Efficient Methods of Measuring Welfare Change and Compensated Income in Terms of Ordinary Demand Functions

DOI10.2307/1912249zbMath0501.90004OpenAlexW1998591492MaRDI QIDQ3967304

Yrjö O. Vartia

Publication date: 1983

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1912249

zbMATH Keywords

algorithmsindex numbersdemand functionsconsumer behaviorcompensated incomeconsumer surplus measuresmeasuring welfare changeutility maximizing consumer

Mathematics Subject Classification ID

Group preferences (91B10) Statistical methods; economic indices and measures (91B82)

Related Items (11)

Consumers' surpluses and consistent cost-benefit tests ⋮ Cost of living indices based on demand functions ⋮ Approximating compensated income from ordinary demand functions ⋮ Nonparametric estimation of welfare changes ⋮ Approximating a cost-of-living index from demand functions ⋮ Exact welfare measures and economic index numbers ⋮ Multi-step perturbation solution of nonlinear differentiable equations applied to an econometric analysis of productivity ⋮ Nonparametric estimation of structural labor supply and exact welfare change under nonconvex piecewise-linear budget sets ⋮ NONPARAMETRIC STUDY OF SOLUTIONS OF DIFFERENTIAL EQUATIONS ⋮ Linear demand functions in theory and practice ⋮ A numerical methods approach to calculating cost-of-living indices

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