Arbeitspapier

Empirical models of consumer behavior

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.

Language
Englisch

Bibliographic citation
Series: CSIO Working Paper ; No. 0106

Classification
Wirtschaft
Subject
Industrial Organization
Demand Estimation
Differentiated Products
Almost Ideal Demand System
Discrete Choice
Industrieökonomik
Marktstruktur
Konsumentenverhalten
Diskrete Entscheidung
Nachfragesystem
Theorie

Event
Geistige Schöpfung
(who)
Nevo, Aviv
Event
Veröffentlichung
(who)
Northwestern University, Center for the Study of Industrial Organization (CSIO)
(where)
Evanston, IL
(when)
2010

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Nevo, Aviv
  • Northwestern University, Center for the Study of Industrial Organization (CSIO)

Time of origin

  • 2010

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