Search Results - subject:"Before–after correlation"

THE IMPACT OF THE BEFORE-AFTER ERROR TERM CORRELATION ON WELFARE MEASUREMENT IN LOGIT

Site, Paolo Delle; Salucci, Marco Valerio - Centro di Ricerca sull'Economia delle Istituzioni … - 2012

property that in the case without income effect the logsum formula holds for any assumption on the before-after correlation. We … variation with the assumption on the before-after correlation increases with the size of the income effect. … between the state before the price and quality change and the state after. We investigate the impact of the before-after …

Persistent link: https://www.econbiz.de/10010554877

Transition choice probabilities and welfare analysis in random utility models with imperfect before–after correlation

Delle Site, Paolo; Salucci, Marco Valerio - In: Transportation Research Part B: Methodological 58 (2013) C, pp. 215-242

Welfare in random utility models is used to be analysed on the basis of only the expectation of the compensating variation. De Palma and Kilani (De Palma, A., Kilani, K., 2011. Transition choice probabilities and welfare analysis in additive random utility models. Economic Theory 46(3),...

Persistent link: https://www.econbiz.de/10010730392