Welfare Comparisons and Equivalence Scales.

The article argues that the equivalence scales required for welfare comparisons are logically distinct from those which arise in the demand analysis. There are alternative ways of incorporating demographic variables into demand analysis by allowing some of the parameters of a demand system to be fun...

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Bibliographic Details

Published in:	American Economic Review Vol. 69; no. 2; pp. 216 - 222
Main Authors:	Pollak, Robert A., Wales, Terence J.
Format:	Article
Published:	American Economic Association May79
Subjects:	Economic demand Equivalence relations (Set theory) Elasticity (Economics) Mathematical models of economics Per capita Consumption (Economics)
Online Access:	View this record in EBSCOhost