Beckert, Walter (2007) Specification and identification of stochastic demand models. Econometric Reviews 26 (6), pp. 669-683. ISSN 0747-4938.
Abstract
This paper is concerned with stochastic demand systems for continuous choices that arise from structural random utility models. It examines under which nonparametric conditions on the structural random utility specification the implied reduced form model is nonsingular and invertible. For parametric members within this class of random utility models, the paper provides conditions for local identification from the reduced form under moment assumptions.
Metadata
| Item Type: | Article |
|---|---|
| Keyword(s) / Subject(s): | Invertibility, Local identification, Random utility, Stochastic demand |
| 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: | 12 Aug 2013 10:24 |
| Last Modified: | 02 Aug 2023 17:06 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/7987 |
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