Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7349782 | Economics Letters | 2017 | 5 Pages |
Abstract
I provide a short proof that consumer's surplus normalized by income is the correct welfare measure when utility is homothetic.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Thijs ten Raa,