CONSUMER SURPLUS FROM DISCRETE-CHOICE MODELS

被引：34
|
作者：
MCCONNELL, KE
机构：
[1] Department of Agricultural and Resource Economics, University of Maryland, College Park
来源：
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT | 1995年 / 29卷 / 03期
关键词：
D O I：
10.1006/jeem.1995.1046
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The budget-constrained random utility model (RUM) gives utility-consistent measures of welfare, but requires the length of the planning period be specified. An alternative is to treat the RUM probabilities as;behavioral and calculate consumer surplus. This paper shows that such calculations lead to the same welfare measures as RUM calculations. The paper provides support and an alternative justification for the standard welfare measured. (C) 1995 Academic Press, Inc.
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页码：263 / 270
页数：8
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