Shaking up Measures of Consumer Economic Well-being 9789811249785

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Автор: Thijs Ten Raa
Название: Shaking up Measures of Consumer Economic Well-being
ISBN: 9789811249785
Издательство: World Scientific Publishing
Издательство: World Scientific Publishing Company
Классификация:

Микроэкономика

ISBN-10: 9811249784
Обложка/Формат: Hardback
Страницы: 132
Вес: 0.34 кг.
Дата издания: 17.05.2022
Серия: Economics/Business/Finance
Язык: English
Размер: 158 x 236 x 28
Читательская аудитория: Tertiary education (us: college)
Ключевые слова: Microeconomics, BUSINESS & ECONOMICS / Econometrics,BUSINESS & ECONOMICS / Economics / Microeconomics
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Поставляется из: США
Описание: In this book the author analyzes measures of consumer well-being. The three main, neoclassical measures of well-being are the compensating variation, the equivalent variation, and consumers surplus. The question is which of the measures of consumer well-being is the best. This book tackles the question, with a surprising outcome that is contrary to the main opinion in the literature. Prof ten Raa presents a test that measures must pass to track utility. The test will be used to sort measures in the remainder of the book. It will culminate in a variant of consumers surplus, which he calls the consumers index, and a generalization that applies to nonhomothetic demands. Variants of the consumers index are presented, including ones that are applicable to demand functions with income effects, even nonlinear ones. So-called broad measures of consumer well-being, such as the Human Development Index, will be encompassed.

Shaking up Measures of Consumer Economic Well-being, Thijs Ten Raa