English, Article, Journal or magazine article edition: Coverage of Retail Stores and Discrete Choice Models of Demand: Estimating Price Elasticities and Welfare Effects Franco Mariuzzo; Patrick Paul Walsh; Ciara Whelan

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/31855
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Coverage of Retail Stores and Discrete Choice Models of Demand: Estimating Price Elasticities and Welfare Effects
Author
  • Franco Mariuzzo
  • Patrick Paul Walsh
  • Ciara Whelan
Physical Description
  • preprint
Notes
  • Since retail stores tend to host a subset of products available in the market, Ackerberg and Rysman (2005) allow logit errors to represent idiosyncratic unobserved consumer preferences over retail stores and products. Having product level data on store coverage we are able to estimate their logit, nested logit and random coefficients logit models of product demand jointly with cost, in a structural model of equilibrium, for Carbonated Soft Drink products. As Ackerberg and Rysman’ (2005) Monte Carlo study suggests; using standard logit errors does lead to predictable biases in estimated price elasticities and welfare. A counterfactual that imposes full coverage of stores by products, in our structural equilibrium, increases the estimated price elasticities and welfare. Competition in markets is more curtailed than assumed when one works with standard logit errors.
  • Carbonated Soft Drinks, Differentiated products, discrete choice, Store coverage, structural model, price elasticities, welfare.
  • RePEc:ucd:wpaper:200922
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment