Specification issues and confidence intervals in unilateral price effects analysis Academic Article

abstract

• The Rotterdam demand system was introduced which considered the effect and importance of demand restrictions for minimizing the mean-squared error of price simulations. It demonstrated that approximate price changes are often misleading indicators of exact price changes. The demand system used bootstrap techniques to determine confidence intervals and standard errors for simulated price changes. The results suggest that bootstrapping the standard errors of price increases allows an assessment of both the statistical and economic significance of price increase.

authors

• Capps, Oral

published proceedings

• JOURNAL OF ECONOMETRICS

author list (cited authors)

• Capps, O., Church, J., & Love, H. A.

citation count

• 22

complete list of authors

• Capps, O||Church, J||Love, HA

publication date

• March 2003

publisher

• Elsevier  Publisher

published in

• Journal of Econometrics  Journal

keywords

• Aids And Rotterdam Demand Systems
• Merger Simulation
• Unilateral Effects

Digital Object Identifier (DOI)

• 10.1016/S0304-4076(02)00164-1

start page

• 3

end page

• 31

volume

• 113

issue

• 1

URL

• http://dx.doi.org/10.1016/s0304-4076(02)00164-1