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Autor:innen: 
Erscheinungsjahr: 
1996
Schriftenreihe/Nr.: 
Discussion Papers No. 167
Verlag: 
Statistics Norway, Research Department, Oslo
Zusammenfassung: 
In this paper we discuss statistical inference associated with the theoretical model developed in Part I. Specifically, we demonstrate how the relationship between the distribution of prices and unit values can be exploited to estimate some of the structural parameters. These estimates are essential for constructing price indexes that account for unobservable taste-shifters and quality/location attributes. Finally, the remaining structural parameters can be estimated from data on demand by inserting the price indexes into the corresponding demand system. Finally, we discuss the estimation procedure in the discrete case when consumers choose one unit of a variant at a time.
Schlagwörter: 
Price indexes
differentiated products
quasi-maximum likelihood
quality and location attributes.
JEL: 
C25
C43
D11
Dokumentart: 
Working Paper
Dokumentversion: 
Digitized Version

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