Efficient Estimation of Random Coefficients Demand Models ...
We propose a mixed-data likelihood estimator (MDLE) for a mixed logit demand system which makes use of product-level and consumer-level data while allowing for price endogeneity. The estimator is efficient compared to the GMM approach commonly used by applied researchers (e.g. Petrin, 2002; Berry, Levinsohn and Pakes, 2004). We ................
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