Structural econometric modelling rationale and examples from IO.pdf

《Structural econometric modelling rationale and examples from IO.pdf》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、Chapter64STRUCTURALECONOMETRICMODELING:RATIONALESANDEXAMPLESFROMINDUSTRIALORGANIZATIONPETERC.REISSGraduateSchoolofBusiness,StanfordUniversity,Stanford,CA94305-5015,USAe-mail:preiss@optimum.stanford.eduFRANKA.WOLAKDepartmentofEconomics,StanfordUniversity,Stanford,CA94305-6072,USAe-mail:wola

2、k@zia.stanford.eduContentsAbstract4280Keywords42801.Introduction42812.Structuralmodelsdefined42823.Constructingstructuralmodels42853.1.Sourcesofstructure42853.2.Whyaddstructure?42883.3.Evaluatingstructure–singleequationmodels42903.4.Evaluatingstructure–simultaneousequationmodels42933.5.Ther

3、oleofnonexperimentaldatainstructuralmodeling43014.AframeworkforstructuraleconometricmodelsinIO43034.1.Theeconomicmodel43044.2.Thestochasticmodel43044.2.1.Unobservedheterogeneityandagentuncertainty43054.2.2.Optimizationerrors43084.2.3.Measurementerror43114.3.Stepstoestimation43124.4.Structu

4、ralmodelepilogue43145.Demandandcostfunctionestimationunderimperfectcompetition43155.1.Usingpriceandquantitydatatodiagnosecollusion43155.2.Theeconomicmodel43175.2.1.Environmentandprimitives4317HandbookofEconometrics,Volume6ACopyright©2007ElsevierB.V.AllrightsreservedDOI:10.1016/S1573-4412(0

5、7)06064-34278P.C.ReissandF.A.Wolak5.2.2.Behaviorandoptimization43185.2.3.Thestochasticmodel43205.3.Summary43246.Marketpowermodelsmoregenerally43256.1.Estimatingprice–costmargins43266.2.Identifyingandinterpretingprice–costmargins43296.3.Summary43337.Modelsofdifferentiatedproductcompetition4

6、3347.1.Neoclassicaldemandmodels43347.2.Micro-datamodels43407.2.1.Ahousehold-leveldemandmodel43427.2.2.Goldberg’seconomicmodel43427.2.3.Thestochasticmodel43447.2.4.Results43477.3.Aproduct-leveldemandmodel43487.3.1.TheeconomicmodelinBLP43497.3.2.Thestochasticmodel43507.4.Moreontheeconometric

7、assumptions43537.4.1.Functionalformassumptionsforprice43537.4.2.Distributionofconsumerheterogeneity43557.4.3.Unobserved“productquality”43577.4.4.Costfunctionspecifications43597.5.Summary43608.Gameswithincompleteinformation:Auctions43618.1.Auctionsoverview43618.