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On the definition of nonessentiality

Author

Listed:
  • Udo Ebert

    (University of Oldenburg)

Abstract

Nonessentiality of a good is often used in welfare economics, cost-benefit analysis and applied work. Various definitions of this property are presented in the literature on public and environmental economics. This note clarifies their relationship.

Suggested Citation

  • Udo Ebert, 2009. "On the definition of nonessentiality," Economics Bulletin, AccessEcon, vol. 29(3), pages 2045-2049.
    • Handle: RePEc:ebl:ecbull:eb-09-00426
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I3-P53.pdf
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    References listed on IDEAS

    as
    1. Johansson,Per-Olov, 1987. "The Economic Theory and Measurement of Environmental Benefits," Cambridge Books, Cambridge University Press, number 9780521348102, October.
    2. Bockstael, N E & McConnell, K E, 1993. "Public Goods as Characteristics of Non-market Commodities," Economic Journal, Royal Economic Society, vol. 103(420), pages 1244-1257, September.
    3. Willig, Robert D., 1978. "Incremental consumer's surplus and hedonic price adjustment," Journal of Economic Theory, Elsevier, vol. 17(2), pages 227-253, April.
    4. Nancy E. Bockstael & Catherine L. Kling, 1988. "Valuing Environmental Quality: Weak Complementarity with Sets of Goods," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(3), pages 654-662.
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    More about this item

    Keywords

    Preferences; nonessentiality;

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D6 - Microeconomics - - Welfare Economics

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