Aravindakshan, Ashwin; Ratchford, Brian - In: Review of Marketing Science 9 (2011) 1, pp. 1-17
Though individual demand and supply equations can readily be expressed in logit models, closed-form solutions for … the employment of logit models in theoretical studies, and also makes it difficult to develop reduced-form expressions for … mathematical function called the LambertW be employed in solving logit models for equilibrium shares and prices. We derive closed …