Specification and Identification of Stochastic Demand Models

Walter Beckert ()

Econometric Reviews, 2007, vol. 26, issue 6, 669-683

Abstract: This paper is concerned with stochastic demand systems for continuous choices that arise from structural random utility models. It examines under which nonparametric conditions on the structural random utility specification the implied reduced form model is nonsingular and invertible. For parametric members within this class of random utility models, the paper provides conditions for local identification from the reduced form under moment assumptions.

Keywords: Invertibility; Local identification; Random utility; Stochastic demand (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1080/07474930701653719

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