Economía

Econometric estimation of PCAIDS models

Número
276
Autor
Germán Coloma
Mes/Año
11/2004
Adjunto
Resumen

This paper presents a version of the proportionally calibrated almost ideal demand system (PCAIDS) model, useful for merger simulations, which can be econometrically estimated using price data for two firms in a market. The model is then applied to a database of the Argentine gasoline market, and its results are compared to the ones obtained with other alternative specifications.