Discrete Choice Models with Multiple Unobserved Choice Characteristics

@article{Athey2006DiscreteCM,
  title={Discrete Choice Models with Multiple Unobserved Choice Characteristics},
  author={Susan Athey and Guido Imbens},
  journal={Wiley-Blackwell: International Economic Review},
  year={2006}
}
  • S. Athey, G. Imbens
  • Published 2006
  • Economics
  • Wiley-Blackwell: International Economic Review
Since the pioneering work by Daniel McFadden, utility-maximization-based multinomial response models have become important tools of empirical researchers. Various generalizations of these models have been developed to allow for unobserved heterogeneity in taste parameters and choice characteristics. Here we investigate how rich a specification of the unobserved components is needed to rationalize arbitrary choice patterns in settings with many individual decision makers, multiple markets, and… Expand
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