Journal article

MEASURING WELFARE CHANGES IN BEHAVIOURAL MICROSIMULATION MODELLING: ACCOUNTING FOR THE RANDOM UTILITY COMPONENT

John Creedy, Nicolas Herault, Guyonne Kalb

Journal of Applied Economics | UNIV CEMA | Published : 2011

DOI: 10.1016/S1514-0326(11)60003-2

University of Melbourne Researchers

Guyonne Kalb Author Melbourne Institute of Applied Economic and Social Research

Nicolas Herault Author Melbourne Institute of Applied Economic and Social Research

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5Web of Science

Keywords

Social Sciences

Compensating Variation

Welfare Change Measures

Discrete Choice Models

Business & Economics

Labor Supply Models

Labour Supply Modelling

Nonlinear Budget Constraint

Equivalent Variation