The Intuition Behind Income Effects of Price Changes in Discrete Choice Models, and a Simple Method for Measuring the Compensating Variation
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DOI: 10.1007/s10640-019-00321-2
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- Wuyang Hu & Shan Sun & Jerrod Penn & Ping Qing, 2022. "Dummy and effects coding variables in discrete choice analysis," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(5), pages 1770-1788, October.
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Keywords
Consumer surplus; Discrete choice models; Income effects; Discrete–continuous demand; Compensating variation;All these keywords.
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