The intuition behind income effects of price changes in discrete choice models, and a simple method for measuring the compensating variation
Year of publication: |
2019
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Authors: | Batley, Richard ; Dekker, Thijs |
Published in: |
Environmental & resource economics : the official journal of the European Association of Environmental and Resource Economists. - Dordrecht : Springer, ISSN 0924-6460, ZDB-ID 1121258-5. - Vol. 74.2019, 1, p. 337-366
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Subject: | Consumer surplus | Discrete choice models | Income effects | Discrete-continuous demand | Compensating variation | Diskrete Entscheidung | Discrete choice | Theorie | Theory | Konsumentenrente | Einkommenseffekt | Income effect | Konsumentenverhalten | Consumer behaviour | Zahlungsbereitschaftsanalyse | Willingness to pay | Mikroökonometrie | Microeconometrics | Nutzenfunktion | Utility function |
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