All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC

Paolo Delle Site
''On the expenditure function and welfare in random utility models''
( 2014, Vol. 34 No.1 )
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.
Keywords: discrete choice, random utility, random expenditure, random compensating variation
JEL: D1 - Household Behavior: General
D6 - Welfare Economics: General
Manuscript Received : Jul 17 2013 Manuscript Accepted : Jan 30 2014

  This abstract has been downloaded 1436 times                The Full PDF of this paper has been downloaded 154655 times