On the expenditure function and welfare in random utility models

We extend the results on the cumulative distribution function and the expectation of the expenditure function in additive random utility models to cases of imperfect before-after correlation of the random terms, expenditure unrestricted in sign, and changing choice set. The results are of practical interest for welfare analysis.

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Year of publication:	2014-01-30
Authors:	Site, Paolo Delle
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 34.2014, 1, p. 152-163
Publisher:	AccessEcon
Subject:	discrete choice \| random utility \| random expenditure \| random compensating variation

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Extent:	application/pdf
Type of publication:	Article
Classification:	D1 - Household Behavior and Family Economics ; D6 - Welfare Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010836102