Modeling and estimating market shares in multiattribute, multicommodity markets

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dc.contributor.advisorHartley, Peter R.en_US
dc.creatorNesbitt, Jill Eliseen_US
dc.date.accessioned2009-06-03T19:53:56Zen_US
dc.date.available2009-06-03T19:53:56Zen_US
dc.date.issued2008en_US
dc.description.abstractWe introduce a model of market shares in aggregate markets beginning with the McFadden multiattribute consumer choice theory and extending to allow for lagged individual choice probabilities and unequally spaced historical data. Our market share model admits the use of Bayesian methods (in addition to traditional maximum likelihood methods) to deal with the problem of chronically short historical time series (particularly prices) in many countries for applications such as energy shares. Two applications are presented. In the first (United States electric power fuel shares), fuel shares are modeled as a function of oil, gas, and coal prices and installed generation capacity. We estimate own and cross elasticity parameters and use Bayesian methods both to address short data series and alternative prior beliefs about the parameters. In the second application, we use G8 industrial sector fuel price data to estimate oil, gas, and coal own and cross price parameters in those economies. Both applications employ Bayesian methods to address short historical time series, particularly in the latter application of fuel price data outside the United States.en_US
dc.format.extent263 p.en_US
dc.format.mimetypeapplication/pdfen_US
dc.identifier.callnoTHESIS ECON. 2008 NESBITTen_US
dc.identifier.citationNesbitt, Jill Elise. "Modeling and estimating market shares in multiattribute, multicommodity markets." (2008) Diss., Rice University. <a href="https://hdl.handle.net/1911/22169">https://hdl.handle.net/1911/22169</a>.en_US
dc.identifier.urihttps://hdl.handle.net/1911/22169en_US
dc.language.isoengen_US
dc.rightsCopyright is held by the author, unless otherwise indicated. Permission to reuse, publish, or reproduce the work beyond the bounds of fair use or other exemptions to copyright law must be obtained from the copyright holder.en_US
dc.subjectEconomicsen_US
dc.titleModeling and estimating market shares in multiattribute, multicommodity marketsen_US
dc.typeThesisen_US
dc.type.materialTexten_US
thesis.degree.departmentEconomicsen_US
thesis.degree.disciplineSocial Sciencesen_US
thesis.degree.grantorRice Universityen_US
thesis.degree.levelDoctoralen_US
thesis.degree.nameDoctor of Philosophyen_US
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