Nonparametric Counterfactuals in Random Utility Models

Published 22 Feb 2019 in econ.EM | (1902.08350v2)

Abstract: We bound features of counterfactual choices in the nonparametric random utility model of demand, i.e. if observable choices are repeated cross-sections and one allows for unrestricted, unobserved heterogeneity. In this setting, tight bounds are developed on counterfactual discrete choice probabilities and on the expectation and c.d.f. of (functionals of) counterfactual stochastic demand.

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