In this paper we discuss a general framework for analysing labour supply behaviour in the presence of complicated budget and quantity constraints, of which some are unobserved. The individual's labour supply decision is viewed as a choice from a set of discrete alternatives (jobs). These jobs...

In this paper we discuss Hicksian demand and compensating variation in the context of discrete choice. We first derive Hicksian choice probabilities and the distribution of the (random) expenditure function in the general case when the utilities are nonlinear in income. We subsequently derive...

This paper used an estimated mixed multinomial logit model of household housing demand to examine the impact of four housing market-related policies on a stated preference survey sample. The estimated demand probability function suggested that household choice behaviour does show huge...

A multidimensional inhomogeneous extremal process is defined and it is demonstrated that it belongs to the class of pure jump Markov processes. Let {Zj(t)} be the jth component of the process. Let {J(t)} be a finite state process defined by J(t)=j if Zj(t)=maxkZk(t). It is proved that {J(t)} is...

The paper presents estimates of a separable Box-Cox type utility function defined over leisure and consumption, parameterized by demographics. The estimation takes detailed account of the French system of direct taxation, social security contributions and social benefits. Observed hours come in...