Add to ORKGThe concepts of compensating and equivalent variation are widely used in Public Economics.They derive from the expenditure function and are applied to price changes. In this paper we enlarge the field of application of these concepts to situations involving quantity changes. Using the constrained expenditure function, we study the compensating and equivalent variations associated with changes in quantitative constraints on labour supply and credit demand
Consumer's surplus and a second-order approximation to compensating variation are compared to the ex...
The message of this note is that in a general equilibrium setting the compensating variation is numé...
Two different concepts of 'equivalent variation' have been used to measure the welfare effects of po...
This paper examines the computation of exact welfare measures in the context of labour supply models...
The purpose of this paper is to generalize the use of money measures of welfare change to situations...
The welfare change from a price increase-for example, the compensating variation (cv)-is often calcu...
The paper defines a simple tatonnement process of adjustments in prices and quantities, where excess...
The paper defines a simple tatonnement process of adjustments in prices and quantities, where excess...
In this contribution we have focused on an economy with a single primary factor, homogeneous labour,...
Failure of integrability is shown to cause path-dependence of willingness-to-pay measures of welfare...
In this paper a price and quantity adjustment process in continuous time is considered for an econom...
This paper reviews theory for measuring welfare changes for a single consumer.1 The first section de...
We study the welfare change from project and policies when consumers' behaviour is described with ad...
One of the most important current questions in economic analysis is whether or not labor markets cle...
When borrowing is limited by possible insolvency, compression of labor income through taxation or ot...
Consumer's surplus and a second-order approximation to compensating variation are compared to the ex...
The message of this note is that in a general equilibrium setting the compensating variation is numé...
Two different concepts of 'equivalent variation' have been used to measure the welfare effects of po...
This paper examines the computation of exact welfare measures in the context of labour supply models...
The purpose of this paper is to generalize the use of money measures of welfare change to situations...
The welfare change from a price increase-for example, the compensating variation (cv)-is often calcu...
The paper defines a simple tatonnement process of adjustments in prices and quantities, where excess...
The paper defines a simple tatonnement process of adjustments in prices and quantities, where excess...
In this contribution we have focused on an economy with a single primary factor, homogeneous labour,...
Failure of integrability is shown to cause path-dependence of willingness-to-pay measures of welfare...
In this paper a price and quantity adjustment process in continuous time is considered for an econom...
This paper reviews theory for measuring welfare changes for a single consumer.1 The first section de...
We study the welfare change from project and policies when consumers' behaviour is described with ad...
One of the most important current questions in economic analysis is whether or not labor markets cle...
When borrowing is limited by possible insolvency, compression of labor income through taxation or ot...
Consumer's surplus and a second-order approximation to compensating variation are compared to the ex...
The message of this note is that in a general equilibrium setting the compensating variation is numé...
Two different concepts of 'equivalent variation' have been used to measure the welfare effects of po...