The ugly truth about consumer's surplus

Zeitschrift für Nationalökonomie - Tập 38 - Trang 379-388 - 1978
Christopher Foster1, Henry Neuburger1
1Centre for Environmental Studies, London

Tóm tắt

30. We have seen that most of the heresies rejected in Mishan have at least an element of truth in them formal or real. Either the conflict is apparent, not real; or Mishan is incorrect in his understanding of the problems which all relate to interpretation of measurement, and are nothing to do with the rational status of ordinalism. From a practical point of view the following propositions may be asserted:

Tài liệu tham khảo

C. D. Foster and H. Neuburger: The Ambiguity of the Consumer's Surplus Measure of Welfare Change, Oxford Economic Papers26 (1974), pp. 66–77. J. C. Hause: Theory of Welfare Measurement, Journal of Political Economy83 (1975), pp. 1145–1182. J. R. Hicks: Value and Capital, 2nd ed. Oxford 1948. E.-J. Mishan: The Plain Truth About Consumer Surplus, Zeitschrift für Nationalökonomie37 (1977), pp. 1–24. W. Pauwels: The Possible Peverse Behaviour of the Compensatory Variation as a Welfare Ranking, Zeitschrift für Nationalökonomie38 (1978), pp. 369–378. P. A. Samuelson: Foundations of Economic Analysis, Cambridge, Mass., 1955. D. M. Winch: Consumer's Surplus and the Compensation Principle, American Economic Review55 (1965), pp. 395–423.