Exact MCMC for Choices from Menus—Measuring Substitution and Complementarity Among Menu Items
通过精确后验抽样测量菜单项之间的异质性替代与互补关系,并展示其对最优定价的启示。
We measure heterogeneous substitutive and complementary relationships between items in a menu sampling from the exact posterior of our model and showcase implications for optimal pricing.