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When Can a Demand System Be Described by a Multinomial Logit with Income Effect?
Thisse J., Ushchev P.
We show that a wide class of demand systems for differentiated products, such as
those generated by additive preferences, indirectly additive preferences, and Kimball-like
homothetic preferences, can be given a multinomial logit foundation provided that the
conditional indirect utility of a product is nonlinear and varies with the whole price array.
Matveenko A., Mikhalishchev S., Journal of Economic Theory 2021
Added: January 12, 2026
Parenti M., Ushchev P., Thisse J., Journal of Economic Theory 2017 Vol. 167 No. 1 P. 86–115
We propose a general model of monopolistic competition, which encompasses existing models while being flexible enough to take into account new demand and competition features. Even though preferences need not be additive and/or homothetic, the market outcome is still driven by the sole variable elasticity of substitution. We impose elementary conditions on this function to ...
Added: January 14, 2017
Milovantseva, N., Saphores, J. -., Journal of Environmental Management 2013 No. 124 P. 8–16
To deal with the inadequate disposal of e-waste, many states have instituted bans on its disposal in municipal landfills. However, the effectiveness of e-waste bans does not seem to have been analyzed yet. This paper starts addressing this gap. Using data from a survey of U.S. households, we estimate multivariate logit models to explain past ...
Added: September 1, 2016
Parenti M., Ushchev P., Thisse J., / NRU Higher School of Economics. Series WP BRP "Economics/EC". 2016. No. WP BRP 121/EC/2016.
We propose a general model of monopolistic competition which encompasses existing models while being flexible enough to take into account new demand and competition features. Even though preferences need not be additive and/or homothetic, the market outcome is still driven by the sole variable elasticity of substitution. We impose elementary conditions on this function to ...
Added: January 25, 2016
Novikova O. V., Серёткина М. А., Маркетинг и маркетинговые исследования 2016 № 4
Данное исследование представляет собой пример использования модели дискретного выбора для анализа спроса. Так, на основе данных о продажах одного магазина российского ретейлера было изучено каким образом информация, размещаемая на упаковке, влияет на выбор фруктового пюре для детского питания. Согласно результатам, наличие в составе крахмала уменьшает вероятность выбора альтернативы, в то время как маркировка об отсутствии ...
Added: October 20, 2015
Parenti M., Ushchev P., Thisse J., / Series ISSN 0265-8003 "Centre for Economic Policy Research Discussion Paper Series". 2014. No. DP10014.
We propose a general model of monopolistic competition, which encompasses existing models while being exible enough to take into account new demand and competition features. The basic tool we use to study the market outcome is the elasticity of substitution at a symmetric consumption pattern, which depends on both the per capita consumption and the ...
Added: August 9, 2014
Yurko A., / NRU Higher School of Economics. Series WP9 "Исследования по экономике и финансам". 2011. No. 01.
This paper studies the relationship between consumer incomes and ages of the durable goods consumed. At the household level, it presents evidence from the Consumer Expenditure Survey of a negative correlation between incomes and ages of the vehicles owned, controlling for the size of the vehicle stock. At the aggregate level, it constructs a dynamic, ...
Added: March 18, 2013
Peresetsky A., / Series "MPRA Paper". 2011. No. 41507.
The binary and multinomial logit models are applied for prediction of the Russian banks defaults (license withdrawals) using data from bank balance sheets and macroeconomic indicators. Significantly different models correspond to the two main grounds for license withdrawal: financial insolvency and money laundering. Analysis of data for the period 2005.2–2008.4 for accurate prediction of a ...
Added: March 16, 2013
Zhelobodko E., Kokovin S. G., Parenti M. et al., Econometrica 2012 Vol. 80 No. 6 P. 2765–2784
We propose a model of monopolistic competition with additive preferences and variable marginal costs. Using the concept of "relative love for variety," we provide a full characterization of the free-entry equilibrium. When the relative love for variety increases with individual consumption, the market generates pro-competitive effects. When it decreases, the market mimics anti-competitive behavior. The ...
Added: February 5, 2013