Incorporating observed choice into the construction of welfare measures from random utility models
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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- Harvey S. Rosen & Kenneth A. Small, 1979.
"Applied Welfare Economics with Discrete Choice Models,"
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0319, National Bureau of Economic Research, Inc.
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"Discrete/continuous models of consumer demand with binding nonnegativity constraints,"
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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.
- 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.
- J. A. Hausman & D. A. Wise, 1976.
"A Conditional Profit Model for Qualitative Choice: Discrete Decisions Recognizing Interdependence and Heterogeneous Preferences,"
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.
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