Elrod and Keane 1995 - Factor-Analytic Probit Market Structure
Routing Summary
Full capture of Elrod & Keane (JMR 1995): a factor-analytic multinomial probit for inferring market structure from household panel data, the structureless benchmarks (equisimilar probit, Dirichlet-multinomial), simulated-moments estimation, and a detergent empirical comparison. 5 notes. Substitute for Allenby & Rossi (1991), which has no open copy.
- Need the paper summary and source map? → Elrod and Keane 1995 - Factor-Analytic Probit Market Structure - Overview
- Need the review of model types (Table 1)? → Elrod and Keane 1995 - Models for Internal Market Structure Analysis
- Need the factor-analytic probit, equisimilar probit, IIA? → Elrod and Keane 1995 - Factor-Analytic Probit Model Specification
- Need MSM, GHK, transition probabilities? → Elrod and Keane 1995 - Simulated Moments and Panel Estimation
- Need Tables 2-3, predictive and face validity? → Elrod and Keane 1995 - Empirical Assessment on Detergent Panel Data
Concept Map
| Concept | Note | Type | Depends On | Key Result |
|---|---|---|---|---|
| Internal market structure analysis | Elrod and Keane 1995 - Models for Internal Market Structure Analysis | concept | Overview | review by data type |
| Factor-analytic probit | Elrod and Keane 1995 - Factor-Analytic Probit Model Specification | definition | review | , |
| Equisimilar probit, IIA | Elrod and Keane 1995 - Factor-Analytic Probit Model Specification | definition | FAP | structureless |
| MSM / GHK | Elrod and Keane 1995 - Simulated Moments and Panel Estimation | theorem | FAP | transition probabilities |
| Empirical results | Elrod and Keane 1995 - Empirical Assessment on Detergent Panel Data | example | all | FAP best predictive likelihood |
Notes
- Elrod and Keane 1995 - Factor-Analytic Probit Market Structure - Overview — CONTAINS: summary, Table 1, source map, E84/E85 links.
- Elrod and Keane 1995 - Models for Internal Market Structure Analysis — CONTAINS: model families by data type, dimensionality condition.
- Elrod and Keane 1995 - Factor-Analytic Probit Model Specification — CONTAINS: Eqs. 1-8, identification, IIA discussion, simulation example.
- Elrod and Keane 1995 - Simulated Moments and Panel Estimation — CONTAINS: Technical Appendix.
- Elrod and Keane 1995 - Empirical Assessment on Detergent Panel Data — CONTAINS: Tables 2-3, Fig. 1, criteria, face validity.
Sources
Elrod and Keane 1995 - A Factor-Analytic Probit Model for Market Structure in Panel Data