Computation of the compensating variation within a random utility model using GAUSS software
AbstractIn this paper we describe a software instrument, implemented with GAUSS, to evaluate a tax reform in terms of change in household welfare, and in particular in term of Compensating Variation (CV), within a random utility model. The program flow and the program list with comments are supplied.
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Bibliographic InfoPaper provided by CHILD - Centre for Household, Income, Labour and Demographic economics - ITALY in its series CHILD Working Papers with number wp02_06.
Length: 32 pages
Date of creation: Jan 2006
Date of revision:
Compensating variation; computing welfare change; GAUSS application; tax system evaluation;
Find related papers by JEL classification:
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-04-01 (All new papers)
- NEP-CMP-2006-04-01 (Computational Economics)
- NEP-ICT-2006-04-01 (Information & Communication Technologies)
- NEP-UPT-2006-04-01 (Utility Models & Prospect Theory)
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