Heterogeneity and the nonparametric analysis of consumer choice: conditions for invertibility

Walter Beckert () and Richard Blundell ()

No CWP09/05, CeMMAP working papers from Centre for Microdata Methods and Practice, Institute for Fiscal Studies

Abstract: This paper considers structural nonparametric random utility models for continuous choice variables. It provides suffcient conditions on random preferences to yield reduced- form systems of nonparametric stochastic demand functions that allow global invertibility between demands and random utility components. Invertibility is essential for global identification of structural consumer demand models, for the existence of well-specified probability models of choice and for the nonparametric analysis of revealed stochastic preference.

Keywords: nonparametric random utility model; stochastic demand; global invertibility (search for similar items in EconPapers)
JEL-codes: C14 C31 C51 D1 (search for similar items in EconPapers)
Pages: 16 pp.
Date: 2005-07-27
New Economics Papers: this item is included in nep-dcm
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Heterogeneity and the Non-Parametric Analysis of Consumer Choice: Conditions for Invertibility (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ifs:cemmap:09/05

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