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Using results from Convex Analysis, we investigate a novel approach to identification and estimation of discrete-choice models that we call the mass transport approach . We show that the conditional choice probabilities and the choice-specific payoffs in these models are related in the sense of...
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The problem of demand inversion -- a crucial step in the estimation of randomutility discrete-choice models -- is equivalent to the determination of stable outcomes intwo-sided matching models. This equivalence applies to random utility models that are notnecessarily additive, smooth, nor even...
Persistent link: https://www.econbiz.de/10012854571
Using results from convex analysis, we investigate a novel approach to identification and estimation of discrete choice models which we call the “Mass Transport Approach” (MTA). We show that the conditional choice probabilities and the choice specific payoffs in these models are related in...
Persistent link: https://www.econbiz.de/10013002752