A simple solution to the problem of independence of irrelevant alternatives in Choo and Siow marriage market model
Federico H. Gutierrez
Economics Letters, 2020, vol. 186, issue C
Abstract:
This paper proposes a simple solution to the independence of irrelevant alternatives (IIA) problem in Choo and Siow (2006b) model, overcoming what is probably the main limitation of this approach. The solution consists of assuming match-specific rather than choice-specific random preferences. The original marriage matching function gets modified by an adjustment factor that improves its empirical properties.
Keywords: Independence of irrelevant alternatives; Marriage markets; Transferable utility (search for similar items in EconPapers)
JEL-codes: J10 J12 J16 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176519303945
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:186:y:2020:i:c:s0165176519303945
DOI: 10.1016/j.econlet.2019.108785
Access Statistics for this article
Economics Letters is currently edited by Economics Letters Editorial Office
More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().