| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29993 |
| 来源ID | Working Paper 29993 |
| Demand Analysis under Latent Choice Constraints | |
| Nikhil Agarwal; Paulo J. Somaini | |
| 发表日期 | 2022-05-02 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Consumer choices are constrained in many markets due to either supply-side rationing or information frictions. Examples include matching markets for schools and colleges; entry-level labor markets; limited brand awareness and inattention in consumer markets; and selective admissions to healthcare services. Accounting for these choice constraints is essential for estimating consumer demand. We use a general random utility model for consumer preferences that allows for endogenous characteristics and a reduced-form choice-set formation rule that can be derived from models of the examples described above. The choice-sets can be arbitrarily correlated with preferences. We study non-parametric identification of this model, propose an estimator, and apply these methods to study admissions in the market for kidney dialysis in California. Our results establish identification of the model using two sets of instruments, one that only affects consumer preferences and the other that only affects choice sets. Moreover, these instruments are necessary for identification. We find that dialysis facilities are less likely to admit new patients when they have higher than normal caseload and that patients are more likely to travel further when nearby facilities have high caseloads. Finally, we estimate consumers' preferences and facilities' rationing rules using a Gibbs sampler. |
| 主题 | Econometrics ; Estimation Methods ; Health, Education, and Welfare ; Health ; Industrial Organization |
| URL | https://www.nber.org/papers/w29993 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587666 |
| 推荐引用方式 GB/T 7714 | Nikhil Agarwal,Paulo J. Somaini. Demand Analysis under Latent Choice Constraints. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29993.pdf（848KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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