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WebThis article considers the problem of estimating supply-and-demand models in mar-kets with product differentiation. In common with some previous articles, market demand is derived from a general class of discrete-choice models of consumer behavior. The utility of consumers depends on product characteristics and individual taste parameters; product- Webplatform can attract more agents on the other side of the market. In other words, a demand curve for some agents can shift out post-merger as a result of more agents joining the platform on the other side of the market. I account for two key features of the two-sided market to provide accurate pre-dictions of competitive effects of platform ... WebDOI 10.3386/w22375. Issue Date June 2016. Economists have developed empirically tractable demand systems for fixed price markets. In contrast, empirical auction … in the tokyo