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RUMS : a PC-based Fortran program for estimating consumer surplus charges using multinomial logic and hedonic demand models

Author
Greene, D. L.
Published
United States : [publisher not identified], 1986
Springfield, Va.: National Technical Information Service, [approximately 1986]
Physical Description
microfiche : negative ; 11 x 15 cm

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Summary
This report describes a computer program for calculating the value, in dollars per consumer, of the difference in consumer satisfaction between two different sets of alternatives from which consumers must choose. Multinomial Logit and Hedonic Demand formulations of discrete choice, random utility models are used to measure the difference in consumer surplus between the two sets of alternatives, which may differ both in number and characteristics. The user must supply attribute weights for the characteristics of interest, as well as quantitative measures of the characteristics themselves. The program also has limited capability to predict changes in market shares resulting from changes in vehicle attributes. Consumer surplus change in the Hedonic Demand Model is estimated by means of Monte Carlo integration. The program is written in FORTRAN 77 for an IBM PC, with an 8087 math coprocessor chip. 10 refs., 1 fig.
Report Numbers
DE86015965; ORNL/TM-10069
Other Subject(s)
Collection
NTIS collection.
Note
DOE contract number: AC05-84OR21400
OSTI Identifier 5381050
Research organization: Oak Ridge National Lab., TN (USA). Energy Div.
View MARC record | catkey: 47369531