A Nevo - 1998 - nber.org
The ready-to-eat cereal industry is characterized by high concentration margins, large
advertising to sales ratios, and numerous introductions of new products. Previous
researchers have concluded that the ready-to-eat cereal industry is a classic example of ...
A Nevo - Journal of Economics & Management Strategy, 2000 - Wiley Online Library
Estimation of demand is at the heart of many recent studies that examine questions of
market power, mergers, innovation, and valuation of new brands in differentiated-products
markets. This paper focuses on one of the main methods for estimating demand for ...
A Nevo - The RAND Journal of Economics, 2000 - JSTOR
Traditional merger analysis is difficult to implement when evaluating mergers in industries
with differentiated products. I discuss an alternative, which consists of demand estimation
and the use of a model of postmerger conduct to simulate the competitive effects of a ...
I Hendel… - Econometrica, 2006 - Wiley Online Library
1. We wish to thank David Bell for the data, Michael Keane, Ariel Pakes, John Rust, a co-
editor, Glenn Ellison, four anonymous referees, and seminar participants in several
workshops for comments and suggestions. We gratefully acknowledge support from the ...
I Hendel… - 2002 - nber.org
Temporary price reductions (sales) are common for many goods and naturally result in large
increase in the quantity sold. We explore whether the data support the hypothesis that these
increases are, at least partly, due to dynamic consumer behavior: at low prices consumers ...
A Nevo - 2001 - nber.org
This paper examines the construction of a price index based on an estimated demand
system. In principle the method examined can produce a price index that accounts for
introduction of new products and quality changes in existing products. However, I isolate ...
A Nevo… - RAND Journal of Economics, 2002 - JSTOR
We explore the relationship between shelf prices and manufacturers' coupons for 25 ready-
to-eat breakfast cereals. We find that shelf prices are lower during periods when coupons
are available. This result is inconsistent with static monopoly price discrimination under a ...
A Nevo - Economics Letters, 1998 - Elsevier
A central part of the “new empirical industrial organization” has been the study of market
power in homogenous-product industries. This paper discusses extension of these methods
to differentiated-products industries. The requirements for identification of conjectural ...
I Hendel… - Econometrica, 2002 - faculty.econ.northwestern.edu
ABSTRACT Temporary price reductions (sales) are common for many goods and naturally
result in large increases in the quantity sold. In previous work we found that the data support
the hypothesis that these increases are, at least partly, due to stockpiling. In this paper we ...
I Hendel, A Nevo… - 2007 - nber.org
We compare outcomes obtained by sellers who listed their home on a newly developed For-
Sale-By-Owner (FSBO) web site versus those who used an agent and the Multiple Listing
Service (MLS). We do not find support for the hypothesis that listing on the MLS helps ...
[CITATION] Demand for ready-to-eat cereal and its implications for price competition, merger analysis and valuation of new brands
A Nevo - 1997 - Harvard University
A Nevo - Journal of Business and Economic Statistics, 2003 - ASA
This article analyzes generalized method of moments estimation when the sample is not a
random draw from the population of interest. Auxiliary information, in the form of moments
from the population of interest, is exploited to compute weights that are proportional to the ...
A Nevo - 1998 - nber.org
The study of differentiated-products markets is a central part of empirical industrial
organization. Questions regarding market power, mergers, innovation, and valuation of new
brands are addressed using cutting-edge econometric methods and relying on economic ...
A Nevo… - 2008 - nber.org
Dealing with endogenous regressors is a central challenge of applied research. The
standard solution is to use instrumental variables that are assumed to be uncorrelated with
unobservables. We instead assume (i) the correlation between the instrument and the ...
A Nevo… - 2005 - nber.org
For many products the average price paid by consumers falls during periods of high
demand. We use information from a large supermarket chain to decompose the decrease in
the average price into a substitution effect, due to an increase in the share of cheaper ...
R Griffith, E Leibtag, A Leicester… - The Journal of Economic …, 2009 - ingentaconnect.com
Abstract: This paper documents the potential and actual savings that consumers realize from
four particular types of purchasing behavior: purchasing on sale; buying in bulk (at a lower
per unit price); buying generic brands; and choosing outlets. How much can and do ...
