Shaking Up Measures Of Consumer Economic Well-beingAuthor :
Hardback
Published : Tuesday 17 May 2022
Description
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.
You may also like ...
![Product](https://abcbooksimages.s3.eu-west-1.amazonaws.com/sBookimagesFlat2020/9789811249785.jpg)
by
Hardback
17 May 2022
Microeconomics
€64.35
Extended stock – Dispatch 5-7 days
![Product](https://abcbooksimages.s3.eu-west-1.amazonaws.com/sBookimagesFlat2020/9783030237295.jpg)
by
Paperback
26 Aug 2021
Economics, Finance, Business and Management
€233.99
Extended stock – Dispatch 5-7 days
![Product](https://abcbooksimages.s3.eu-west-1.amazonaws.com/sBookimagesFlat2020/9783030237264.jpg)
by
Hardback
14 Jan 2020
Economics, Finance, Business and Management
€233.99
Extended stock – Dispatch 5-7 days
![Product](https://abcbooksimages.s3.eu-west-1.amazonaws.com/sBookimagesFlat2020/9780415652056.jpg)
by
Paperback
23 Dec 2014
Economic theory and philosophy
€50.30
Extended stock – Dispatch 5-7 days
Reviews