Economics at your fingertips  

Generalized entropy models

Mogens Fosgerau and André de Palma ()

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: We formulate a family of direct utility functions for the consumption of a differentiated good. This family is based on a generalization of the Shan-non entropy. It includes dual representations of all additive random utility discrete choice models, as well as models in which goods are complements. Demand models for market shares can be estimated by plain regression, enabling the use of instrumental variables. Models for microdata can be estimated by maximum likelihood.

Keywords: market shares; product differentiation; discrete choice; duality; generalized entropy; C25; L1 (search for similar items in EconPapers)
Date: 2016-03-25
New Economics Papers: this item is included in nep-dcm, nep-tre and nep-upt
Note: View the original document on HAL open archive server:
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
Working Paper: Generalized entropy models (2016) Downloads
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:

Access Statistics for this paper

More papers in Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
Bibliographic data for series maintained by CCSD ().

Page updated 2024-02-06
Handle: RePEc:hal:cesptp:hal-01291347