Consumer's Surplus and Welfare Change in a Simple Dynamic Model

S-Tier
Journal: Review of Economic Studies
Year: 1984
Volume: 51
Issue: 1
Pages: 171-176

Authors (3)

Charles Blackorby (not in RePEc) David Donaldson (University of British Columbia) David Moloney (not in RePEc)

Score contribution per author:

2.691 = (α=2.02 / 3 authors) × 4.0x S-tier

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

Abstract

This paper shows that the discounted sum of instantaneous equivalent or compensating variations (generalized to allow for expenditure changes) is never an exact welfare indicator for a consumer whose preferences are represented by a continuous, increasing inter-temporal utility function.

Technical Details

RePEc Handle
repec:oup:restud:v:51:y:1984:i:1:p:171-176
Journal Field
General
Author Count
3
Added to Database
2026-01-25