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Incorporating Observed Choice In 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.

Suggested Citation

  • von Haefen, Roger H., 2000. "Incorporating Observed Choice In The Construction Of Welfare Measures From Random Utility Models," 2000 Annual meeting, July 30-August 2, Tampa, FL 21836, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea00:21836
    DOI: 10.22004/ag.econ.21836
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