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- W1517572780 abstract "The logsum formula, which provides the expected maximum utility for the multinomial logit model, is often used as a measure of welfare. We provide here a closed form formula of the welfare measure of an individual who has not access to his first-best choice, but has access to his rth-best choice, r = 2, ...n, where n is the number of alternatives. The derivation is based on a standard identity in order statistics." @default.
- W1517572780 created "2016-06-24" @default.
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- W1517572780 date "2012-04-23" @default.
- W1517572780 modified "2023-09-27" @default.
- W1517572780 title "Lower-order logsums" @default.
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