Hicks, Marshall, and Points Off the Demand Curve

Michael Murray

Public Finance Review, 1976, vol. 4, issue 4, 493-500

Abstract: It is well known that Marshall's measure of consumer's surplus is an underestimator of Hicks' equivalent variation of consumer's surplus when the points under consideration are on the consumer's demand curve. In this note it is shown that when the points are not both on the demand curve, a common situation for many policy questions, Marshall's measure may become an overestimator of Hick's measure.

Date: 1976
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/109114217600400408 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:4:y:1976:i:4:p:493-500

DOI: 10.1177/109114217600400408

Access Statistics for this article

More articles in Public Finance Review
Bibliographic data for series maintained by SAGE Publications ().