dc.contributor.author | Dagsvik, John K. | |
dc.contributor.author | Karlström, Anders | |
dc.date.accessioned | 2012-03-15T13:44:43Z | |
dc.date.available | 2012-03-15T13:44:43Z | |
dc.date.issued | 2005 | |
dc.identifier.citation | Review of Economic Studies, (2005) 72(1): 57-76 doi:10.1111/0034-6527.00324 | no_NO |
dc.identifier.other | http://dx.doi.org/10.1111/0034-6527.00324 | |
dc.identifier.uri | http://hdl.handle.net/11250/178104 | |
dc.description | This is a pre-copy-editing, author-produced PDF of an article accepted for publication in Review of Economic Studies, following peer review. The definitive publisher-authenticated version [Review of Economic Studies, (2005) 72(1): 57-76 ] is available online at: http://restud.oxfordjournals.org/content/72/1/57.full.pdf+html | no_NO |
dc.description.abstract | 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 case when the utilities are nonlinear in income. We subsequently derive exact and
simple formulae for the expenditure and choice probabilities under price (policy) changes conditional
on the initial utility level. This is of particular interest for welfare measurement because it enables the
researcher to compute the distribution of compensating variation in a simple way.We also derive formulae
for the joint distribution of expenditure, the choice before and after a policy change has been introduced. | no_NO |
dc.language.iso | eng | no_NO |
dc.publisher | Oxford University Press (former published by Wiley-Blackwell) | no_NO |
dc.subject | Hicksian demand | no_NO |
dc.subject | Random utility models | no_NO |
dc.subject | Hicksian choice probabilities | no_NO |
dc.subject | Welfare measurement | no_NO |
dc.subject | Discrete choice theory | no_NO |
dc.title | Compensating variation and Hicksian choice probabilities in random utility models that are nonlinear in income | no_NO |
dc.type | Journal article | no_NO |
dc.type | Peer reviewed | no_NO |
dc.subject.nsi | VDP::Social science: 200::Economics: 210::Economics: 212 | no_NO |
dc.source.pagenumber | 57-76 | no_NO |
dc.source.volume | 72 | no_NO |
dc.source.journal | Review of Economic Studies | no_NO |
dc.source.issue | 1 | no_NO |