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 Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Administrator |
| Date Deposited: | 09 Apr 2019 11:50 |
| Last Modified: | 02 Aug 2023 17:50 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/27108 |
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