Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/63208 
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dc.contributor.authorDagsvik, John K.en
dc.contributor.authorStrøm, Steinaren
dc.contributor.authorJia, Zhiyangen
dc.date.accessioned2012-09-20T13:17:56Z-
dc.date.available2012-09-20T13:17:56Z-
dc.date.issued2003-
dc.identifier.urihttp://hdl.handle.net/10419/63208-
dc.description.abstractIn this paper we propose a particular approach to measuring utility of income. To this end we develop a theoretical framework that restricts the class of admissible functional forms and distributions of the random components of the model. The theoretical approach is based on ideas and principles that are used in modern psychophysical research and theories of probabilistic choice.The empirical part of the paper is based on “Stated Preference” data (SPD). In the present context this means that individuals participating in a laboratory type of experiments are asked to rank order a set of hypothetical alternatives presented.en
dc.language.isoengen
dc.publisher|aUniversity of Oslo, Department of Economics |cOsloen
dc.relation.ispartofseries|aMemorandum |x2003,32en
dc.subject.jelB21en
dc.subject.jelD19en
dc.subject.ddc330en
dc.subject.keywordUtility of incomeen
dc.subject.keywordRandom utilityen
dc.subject.keywordInvariance principlesen
dc.subject.stwNutzenen
dc.subject.stwEinkommenen
dc.subject.stwRandom Walken
dc.titleA stochastic model for the utility of income-
dc.typeWorking Paperen
dc.identifier.ppn373613784en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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