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

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  • 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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  • 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.
    • Handle: RePEc:eee:jeeman:v:45:y:2003:i:2:p:145-165
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