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Incorporating Observed Choice In The Construction Of Welfare Measures From Random Utility Models

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Author Info
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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File URL: http://purl.umn.edu/21836
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Publisher Info
Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2000 Annual meeting, July 30-August 2, Tampa, FL with number 21836.

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Date of creation: 2000
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Handle: RePEc:ags:aaea00:21836

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Related research
Keywords: Institutional and Behavioral Economics; Resource /Energy Economics and Policy;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Chiang, J. & Lee, L-F., 1990. "Discrete/Continuous Models of Consumer Demand with Binding Non-Negativity Constraints," Papers 261, Minnesota - Center for Economic Research.
    Other versions:
  2. Harvey S. Rosen & Kenneth A. Small, 1981. "Applied Welfare Economics with Discrete Choice Models," NBER Working Papers 0319, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Hausman, Jerry A & Wise, David A, 1978. "A Conditional Probit Model for Qualitative Choice: Discrete Decisions Recognizing Interdependence and Heterogeneous Preferences," Econometrica, Econometric Society, vol. 46(2), pages 403-26, March. [Downloadable!] (restricted)
    Other versions:
  4. Kling, Catherine L. & Bockstael, Nancy & Michael, W., 2005. "Estimating the Value of Water Quality Improvements in a Recreational Demand Framework," Staff General Research Papers 12334, Iowa State University, Department of Economics.
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This page was last updated on 2009-12-11.

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