Shaking Up Measures Of Consumer Economic Well-being (e-bok)
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Format
E-bok
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EPUB med Adobe-kryptering
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Nedladdning
Kan laddas ned under 24 månader, dock max 6 gånger.
Språk
Engelska
Antal sidor
132
Utgivningsdatum
2022-04-21
Förlag
World Scientific Publishing Company
ISBN
9789811251801
Shaking Up Measures Of Consumer Economic Well-being (e-bok)

Shaking Up Measures Of Consumer Economic Well-being E-bok

av Ten Raa Thijs Ten Raa
E-bok (Drm),  Engelska, 2022-04-21
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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 consumer's 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 consumer's surplus, which he calls the consumer's index, and a generalization that applies to nonhomothetic demands. Variants of the consumer's 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.
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