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    Invertibility of nonparametric stochastic demand functions

    Beckert, Walter and Blundell, R. (2004) Invertibility of nonparametric stochastic demand functions. Working Paper. Birkbeck, University of London, London, UK.

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    Abstract

    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 non-parametric stochastic demand functions that constitute a global homeomorphism between demands and random utility components. Such homeomorphic relationships are essential for global identification of the structural model, the existence of well-specified probability models for choice variables and for the analysis of revealed stochastic preference.

    Metadata

    Item Type: Monograph (Working Paper)
    Additional Information: BWPEF 0406
    Keyword(s) / Subject(s): nonparametric random utility model, stochastic demand, global homeomorphism, coherency
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Administrator
    Date Deposited: 09 Apr 2019 11:50
    Last Modified: 01 Aug 2019 04:13
    URI: http://eprints.bbk.ac.uk/id/eprint/27108

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