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INCORPORATING OBSERVED CHOICE IN THE CONSTRUCTION OF WELFARE MEASURES FROM RANDOM UTILITY MODELS

Roger von Haefen

No 21836, 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

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.

Keywords: Institutional and Behavioral Economics; Resource /Energy Economics and Policy (search for similar items in EconPapers)
Pages: 25
Date: 2000
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http://ageconsearch.umn.edu/record/21836/files/sp00vo01.pdf (application/pdf)

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Journal Article: Incorporating observed choice into the construction of welfare measures from random utility models (2003) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea00:21836

DOI: 10.22004/ag.econ.21836

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