General Luce model

B-Tier
Journal: Economic Theory
Year: 2019
Volume: 68
Issue: 4
Pages: 811-826

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract We extend the Luce model of discrete choice theory to satisfactorily handle zero-probability choices. The Luce mode struggles to explain choices that are not made. The model requires that if an alternative y is never chosen when x is available, then there is no set of alternatives from which y is chosen with positive probability. In our model, if an alternative y is never chosen when x is available, then we infer that y is dominated by x. While dominated by x, y may still be chosen with positive probability, when grouped with a comparable set of alternatives.

Technical Details

RePEc Handle
repec:spr:joecth:v:68:y:2019:i:4:d:10.1007_s00199-018-1145-5
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25