Consumer's Surplus and Welfare Change in a Simple Dynamic Model

Charles Blackorby, David Donaldson and David Moloney

The Review of Economic Studies, 1984, vol. 51, issue 1, 171-176

Abstract: This paper shows that the discounted sum of instantaneous equivalent or compensating variations (generalized to allow for expenditure changes) is never an exact welfare indicator for a consumer whose preferences are represented by a continuous, increasing inter-temporal utility function.

Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:oup:restud:v:51:y:1984:i:1:p:171-176.

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