Publication Date
11-1995
Series Number
95-WP 141
Abstract
Three measure commonly used to evaluate the consumer welfare implications of a policy change are reviewed. The notion of consumer surplus is dealt with first, followed by an assessment of the concepts of compensating variation and equivalent variation. The relationships among the three concepts are also considered.
Recommended Citation
Hassan, Zuhair A., "Measurement of Welfare Change: A Review" (1995). CARD Working Papers. 211.
https://lib.dr.iastate.edu/card_workingpapers/211
Included in
Agricultural and Resource Economics Commons, Agricultural Economics Commons, Public Economics Commons