L Einav, E Leibtag, A Nevo - Economic research report, 2008 - ers.usda.gov
Abstract Researchers use Nielsen Homescan data, which provide detailed food-purchase
information from a panel of US households, to address a variety of important research topics.
However, some question the credibility of the data since the data are self-recorded and ...
A Nevo… - Economics Letters, 2008 - Elsevier
While our ability to estimate the dynamic model has significantly improved, in order to study counterfactual
situations the equilibrium of the model still needs to be computed. Therefore, the original
Ericson–Pakes model is somewhat limited in its application to cases where the state ...
A Nevo… - The Journal of Economic Perspectives, 2010 - ingentaconnect.com
Abstract: Without a doubt, there has been a" credibility revolution" in applied econometrics.
One contributing development has been in the improvement and increased use in data
analysis of" structural methods"; that is, the use of models based in economic theory. ...
A Nevo… - The American economic review, 2005 - JSTOR
The prices of for-profit academic journals have increased rapidly over the past decade
(Barbara Albee and Brenda Dingley, 2001). There remains substantial debate as to the
explanation for these increases. Among those put forward are the increased concentration ...
A Nevo… - 1999 - nber.org
This paper explores the relationship between shelf prices and manufacturers' coupons for
25 ready-to-eat breakfast cereals. Contrary to the predictions of static monopoly price
discrimination, we find the shelf prices for a particular brand in a particular city are ...
A Nevo - Journal of econometrics, 2002 - Elsevier
Information-theoretic alternatives to general method of moments (GMM) use over-identifying
moments to estimate the data-generating distribution jointly with the parameters of interest.
This paper demonstrates how these estimates can be interpreted when the sample is not ...
I Hendel… - Quantitative Marketing and Economics, 2003 - Springer
One of the puzzles of store-level scanner data is the lack of a dip in quantity sold in the
weeks following a promotion. Such a dip is predicted by a consumer inventory model.
During a promotion consumers buy more, not only for current consumption, but stockpile ...
I Hendel… - Journal of the European Economic …, 2004 - Wiley Online Library
Abstract Storable products allow consumers to time their purchases to exploit price
fluctuations. It has been documented that during promotions consumers buy more. The
additional purchases are potentially intended not only for current use, but to be stockpiled ...
L Einav, E Leibtag… - Quantitative Marketing and Economics, 2010 - Springer
Abstract We report results from a validation study of the Nielsen Homescan consumer panel
data. We use data from a large grocery retailer to match transactions that were recorded by
the retailer (at the store) and by the Homescan panelist (at home). The matched data allow ...
A Nevo… - University of California, …, 2006 - faculty.wcas.northwestern.edu
ABSTRACT For many products the average price paid by consumers falls during periods of
high demand. We use information from a large supermarket chain to decompose the
decrease in the average price into a substitution effect, due to an increase in the share of ...
I Hendel, A Nevo… - 2008 - Citeseer
Abstract We compare outcomes obtained by sellers who listed their home on a newly
developed For-Sale-By-Owner (FSBO) web site versus those who used an agent and the
Multiple Listing Service (MLS). We do not… nd support for the hypothesis that listing on ...
I Hendel… - 2011 - nber.org
We study intertemporal price discrimination when consumers can store for future
consumption needs. To make the problem tractable we offer a simple model of demand
dynamics, which we estimate using market level data. Optimal pricing involves temporary ...
I Hendel… - manuscript. Department of Economics. …, 2010 - capcp.psu.edu
Abstract In the presence of intertemporal substitution, static demand estimation yields bi%
ased estimates and fails to recover long run price responses. Our goal is to present a
computationally simple way to estimate dynamic demand using aggregate data. Pre% ...
A Nevo - 2010 - nber.org
Models of consumer behavior play a key role in modern empirical Industrial Organization. In
this paper, I survey some of the models used in this literature. In particular, I discuss two
commonly used demand systems: multi-stage budgeting approaches and discrete choice ...
