## Quantifying Equilibrium Network Externalities (2003)

Venue: | University of Arizona |

Citations: | 30 - 2 self |

### BibTeX

@INPROCEEDINGS{Ackerberg03quantifyingequilibrium,

author = {Daniel A. Ackerberg and Gautam Gowrisankaran},

title = {Quantifying Equilibrium Network Externalities},

booktitle = {University of Arizona},

year = {2003}

}

### OpenURL

### Abstract

industry

### Citations

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Citation Context ...hese moments is larger than the number of markets. 17sMoreover, the literature suggests the possibility of non-negligible finite–sample biases even if we only used a small fraction of them (see e.g., =-=Staiger and Stock, 1997-=-). To try to summarize the nature of network externalities in the data with an informative but concise set of moments, we make use of Gowrisankaran and Stavins (2004), whose reduced-form analyses atte... |

660 | Identification and Estimation of Local Average Treatment Effects. Econometrica 62(2 - Imbens, Angrist - 1994 |

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Citation Context ...bitrary functions f and g, is a standard MSM estimator. This estimator is well-known to be consistent as the number of observations goes to infinity, even with a fixed number of simulation draws (see =-=McFadden, 1989-=-, and Pakes and Pollard, 1989). Similarly, Gouriéroux, Monfort and Renault (1993) show that the more general II estimator is also consistent for a fixed number of simulation draws. This is because, at... |

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279 |
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Citation Context ...and g, is a standard MSM estimator. This estimator is well-known to be consistent as the number of observations goes to infinity, even with a fixed number of simulation draws (see McFadden, 1989, and =-=Pakes and Pollard, 1989-=-). Similarly, Gouriéroux, Monfort and Renault (1993) show that the more general II estimator is also consistent for a fixed number of simulation draws. This is because, at the true parameter vector, t... |

198 | Global Optimization of Statistical Functions with Simulated Annealing - Goffe, Ferrier, et al. - 1994 |

109 | Competition Between Networks: A Study of the Market for Yellow Pages.” mimeo - Rysman - 2002 |

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65 | 2001), “Discrete Choice with Social Interactions”, Review of Economic Studies 68: 235-259. 16A similar model is being thought about with regards to Arcidiacono and Nathan (2007), and something similar has been attempted - Brock, Durlauf - 2008 |

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29 | The Effect of Statistical Discrimination on Black-White Wage Inequality: Estimating a Model with Multiple Equilibria - Moro |

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The Role of Network Effects
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(Show Context)
Citation Context ...bserved data. This work builds on a recent literature on empirically estimating the extent of network effects for different industries (see Goolsbee and Klenow, 2002; Gowrisankaran and Stavins, 2004; =-=Ohashi, 2003-=-; Park, 2002; and Rysman, 2004a, 2004b, among others). Network externalities imply an interdependence of preferences, leading to simultaneity in equilibrium adoption decisions. This makes identificati... |

5 | Joanna Stavins (2004), “Network Externalities and Technology Adoption: Lessons from Electronic Payments - Gowrisankaran |

5 | Estimating the Effects - Keane, Wolpin - 2000 |

4 |
Evidence on Network and Learning Externalities in the Diffusion of Home Computers
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Citation Context ...meters for which the simulated data most closely match the observed data. This work builds on a recent literature on empirically estimating the extent of network effects for different industries (see =-=Goolsbee and Klenow, 2002-=-; Gowrisankaran and Stavins, 2004; Ohashi, 2003; Park, 2002; and Rysman, 2004a, 2004b, among others). Network externalities imply an interdependence of preferences, leading to simultaneity in equilibr... |

4 | Semiparametric instrumental variables estimation
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Citation Context ...This work builds on a recent literature on empirically estimating the extent of network effects for different industries (see Goolsbee and Klenow, 2002; Gowrisankaran and Stavins, 2004; Ohashi, 2003; =-=Park, 2002-=-; and Rysman, 2004a, 2004b, among others). Network externalities imply an interdependence of preferences, leading to simultaneity in equilibrium adoption decisions. This makes identification of the ne... |

3 | A Computationally Practical Simulator for Panel Data - Keane - 1994 |

3 | An Empirical Analysis of - Rysman - 2004 |