Welfare measurement with income-dependent discrete choice

•The expectation of the compensating variation is standard for measuring welfare with discrete choice.•The expectation of the equivalent variation is equally founded theoretically.•One-dimensional integrals provide both measures. The expectation of the random compensating variation is the welfare ch...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Economics letters 2024-12, Vol.245, p.112051, Article 112051
Hauptverfasser:	Delle Site, P., Kilani, K.
Format:	Artikel
Sprache:	eng
Schlagworte:	Compensating variation Discrete choice Equivalent variation Quantitative Finance Random utility Welfare
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!