A Nevo - 1997 - escholarship.org
Abstract: Traditional merger analysis, based on market definition and use of concentration
measures to infer potential anti-competitive effects, is problematic and difficult to implement
when evaluating mergers in industries with differentiated products. This paper discusses ...
[CITATION] Academic Journal Publishing and the Demand for Libraries
A Nevo, DL Rubinfeld… - American Economic Review, Papers and …, 2005
R Griffith, E Leibtag, A Leicester… - 2008 - nber.org
A common approach to measuring price changes is to look at the change of the expenditure
needed to purchase a fixed basket of goods. It is well-known that this approach suffers from
problems and creates several biases in the measurement of price changes faced by ...
[CITATION] Forthcoming.“Recording Discrepancies in Nielsen Homescan Data: Are They Present and Do They Matter?”
L Einav, E Leibtag… - Quantitative Marketing and Economics
[CITATION] Measuring the Implications of Sales and Consumer Stockpiling Behavior
A Nevo… - 2002 - Mimeo, Berkeley, CA: University of …
L Einav… - ECONOMETRIC SOCIETY MONOGRAPHS, 2006 - books.google.com
The fieldofIndustrialOrganization (IO) studiesthebehavioroffirmsandtheinteraction... them.
Inthe last25 years, IO studies have increasinglyfocused on single industries, using a
combination of economic theory and statistics to analyze strategic interaction between ...
MJ McCabe, A Nevo… - 2006 - escholarship.org
Abstract In this paper we investigate the claim that academic journals are too expensive. We
estimate library demand for academic journals and ask if short run profit maximization by
publishers can explain observed prices. Libraries purchase a portfolio of journals so to ...
N Aviv - … of Resource Economics Regional Research Project, 1997 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
[CITATION] Why Do Manufacturers Issue Coupons? An Empirical Analysis of Coupons and Prices for Breakfast Cereals
A Nevo… - 2000 - Working Paper, University of …
Abstract Empirically studying dynamic competition in oligopoly industries requires dealing
with large states spaces and tackling difficult computational problems, while handling
heterogeneity and multiple equilibria. In this paper, we discuss some of the ways recent ...
[CITATION] XMeasuring Market Power in the ReadyTtoTEat CerT eral Industry,"
A Nevo - 1998 - NBER WP
A Nevo… - Work. Pap., Northwestern Univ, 2009 - faculty.wcas.northwestern.edu
Page 1. 1 A Report on Work in Progress INFERENCE WITH IMPERFECT
INSTRUMENTAL VARIABLES Aviv Nevo Northwestern University and NBER Adam
Rosen Northwestern University Page 2. 2 Motivation • Finding valid ...
I Hendel… - Manuscript, Northwestern University, 2010 - w4.stern.nyu.edu
Abstract In the presence of intertemporal substitution, static demand estimation yields biased
estimates and fails to recover long run price responses. Previous work has documented the
existence of intertemporal substitution, its implications and offered ways to recover long ...
Empirically studying dynamic competition in oligopoly markets requires dealing with large
states spaces and tackling difficult computational problems, while handling heterogeneity
and multiple equilibria. In this paper, we discuss some of the ways recent work in ...
L Einav, E Leibtag… - 2008 - 134.245.92.14
Abstract We report results from a validation study of Nielsen Homescan data. We use data
from a large grocery chain to match thousands of individual transactions that were recorded
by both the retailer (at the store) and the Nielsen Homescan panelist (at home). First, we ...
A Nevo… - 2008 - faculty.wcas.northwestern.edu
Abstract Dealing with endogenous regressors is one of the central challenges of applied
economic research. The standard solution is to use an instrumental variable that satisfies
two conditions. One of these conditions, namely that the instrument is uncorrelated with ...
M McCabe, A Nevo… - 2006 - csio.econ.northwestern.edu
Abstract In this paper we investigate the claim that academic journals are too expensive. We
estimate library demand for academic journals and ask if short run profit maximization by
publishers can explain observed prices. Libraries purchase a portfolio of journals so to ...
