Welfare Measurement: Compensation Variation And Equivalent Variation Approach
Abstract: Welfare decreases when prices increase or income decreases. The impact of income decrease on welfare (EV and CV) is virtually clear. It only deals with sifting of budget line. But, the impact of price changes is rather complicated because it relates with the rotation of budget line, moreov...
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[Yogyakarta] : Universitas Gadjah Mada
2002
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