This paper establishes that every random utility discrete choice model (RUM) has a representation that can be characterized by a choice-probability generating function (CPGF) with specific properties, and that every function with these specific properties is consistent with a RUM. The choice...

Many models in economics involve probabilistic choices where each decision-maker selects the best alternative from a finite set. Viewing the value of each alternative as a random variable, the analyst is then interested in the choice probabilities, that is, the probability for an alternative to...

Many models in economics involve probabilistic choices where each decision-maker selects the best alternative from a finite set. Viewing the value of each alternative as a random variable, the analyst is then interested in the choice probabilities, that is, the probability for an alternative to...

This paper proposes two generalization of the core and evaluates them on experimental data of assignment games (workers and firms negotiate wages and matching). The generalizations proposed allow for social utility components (e.g. altruism) and random utility components (e.g. logistic...

This paper reports the recent development on the theoretical aspects of the nonlinear pseudo panel, its empirical application on car demand model, and forecast of car ownership level in Great Britain to year 2026.

This study investigates the determinants of food insecurity for both general and farmer households. It is based on Pakistan Social and Living standard Measurement (PSLM) 2007-08 survey conducted by the Federal Bureau of Statistics, Pakistan. After having descriptive analysis of the important...

The purpose of the paper is to present a novel approach of a general airport and access mode choice model. Based on data of the German Air Traveller Survey 2003 with a sample size of about 210.000 passengers interviewed at 21 airports a three-stage nested logit model has been estimated in a...

A review of the literature on the issue of labor market participation and occupational choice, allows us to see that research on this topic turned more on developed countries. In developing countries, including Algeria, the determinants of participation in economic activity and individuals’...

Recent theoretical work has suggested a number of potentially important factors in causing incomplete pass-through of exchange rates to prices, including markup adjustment, local costs and barriers to price adjustment. We empirically analyze the determinants of incomplete passthrough in the coee...

The purpose of this paper is to present a new kind of discrete choice model called "Generalized Neural Logit Model" applied exemplarily to the case of airport and access mode choice. This approach employs neural networks to model the utility function of a discrete choice model and correlations...