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Games Pythagoreans Play

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  • Donald K. Richter

    (Boston College)

Abstract

This paper critically evaluates the theoretical basis of a variety of welfare change measures. It does this in a unified fashion by examining the basic mathematical framework underlying the consumer's surplus analysis. In particular, the place of Harberger's welfare measure within this basic framework is discussed.

Suggested Citation

  • Donald K. Richter, 1977. "Games Pythagoreans Play," Public Finance Review, , vol. 5(4), pages 495-515, October.
    • Handle: RePEc:sae:pubfin:v:5:y:1977:i:4:p:495-515
    DOI: 10.1177/109114217700500407
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    References listed on IDEAS

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    1. Diewert, W E, 1976. "Harberger's Welfare Indicator and Revealed Preference Theory," American Economic Review, American Economic Association, vol. 66(1), pages 143-152, March.
    2. Shoven, John B. & Whalley, John, 1972. "A general equilibrium calculation of the effects of differential taxation of income from capital in the U.S," Journal of Public Economics, Elsevier, vol. 1(3-4), pages 281-321, November.
    3. John B. Shoven & John Whalley, 1973. "General Equilibrium with Taxes: A Computational Procedure and an Existence Proof," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(4), pages 475-489.
    4. Hause, John C, 1975. "The Theory of Welfare Cost Measurement," Journal of Political Economy, University of Chicago Press, vol. 83(6), pages 1145-1182, December.
    5. Harberger, Arnold C, 1971. "Three Basic Postulates for Applied Welfare Economics: An Interpretive Essay," Journal of Economic Literature, American Economic Association, vol. 9(3), pages 785-797, September.
    6. Bergson, Abram, 1973. "On Monopoly Welfare Losses," American Economic Review, American Economic Association, vol. 63(5), pages 853-870, December.
    7. Foster, Edward & Sonnenschein, Hugo, 1970. "Price Distortion and Economic Welfare," Econometrica, Econometric Society, vol. 38(2), pages 281-297, March.
    8. Martin J. Bailey, 1954. "The Marshallian Demand Curve," Journal of Political Economy, University of Chicago Press, vol. 62(3), pages 255-255.
    9. Silberberg, Eugene, 1972. "Duality and the Many Consumer's Surpluses," American Economic Review, American Economic Association, vol. 62(5), pages 942-952, December.
    10. Burns, Michael E, 1973. "A Note on the Concept and Measure of Consumer's Surplus," American Economic Review, American Economic Association, vol. 63(3), pages 335-344, June.
    11. Diamond, P. A. & McFadden, D. L., 1974. "Some uses of the expenditure function in public finance," Journal of Public Economics, Elsevier, vol. 3(1), pages 3-21, February.
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