quite different substitution patterns, they give robust policy conclusions on the predicted price effects from mergers. In contrast, the conclusions for market definition are not robust across different demand models. In general, our findings suggest that it is important to account for sources of market segmentation that are not captured by continuous characteristics in the RC model.
Author:
Publisher: Elsevier
ISBN: 0444637656
Category : Business & Economics
Languages : en
Pages : 632
Get Book Here
Book Description
Handbook of the Economics of Marketing, Volume One: Marketing and Economics mixes empirical work in industrial organization with quantitative marketing tools, presenting tactics that help researchers tackle problems with a balance of intuition and skepticism. It offers critical perspectives on theoretical work within economics, delivering a comprehensive, critical, up-to-date, and accessible review of the field that has always been missing. This literature summary of research at the intersection of economics and marketing is written by, and for, economists, and the book's authors share a belief in analytical and integrated approaches to marketing, emphasizing data-driven, result-oriented, pragmatic strategies. Helps academic and non-academic economists understand recent, rapid changes in the economics of marketing Designed for economists already convinced of the benefits of applying economics tools to marketing Written for those who wish to become quickly acquainted with the integration of marketing and economics
Author: Frank M. Howell
Publisher: Springer
ISBN: 3319228102
Category : Social Science
Languages : en
Pages : 375
Get Book Here
Book Description
With a unique focus on middle-range theory, this book details the application of spatial analysis to demographic research as a way of integrating and better understanding the different transitional components of the overall demographic transition. This book first details key concepts and measures in modern spatial demography and shows how they can be applied to middle-range theory to better understand people, places, communities and relationships throughout the world. Next, it shows middle-range theory in practice, from using spatial data as a proxy for social science statistics to examining the effect of "fracking” in Pennsylvania on the formation of new coalitions among environmental advocacy organizations. The book also traces future developments and offers some potential solutions to promoting and facilitating instruction in spatial demography. This volume is an ideal resource for advanced undergraduate and graduate students enrolled in courses involving spatial analyses in the social sciences, from sociology and political science to economics and educational research. In addition, scholars and others interested in the role that geographic context plays in relation to their research will find this book a helpful guide in further developing their work.
Author: Jinghai Huo
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Since the seminal work by Berry-Levinsohn-Pakes (BLP), random coefficient logit (RCL) has become the workhorse model to estimate demand elasticities in markets with differentiated products using aggregated sales data. While the ability to represent flexible substitution patterns makes RCL a preferable model, its estimation is computationally challenging due to the numerical inversion of the demand function. Recently proposed inverse product differentiation logit (IPDL) claims to address these computational challenges by directly specifying the inverse demand function and representing flexible substitution patterns through non-hierarchical product segmentation in multiple dimensions. Unlike the two-stage simulation-based estimation of RCL, IPDL requires estimating a traditional linear instrumental variable regression model. In theory, IPDL appears to be an attractive alternative to RCL, but its potential has not yet been explored in empirical studies. We present the first application of IPDL in understanding the demand for passenger cars in China using province-level sales data. Our results indicate that demand elasticity estimates of IPDL and RCL are not statistically different, i.e., IPDL could capture substitution patterns similar to RCL. The estimation of IPDL takes less than a second on a regular computer (i.e., over 500 times faster than RCL). Overall, the flexibility and computational efficiency of IPDL could make it a workhorse model for demand estimation using market-level aggregated sales data.
Author: Teck-Hua Ho
Publisher: Springer Science & Business Media
ISBN: 1461555795
Category : Business & Economics
Languages : en
Pages : 247
Get Book Here
Book Description
Product proliferation has become a common phenomenon. Most companies now offer hundreds, if not thousands, of stock keeping units (SKUs) in order to compete in the market place. Companies with expanding product and service varieties face with problems of obtaining accurate demand forecasts, controlling production and inventory costs, and providing high quality and good delivery performance for the customers. Marketing managers often advocate widening product lines for increasing revenue and market share. However, the breadth of product line can also decrease the efficiency of manufacturing processes and distribution systems. Thus firms must weigh the benefits of product variety against its cost in order to determine the optimal level of product variety to offer to their customers. Academics and practitioners are interested in several fundamental questions about product variety. For instance, why do companies extend their product lines? Do consumers care about product variety? Will a brand with more variety enjoy higher market share? How should product variety be measured? How can a company exploit its product and process design to deliver a higher level of product variety quickly and cheaply? What should the level of product variety be and what should the price of each of the product variants be? What kind of 'challenges would a company face in offering a high level of product variety and how can these obstacles be overcome? The solutions to these questions span multiple functions and disciplines.
