Consumers' surplus when individuals lack integrated preferences: A development of some ideas from Dupuit.
In modern economics, consumers' surplus is understood as the sum of individuals' compensating variations, defined by reference to well-behaved preferences. If individuals lack integrated preferences, as behavioural economics suggests they often do, consumers' surplus cannot be defined. However, Dupu...
| Publicado en: | European Journal of the History of Economic Thought Vol. 22; no. 6; pp. 1042 - 1064 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Dec2015
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| Acceso en línea: | Ver este registro en EBSCOhost |