Measuring Consumer Surplus with Unknown Hicksian Demands
Measuring Consumer Surplus with Unknown Hicksian Demands
复制标题
用未知的希克斯需求衡量消费者剩余
DOI：
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发表时间：
1995
期刊：
影响因子：
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通讯作者：
W. Sims
中科院分区：
文献类型：
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作者：
I. Irvine;W. Sims
本文的目的是介绍斯卢茨基需求曲线作为福利分析的工具。结果表明，在大多数情况下，无需任何数值积分技术，就可以将补偿或等效变化测量到其真实值的百分之几以内。探讨了文献中两个众所周知的例子。开发了基于斯卢茨基的测量相对于马歇尔测量的准确性的理论测量。该方法与局部路径无关，可用于衡量口粮的货币价值。最后探讨了它在劳动力供给模型中的应用，并纠正了文献中的错误。
The objective of this paper to introduce the Slutsky demand curve as a tool in welfare analysis. It is shown that the compensating or equivalent variation can in most cases be measured to within a fraction of a percent of their true value without any numerical integration techniques. Two well known examples in the literature are explored. A theoretical measure of the accuracy of the Slutsky based measure, relative to the Marshallian measure, is developed. The approach is locally path independent and can be used to measure the money value of a ration. Finally it application to models of labour supply is explored an an error in the literature is corrected.