IMPACTS ON CONSUMERS: WELFARE ECONOMICS IN THE MULTIPRODUCT CASE

Marie Leigh Forbush, Russell Gum, William E. Mertin, Dennis Cory, Reuben N. Weisz and Llyod Teigen

No 279727, Economics Statistics and Cooperative Services (ESCS) Reports from United States Department of Agriculture, Economic Research Service

Abstract: Measurement of net benefits experienced by consumers is a fundamental component in any comprehensive policy impact analysis. Various methods are employed by economists to gauge impacts on consumers. The objective of this research is to test empirically alternate approaches to measurement of consumer welfare. The validity, accuracy and usefulness of each measure is examined. The empirical test evaluates the economic impacts of the reduction in corn yields.

Keywords: Consumer/Household Economics; Crop Production/Industries (search for similar items in EconPapers)
Pages: 98
Date: 1980-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerscs:279727

DOI: 10.22004/ag.econ.279727

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