Exact Consumer's Surplus and Deadweight Loss.
This article evaluates the consumers' surplus and deadweight loss in welfare economics. Consumer's surplus is a widely used tool in applied welfare economics. The basic idea is to evaluate the value to a consumer for a change in price of a good. In empirical situations where a measure of either the...
| Publicado en: | American Economic Review Vol. 71; no. 4; pp. 662 - 677 |
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| Formato: | Artículo |
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American Economic Association
Sep81
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4502378&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4502378 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00028282 AER jtl: American Economic Review issn: 00028282 maglogo: N pubinfo: dt: Sep81 vid: 71 iid: 4 pid: 22 pub: American Economic Association artinfo: ui: 4502378 ppf: 662 ppct: 15 formats: tig: atl: Exact Consumer's Surplus and Deadweight Loss. aug: au: Hausman, Jerry A. affil: Professor of Economics, Massachusetts Institute of Technology Research Associate, National Bureau of Economics Research su: Consumers Surplus (Economics) Welfare economics Economic policy Demand function Economics Prices sug: subj: Consumers Surplus (Economics) Welfare economics Economic policy Demand function Economics Prices ab: This article evaluates the consumers' surplus and deadweight loss in welfare economics. Consumer's surplus is a widely used tool in applied welfare economics. The basic idea is to evaluate the value to a consumer for a change in price of a good. In empirical situations where a measure of either the compensating variation, equivalent variation, or deadweight loss is needed, economists often work with relatively simple demand specifications. The quasi-indirect utility function and expenditure function provide the appropriate compensated demand curve and thus the appropriate welfare measure. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1981 holdings: @attributes: islocal: N |
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