Identification in the random utility model

DOI10.1016/J.JET.2022.105489zbMATH Open1500.91068arXiv2102.05570OpenAlexW3128093493MaRDI QIDQ2155255FDOQ2155255

Christopher Turansick

Publication date: 15 July 2022

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

Abstract: The random utility model is known to be unidentified, but there are times when the model admits a unique representation. We offer two characterizations for the existence of a unique random utility representation. Our first characterization puts conditions on a graphical representation of the data set. Non-uniqueness arises when multiple inflows can be assigned to multiple outflows on this graph. Our second characterization provides a direct test for uniqueness given a random utility representation. We also show that the support of a random utility representation is identified if and only if the representation itself is identified.

Full work available at URL: https://arxiv.org/abs/2102.05570

Recommendations

• The random coefficients logit model is identified
• What independent random utility representations are equivalent to the IIA assumption?
• Specification and Identification of Stochastic Demand Models
• Independent random utility representations
• Identification with additively separable heterogeneity

zbMATH Keywords

identificationrandom utilitystochastic choice

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• A representation theorem for finite random scale systems
• A short proof of a theorem of Falmagne.
• How large is the class of generalized extreme value random utility models?
• Title not available (Why is that?)
• Falmagne and the Rationalizability of Stochastic Choices in Terms of Random Orderings
• Random Expected Utility
• An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom
• Nonparametric Analysis of Random Utility Models
• Single-Crossing Random Utility Models
• Disentangling preferences and limited attention: random-utility models with consideration sets
• Dynamic Random Utility
• Nonparametric Analysis of Random Utility Models: Computational Tools for Statistical Testing

Cited In (13)

• Yogurts Choose Consumers? Estimation of Random-Utility Models via Two-Sided Matching
• Set identification in models with multiple equilibria
• Random utility models with ordered types and domains
• Classification methods for random utility models with i.i.d. disturbances under the most probable alternative rule
• Branching-independent random utility model
• Inequalities for random utility models, with applications to ranking and subset choice data
• Correlated choice
• Revealed preference domains from random choice
• Binary single-crossing random utility models
• Identities for maximum, minimum, and maxmin random utility models
• Identification of Product Measures by Random Choice of Marginals
• Title not available (Why is that?)
• Adjacencies on random ordering polytopes and flow polytopes

This page was built for publication: Identification in the random utility model

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2155255)