Some Hicksian and Marshallian consumer's surplus estimates in discrete choice |
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Authors: | Timothy Doe-Kwong Hau |
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Affiliation: | University of California, Davis, CA 95616, USA |
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Abstract: | This note describes the theory and practice of applying the Hicksian approach to cost-benefit analysis to discrete choice models. It illustrates the technique with numerical estimates of Hicksian and Marshallian consumer's surplus measures based on computer simulations using real-world data. |
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