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A note on the estimation of the PD-GEV models

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  • Tiziano Razzolini

Abstract

This note provides a formula to compute the value of the mean utilities as a function of market shares in Bresnahan et al.'s (1997) production differentiation models (PD-GEV) (1997). Such a formula avoids the time consuming contraction mapping procedure suggested by Berry et al. (1995).

Suggested Citation

  • Tiziano Razzolini, 2009. "A note on the estimation of the PD-GEV models," Applied Economics Letters, Taylor & Francis Journals, vol. 16(2), pages 193-197.
    • Handle: RePEc:taf:apeclt:v:16:y:2009:i:2:p:193-197
    DOI: 10.1080/13504850601018155
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    References listed on IDEAS

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    1. Pinelopi Koujianou Goldberg & Frank Verboven, 2001. "The Evolution of Price Dispersion in the European Car Market," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 68(4), pages 811-848.
    2. Steven T. Berry, 1994. "Estimating Discrete-Choice Models of Product Differentiation," RAND Journal of Economics, The RAND Corporation, vol. 25(2), pages 242-262, Summer.
    3. Jorge Tovar, 2004. "The Welfare Effects Of Trade Liberalization: Evidence From The Car Industry In Colombia," Documentos CEDE 3638, Universidad de los Andes, Facultad de Economía, CEDE.
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    1. Razzolini, Tiziano, 2013. "How much trustworthy and salubrious an organic jam should be? The impact of organic logo on the Italian jam market," Food Policy, Elsevier, vol. 43(C), pages 1-13.

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