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Structural Econometric Modeling Rationales and Examples ...

Structural Econometric Modeling Rationales and Examples ...

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7.2.3. The stochastic model 4344 7.2.4. Results 4347 7.3. A product-level demand model 4348 7.3.1. The economic model in BLP 4349 7.3.2. The stochastic model 4350 7.4. More on the econometric assumptions 4353 7.4.1. Functional form assumptions for price 4353 7.4.2. Distribution of consumer heterogeneity 4355 7.4.3. Unobserved “product quality ...

  Model, Econometrics

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