summary demand models
Post on 21-Jun-2015
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DEMAND MODELS
Demand Models for Market Level Data.¤by: Peter Davis y
MIT Sloan“Previous Literatures and some Notation I
consider a class of random utility models wherein consumers are endowed with preferences and solve a utility maximization problem subject to a budget constraint.”
Sample #1
The Pure Characteristics Demand ModelSteven BerryDept. of Economics, Yale Univ. & NBER
withAriel PakesDept. of Economics, Harvard Univ.& NBER
Sample #2
“In this paper we consider a class of discrete choice models in which consumerscare about a finite set of product characteristics. These models have been used extensively in the theoretical literature on product differentiation and the goal of this paper is to translate them into a form that is useful for empirical work.”
Demand models – the statistical analyses that illustrate the complex relationships among product characteristics, product sales, prices, and consumer preferences – are essential components of an antitrust defense.
Professor James Levinsohn
Here, Analysis Group affiliate Professor James Levinsohn, an antitrust and industrial organization expert and co-developer of the Berry–Levinsohn–Pakes (BLP) methodology for constructing demand models, discusses how best to present complex statistical models to triers of fact.
Demand Models in Antitrust Litigation
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