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Incorporating observed choice into the construction of welfare measures from random utility models

  • von Haefen, Roger H.

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://www.sciencedirect.com/science/article/B6WJ6-47XWJP4-1/2/c2b711b16b621d4b140307f3cf2d5f11
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Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

Volume (Year): 45 (2003)
Issue (Month): 2 (March)
Pages: 145-165

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Handle: RePEc:eee:jeeman:v:45:y:2003:i:2:p:145-165
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622870

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  1. Harvey S. Rosen & Kenneth A. Small, 1979. "Applied Welfare Economics with Discrete Choice Models," NBER Working Papers 0319, National Bureau of Economic Research, Inc.
  2. 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.
  3. 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.
  4. 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.
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