NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Kenneth A. Small

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1986Welfare Effects of Marginal-Cost Taxation of Motor Freight Transportation: A Study of Infrastructure Pricing
with Clifford Winston
in Studies in State and Local Public Finance, Harvey S. Rosen, editor
February 1979Applied Welfare Economics with Discrete Choice Models
with Harvey S. Rosen: w0319
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 very little has been said in general regarding the tools of applied welfare economics indiscrete choice situations. This paper shows how the conventional methods of applied welfare economics can be modified to handle such cases. It focuses on the computation of the excess burden of taxation, and the evaluation of quality change. The results are applied to stochastic utility models, including the popular cases of probit and logit analysis. Throughout, the emphasis is on providing rigorous guidelines for carrying out applied w...

Published: Small, Kenneth A. and Rosen, Harvey A. "Applied Welfare Economics with Discrete Choice Models." Econometrica, Vol. 49, No. 1, (January 1981), pp. 105- 130. citation courtesy of

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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