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

C.J. Romeo

Working Papers from U.S. Department of Justice - Antitrust Division

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.

Keywords: MARKET STRUCTURE; ENTERPRISES; SIMULATION; STATISTICS; ECONOMIC MODELS (search for similar items in EconPapers)
JEL-codes: L10 C11 C15 C33 (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:usjuat:00-6

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