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首页> 外文期刊>The Review of Economic Studies >Compensating Variation and Hicksian Choice Probabilities in Random Utility Models that are Nonlinear in Income
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Compensating Variation and Hicksian Choice Probabilities in Random Utility Models that are Nonlinear in Income

机译：在加入非线性的随机公用事业机型中补偿变化和HICKSIAN选择概率

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摘要

In this paper we discuss Hicksian demand and compensating variation in the context of discrete choice.We first derive Hicksian choice probabilities and the distribution of the (random) expenditure function in the general case when the utilities are nonlinear in income.We subsequently derive exact and simple formulae for the expenditure and choice probabilities under price (policy) changes conditional on the initial utility level.This is of particular interest for welfare measurement because it enables the researcher to compute the distribution of compensating variation in a simple way.We also derive formulae for the joint distribution of expenditure,the choice before and after a policy change has been introduced.
机译：在本文中，我们在离散选择的背景下讨论了Hicksian的需求和补偿变化。我们首次推出了Hicksian选择概率以及当公用事业在收入中非线性时的一般情况下的（随机）支出函数的分布。我们随后导出精确和 在初始公用事业级别下的支出和选择概率的简单公式 对于支出的联合分配，介绍了政策变化前后的选择。

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