Panel data discrete choice models of consumer demand
Michael P. Keane
Abstract
Open-access reader
Michael P. Keane
Abstract
Open-access reader
This chapter deals with the vast literature on panel data discrete choice models of consumer demand. The reason this area is so active is that very high quality data is available. Firms like Nielsen and IRI have, for over 30 years, been collecting panel data on households‘ purchases of consumer goods. This is known as ―scanner data, ‖ because it is collected by checkout
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This chapter deals with the vast literature on panel data discrete choice models of consumer demand. The reason this area is so active is that very high quality data is available. Firms like Nielsen and IRI have, for over 30 years, been collecting panel data on households‘ purchases of consumer goods. This is known as ―scanner data, ‖ because it is collected by checkout
Key concepts: Discrete choice, Panel data, Economics, Consumer demand, Consumer choice, Econometrics, Microeconomics