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econ.EM2021
Maximum Likelihood Estimation of Differentiated Products Demand Systems
Greg Lewis, Bora Ozaltun, Georgios Zervas
We discuss estimation of the differentiated products demand system of Berry et al (1995) (BLP) by maximum likelihood estimation (MLE). We derive the maximum likelihood estimator in…
econ.EM2021★ 2 cited
Estimating the Long-Term Effects of Novel Treatments
Keith Battocchi, Eleanor Dillon, Maggie Hei +3
Policy makers typically face the problem of wanting to estimate the long-term effects of novel treatments, while only having historical data of older treatment options. We assume a…