Invariance of conditional maximum utility

DOI10.1016/j.jet.2005.05.010zbMath1142.91446OpenAlexW2079500971MaRDI QIDQ869856

Karim Kilani, André de Palma

Publication date: 9 March 2007

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2005.05.010

zbMATH Keywords

typediscrete choice modelsmultinomial logit modelextreme-value distributionconditional and unconditional distributionmaximum utility

Mathematics Subject Classification ID

Utility theory (91B16) Microeconomic theory (price theory and economic markets) (91B24) Social choice (91B14)

Related Items (2)

Transition choice probabilities and welfare analysis in additive random utility models ⋮ A note on the invariance of the distribution of the maximum

Cites Work

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• Invariance of expected utilities in logit models
• The relationship between Luce's choice axiom, Thurstone's theory of comparative judgment, and the double exponential distribution
• Simulation of multivariate normal rectangle probabilities and their derivatives. Theoretical and computational results
• Specification Tests for the Multinomial Logit Model
• Applied Welfare Economics with Discrete Choice Models
• Automobile Prices in Market Equilibrium

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