The Magnitude of Welfare Change: Consumer Surplus

Yew-Kwang Ng ()

Chapter 4 in Welfare Economics, 2004, pp 65-91 from Palgrave Macmillan

Abstract: Abstract The discussion of the magnitude of welfare change in this chapter centres on the concept of consumer surplus associated with a price change. But some of the measures of consumer surplus - such as compensating variation, equivalent variation and our proposed measure, marginal-dollar equivalent (see the appendix to this chapter) — can also be used to measure welfare changes that are associated with other changes.

Keywords: Marginal Utility; Consumer Surplus; Demand Curve; Indifference Curve; Equivalent Variation (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-4039-4406-1_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781403944061

DOI: 10.1057/9781403944061_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().