Bayesian estimation of random‐coefficients choice models using aggregate data
利用聚合数据贝叶斯估计随机系数选择模型
Abstract This article discusses the use of Bayesian methods for estimating logit demand models using aggregate data. We analyze two different demand systems: independent samples and consumer panel. Under the first system, there is a different and independent random sample of N consumers in each period and each consumer makes only a single purchase decision. Under the second system, the same N consumers make a purchase decision in each of T periods. Interestingly, there…