Specification and Identification of Stochastic Demand Models
AbstractThis paper is concerned with stochastic demand systems for continuous choices that arise from structural random utility models. It examines under which nonparametric conditions on the structural random utility specification the implied reduced form model is nonsingular and invertible. For parametric members within this class of random utility models, the paper provides conditions for local identification from the reduced form under moment assumptions.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Econometric Reviews.
Volume (Year): 26 (2007)
Issue (Month): 6 ()
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