The Berry-Levinsohn-Pakes estimator of the random-coefficients logit demand model

• Autores: David W. Vincent
• Localización: The Stata journal, ISSN 1536-867X, Vol. 15, Nº. 3, 2015, págs. 854-880
• Idioma: inglés
• DOI: 10.1177/1536867x1501500317
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• Resumen

  • In this article, I describe the algorithm proposed by Berry, Levinsohn, and Pakes (1995, Econometrica 63: 841–890) to fit the random-parameters logit demand model from product market shares. I present a new command, blp, for this estimator.