Parallel inverse aggregate demand curves in discrete choice models

Panel Data Discrete Choice Models of Consumer Demand

1. Introduction This chapter deals with the vast literature on panel data discrete choice models of consumer demand. The reason this area is so active is that very high quality data is available. Firms like Nielsen and IRI have, for over 30 years, been collecting panel data on households' purchases of consumer goods. This is known as ―scanner data,‖ because it is collected by check-out machine ...

Random Utility-Based Discrete Choice Models for Travel Demand Analysis

Estimating Discrete Choice Models of Demand with Market Level Variation

In this paper we develop and apply a new empirical approach to estimating a widely used class of models of demand for differentiated products. Our approach is applicable to the often encountered situation where the researcher has data on a sample of markets (i.e., the “many markets” setting). Our focus on the “many markets” setting stands in contrast to the “many products” setting that was famo...

Heterotic Models of Aggregate Demand

A common theme in the theory of demand aggregation is that market demand can acquire properties which are not always individually present among the agents who make up that market, a phenomenon we call heterosis in this paper. This paper focusses on the well known result that with a suitable distribution of demand behavior (arising perhaps from the underlying distribution of preferences), market...

Improving the Numerical Performance of Static and Dynamic Aggregate Discrete Choice Random Coefficients Demand Estimation

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