Automobile Prices in Market Equilibrium Export

@article{citeulike:206078, abstract = {This paper develops techniques for empirically analyzing demand and supply in differentiated products markets and then applies these techniques to analyze equilibrium in the U.S. automobile industry. Our primary goal is to present a framework which enables one to obtain estimates of demand and cost parameters for a class of oligopolistic differentiated products markets. These estimates can be obtained using only widely available product-level and aggregate consumer-level data, and they are consistent with a structural model of equilibrium in an oligopolistic industry. When we apply the techniques developed here to the U.S. automobile market, we obtain cost and demand parameters for (essentially) all models marketed over a twenty year period.}, author = {Berry, Steven and Levinsohn, James and Pakes, Ariel}, citeulike-article-id = {206078}, citeulike-linkout-0 = {http://dx.doi.org/10.2307/2171802}, citeulike-linkout-1 = {http://www.jstor.org/stable/2171802}, doi = {10.2307/2171802}, issn = {00129682}, journal = {Econometrica}, keywords = {econometrics, valuation}, number = {4}, pages = {841--890}, posted-at = {2008-12-02 23:29:26}, priority = {2}, publisher = {The Econometric Society}, title = {Automobile Prices in Market Equilibrium}, url = {http://dx.doi.org/10.2307/2171802}, volume = {63}, year = {1995} }

TY - JOUR ID - citeulike:206078 L3 - citeulike-article-id:206078 N2 - This paper develops techniques for empirically analyzing demand and supply in differentiated products markets and then applies these techniques to analyze equilibrium in the U.S. automobile industry. Our primary goal is to present a framework which enables one to obtain estimates of demand and cost parameters for a class of oligopolistic differentiated products markets. These estimates can be obtained using only widely available product-level and aggregate consumer-level data, and they are consistent with a structural model of equilibrium in an oligopolistic industry. When we apply the techniques developed here to the U.S. automobile market, we obtain cost and demand parameters for (essentially) all models marketed over a twenty year period. IS - 4 JF - Econometrica SN - 00129682 EP - 890 TI - Automobile Prices in Market Equilibrium PB - The Econometric Society VL - 63 SP - 841 KW - econometrics KW - valuation AU - Berry, Steven AU - Levinsohn, James AU - Pakes, Ariel PY - 1995/// UR - http://dx.doi.org/10.2307/2171802 ER -