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Incorporating observed choice into the construction of welfare measures from random utility models

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  • von Haefen, Roger H.

Abstract

This paper proposes an approach to welfare measurement with random utility models that, in contrast to traditional approaches, incorporates the implications of an individual's observed choice.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

Volume (Year): 45 (2003)
Issue (Month): 2 (March)
Pages: 145-165

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Handle: RePEc:eee:jeeman:v:45:y:2003:i:2:p:145-165

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Web page: http://www.elsevier.com/locate/inca/622870

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References

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  1. Kling, Catherine L. & Bockstael, Nancy & Hanemann, W. Michael, 1987. "Estimating the Value of Water Quality Improvements in a Recreational Demand Framework," Staff General Research Papers, Iowa State University, Department of Economics 1594, Iowa State University, Department of Economics.
  2. Small, Kenneth A & Rosen, Harvey S, 1981. "Applied Welfare Economics with Discrete Choice Models," Econometrica, Econometric Society, Econometric Society, vol. 49(1), pages 105-30, January.
  3. Chiang, Jeongwen & Lee, Lung-Fei, 1992. "Discrete/continuous models of consumer demand with binding nonnegativity constraints," Journal of Econometrics, Elsevier, Elsevier, vol. 54(1-3), pages 79-93.
  4. Hausman, Jerry A & Wise, David A, 1978. "A Conditional Probit Model for Qualitative Choice: Discrete Decisions Recognizing Interdependence and Heterogeneous Preferences," Econometrica, Econometric Society, Econometric Society, vol. 46(2), pages 403-26, March.
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Citations

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Cited by:
  1. Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics, Elsevier, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761 Elsevier.
  2. Melstrom, Richard & Lupi, Frank, 2012. "Using a Control Function to Resolve the Travel Cost Endogeneity Problem in Recreation Demand Models," MPRA Paper 48036, University Library of Munich, Germany, revised May 2013.
  3. von Haefen, Roger H., 2007. "Empirical strategies for incorporating weak complementarity into consumer demand models," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 54(1), pages 15-31, July.
  4. Delle Site, Paolo & Salucci, Marco Valerio, 2013. "Transition choice probabilities and welfare analysis in random utility models with imperfect before–after correlation," Transportation Research Part B: Methodological, Elsevier, Elsevier, vol. 58(C), pages 215-242.
  5. Cropper, Maureen L. & Isaac, William, 2011. "The Benefits of Achieving the Chesapeake Bay TMDLs (Total Maximum Daily Loads): A Scoping Study," Discussion Papers, Resources For the Future dp-11-31, Resources For the Future.
  6. Egan, Kevin J. & Herriges, Joseph A. & Kling, Catherine L. & Downing, John A., 2004. "Recreation Demand Using Physical Measures Of Water Quality," 2004 Annual meeting, August 1-4, Denver, CO, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 19958, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  7. Daziano, Ricardo A. & Achtnicht, Martin, 2013. "Accounting for uncertainty in willingness to pay for environmental benefits," ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research 13-059, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  8. Bhat, Chandra R., 2008. "The multiple discrete-continuous extreme value (MDCEV) model: Role of utility function parameters, identification considerations, and model extensions," Transportation Research Part B: Methodological, Elsevier, Elsevier, vol. 42(3), pages 274-303, March.
  9. de Jong, Gerard & Daly, Andrew & Pieters, Marits & van der Hoorn, Toon, 2007. "The logsum as an evaluation measure: Review of the literature and new results," Transportation Research Part A: Policy and Practice, Elsevier, Elsevier, vol. 41(9), pages 874-889, November.
  10. De Borger, Bruno & Mayeres, Inge, 2007. "Optimal taxation of car ownership, car use and public transport: Insights derived from a discrete choice numerical optimization model," European Economic Review, Elsevier, Elsevier, vol. 51(5), pages 1177-1204, July.
  11. Kuriyama, Koichi & Michael Hanemann, W. & Hilger, James R., 2010. "A latent segmentation approach to a Kuhn-Tucker model: An application to recreation demand," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 60(3), pages 209-220, November.
  12. Boeri, Marco & Scarpa, Riccardo & Chorus, Caspar G., 2014. "Stated choices and benefit estimates in the context of traffic calming schemes: Utility maximization, regret minimization, or both?," Transportation Research Part A: Policy and Practice, Elsevier, Elsevier, vol. 61(C), pages 121-135.
  13. Sobhani, Anae & Eluru, Naveen & Faghih-Imani, Ahmadreza, 2013. "A latent segmentation based multiple discrete continuous extreme value model," Transportation Research Part B: Methodological, Elsevier, Elsevier, vol. 58(C), pages 154-169.
  14. von Haefen, Roger H. & Phaneuf, Daniel J., 2008. "Identifying demand parameters in the presence of unobservables: A combined revealed and stated preference approach," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 56(1), pages 19-32, July.
  15. von Haefen, Roger H. & Adamowicz, Wiktor L., 2003. "Not Playing The Game: Non-Particpation In Repeated Discrete Choice Models," 2003 Annual meeting, July 27-30, Montreal, Canada, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 22037, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  16. Francisco Javier Amador & Rosa Marina González & Juan de Dios Ortúzar, 2004. "Preference heterogeneity and willingness to pay for travel time," Documentos de trabajo conjunto ULL-ULPGC, Facultad de Ciencias Económicas de la ULPGC 2004-12, Facultad de Ciencias Económicas de la ULPGC.
  17. Cerquera Dussán, Daniel & Ullrich, Hannes, 2010. "Consumer welfare and unobserved heterogeneity in discrete choice models: The value of alpine road tunnels," ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research 10-095, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  18. Egan, Kevin J. & Herriges, Joseph A. & Kling, Catherine L. & Downing, John A., 2004. "Valuing Water Quality As a Functionof Water Quality Measures," Staff General Research Papers, Iowa State University, Department of Economics 12210, Iowa State University, Department of Economics.
  19. Yao, Richard T. & Scarpa, Riccardo & Turner, James A. & Barnard, Tim D. & Rose, John M. & Palma, João H.N. & Harrison, Duncan R., 2014. "Valuing biodiversity enhancement in New Zealand's planted forests: Socioeconomic and spatial determinants of willingness-to-pay," Ecological Economics, Elsevier, Elsevier, vol. 98(C), pages 90-101.
  20. A. de Palma & K. Kilani, 2003. "Compensating Variation for Discrete Choice Models," THEMA Working Papers, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise 2003-02, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
  21. André De Palma & Karim Kilani, 2009. "Transition choice probabilities and welfare in ARUM's," Working Papers, HAL hal-00417493, HAL.

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