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Heterogeneity and the Non-Parametric Analysis of Consumer Choice: Conditions for Invertibility.

This paper considers structural non-parametric random utility models for continuous choice variables with unobserved heterogeneity. We provide sufficient conditions on random preferences to yield reduced-form systems of non-parametric stochastic demand functions that allow global invertibility betwe...

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Published in:Review of Economic Studies Vol. 75; no. 4; pp. 1069 - 1081
Main Authors: Beckert, Walter, Blundell, Richard
Format: Article
Published: Oxford University Press / UK October 2008
Subjects:
Consumer preferences
Mathematical models
Nonparametric statistics
Utility theory
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