Year: 2010
Type: report
Abstract: Models of consumer behavior play a key role in modern empirical Industrial Organization.In this paper, I survey some of the models used in this literature.In particular, I discuss two commonly used demand systems: multi-stage budgeting approaches and discrete choice models.I motivate their use and highlight some key modeling assumptions.I next briefly discuss key issues of estimation, and conclude by summarizing some extensions.
DOI: 10.3386/w16511
Author: Aviv Nevo
Institutions: Northwestern University, National Bureau of Economic Research
Language: English
Subfield: Marketing
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2890628639