Welfare measurement with income-dependent discrete choice

IF 2.1 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2024-11-02 DOI:10.1016/j.econlet.2024.112051

P. Delle Site , K. Kilani

引用次数: 0

Abstract

The expectation of the random compensating variation is the welfare change measure that is used in discrete choice models. The expectation of the equivalent variation is equally founded theoretically. When choices are income independent and income enters utilities linearly, the two measures are identical. The case of income-dependent choices remains an area for exploration. The paper provides the equivalent variation counterparts of the formulas that are available for the expectation of the compensating variation.

查看原文本刊更多论文

依赖收入的离散选择的福利衡量

随机补偿变化的期望值是离散选择模型中使用的福利变化指标。等效变化的期望值同样具有理论依据。当选择与收入无关且收入与效用呈线性关系时，这两种衡量方法是相同的。收入依赖选择的情况仍是一个有待探索的领域。本文提供了补偿变化期望公式的等效变化对应公式。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.