Welfare measurement and representative consumer theory

DOI10.1016/S0165-1765(97)81881-2zbMath0905.90041MaRDI QIDQ1127379

V. Kerry Smith, Roger H. von Haefen

Publication date: 13 August 1998

Published in: Economics Letters (Search for Journal in Brave)

zbMATH Keywords

aggregationwillingness to payrandom utilityRUM

Mathematics Subject Classification ID

Utility theory (91B16) Consumer behavior, demand theory (91B42)

Cites Work

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• The nested logit model and representative consumer theory
• The CES is a discrete choice model?
• A demand theory for number of trips in a random utility model of recreation
• What is consumer's surplus \textit{per day of use}, when is it a constant independent of the number of days of use, and what does it tell us about consumer's surplus?

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