Consumer surplus from discrete choice models

DOI10.1006/JEEM.1995.1046MaRDI QIDQ1817078zbMATH OpenOpenAlexFDO

Authors Kenneth E. McConnell

Publication date 1 December 1996

Published in Journal of Environmental Economics and Management (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1006/jeem.1995.1046

zbMATH Keywords

discrete choiceconsumer surplusbudget-constrained random utility model

Mathematics Subject Classification ID

Utility theory (91B16)

Recommendations

• Incorporating observed choice into the construction of welfare measures from random utility models
• Expected consumer's surplus as an approximate welfare measure
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Cited in

(8)

• Obfuscation maximization-based decision-making: theory, methodology and first empirical evidence
• Expected consumer's surplus as an approximate welfare measure
• Consumers' surpluses and consistent cost-benefit tests
• Consumer Substitution Effects under Full Industry Equilibrium
• Transition choice probabilities and welfare analysis in additive random utility models
• The nonparametric approach to applied welfare analysis
• On ordinal utility, cardinal utility and random utility
• Incorporating observed choice into the construction of welfare measures from random utility models

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