Consumer's Surplus and Welfare Change in a Simple Dynamic Model
- 1 January 1984
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 51 (1) , 171-176
- https://doi.org/10.2307/2297712
Abstract
This paper shows that the discounted sum of instantaneous equivalent or compensating variations (generalized to allow for expenditure changes) is nevKeywords
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