Discrete Choice

نویسنده

  • J. R. Walker
چکیده

Classical consumer theory assumes that products are infinitely divisible and consumers may purchase fractional quantities as dictated by their preferences and budget sets. However,for many goods and services individuals purchase only a few and sometimes at most one. Thus classical models of discrete choice in economics were developed to extend consumer choice theory to model demand of discrete goods.

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تاریخ انتشار 2013