Marginal welfare measures for discrete choice models

Research output: Contribution to journalArticle

24 Scopus citations

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 languageEnglish (US)
Pages (from-to)129-136
Number of pages8
JournalEconomics Letters
Volume13
Issue number2-3
DOIs
StatePublished - 1983
Externally publishedYes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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