Measurement of Welfare Change: A Review

Zuhair Hassan

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: Three measure commonly used to evaluate the consumer welfare implications of a policy change are reviewed. The notion of consumer surplus is dealt with first, followed by an assessment of the concepts of compensating variation and equivalent variation. The relationships among the three concepts are also considered.

Date: 1995-11
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:95-wp141

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