Compensating Variation, Consumer's Surplus, and Welfare.
This article analyzes the conditions under which the compensating variation can be validly used in this generalized sense. These turn out to be precisely the same as conditions previously derived for the valid use of consumer's surplus as a welfare measure. In the final section of this article, the...
| Publicado en: | American Economic Review Vol. 70; no. 5; pp. 933 - 950 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
American Economic Association
Dec80
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| Materias: | |
| 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=4503803&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4503803 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00028282 AER jtl: American Economic Review issn: 00028282 maglogo: N pubinfo: dt: Dec80 vid: 70 iid: 5 pid: 22 pub: American Economic Association artinfo: ui: 4503803 ppf: 933 ppct: 17 formats: tig: atl: Compensating Variation, Consumer's Surplus, and Welfare. aug: au: Chipman, John S. Moore, James C. affil: University of Minnesota Indiana/Purdue University su: Consumers' surplus Consumers Income Cost effectiveness Cost analysis Theory of distributions (Functional analysis) Consumer preferences sug: subj: Consumers' surplus Consumers Income Cost effectiveness Cost analysis Theory of distributions (Functional analysis) Consumer preferences ab: This article analyzes the conditions under which the compensating variation can be validly used in this generalized sense. These turn out to be precisely the same as conditions previously derived for the valid use of consumer's surplus as a welfare measure. In the final section of this article, the authors analyze the problem of deriving the generalized equivalent and compensating variations, either exactly or approximately, from observable demand functions, by means of generalizations of, or alternatives to, consumer's surplus. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1980 holdings: @attributes: islocal: N |
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