Browsing Eksterne publiseringer / International and Nordic Publications by Journals "Review of Economic Studies"
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Compensating variation and Hicksian choice probabilities in random utility models that are nonlinear in income
(Journal article; Peer reviewed, 2005)In this paper we discuss Hicksian demand and compensating variation in the context of discrete choice. We first derive Hicksian choice probabilities and the distribution of the (random) expenditure function in the general ...