Abstract
This letter deals with the use of discrete choice models for applied welfare analysis. An approximate formula is presented for the marginal willingness to pay for a change in the attributes of any of the discrete alternatives which is simple to calculate and has an intuitive interpretation.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 129-136 |
| Number of pages | 8 |
| Journal | Economics Letters |
| Volume | 13 |
| Issue number | 2-3 |
| DOIs | |
| State | Published - 1983 |
| Externally published | Yes |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics