Consumers often face choice settings in which alternatives are discrete. Examples include choices between variants of differentiated products, modes of urban transportation, residential locations, etc. In this paper compensated price elasticities and a corresponding(aggregate) Slutsky equation...

This paper proposes a particular behavioral axiom to characterize the stochastic structure of static discrete choice models with serially correlated utilities. This assumption extends Luce's axiom; "Independence from Irrelevant Alternatives", to the intertemporal setting. Under general...

This paper modifies and extends the aggregate equilibrium models for matching markets developed earlier in the literature. Agents in the matching market search for a match among potential partners, including agreements about a flexible contract, such as hours and wage combinations in the labor...