MENU-DEPENDENT STOCHASTIC FEASIBILITY

• 成果类型: Article
• 署名作者: Brady, Richard L.; Rehbeck, John
• 署名单位: University of California System; University of California San Diego
• 刊物名称: ECONOMETRICA
• ISSN/ISSBN: 0012-9682
• DOI: 10.3982/ECTA12694
• 发表日期: 2016
• 页码: 1203-1223
• 关键词: choice

摘要

We examine the role of stochastic feasibility in consumer choice using a random conditional choice set rule (RCCSR) and uniquely characterize the model from conditions on stochastic choice data. Feasibility is modeled to permit correlation in availability of alternatives. This provides a natural way to examine substitutability/complementarity. We show that an RCCSR generalizes the random consideration set rule of Manzini and Mariotti (2014). We then relate this model to existing literature. In particular, an RCCSR is not a random utility model.