On the definition of nonessentiality

Udo Ebert

Economics Bulletin, 2009, vol. 29, issue 3, 2045-2049

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.

Keywords: Preferences; nonessentiality (search for similar items in EconPapers)
JEL-codes: D1 D6 (search for similar items in EconPapers)
Date: 2009-08-20
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