Marginal welfare measures for discrete choice models

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33 Scopus citations


This letter deals with the use of discrete choice models for applied welfare analysis. An approximate formula is presented for the marginal willingness to pay for a change in the attributes of any of the discrete alternatives which is simple to calculate and has an intuitive interpretation.

Original languageEnglish (US)
Pages (from-to)129-136
Number of pages8
JournalEconomics Letters
Issue number2-3
StatePublished - 1983
Externally publishedYes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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