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Randomness in preference orderings, outcomes and attribute tastes: An application to journey time risk
Batley, Richard; Ibáñez, J. Nicolás - In: Journal of choice modelling 5 (2012) 3, pp. 157-175
Within the broad area of probabilistic modelling of individual discrete choice, we develop three strands of discussion. First, we outline a theoretical framework for the modelling of individual discrete choice under risk, distinguishing between three specific sources of randomness; in preference...
Persistent link: https://www.econbiz.de/10011049912
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The intuition behind income effects of price changes in discrete choice models, and a simple method for measuring the compensating variation
Batley, Richard; Dekker, Thijs - In: Environmental & resource economics : the official … 74 (2019) 1, pp. 337-366
Persistent link: https://www.econbiz.de/10012137973