Transition choice probabilities and welfare analysis in additive random utility models

DOI10.1007/S00199-009-0513-6MaRDI QIDQ2431096zbMATH OpenOpenAlexFDO

Authors André de Palma, Karim Kilani

Publication date 8 April 2011

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-009-0513-6

zbMATH Keywords

logitrandom utility modelscompensating variationCESShephard's lemmalogsumtransition choice probabilities

Mathematics Subject Classification ID

Utility theory (91B16) Stochastic models in economics (91B70) Welfare economics (91B15)

Recommendations

• Compensating Variation and Hicksian Choice Probabilities in Random Utility Models that are Nonlinear in Income
• Nonparametric welfare analysis for discrete choice
• Integration of choice probabilities in logit
• Incorporating observed choice into the construction of welfare measures from random utility models
• Consumer surplus from discrete choice models

Cites work

• scientific article; zbMATH DE number 858900 (Why is no real title available?)
• Applied Welfare Economics with Discrete Choice Models
• Compensating Variation and Hicksian Choice Probabilities in Random Utility Models that are Nonlinear in Income
• Discrete Choice Methods with Simulation
• Dynamic discrete choice structural models: a survey
• Incorporating observed choice into the construction of welfare measures from random utility models
• Invariance of conditional maximum utility
• Revealed stochastic preference: a synthesis
• Switching in the logit

Cited in

(12)

• Econometric effects of utility order-preserving transformations in discrete choice models
• Empirical welfare analysis for discrete choice: some general results
• Nonparametric welfare analysis for discrete choice
• A concept of stochastic transitivity for the random utility model
• On the equivalence between SUE and fixed-point states of day-to-day assignment processes with serially-correlated route choice
• Welfare, freedom of choice and composite utility in the logit model
• Analytical prediction of transition probabilities in the conditional logit model
• Incorporating observed choice into the construction of welfare measures from random utility models
• Integration of choice probabilities in logit
• Transition choice probabilities in logit
• A quantitative theory of preferences: Some results on transition functions
• Compensating Variation and Hicksian Choice Probabilities in Random Utility Models that are Nonlinear in Income

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