Generalized extreme value model and additively separable generator function

被引:14
作者
Choi, KH
Moon, CG
机构
[1] KOREA ENERGY ECON INST,KYONGGI DO 437082,SOUTH KOREA
[2] HANYANG UNIV,DEPT ECON,SEOUL 133791,SOUTH KOREA
关键词
generalized extreme value model; nested multinomial logit model; expected maximum utility; inclusive value; consumer's surplus;
D O I
10.1016/0304-4076(95)01785-2
中图分类号
F [经济];
学科分类号
02 ;
摘要
We present the distribution of the maximum random utility in the GEV model and that of the maximum random utilities within the separable subsets in the GEV model with an additively separable generator function. We then formulate the inclusive value of the entire choice set in the GEV model and that of a separable subset of alternatives in the GEV model with an additively separable generator function and relate them to the consumer's surplus.
引用
收藏
页码:129 / 140
页数:12
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