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Consumer's Surplus: Simple Solutions to an Old Problem

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  • Ebert, Udo

Abstract

The paper presents a concise account of recent results on the axiomatization of various welfare measures. Following the introduction and discussion of some elementary properties that a welfare measure should satisfy valid measures are derived. In particular, the Hisksian equivalent and compensating variation and a measure based on the money metric are characterized. Copyright 1995 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Suggested Citation

  • Ebert, Udo, 1995. "Consumer's Surplus: Simple Solutions to an Old Problem," Bulletin of Economic Research, Wiley Blackwell, vol. 47(4), pages 285-294, October.
    • Handle: RePEc:bla:buecrs:v:47:y:1995:i:4:p:285-94
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    Cited by:

    1. Robledo, Julio R. & Wagener, Andreas, 2007. "No spurious welfare gains from taxation: A further argument for the equivalent variation," Economics Letters, Elsevier, vol. 96(3), pages 325-330, September.
    2. Arjan Lejour & Paul Veenendaal & Gerard Verweij & Nico van Leeuwen, 2006. "Worldscan; a model for international economic policy analysis," CPB Document 111.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    3. Arjan Lejour & Paul Veenendaal & Gerard Verweij & Nico van Leeuwen, 2006. "Worldscan; a model for international economic policy analysis," CPB Document 111, CPB Netherlands Bureau for Economic Policy Analysis.
    4. John Creedy, 1998. "The Welfare Effect on Different Income Groups of Indirect Tax Changes and Inflation in New Zealand," The Economic Record, The Economic Society of Australia, vol. 74(227), pages 373-383, December.

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