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