Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/90799
Authors: 
Dagsvik, J.K.
Year of Publication: 
1998
Series/Report no.: 
Memorandum, Department of Economics, University of Oslo 11/1998
Abstract: 
This paper proposes a particular behavioral assumption to characterize the stochastic structure of intertemporal discrete choice models in the absence of state dependence. This assumption extends Luce's axiom; Independence from Irrelevant Alternatives, to the intertemporal context. Under certain regularity conditions the implication of this assumption is that the individual choice process is a Markov chain with transition probabilities that have a particularly simple structure.
Subjects: 
models
JEL: 
C10
Document Type: 
Working Paper

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