Welfare, Benefit and Freedom of Choice

Sven Erlander ()
Additional contact information
Sven Erlander: Linköping University

Chapter Chapter 6 in Cost-Minimizing Choice Behavior in Transportation Planning, 2010, pp 87-108 from Springer

Abstract: Abstract A distinction is made between advantage and achievement. The observed entropy of a sample is used as ameasure of revealed freedom of choice. A measure of welfare (advantage) is obtained by combining negative expected cost (achievement) and entropy (freedom of choice). The measure of welfare (advantage) turns out to be the so called composite cost.

Keywords: Decision Maker; Logit Model; Choice Probability; Welfare Measure; Network User (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-642-11911-8_6

Ordering information: This item can be ordered from
http://www.springer.com/9783642119118

DOI: 10.1007/978-3-642-11911-8_6

Access Statistics for this chapter

More chapters in Advances in Spatial Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().