Applied Welfare Economics with Discrete Choice Models
نویسندگان
چکیده
منابع مشابه
Welfare Economics and Public Choice
Welfare economics provides the basis for judging the achievements of markets and policy makers in allocating resources. Its most powerful conceptual tool is the utility possibility frontier. This defines the set of utility allocations that can be achieved in a society subject to the constraints of tastes and technologies. Any allocation on the frontier cannot be Pareto dominated and hence would...
متن کاملtheoretical models in welfare economics
the present essay intend to intoduce some vital established economic models of social welfare as welfare criticize and evaluate their capability and their explicative nature . the cotent is totally theoretical and therefore the evaluation will be done through hypothetical and abstract values and criteria . particularly the essay tries to go beyond exact socio - economic welfare models and to fi...
متن کاملWell-Being in Applied Welfare Economics
This article investigates the properties, good and bad, of social evaluations based on four money measures of well-being or changes in well-being: compensating variations, money metrics, extended money metrics, and welfare ratios. Consistency of social rankings (transitivity, asymmetry of preference), the possibility of incorporating inequality aversion, independence of the choice of reference ...
متن کاملWelfare calculations in discrete choice models when anticipated and experienced attributes differ_ A guide with examples
The attributes that consumers anticipate or expect when choosing among alternatives (i.e., prior to consumption) often differ from the attributes that they actually experience when consuming their chosen alternative. This paper describes, and illustrates with several examples, the calculation of consumer surplus in this situation and the loss in consumer surplus due to the imperfect foreknowled...
متن کاملSocial Discrete Choice Models
Human decision making underlies data generating process in multiple application areas, and models explaining and predicting choices made by individuals are in high demand. Discrete choice models are widely studied in economics and computational social sciences. As digital social networking facilitates information flow and spread of influence between individuals, new advances in modeling are nee...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Econometrica
سال: 1981
ISSN: 0012-9682
DOI: 10.2307/1911129