A Bayesian approach to the spatial representation of market structure from consumer choice data (Q1806808)
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scientific article; zbMATH DE number 1358377
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A Bayesian approach to the spatial representation of market structure from consumer choice data |
scientific article; zbMATH DE number 1358377 |
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A Bayesian approach to the spatial representation of market structure from consumer choice data (English)
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22 March 2001
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A new multidimensional scaling methodology for the spatial representation of market structure, based on stated preference data is proposed. The authors use Bayesian approach. They use the Metropolis-Hastings algorithm for estimation. Convergence and selection of the number of dimension are discussed. Application of the method to a portable telephone survey is given. A number of areas of future research are identified.
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multidimensional scaling
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Bayesian analysis
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choice models
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competitive market structure
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