Shaking Up Measures Of Consumer Economic Well being is popular PDF and ePub book, written by Thijs Ten Raa in 2022-04-21, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Shaking Up Measures Of Consumer Economic Well being can be Read Online from any device for your convenience.
Shaking Up Measures Of Consumer Economic Well being Book PDF Summary
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.
Detail Book of Shaking Up Measures Of Consumer Economic Well being PDF
- Author : Thijs Ten Raa
- Release : 21 April 2022
- Publisher : World Scientific
- ISBN : 9789811251801
- Genre : Business & Economics
- Total Page : 130 pages
- Language : English
- PDF File Size : 13,7 Mb
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