Estimation of Heterogeneous Preferences, with an Application to Demand for Internet Services

Article OPEN
Walter Beckert (2005)
  • Publisher: MIT Press
  • Journal: Review of Economics and Statistics, volume 87, issue 3 August, pages 495-502
  • Related identifiers: doi: 10.1162/0034653054638364
  • Subject: ems
    acm: GeneralLiterature_MISCELLANEOUS

This paper presents a structural econometric framework for discrete and continuous consumer choices in which unobserved intrapersonal and interpersonal preference heterogeneity is modeled explicitly. It outlines a simulation-assisted estimation methodology applicable in this framework. This methodology is illustrated in an application to analyze data from the U.C. Berkeley Internet Demand Experiment. © 2005 President and Fellows of Harvard College and the Massachusetts Institute of Technology.
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