Estimation of random coefficients logit demand models: an application to the Brazilian fixed income fund market

• Ano de defesa: 2013
• Autor(a) principal: Castilho, Rafael de Braga
• Orientador(a): Braido, Luís Henrique Bertolino
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: eng
• Palavras-chave em Português: Produtos diferenciados; Escolha discreta; Coeficientes aleatórios; Fundo de renda fixa; Demand and supply; Differentiated products; Discrete choice; Random coefficients; Fixed income fund; Demanda e oferta
• Link de acesso: https://hdl.handle.net/10438/11425

Estimation of demand and supply in differentiated products markets is a central issue in Empirical Industrial Organization and has been used to study the effects of taxes, merges, introduction of new goods, market power, among others. Logit and Random Coefficients Logit are examples of demand models used to study these effects. For the supply side it is generally supposed a Nash equilibrium in prices. This work presents a detailed discussion of these models of demand and supply as well as the procedure for estimation. Lastly, is made an application to the Brazilian fixed income fund market.