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- 000 04306cam a2200385 a 4500
- 008 240223s2023 njua b 001 0 eng
- 020 __ |a 9780691243467 |q (hardback)
- 020 __ |z 9780691251004 |q (ebook)
- 040 __ |a DLC |b eng |e rda |c DLC |d OCLCF |d UKMGB |d OCLCO |d OCLCQ |d KCC
- 050 00 |a HB141 |b .H673 2023
- 082 00 |a 330.01/5195 |2 23/eng/20230417
- 099 __ |a CAL 022024027149
- 100 1_ |a Hortac?su, Ali, |e author.
- 245 10 |a Structural econometric modeling in industrial organization and quantitative marketing : |b theory and applications / |c Ali Hortac?su and Joonhwi Joo.
- 264 _1 |a Princeton : |b Princeton University Press, |c [2023]
- 300 __ |a ix, 265 pages : |b illustrations (black and white) ; |c 26 cm
- 336 __ |a text |b txt |2 rdacontent
- 337 __ |a unmediated |b n |2 rdamedia
- 338 __ |a volume |b nc |2 rdacarrier
- 504 __ |a Includes bibliographical references and index.
- 520 __ |a "Within economics a relatively new way of modeling has dominated important subfields: structural modeling. The goal of this book is to give an overview on how the various streams of literatures in empirical industrial organization and quantitative marketing use structural econometric modeling to estimate the model parameters, give the economic-model-based predictions, and conduct the policy counterfactual experiments. The traditional way of modelling, called "reduced-form" builds its models from simple relationships between variables of interests, which are mostly linear. Structural econometric models start by specifying the structure of the economic model, and the variables are calibrated from real-world data. This method enables better predictions and policy counterfactuals, and has other benefits. When considering a hypothetical policy change using the traditional modeling method ("reduced form"), researchers can often only estimate whether an effect would be positive or negative. With a structural econometric model using real-world data, a researcher can obtain the magnitude of the effects resulting from a hypothetical change. But the ability of quantifying the effects associated with a hypothetical policy change comes with its costs: the nonlinearity from explicitly specifying the possible relationships makes the structural econometric approach generally much more difficult to implement than its reduced-form counterpart. Therefore this book will provide a much-needed resource on how to use these methods effectively in the fields in which they been used the most, empirical industrial organization and quantitative marketing"-- |c Provided by publisher.
- 520 __ |a "A concise and rigorous introduction to widely used approaches in structural econometric modeling Structural econometric modeling specifies the structure of an economic model and estimates the model's parameters from real-world data. Structural econometric modeling enables better economic theory-based predictions and policy counterfactuals. This book offers a primer on recent developments in these modeling techniques, which are used widely in empirical industrial organization, quantitative marketing, and related fields. It covers such topics as discrete choice modeling, demand modes, estimation of the firm entry models with strategic interactions, consumer search, and theory/empirics of auctions. The book makes highly technical material accessible to graduate students, describing key insights succinctly but without sacrificing rigor. Concise overview of the most widely used structural econometric models Rigorous and systematic treatment of the topics, emphasizing key insights Coverage of demand estimation, estimation of static and dynamic game theoretic models, consumer search, and auctions Focus on econometric models while providing concise reviews of relevant theoretical models"-- |c Provided by publisher.
- 650 _0 |a Econometric models |v Case studies.
- 650 _0 |a Industrial organization (Economic theory) |x Econometric models |v Case studies.
- 650 _0 |a Marketing |x Mathematical models.
- 700 1_ |a Joo, Joonhwi, |d 1986- |e author.
- 921 __ |a CASHL |b CEPIEC |c CEPC 022024007652 |c 9780691243467
- 950 __ |a SCNU |f F406/H821