How McFadden met Rockafellar and learned to do more with less

B-Tier
Journal: Journal of Mathematical Economics
Year: 2022
Volume: 100
Issue: C

Authors (2)

Sørensen, Jesper R.-V. (not in RePEc) Fosgerau, Mogens (Københavns Universitet)

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

We exploit the power of convex analysis to synthesize and extend a range of important results concerning the additive random utility model of discrete choice. With no restrictions on the joint distribution of random utility components or the functional form of systematic utility components, we formulate general versions of the Williams–Daly–Zachary theorem for demand and the Hotz–Miller demand inversion theorem. Based on these theorems, we provide necessary and sufficient conditions for demand and its inverse to reduce to functions. These conditions jointly imply that demand is a continuous function with a continuous inverse.

Technical Details

RePEc Handle
repec:eee:mateco:v:100:y:2022:i:c:s0304406821001737
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25