Search Results - subject:"Random utility model"

Heterogeneity and the nonparametric analysis of consumer choice: conditions for invertibility

Beckert, Walter; Blundell, Richard - Centre for Microdata Methods and Practice (CEMMAP) - 2005

nonparametric analysis of revealed stochastic preference. Keywords: nonparametric random utility model, stochastic demand, global … the Gale Nikaido or the Mas-Colell Theorem. ⁄ As an illustration of the these results, consider the random utility model U … density Consider the following random utility model: U(x1;x2;†) = minfx1 + x2;†x1 + 12x2g, where supp(†) = (12 …

Persistent link: https://www.econbiz.de/10005727677

Accounting for Skill Levels in Recreational Demand Modelling using a Clustered RUM approach

Hynes, Stephen; Hanley, Nick - Department of Economics, National University of Ireland - 2005

We adapt the standard random utility model to take account of the heterogeneity of recreational preferences by using …

Persistent link: https://www.econbiz.de/10008543402

Spatial random utility model with an application to recreation demand

Smirnov, Oleg A.; Egan, Kevin J. - In: Economic Modelling 29 (2012) 1, pp. 72-78

discrete choices. To incorporate spatial interdependencies in the behavioral analysis, we propose a spatial random utility … model of recreation demand. The model combines the set-theoretic concept of spatial neighborhood, endogeneity of spatial …

Persistent link: https://www.econbiz.de/10010599354

Probabilistic choice and stochastic dominance

Blavatskyy, Pavlo - In: Economic Theory 50 (2012) 1, pp. 59-83

Persistent link: https://www.econbiz.de/10010557777

Spatial random utility model with an application to recreation demand

Smirnov, Oleg A.; Egan, Kevin J. - In: Economic modelling 29 (2012) 1, pp. 72-78

Persistent link: https://www.econbiz.de/10009658255

Destination Choice Models for Rock Climbing in the Northeast Alps: A Latent-Class Approach Based on Intensity of Participation

Scarpa, Riccardo; Thiene, Mara - 2004

Practitioners of outdoor sports, such as rock-climbers, are likely to exhibit preference heterogeneity that depends on the 'keenness' with which such sports are practiced. Such an intuition is born out in at least one study using latent class discrete choice modelling (Provencher et al. 2002)....

Persistent link: https://www.econbiz.de/10011325011

Agricultural Production with Uncertain Water Supply

Dagsvik, John K.; Mathiassen, Astrid L. - 2004

The purpose of this paper is to develop a framework for analysis of multioutput agricultural production when the supply of water is uncertain. Specifically, we assume that the farmer operates as if the decision process takes place in two stages. In stage one the farmer decides how much land to...

Persistent link: https://www.econbiz.de/10011968140

Invertibility of Nonparametric Stochastic Demand Functions

Beckert, Walter; Blundell, Richard - Birkbeck, Department of Economics, Mathematics & Statistics - 2004

This paper considers structural nonparametric random utility models for continuous choice variables. It provides sufficient conditions on the structural model to yield reduced-form systems of nonparametric stochastic demand functions that constitute a global homeomorphism between demands and...

Persistent link: https://www.econbiz.de/10005509611

Destination Choice Models for Rock Climbing in the Northeast Alps: A Latent-Class Approach Based on Intensity of Participation

Scarpa, Riccardo; Thiene, Mara - Fondazione ENI Enrico Mattei (FEEM) - 2004

Practitioners of outdoor sports, such as rock-climbers, are likely to exhibit preference heterogeneity that depends on the ‘keenness’ with which such sports are practiced. Such an intuition is born out in at least one study using latent class discrete choice modelling (Provencher et al....

Persistent link: https://www.econbiz.de/10005423155

Agricultural Production with Uncertain Water Supply

Dagsvik, John K.; Mathiassen, Astrid L. - Statistisk Sentralbyrå, Government of Norway - 2004

Persistent link: https://www.econbiz.de/10004980701