Demand Estimation under Incomplete Product Availability

@inproceedings{Conlon2008DemandEU,
  title={Demand Estimation under Incomplete Product Availability},
  author={Christopher Conlon and Julie Holland Mortimer},
  year={2008}
}
Incomplete product availability is an important feature of many markets; ignoring changes in availability may bias demand estimates. We study a new dataset from a wireless inventory system installed on 54 vending machines to track product availability every four hours. The data allow us to account for product availability when estimating demand, and provides a valuable source of variation for identifying substitution patterns. We develop a procedure that allows for changes in product… CONTINUE READING

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