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Type: Journal Articles Authors: Walter Beckert and Richard Blundell
Published in: Review of Economic Studies
Volume, issue, pages: Vol. 75, No. 4, pp. 1069-1080
This paper considers structural nonparametric random utility models for continuous choice variables. It provides suffcient conditions on random preferences to yield reduced- form systems of nonparametric stochastic demand functions that allow global invertibility between demands and random utility components. Invertibility is essential for global identification of structural consumer demand models, for the existence of well-specified probability models of choice and for the nonparametric analysis of revealed stochastic preference.
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