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dc.contributor.authorDagsvik, John K.
dc.date.accessioned2011-10-09T09:31:12Z
dc.date.available2011-10-09T09:31:12Z
dc.date.issued2001
dc.identifier.issn1892-753x
dc.identifier.urihttp://hdl.handle.net/11250/180297
dc.description.abstractAbstract: In this paper we introduce the notion of random expenditure function and derive the distribution of the expenditure function and corresponding compensated choice probabilities in the general case when the (random) utilities are nonlinear in income. We also derive formulae for expenditure and choice under price (policy) changes conditional on the initial utility level. This is of particular interest for welfare measurement because it enables the researcher to analyze the distribution of Compensating variation. Keywords: Random expenditure function, Compensated choice probabilities, Compensating variation.en_US
dc.language.isoengen_US
dc.publisherStatistics Norwayen_US
dc.relation.ispartofseriesDiscussion Papers;No. 299
dc.subjectØkonometriske modelleren_US
dc.subjectRandom expenditure functionen_US
dc.subjectCompensated choice probabilitiesen_US
dc.subjectJEL classification: C25en_US
dc.subjectJEL classification: D61en_US
dc.titleCompensated variation in random utility modelsen_US
dc.typeWorking paperen_US
dc.subject.nsiVDP::Social science: 200::Economics: 210en_US
dc.subject.nsiVDP::Mathematics and natural science: 400::Mathematics: 410::Statistics: 412en_US
dc.source.pagenumber23 s.en_US


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