Automobile data set from the US.
miles per gallon
miles per dollar
horse power per weight
air conditioning (binary variable)
size of the car
outcome variable defined as log(share) - log(outshr)
Data set was analysed in Berry, Levinsohn and Pakes (1995). The data stem from annual issues of the Automotive News Market Data Book.
The data set inlcudes information on all models marketed during the the period beginning 1971 and ending in 1990 cotaining 2217 model/years from 997 distinct models.
A detailed description is given in BLP (1995, 868–871). The internal function
constructIV constructs instrumental variables along the lines described and used in BLP (1995).
S. Berry, J. Levinsohn, A. Pakes (1995). Automobile Prices in Market EquilibriumD. Econometrica, 63(4), 841–890.
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