Discrete choice demand estimation
| Dates: | 7 November 2016 - 8 November 2016 |
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| Times: | All day |
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| What is it: | Short course |
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| Organiser: | methods@manchester |
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| How much: | HE delegates: £240; Charity/Government: £440; other delegates: £950; All prices are exclusive of VAT |
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| Who is it for: | University staff, Adults, Alumni, Current University students |
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| Speaker: | Lars Nesheim |
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This course is run in association with the Centre for Microdata Methods and Practice
This two day course will study applications of discrete choice models to demand estimation in industrial organization.
This two-day course will cover topics related to the estimation of discrete choice demand models. The course will use Stata to estimate these models and will focus on 1-2 applications in industrial organization. The course will cover modeling issues (specification), data issues (aggregate vs. micro data), data cleaning, imputation, estimation, random coefficients, and dealing with endogeneity. The course will also cover estimation of demand elasticities, marginal costs and some issues around merger simulation.
The course will cover the following topics:
1. Discrete choice demand models
Logit and nested logit
Mixed logit
Endogeneity
2. Demand elasticities and merger analysis
3. Data
Data problems
Microeconomic data vs. aggregate data
Single market vs multiple market
4. Applications (using Stata)
Estimation of demand for local bus service
Estimation of demand for airline travel
Price: HE delegates: £240; Charity/Government: £440; other delegates: £950; All prices are exclusive of VAT
Speaker
Lars Nesheim
Organisation: CEMMAP and University College London
Travel and Contact Information
Find event
Basement Lab
Humanities Bridgeford Street
Manchester
