Incorporating Observed Choice In The Construction Of Welfare Measures From Random Utility Models
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.Download Info
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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.Length:
Date of creation: 2000
Date of revision:
Handle: RePEc:ags:aaea00:21836
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Related research
Keywords: Institutional and Behavioral Economics; Resource /Energy Economics and Policy;Other versions of this item:
- von Haefen, Roger H., 2003. "Incorporating observed choice into the construction of welfare measures from random utility models," Journal of Environmental Economics and Management, Elsevier, vol. 45(2), pages 145-165, March.
References
References listed on IDEASPlease 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.:
- Harvey S. Rosen & Kenneth A. Small, 1981.
"Applied Welfare Economics with Discrete Choice Models,"
NBER Working Papers
0319, National Bureau of Economic Research, Inc.
- Small, Kenneth A & Rosen, Harvey S, 1981. "Applied Welfare Economics with Discrete Choice Models," Econometrica, Econometric Society, vol. 49(1), pages 105-30, January.
- 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
1594, Iowa State University, Department of Economics.
- Kling, Catherine L. & Bockstael, Nancy & Michael, W., 1999. "Estimating the Value of Water Quality Improvements in a Recreational Demand Framework," Staff General Research Papers 12334, Iowa State University, Department of Economics.
- Chiang, Jeongwen & Lee, Lung-Fei, 1992.
"Discrete/continuous models of consumer demand with binding nonnegativity constraints,"
Journal of Econometrics,
Elsevier, vol. 54(1-3), pages 79-93.
- Chiang, J. & Lee, L-F., 1990. "Discrete/Continuous Models of Consumer Demand with Binding Non-Negativity Constraints," Papers 261, Minnesota - Center for Economic Research.
- J. A. Hausman & D. A. Wise, 1976.
"A Conditional Profit Model for Qualitative Choice: Discrete Decisions Recognizing Interdependence and Heterogeneous Preferences,"
Working papers
173, Massachusetts Institute of Technology (MIT), Department of Economics.
- 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.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- John A. Downing, 2009.
"Valuing Water Quality as a Function of Water Quality Measures,"
American Journal of Agricultural Economics,
Agricultural and Applied Economics Association, vol. 91(1), pages 106-123.
- 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 12210, Iowa State University, Department of Economics.
- 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 2004-12, Facultad de Ciencias Económicas de la ULPGC.
- 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, vol. 41(9), pages 874-889, November.
- 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, vol. 56(1), pages 19-32, July.
- von Haefen, Roger H., 2007. "Empirical strategies for incorporating weak complementarity into consumer demand models," Journal of Environmental Economics and Management, Elsevier, vol. 54(1), pages 15-31, July.
- 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, vol. 60(3), pages 209-220, November.
- Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761 Elsevier.
- 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 22037, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- A. de Palma & K. Kilani, 2003. "Compensating Variation for Discrete Choice Models," THEMA Working Papers 2003-02, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Kevin J. Egan & Joseph A. Herriges & Catherine L. Kling & John A. Downing, 2004.
"Recreation Demand Using Physical Measures of Water Quality,"
Center for Agricultural and Rural Development (CARD) Publications
04-wp372, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- 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 19958, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Cropper, Maureen L. & Isaac, William, 2011. "The Benefits of Achieving the Chesapeake Bay TMDLs (Total Maximum Daily Loads): A Scoping Study," Discussion Papers dp-11-31, Resources For the Future.
- André De Palma & Karim Kilani, 2009. "Transition choice probabilities and welfare in ARUM's," Working Papers hal-00417493, HAL.
- 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, vol. 42(3), pages 274-303, March.
- Cerquera Dussán, Daniel & Ullrich, Hannes, 2010. "Consumer welfare and unobserved heterogeneity in discrete choice models: The value of alpine road tunnels," ZEW Discussion Papers 10-095, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- 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, vol. 51(5), pages 1177-1204, July.
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