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Role of Prices in Welfare Comparisons

Ranjan Ray

Chapter Chapter 4 in Household Behaviour, Prices, and Welfare, 2018, pp 65-88 from Springer

Abstract: Abstract While the previous chapter surveyed the principal developments in the measurement of price movements, the present chapter focusses on the role that prices play in welfare comparisons between households. It provides the methodology used in selected empirical studies, reported in the following chapters, that examine the welfare implications of price changes.

Keywords: Welfare Comparisons; Quadratic Almost Ideal Demand System (QUAIDS); General Scalar Equation; Adult Goods; Real Consumption Index (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:thechp:978-981-13-1930-3_4

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DOI: 10.1007/978-981-13-1930-3_4

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