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Title: Can Properties of the Random-Coefficient Model of Demand for Nondurable Consumer Goods in the Presence of National Micro Moments: A Simulation Study

Citation Type: Journal Article

Publication Year: 2016

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Abstract: In this paper, we implement Monte Carlo simulation to examine asymptotic properties of the estimator of random-coefficient logit models of demand for non-durable consumer goods under an equilibrium assumption in the presence of micro moments as the number of the examined regional markets increases. The national micro moments are manufactured from the joint distribution of demographic information of consumers choosing those products with certain discriminating attributes. We observe that adding an equilibrium assumption and the micro moments gives asymptotic normality with sharper asymptotic variance-covariance matrix, while correcting asymptotic bias reported in Freyberger (2015). We discuss possible reasons for such a phenomenon.

Url: https://repository.kulib.kyoto-u.ac.jp/dspace/bitstream/2433/224765/1/1999-12.pdf

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Authors: Kanazawa, Yuichiro; Nakayama, Kazuhiro; Takeshita, Keisuke

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Volume: 1999

Pages: 131-153

Data Collections: IPUMS USA, IPUMS CPS

Topics: Methodology and Data Collection, Other

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