WELFARE MEASURES FOR A PRICE DISTORTION IN A MULTI-PRODUCT MULTI-FACTOR SETTING

Glenn S. Collins and Daryll E. Ray

No 278859, 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper investigates welfare measures in an economy comprised of vertically related multi-product and multi-factor industries, where a particular market is subject to a price distortion. It is shown that total welfare changes can be obtained with the use only of general equilibrium prices and quantities in the distorted market.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 14
Date: 1980-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea80:278859

DOI: 10.22004/ag.econ.278859

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