Aggregate Expected Consumer Surplus as a Welfare Index with an Application to Price Stabilization

DOI10.2307/1911105zbMath0436.90007OpenAlexW2010389809MaRDI QIDQ3877335

William P. Rogerson

Publication date: 1980

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://resolver.caltech.edu/CaltechAUTHORS:20171121-141922033

zbMATH Keywords

conditional probabilitiesprice stabilizationrevelation of preferencescorrectness conditionsaggregate expected consumer surpluscorrect representationwelfare index

Mathematics Subject Classification ID

Utility theory (91B16) Individual preferences (91B08)

Related Items (5)

Comparing stochastic price regimes: the limitations of expected surplus measures ⋮ Cost uncertainty in an oligopoly with endogenous entry ⋮ Consumer surplus analysis under uncertainty: a general equilibrium perspective ⋮ Expected consumer's surplus as an approximate welfare measure ⋮ Hicksian Surplus Measures of Individual Welfare Change When There is Price and Income Uncertainty

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