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This study investigates why the strong form of the spatial equilibrium is weakly supported in the literature. Using a discrete choice model, it shows that the strong form of the spatial equilibrium is rarely observed because workers are imperfectly mobile from the perspective of researchers....
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, heterogeneity in the effects of marketing variables create a profusion of model parameters placing further demands on the method of …
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We consider identification of nonparametric random utility models of multinomial choice using 'micro data,' i.e., observation of the characteristics and choices of individual consumers. Our model of preferences nests random coefficients discrete choice models widely used in practice with...
Persistent link: https://www.econbiz.de/10014205488
I prove that the joint distribution of random coefficients and additive errors is identified in a mulltinomial choice model. No restrictions are imposed on the support of the random coefficients and additive errors. The proof uses large support variation in choice-specific explanatory variables...
Persistent link: https://www.econbiz.de/10012951337
We propose using cyclic monotonicity, a convex-analytic property of the random utility choice model, to derive bounds on counterfactual choice probabilities in semiparametric multinomial choice models. These bounds are useful for typical counterfactual exercises in aggregate discrete-choice...
Persistent link: https://www.econbiz.de/10012951438
We show how to construct bounds on counterfactual choice probabilities in semiparametric discrete-choice models. Our procedure is based on cyclic monotonicity, a convex-analytic property of the random utility discrete-choice model. These bounds are useful for typical counterfactual exercises in...
Persistent link: https://www.econbiz.de/10012955083