Aggregate demand models for differentiated products: computation, inference, and applications. KU Leuven
Our goal is to develop improved methods of estimation and inference for the BLP model, named after seminal work by Berry (1994) and Berry, Levinsohn, and Pakes (1995). The BLP model is the standard framework for the analysis of demand and supply for differentiated products in oligopolistic markets. It has become a key analytical tool in industrial organization and many other fields in economics. The demand side of the model is an aggregate ...