Consumer preference changes in the logit demand model

Steven Schmeiser

Applied Economics Letters, 2014, vol. 21, issue 7, 463-465

Abstract: I characterize how changes in consumer preferences for an attribute affect demand in the logit random utility model. The expressions take on simple and intuitive forms. Additionally, the expressions do not depend on observing or estimating the consumer's taste parameters and can be calculated based on knowledge of choice probabilities and product attributes.

Date: 2014
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DOI: 10.1080/13504851.2013.868577

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