Single-crossing random utility models

Jose Apesteguia and Miguel Ballester

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: We propose a novel model of stochastic choice: the single-crossing random utility model (SCRUM). This is a random utility model in which the collection of utility functions satis es the single-crossing property. We o er a characterization of SCRUMs based on three easy-to-check properties: Positivity, Monotonicity and Centrality. The identi ed collection of utility functions and associated probabilities is basically unique. We establish a stochastic monotone comparative result for the case of SCRUMs and study several generalizations of SCRUMs.

Keywords: Stochastic Choice; Single-Crossing Property; Random Utility Models; Monotone Comparative Statics. (search for similar items in EconPapers)
JEL-codes: D00 (search for similar items in EconPapers)
Date: 2016-03
New Economics Papers: this item is included in nep-dcm
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Single‐Crossing Random Utility Models (2017)
Working Paper: Single-Crossing Random Utility Models (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:upf:upfgen:1515

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