UCL logo

UCL Discovery

UCL home » Library Services » Electronic resources » UCL Discovery

Heterogeneity and the nonparametric analysis of consumer choice: conditions for invertibility

Beckert, W.; Blundell, R.; (2008) Heterogeneity and the nonparametric analysis of consumer choice: conditions for invertibility. Review of Economic Studies , 75 (4) pp. 1069-1080. 10.1111/j.1467-937X.2008.00500.x.

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.

Type: Article
Title: Heterogeneity and the nonparametric analysis of consumer choice: conditions for invertibility
DOI: 10.1111/j.1467-937X.2008.00500.x
Publisher version: http://dx.doi.org/10.1111/j.1467-937X.2008.00500.x
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/15893
Downloads since deposit
0Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item