Consumer's Surplus, Price Instability, and Consumer Welfare

DOI10.2307/1912022zbMath0427.90011OpenAlexW2088251061MaRDI QIDQ3863366

Andrew Schmitz, Haim Shalit, Stephen J. Turnovsky

Publication date: 1980

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1912022

zbMATH Keywords

consumer welfareconsumer behaviorprice stabilizationprice instabilityconsumer's indirect utility functionconsumers surplus

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Group preferences (91B10)

Related Items (7)

Price index dispersion and utilitarian social evaluation ⋮ Consumer surplus analysis under uncertainty: a general equilibrium perspective ⋮ Expected consumer's surplus as an approximate welfare measure ⋮ Price uncertainty and consumer welfare in an intertemporal setting ⋮ Price uncertainty, saving, and welfare ⋮ First order versus second order risk aversion ⋮ Hicksian Surplus Measures of Individual Welfare Change When There is Price and Income Uncertainty

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