Specification and Identification of Stochastic Demand Models

This 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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Year of publication:	2007
Authors:	Beckert, Walter
Published in:	Econometric Reviews. - Taylor & Francis Journals, ISSN 0747-4938. - Vol. 26.2007, 6, p. 669-683
Publisher:	Taylor & Francis Journals
Subject:	Invertibility \| Local identification \| Random utility \| Stochastic demand

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005511974