Davis, Peter; Schiraldi, Pasquale - In: RAND Journal of Economics 45 (2014) 1, pp. 32-63
type="main" <p>We show FC-MNL is flexible in the sense of Diewert ([Diewert, E., 1974]), thus its parameters can be chosen to match a well-defined class of possible own- and cross-price elasticities of demand. In contrast to models such as Probit and Random Coefficient-MNL models, FC-MNL does not...</p>
