IMA Journal of Management Mathematics Advance Access originally published online on May 13, 2008
IMA Journal of Management Mathematics 2008 19(3):269-274; doi:10.1093/imaman/dpn006
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A utility model for multi-category baskets

School of Mathematics, University of Manchester, Manchester M13 9PL, UK
Email: saralees.nadarajah{at}manchester.ac.uk
Received on 22 February 2007. Accepted on 27 March 2008.
An exact expression for the consumer's utility has not been known when a multi-category basket is assumed. This technical note derives an exact and explicit expression. consumer's utility; Gumbel distribution; multi-category basket; sums of random variables.
Keywords: consumer's utility; Gumbel distribution; multi-category basket; sums of random variables