Distance, Demand And Oligopoly Pricing
We demonstrate how to estimate a model of product demand and oligopoly pricing when products are multi-dimensionally differentiated. We provide an empirical counterpart to recent theoretical work on product differentiation. Using specifications informed by economic theory, we simultaneously estimate a demand system and price-cost margins for products differentiated in many dimensions.
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"A Representative Consumer Theory of the Logit Model,"
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- ANDERSON, Simon & de PALMA, André & THISSE, Jacques-François, . "A representative consumer theory of the logit model," CORE Discussion Papers RP -805, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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