Welfare, freedom of choice and composite utility in the logit model

DOI10.1007/S00355-004-0313-7MaRDI QIDQ2575416zbMATH OpenOpenAlexFDO

Authors Sven Erlander

Publication date 9 December 2005

Published in Social Choice and Welfare (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00355-004-0313-7

Mathematics Subject Classification ID

Decision theory (91B06) Social choice (91B14)

Recommendations

• Integration of choice probabilities in logit
• Incorporating observed choice into the construction of welfare measures from random utility models
• Efficiency and the logit model
• Transition choice probabilities and welfare analysis in additive random utility models
• Freedom of choice and expected compromise

Cited in

(3)

• Convergence theorems of willingness-to-pay and willingness-to-accept for nonmarket goods
• Integration of choice probabilities in logit
• Probabilistic choice (models) as a result of balancing multiple goals

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