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