Inverse demand systems and welfare measurement in quantity space.
The writer examines the measurement of welfare changes for the inverse demand system and provides exact welfare measures associated with quantity changes. The distance function is utilized to develop compensating and equivalent variations for quantity changes, which are contrasted to Marshallian su...
| Published in: | Southern Economic Journal Vol. 63; pp. 663 - 680 |
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| Format: | Article |
| Published: |
Southern Economic Association
January 1997
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |