Anderson, Simon Peter; de Palma, Andre; Thisse, … - In: International Economic Review 29 (1988) 3, pp. 461-66
The log it model is usually derived from a discrete choice approach with stoc hastic utilities. It is shown here that the logit demand system may also be derived from the maximization of a deterministic, entropy-type utility. The latter may be interpreted as the preference function of a...