Structural Applications of the Discrete Choice Model

Dubé, Jean Pierre; Chintagunta, Pradeep K.; Petrin, Amil; Bronnenberg, Bart J.; Goettler, Ron; Seetharaman, P. B.; Sudhir, K.; Thomadsen, Raphael; Ying, Zhao

doi:10.1023/a:1020266620866

Cited by 46 publications

(1 citation statement)

References 35 publications

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“…We note that discrete choice models are some of the commonly used demand-modeling techniques [32]. Although cross-channel demand substitution can also be modeled using linear demand functions, using discrete choice models over the former yields the benefit of parsimony of the number of coefficients that must be estimated [33].…”

Section: B Demand Estimationmentioning

confidence: 99%

Bilevel Programming for Manufacturers Operating in an Omnichannel Retailing Environment

Gupta

Dakare

Fernandes

et al. 2023

IEEE Trans. Eng. Manage.

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Section: B Demand Estimationmentioning

confidence: 99%

Bilevel Programming for Manufacturers Operating in an Omnichannel Retailing Environment

Gupta

Dakare

Fernandes

et al. 2023

IEEE Trans. Eng. Manage.

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The Welfare Impact of Parallel Imports: A Structural Approach Applied to the German Market for Oral Anti‐diabetics

2014

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu Preliminary version. Please do not cite! Abstract We investigate the welfare impact of parallel imports using a large panel data set containing monthly information on sales, ex-factory prices, and further product characteristics for all 700 antidiabetic drugs sold in Germany between 2004 and 2010. We estimate a two-stage nested logit model of demand and, based on an oligopolistic model of multiproduct rms, we then recover the marginal costs and mark-ups. We nally evaluate the eect of the parallel imports' policy by calculating a counter-factual scenario without parallel trade. According to our estimates, parallel imports reduce the prices for patented and generic drugs by 39% and 0.05%, respectively. This amounts to an increase in the demandside surplus by e11.4 million per year which is relatively small compared to the market size of around e470 million. Manufacturers of original drugs, instead, lose more than half of their variable prots when parallel trade is allowed and only a small fraction of these rents are appropriated by the parallel importers. Terms of use: Documents in EconStor may

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Sales Promotion Models

Heerde¹,

Neslin

2008

International Series in Operations Research &Amp; Management Science

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Structural Applications of the Discrete Choice Model

Cited by 46 publications

References 35 publications

Bilevel Programming for Manufacturers Operating in an Omnichannel Retailing Environment

Bilevel Programming for Manufacturers Operating in an Omnichannel Retailing Environment

The Welfare Impact of Parallel Imports: A Structural Approach Applied to the German Market for Oral Anti‐diabetics

Sales Promotion Models

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