John Harsanyi's contributions to social choice and welfare economics
โ Scribed by John A. Weymark
- Publisher
- Springer
- Year
- 1995
- Tongue
- English
- Weight
- 466 KB
- Volume
- 12
- Category
- Article
- ISSN
- 0176-1714
No coin nor oath required. For personal study only.
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## Abstract Lancsar and Savage argue that current methods of deriving welfare estimates, using discrete choice experiments, are inconsistent with random utility and welfare theory. In this paper I show that this not the case. The general formula proposed by Small and Rosen for estimating welfare, w