Estimating multinomial choice models with unobserved choice sets
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Econometrics"
DOI: 10.1016/j.jeconom.2021.06.004
Abstract: Abstract This paper proposes a new approach to estimating multinomial choice models when each consumer’s actual choice set is unobservable but could be bounded by two known sets, i.e., the largest and smallest possible choice… read more here.
Keywords: multinomial choice; choice models; models unobserved; choice sets ... See more keywords
Multinomial Choice with Social Interactions: Occupations in Victorian London
Sign Up to like & getrecommendations! Published in 2020 at "Review of Economics and Statistics"
DOI: 10.1162/rest_a_00979
Abstract: We study the importance of social interactions on the occupational choice in Victorian London using a multinomial choice model within an incomplete social network. Individuals form heterogeneous rational expectations about their peers' behaviors taking into… read more here.
Keywords: interactions occupations; multinomial choice; social interactions; victorian london ... See more keywords