The Normative Characterization of Aggregate Consumers' Surplus Measures

Al Slivinski ()

International Economic Review, 1987, vol. 28, issue 3, 559-81

Abstract: When explicit account is taken of the fact that consumer surplus measures are typically used in a many-consum er setting, two issues arise. Namely, what is the information require d to utilize the measure, and what are the normative principles entai led by their use? This paper develops measures which are applicable w hen individual preferences come from either of two classes. Their inf ormational requirements are analyzed and the social orderings which t hey induce on consumption allocations are characterized. A means of e xtending these results into wider individual preference classes is th en developed. Copyright 1987 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Date: 1987
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