This paper presents an analysis of the recent developments of average market power in Europe by using a broad firm-level database for EU member states. To indicate competitive pressure at the firm-level, markups…
The logit-mixed logit (LML) model is a very recent advancement in semiparametric discrete choice models. LML represents the mixing distribution of a logit kernel as a sieve function (polynomials, step…
The logit-mixed logit (LML) model, which allows the analyst to semi-parametrically specify the mixing distribution of preference heterogeneity, is a very recent advancement in logit-type choice models. In…