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The Stata Journal
Volume 15 Number 3: pp. 854-880

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The Berry–Levinsohn–Pakes estimator of the random-coefficients logit demand model

David W. Vincent
Deloitte Economic Consulting
London, UK
[email protected]
Abstract.  In this article, I describe the algorithm proposed by Berry, Levinsohn, and Pakes (1995, Econometrica 63: 841–890) to fit the random-parameters logit demand model from product market shares. I present a new command, blp, for this estimator.
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View all articles with these keywords: blp, logit model, elasticities, contraction mapping, GMM, random coefficients, optimal instruments

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