Which demand systems can be generated by discrete choice?

Armstrong, Mark and Vickers, John (2015): Which demand systems can be generated by discrete choice?

Abstract

We provide a simple necessary and sufficient condition for when a multiproduct demand system can be generated from a discrete choice model with unit demands.

• Item Type: MPRA Paper
• Language: English
• Keywords: Discrete choice, unit demand, multiproduct demand functions, demand theory
• Subjects: D - Microeconomics > D0 - General; D - Microeconomics > D1 - Household Behavior and Family Economics > D11 - Consumer Economics: Theory; L - Industrial Organization > L0 - General

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