EXACT AND SUPERLATIVE WELFARE CHANGE INDICATORS
EXACT AND SUPERLATIVE WELFARE CHANGE INDICATORS
复制标题
精确且卓越的福利变化指标
DOI:
10.1111/j.1465-7295.1992.tb01282.x
复制
发表时间:
1992
期刊:
影响因子:
1.8
通讯作者:
W. Diewert
中科院分区:
文献类型:
--
作者:
W. Diewert
An exact welfare change indicator is defined to be a known function of the price and quantity data for two periods (for a utility maximizing consumer) which is exactly equal to the Hicksian equivalent variation. A welfare change indicator is termed superlative if it is exactly equal to the equivalent variation for an expenditure function that has a second-order approximation property. The paper exhibits a number of superlative welfare change indicators, and also reviews the earlier attempts of J. R. Hicks and M. L. Weitzman to obtain equivalent variation measures that had a second-order approximation property. Copyright 1992 by Oxford University Press.