Full Citation
Title: An Empirical Study on Consumers' Purchasing Behavior with a Bayesian Simultaneous Demand and Supply Model for Market-Level Data in the U.S. Automobile Market
Citation Type: Journal Article
Publication Year: 2010
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Abstract: In this paper, we will show an example of using a Bayesian estimation method for a simultaneous demand and supply model for market-level data which was proposed by Yonetani et al. (2010). To show the example, we also use data from the U.S. automobile market. The method quantitatively investigates consumers’ preference in a differentiated product market. The method also has the following three features as the past research had (Berry, 1994; Berry, Levinsohn and Pakes, 1995 (henceforth, BLP, 1995); Sudhir, 2001; Petrin, 2002; Berry, Levinsohn and Pakes, 2004 (henceforth, BLP, 2004); Myojo, 2007; Romeo, 2007; Jiang et al., 2008; Musalem et al., 2009; Myojo and Kanazawa, 2010). First, the method does not require consumer-level purchase incidence data but market-level sales volume data. In some markets, researchers can access to the latter . . .
Url: https://repository.kulib.kyoto-u.ac.jp/dspace/bitstream/2433/170023/1/1703-06.pdf
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Authors: Yonetani, Yutaka; Kanazawa, Yuichiro; Myojo, Satoshi; Turnbulll, Stephen John
Periodical (Full): Mathematical Analysis Laboratory Record
Issue:
Volume: 1703
Pages: 91-111
Data Collections: IPUMS CPS
Topics: Labor Force and Occupational Structure, Other
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