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Applied welfare economics with discrete choice models: implications of theory for empirical specification

In: Choice Modelling

Author

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  • Richard Batley
  • J. Nicolás Ibá-ez

Abstract

Choice modelling has been one of the most active fields in economics over recent years. This valuable new book contains leading contributions from academics and practitioners from across the different areas of study where choice modelling is a key analytical technique, drawn from a recent international conference.

Suggested Citation

  • Richard Batley & J. Nicolás Ibá-ez, 2013. "Applied welfare economics with discrete choice models: implications of theory for empirical specification," Chapters, in: Stephane Hess & Andrew Daly (ed.), Choice Modelling, chapter 7, pages 144-171, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15006_7
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    References listed on IDEAS

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    1. Hau, Timothy Doe-Kwong, 1985. "A Hicksian Approach to Cost-Benefit Analysis with Discrete-Choice Models," Economica, London School of Economics and Political Science, vol. 52(208), pages 479-490, November.
    2. Johansson,Per-Olov, 1987. "The Economic Theory and Measurement of Environmental Benefits," Cambridge Books, Cambridge University Press, number 9780521348102.
    3. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762.
    4. Stephane Hess & John Polak & Andrew Daly & Geoffrey Hyman, 2007. "Flexible substitution patterns in models of mode and time of day choice: new evidence from the UK and the Netherlands," Transportation, Springer, vol. 34(2), pages 213-238, March.
    5. DeSerpa, A C, 1971. "A Theory of the Economics of Time," Economic Journal, Royal Economic Society, vol. 81(324), pages 828-846, December.
    6. de Jong, Gerard & Daly, Andrew & Pieters, Marits & Vellay, Carine & Bradley, Mark & Hofman, Frank, 2003. "A model for time of day and mode choice using error components logit," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 39(3), pages 245-268, May.
    7. Daniel McFadden, 1975. "The Revealed Preferences of a Government Bureaucracy: Theory," Bell Journal of Economics, The RAND Corporation, vol. 6(2), pages 401-416, Autumn.
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    Citations

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    Cited by:

    1. Stefano Bortolomiol & Virginie Lurkin & Michel Bierlaire, 2022. "Price-based regulation of oligopolistic markets under discrete choice models of demand," Transportation, Springer, vol. 49(5), pages 1441-1463, October.
    2. Hensher, David A., 2019. "Context dependent process heuristics and choice analysis – A note on two interacting themes linked to behavioural realism," Transportation Research Part A: Policy and Practice, Elsevier, vol. 125(C), pages 119-122.
    3. Richard Batley, 2018. "Income effects, cost damping and the value of time: theoretical properties embedded within practical travel choice models," Transportation, Springer, vol. 45(2), pages 623-640, March.
    4. Dekker, Thijs, 2014. "Indifference based value of time measures for Random Regret Minimisation models," Journal of choice modelling, Elsevier, vol. 12(C), pages 10-20.
    5. Batley, Richard & Nicolás Ibáñez, J., 2013. "On the path independence conditions for discrete-continuous demand," Journal of choice modelling, Elsevier, vol. 7(C), pages 13-23.

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