Consumer’s surplus can be seen as a correct measure of the change in welfare under special conditions on the preferences of the consumer. The note addresses the question whether the intuitive appeal of the consumer’s surplus concept in the one-price change case extends into cases where several prices of inter-related goods change. An intuitively justified attribution of the change in welfare is conjectured. Sufficient conditions for this attribution to be exactly consistent with the geometry of the consumer’s surplus line integral are discussed
Essay I. Based on some results of Chipman and Moore (1990, 1991), we show that most frequently used ...
A geometric approach which defines distance between equilibrium states has proved useful in the phys...
This note provides an elementary introduction to the measurement of welfare gains from the introduct...
This paper reviews theory for measuring welfare changes for a single consumer.1 The first section de...
The paper provides a rigorous derivation of the 'welfare triangle approximation' (WTA), which is at ...
The thesis analyzes the validity of consumer's surplus as a measure of welfare change. The analysis ...
First, I show that the expected consumer's surplus is equivalent to ex antecompensating variation if...
The welfare change from a price increase-for example, the compensating variation (cv)-is often calcu...
across individuals or homogenous groups to give an overall measure of the desirability of a given po...
This paper shows the first presentation of consumer’s surplus as a definite integral is in Launhardt...
This paper presents necessary and sufficient conditions for the expected value of consumer surplus t...
The most widespread measure of individual welfare is consumer surplus (cs). If consumer surplus is t...
This paper presents necessary and sufficient conditions for the expected value of consumer surplus t...
What is the welfare effect of a price change? This simple question is one of the most relevant and c...
General equilibrium demand and supply curves can be used to measure the multiple market effects of i...
Essay I. Based on some results of Chipman and Moore (1990, 1991), we show that most frequently used ...
A geometric approach which defines distance between equilibrium states has proved useful in the phys...
This note provides an elementary introduction to the measurement of welfare gains from the introduct...
This paper reviews theory for measuring welfare changes for a single consumer.1 The first section de...
The paper provides a rigorous derivation of the 'welfare triangle approximation' (WTA), which is at ...
The thesis analyzes the validity of consumer's surplus as a measure of welfare change. The analysis ...
First, I show that the expected consumer's surplus is equivalent to ex antecompensating variation if...
The welfare change from a price increase-for example, the compensating variation (cv)-is often calcu...
across individuals or homogenous groups to give an overall measure of the desirability of a given po...
This paper shows the first presentation of consumer’s surplus as a definite integral is in Launhardt...
This paper presents necessary and sufficient conditions for the expected value of consumer surplus t...
The most widespread measure of individual welfare is consumer surplus (cs). If consumer surplus is t...
This paper presents necessary and sufficient conditions for the expected value of consumer surplus t...
What is the welfare effect of a price change? This simple question is one of the most relevant and c...
General equilibrium demand and supply curves can be used to measure the multiple market effects of i...
Essay I. Based on some results of Chipman and Moore (1990, 1991), we show that most frequently used ...
A geometric approach which defines distance between equilibrium states has proved useful in the phys...
This note provides an elementary introduction to the measurement of welfare gains from the introduct...