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A Gibbs Sampler for Mixed Logit Analysis of Differentiated Product Markets Using Aggregate Data

Author

Listed:
  • Romeo, C.J.

Abstract

In this paper we offer the Gibbs sampler as an alternative estimator to the the GMM procedure used by berry, Levinsohn, and Pakes (1995) (henceforth BLP) in their equilibrium differentiated product market analysis of the automobile industry.

Suggested Citation

  • Romeo, C.J., 2000. "A Gibbs Sampler for Mixed Logit Analysis of Differentiated Product Markets Using Aggregate Data," Papers 00-6, U.S. Department of Justice - Antitrust Division.
    • Handle: RePEc:fth:usjuat:00-6
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    More about this item

    Keywords

    MARKET STRUCTURE ; ENTERPRISES ; SIMULATION ; STATISTICS ; ECONOMIC MODELS;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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