Homothetic utility, Roy's Lemma and consumer's surplus

被引:3
|
作者
ten Raa, Thijs [1 ]
机构
[1] Tilburg Univ, Tilburg Sch Econ & Management, Tilburg, Netherlands
关键词
Consumers surplus; Compensating variation; Equivalent variation;
D O I
10.1016/j.econlet.2017.10.010
中图分类号
F [经济];
学科分类号
02 ;
摘要
I provide a short proof that consumer's surplus normalized by income is the correct welfare measure when utility is homothetic. (C) 2017 Elsevier B.V. All rights reserved.
引用
收藏
页码:133 / 134
页数:2
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