Add to ORKGThis paper presents necessary and sufficient conditions for the expected value of consumer surplus to correctly represent a consumer's preferences. A theorem characterizing utility functions which represent preferences over conditional probabilities is used to derive this. An application to price stabilization policy is presented
Classical welfare economics assumes that the demand function, or consumers’ utility, is known with c...
Many governments try to stabilize commodity prices based on the widespread belief that households va...
Changes in total surplus and deadweight loss are traditional measures of economic welfare. We propos...
This paper presents necessary and sufficient conditions for the expected value of consumer surplus t...
This paper presents necessary and sufficient conditions for the expected value of consumer surplus t...
This paper presents necessary and sufficient conditions for the expected value of consumer surplus t...
This paper presents necessary and sufficient conditions for the expected value of consumer surplus t...
First, I show that the expected consumer's surplus is equivalent to ex antecompensating variation if...
First, I show that the expected consumer's surplus is equivalent to ex antecompensating variation if...
It is the aim of this paper to suggest an alternative framework for the analysis of commodity stabil...
This paper derives an exact form of partial equilibrium efficiency measure under uncertainty which i...
This paper derives an exact form of partial equilibrium efficiency measure under uncertainty which i...
This paper reviews theory for measuring welfare changes for a single consumer.1 The first section de...
What is the welfare effect of a price change? This simple question is one of the most relevant and c...
In conunodity markets, both prices and the cohorts of con sumers change over time. Previous stabiliz...
Classical welfare economics assumes that the demand function, or consumers’ utility, is known with c...
Many governments try to stabilize commodity prices based on the widespread belief that households va...
Changes in total surplus and deadweight loss are traditional measures of economic welfare. We propos...
This paper presents necessary and sufficient conditions for the expected value of consumer surplus t...
This paper presents necessary and sufficient conditions for the expected value of consumer surplus t...
This paper presents necessary and sufficient conditions for the expected value of consumer surplus t...
This paper presents necessary and sufficient conditions for the expected value of consumer surplus t...
First, I show that the expected consumer's surplus is equivalent to ex antecompensating variation if...
First, I show that the expected consumer's surplus is equivalent to ex antecompensating variation if...
It is the aim of this paper to suggest an alternative framework for the analysis of commodity stabil...
This paper derives an exact form of partial equilibrium efficiency measure under uncertainty which i...
This paper derives an exact form of partial equilibrium efficiency measure under uncertainty which i...
This paper reviews theory for measuring welfare changes for a single consumer.1 The first section de...
What is the welfare effect of a price change? This simple question is one of the most relevant and c...
In conunodity markets, both prices and the cohorts of con sumers change over time. Previous stabiliz...
Classical welfare economics assumes that the demand function, or consumers’ utility, is known with c...
Many governments try to stabilize commodity prices based on the widespread belief that households va...
Changes in total surplus and deadweight loss are traditional measures of economic welfare. We propos...