"Exact" Welfare Measures in Agricultural Policy Analysis

Douglas M. Larson

No 278439, 1986 Annual Meeting, July 27-30, Reno, Nevada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A Procedure for obtaining compensating and equivalent variations directly through integration of the Slutsky equation for a properly estimated demand system is developed. Unlike methods which integrate the ordinary demand using Roy's Identity to obtain the indirect utility function, this procedure is easily extended to analysis of multiple price changes.

Keywords: Agricultural and Food Policy; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 14
Date: 1986-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea86:278439

DOI: 10.22004/ag.econ.278439

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