Nonlinear income effects in random utility models

Article Abstract:

The importance of nonlinear income effects in random utility models was studied. The models were used to examine mode choice among California anglers and to compare the available approaches for computing welfare changes when nonlinear income effects exist. Findings showed that there are more differences in the point estimates of welfare due to changes in assumed error distribution than there are due to the introduction of nonlinear income effects. The welfare estimates were not different from the simpler linear and representative-consumer approximations.

Commercial Fishing, Fishing, Social Security,Welfare Svcs Expend, Personal Income, Research, Fishes, Fishing (Recreation), Income, Marginal utility

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Social welfare of alternative controlled-price policies

Article Abstract:

An analysis describing relations between social welfare and price policy selection is presented. The analysis focuses on the application of a social welfare function and a weighted average of utilitarian and leximin rules in determining optimal producer prices. This application assumes that government dictates prices and agents are risk averse. It is shown that such price setting conditions in low-medium to medium range allows social optimization given average egalitarian choices.

Pricing

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The demand for welfare generosity

Article Abstract:

A study estimated economic models of the determinants of state benefit levels in the Aid to Families with Dependent Children program using 1969-1992 data. Results revealed that changes in the average level of income within states have small but significant effects on benefits. While the effective price increases generated as a direct result of block granting will be huge, the very small price estimates imply that benefit reductions in most states will be relatively modest.

SOCIAL SERVICES, Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Income Security, Domestic economic assistance, Child welfare, United States. Office of Family Assistance. Aid to Families with Dependent Children Program

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