BIROn - Birkbeck Institutional Research Online

Heterogeneity and the non-parametric analysis of consumer choice: conditions for invertibility

Beckert, Walter and Blundell, R. (2008) Heterogeneity and the non-parametric analysis of consumer choice: conditions for invertibility. Review of Economic Studies 75 (4), pp. 1069-1080. ISSN 0034-6527.

Full text not available from this repository.

Abstract

This paper considers structural non-parametric random utility models for continuous choice variables with unobserved heterogeneity. We provide sufficient conditions on random preferences to yield reduced-form systems of non-parametric stochastic demand functions that allow global invertibility between demands and non-separable unobserved heterogeneity. Invertibility is essential for global identification of structural consumer demand models, for the existence of well-specified probability models of choice and for the non-parametric analysis of revealed stochastic preference. We distinguish between new classes of models in which heterogeneity is separable and non-separable in the marginal rates of substitution, respectively.

Metadata

Item Type: Article
School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
Research Centres and Institutes: Commodities Finance Centre
Depositing User: Administrator
Date Deposited: 01 Feb 2011 11:59
Last Modified: 02 Aug 2023 16:51
URI: https://eprints.bbk.ac.uk/id/eprint/1921

Statistics

6 month trend
0Downloads
6 month trend
434Hits

Additional statistics are available via IRStats2.

Archive Staff Only (login required)

Edit/View Item
Edit/View Item