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.
机构:
Univ Canterbury, Sch Math & Stat, Private Bag 4800, Christchurch 8140, New ZealandUniv Canterbury, Sch Math & Stat, Private Bag 4800, Christchurch 8140, New Zealand
Diener, Hannes
Hendtlass, Matthew
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Univ Canterbury, Sch Math & Stat, Private Bag 4800, Christchurch 8140, New ZealandUniv Canterbury, Sch Math & Stat, Private Bag 4800, Christchurch 8140, New Zealand
机构:
Louisiana State Univ, Dept Math, Baton Rouge, LA 70803 USALouisiana State Univ, Dept Math, Baton Rouge, LA 70803 USA
Estrada, Ricardo
Vindas, Jasson
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Louisiana State Univ, Dept Math, Baton Rouge, LA 70803 USA
Univ Ghent, Dept Pure Math & Comp Algebra, B-9000 Ghent, BelgiumLouisiana State Univ, Dept Math, Baton Rouge, LA 70803 USA
机构:
PG Demidov Yaroslavl State Univ, Yaroslavl, Russia
PG Demidov Yaroslavl State Univ, Physicomath Sci, Yaroslavl, RussiaPG Demidov Yaroslavl State Univ, Yaroslavl, Russia
Kazarin, L. S.
[J].
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