Edited by Emek Basker
Chapter 13: Demand estimation with availability variation
AbstractEstimates of demand are identified from variation in the choice sets that consumers face and the corresponding purchase probabilities for individual products. Retail settings often provide an opportunity to observe variation in consumer choice sets that arises not only through changes in observable product characteristics, such as price, but also through changes in product availability. We review the literature that develops methods for estimating demand in these settings, with emphasis on two mechanisms through which product availability may vary: product assortment decisions, and stockout events. We also briefly discuss variation in availability that may arise from limited consumer information.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.