When Can a Demand System Be Described by a Multinomial Logit with Income Effect?

We show that a wide class of demand systems for differentiated products, such as those generated by additive preferences, indirectly additive preferences, and Kimball-like homothetic preferences, can be given a multinomial logit foundation provided that the conditional indirect utility is nonlinear and varies with the whole price array

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Year of publication:	2016
Authors:	Thisse, Jacques-François
Other Persons:	Ushchev, Philip (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Einkommenseffekt \| Income effect \| Nachfragesystem \| Demand system \| Logit-Modell \| Logit model \| Konsumtheorie \| Consumption theory

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Extent:	1 Online-Ressource (20 p)
Series:	Higher School of Economics Research Paper ; No. WP BRP 139/EC/2016
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 31, 2016 erstellt
Other identifiers:	10.2139/ssrn.2787822 [DOI]
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L13 - Oligopoly and Other Imperfect Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012990100