STOCHASTIC EQUILIBRIUM CONCEPTS IN ADDITIVE RANDOM UTILITY MODELS

Erik Anders Eriksson and Per Olov Lindberg

Papers in Regional Science, 1989, vol. 66, issue 1, 123-130

Abstract: ABSTRACT This paper deals with markets where inherently discrete goods are offered, for example, housing, work‐places or modes of transportation, Consumer choice behaviour may be modelled by the additive random utility, or the generalised Thurstone, model. In this setting we discuss the usefulness and analytical tractability (existence and uniqueness) of some types of stochastic equilibrium.

Date: 1989
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https://doi.org/10.1111/j.1435-5597.1989.tb01175.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:66:y:1989:i:1:p:123-130

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