BLP-2LASSO for aggregate discrete choice models with rich covariates

BLP-Lasso for Aggregate Discrete Choice Models of Elections with Rich Demographic Covariates∗

Economists often study consumers’ aggregate behavior across markets choosing from a menu of differentiated products. In this analysis, local demographic characteristics can serve as controls for market-specific heterogeneity in product preferences. Given rich demographic data, implementing these models requires specifying which variables to include in the analysis, an ad hoc process typically g...

BLP-Lasso for Aggregate Discrete Choice Models Applied to Elections with Rich Demographic Covariates∗

Economists often study consumers’ aggregate behavior across markets choosing from a menu of differentiated products. In this analysis, local demographic characteristics can serve as controls for market-specific heterogeneity in product preferences. Given rich demographic data, implementing these models requires specifying which variables to include in the analysis, an ad hoc process typically g...

A CCP Estimator for Dynamic Discrete Choice Models with Aggregate Data

We present a new methodology to estimate dynamic discrete choice models with aggregate data; the estimation allows for a multi-dimensional state space, but still retains signi cant computational bene ts. We speci cally build upon the literature pertaining to the dynamic single-agent models with conditional choice probabilities by including both observed and unobserved population state variables...

Data Models for Discrete Choice

Direct Semiparametric Estimation of Single-index Models with Discrete Covariates

Ha .. rdle and Stoker (1989), Powell, et al. (1989), and Stoker (1991) have developed average derivative estimators of the parameter in the singleindex model E(Y X=x) = G(x ), where G is an unknown function and X is a random vector. These estimators are non-iterative and, therefore, easy to compute. However, they require X to be continuously distributed, which precludes their use in many applic...