DISCRETE CHOICE MODELS

@inproceedings{Small1981DISCRETECM,
  title={DISCRETE CHOICE MODELS},
  author={Kenneth Alan Small and Harvey S. Rosen},
  year={1981}
}
Economists have been paying increasing attention to the study of situations in which consumers face a discrete rather than a continuous set of choices. Such models are potentially very important in evaluating the impact of government programs upon consumer welfare. But little has been said in general regarding the tools of applied welfare economics in discrete choice situations. This paper shows how the conventional methods of applied welfare economics can be modified to handle such cases. It… CONTINUE READING

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