On substitutability and complementarity in discrete choice models
In this paper, we propose the concepts of substitutability and complementarity in discrete choice models. These concepts concern whether the choice probability of one alternative in a choice model increases or decreases with the utility of another alternative, and they play important roles in captur...
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Institutional Knowledge at Singapore Management University
2018
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sg-smu-ink.lkcsb_research-74982020-06-16T08:21:24Z On substitutability and complementarity in discrete choice models FENG, Guiyun LI, Xiaobo WANG, Zizhuo In this paper, we propose the concepts of substitutability and complementarity in discrete choice models. These concepts concern whether the choice probability of one alternative in a choice model increases or decreases with the utility of another alternative, and they play important roles in capturing certain practical choice patterns, such as the halo effect. We study conditions on discrete choice models that will lead to substitutability and complementarity. We also present ways of constructing choice models that exhibit complementary property. 2018-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/lkcsb_research/6499 info:doi/10.1016/j.orl.2017.11.016 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7498/viewcontent/Substitutability_Complementarity_DCM_sv.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Discrete choice models Substitutability Complementarity Halo effect Random utility model Representative agent model Operations and Supply Chain Management |
| institution |
Singapore Management University |
| building |
SMU Libraries |
| continent |
Asia |
| country |
Singapore Singapore |
| content_provider |
SMU Libraries |
| collection |
InK@SMU |
| language |
English |
| topic |
Discrete choice models Substitutability Complementarity Halo effect Random utility model Representative agent model Operations and Supply Chain Management |
| spellingShingle |
Discrete choice models Substitutability Complementarity Halo effect Random utility model Representative agent model Operations and Supply Chain Management FENG, Guiyun LI, Xiaobo WANG, Zizhuo On substitutability and complementarity in discrete choice models |
| description |
In this paper, we propose the concepts of substitutability and complementarity in discrete choice models. These concepts concern whether the choice probability of one alternative in a choice model increases or decreases with the utility of another alternative, and they play important roles in capturing certain practical choice patterns, such as the halo effect. We study conditions on discrete choice models that will lead to substitutability and complementarity. We also present ways of constructing choice models that exhibit complementary property. |
| format |
text |
| author |
FENG, Guiyun LI, Xiaobo WANG, Zizhuo |
| author_facet |
FENG, Guiyun LI, Xiaobo WANG, Zizhuo |
| author_sort |
FENG, Guiyun |
| title |
On substitutability and complementarity in discrete choice models |
| title_short |
On substitutability and complementarity in discrete choice models |
| title_full |
On substitutability and complementarity in discrete choice models |
| title_fullStr |
On substitutability and complementarity in discrete choice models |
| title_full_unstemmed |
On substitutability and complementarity in discrete choice models |
| title_sort |
on substitutability and complementarity in discrete choice models |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
2018 |
| url |
https://ink.library.smu.edu.sg/lkcsb_research/6499 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7498/viewcontent/Substitutability_Complementarity_DCM_sv.pdf |
| _version_ |
1770575051476697088 |