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| Report ID: | 07-07-251122-35 |
| Initial Submission Date: | 2007-07-25 |
| Title: | On the Equivalence of Hicksian Welfare Measures |
| Summary: | We establish exact relations between compensating variation and equivalent variation, or between willingness to pay and willingness to accept, following an exogenous welfare change. These relations improve earlier results by Weber (2003). Tight bounds for the difference between the two welfare measures are also provided. |
| Authors: | Weber, Thomas |
| Contact email: | webert@stanford.edu |
| Number of views : 681 Number of downloads : 177 |
| Version | Date | Accessible? | Download |
| 1 | 2007-07-25 | n | N/A |