Contributions to Economic Analysis - Consumer Durable Choice and the Demand for Electricity
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Conditional moments in the generalized extreme value family1 1In the course of the exposition, several theorems related to the independent form of the generalized extreme value family, i.e., the multinomial logit model, are derived. Specifically, Corollary B.2.2 and Theorems B.3.3, B.4.1, B.4.2 and, B.4.3, which present the conditional moments for the multinomial logit model, are stated in Dubin and McFadden (1984). It should be further noted that Theorems B.3.3, B.4.1, and B.4.2 have been independently demonstrated by Hay (1980).