utility models. We first derive expressions for the transition choice probabilities associated to these changes. A closed … compensating variation and the transition choice probabilities. We compute the compensating variation for a simple binary linear in … conditional moments of the compensating variation are obtained as a one-dimensional integral of the transition choice …

additive random utility models, we derive expressions for the transition choice probabilities for a change in the systematic … transition choice probabilities. We also provide a stochastic version of Shephard’s Lemma when transitions are observed. Example …