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Article . 2010 . Peer-reviewed
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Annual Review of Economics
Article . 2011 . Peer-reviewed
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EconStor
Research . 2010
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Empirical Models of Consumer Behavior

Authors: Aviv Nevo;

Empirical Models of Consumer Behavior

Abstract

Models of consumer behavior play a key role in modern empirical industrial organization. In this review, I survey some of the models used in this literature. In particular, I discuss two commonly used demand systems: multistage 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.

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Keywords

Marktstruktur, ddc:330, Industrial Organization, Almost Ideal Demand System, Discrete Choice, industrial organization, demand estimation, differentiated products, Almost Ideal Demand System, discrete choice, Demand Estimation, Diskrete Entscheidung, Nachfragesystem, Differentiated Products, Konsumentenverhalten, Industrieökonomik, Theorie, jel: jel:C51, jel: jel:C01, jel: jel:D12, jel: jel:L0, jel: jel:L10, jel: jel:C3

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    selected citations
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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    66
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
66
Top 10%
Top 10%
Top 10%
bronze