
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.
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
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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