Radner’s cost–benefit analysis in the small: An equivalence result

C-Tier
Journal: Economics Letters
Year: 2013
Volume: 120
Issue: 3
Pages: 570-572

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

I show that local changes in five welfare measures are equal: a measure proposed by Radner (1993); consumers’ surplus; the Slutsky change in real wealth; the Divisia quantity index, and Debreu’s (1951) coefficient of resource utilization (the last two rescaled in units of a numeraire good).

Technical Details

RePEc Handle
repec:eee:ecolet:v:120:y:2013:i:3:p:570-572
Journal Field
General
Author Count
1
Added to Database
2026-01-29