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Alternative ways of measuring and decomposing equivalent variation

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Fane, George; Ahammad, Helal

Description

Two different concepts of 'equivalent variation' have been used to measure the welfare effects of policy changes. One applies to uncompensated changes in which utility can vary, the other to compensated changes in which it is held constant. Harberger [J.

CollectionsANU Research Publications
Date published: 2003
Type: Journal article
URI: http://hdl.handle.net/1885/86061
Source: Economic Modelling
DOI: 10.1016/S0264-9993(03)00002-6

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