I Hendel, A Nevo… - 2007 - graphics8.nytimes.com
Abstract A real estate agent may make up some of the commission he or she is paid by
helping the seller get a more favorable outcome. We match several data sets to compare the
outcomes obtained by sellers who listed their home on a For-Sale-By-Owner (FSBO) web ...
A Nevo… - econstor.eu
Zusammenfassung: Dealing with endogenous regressors is a central challenge of applied
research. The standard solution is to use instrumental variables that are assumed to be
uncorrelated with unobservables. We instead assume (i) the correlation between the ...
A Nevo, DL Rubinfeld… - 2006 - econstor.eu
Zusammenfassung: In this paper we investigate the claim that academic journals are too
expensive. We estimate library demand for academic journals and ask if short run profit
maximization by publishers can explain observed prices. Libraries purchase a portfolio of ...
N Aviv, DL RUBINFELD… - faculty.wcas.northwestern.edu
The prices of for-profit academic journals have increased rapidly over the past decade
(Barbara Albee and Brenda Dingley, 2001). There remains substantial debate as to the
explanation for these increases. Among those put forward are the increased concentration ...
[CITATION] Empirical Models OF Demand FOR Differentiated Products: Teaching Notes
A Nevo - University of California, Berkeley, 1999
I Hendel, A Nevo… - 2011 - courses.umass.edu
Abstract We study intertemporal price discrimination when consumers can store for future
consumption needs. To make the problem tractable we offer a simple model of de'mand
dynamics, which we estimate using market level data. Optimal pricing involves temporary ...
A Nevo… - 2010 - csio.econ.northwestern.edu
Abstract Dealing with endogenous regressors is a central challenge of applied research.
The standard solution is to use instrumental variables that are assumed to be uncorrelated
with unobservables. We instead assume (i) the correlation between the instrument and the ...
A Nevo - 1998 - fmpc.uconn.edu
Abstract The ready-to-eat cereal industry is characterized by high concentration, high price-
cost margins, large advertising to sales ratios, and numerous introductions of new products.
Previous researchers have concluded that the ready-to-eat cereal industry is a classic ...
R Griffith, E Leibtag, A Leicester… - csio.econ.northwestern.edu
Abstract A common approach to measuring price changes is to look at the change of the
expenditure needed to purchase a fixed basket of goods. It is well-known that this approach
suffers from problems and creates several biases in the measurement of price changes ...
R Griffith, E Leibtag, A Leicester… - econstor.eu
Zusammenfassung: A common approach to measuring price changes is to look at the
change of the expenditure needed to purchase a fixed basket of goods. It is well-known that
this approach suffers from problems and creates several biases in the measurement of ...
A Nevo… - Competition Policy Center, Working …, 2001 - en.scientificcommons.org
Abstract Temporary price reductions (sales) are quite common for many goods and usually
result in an increase in the quantity sold. We explore whether the data support the
hypothesis that these increases are, at least partly, due to dynamic consumer behavior: at ...
A Nevo… - econstor.eu
Zusammenfassung: For many products the average price paid by consumers falls during
periods of high demand. We use information from a large supermarket chain to decompose
the decrease in the average price into a substitution effect, due to an increase in the share ...
S Durlauf, JV Rios-Rull, E Tamer, J Abbring… - Wiley Online Library
Skip to Main Content. ...
A Nevo… - 2011 - papers.ssrn.com
Abstract: Empirically studying dynamic competition in oligopoly markets requires dealing
with large states spaces and tackling difficult computational problems, while handling
heterogeneity and multiple equilibria. In this paper, we discuss some of the ways recent ...
[CITATION] In a discrete choice demand model, consumer i chooses product j out of the set J if u
JL Berry, A Pakes, A Nevo, A Petrin, KE Train…
A Nevo - Journal of Political Economy, 2002 - ecsocman.hse.ru
The course provides a graduate-level introduction to Industrial Organization (IO). It is
designed to provide a broad introduction to topics and industries that current researchers
are studying as well as to expose students to a wide variety of techniques. It will start the ...
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