Estimation of Random-Coefficient Demand Models: Two Empiricists' Perspective
We document the numerical challenges we experienced estimating random-coefficient demand models as in Berry, Levinsohn, and Pakes (1995) using two well-known data sets and a thorough optimization design. The optimization algorithms often converge at points where the first- and second-order optimalit...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
MIT Press,
2014-05-30T16:15:13Z.
|
| Subjects: | |
| Online Access: | Get fulltext |