"Exact" Welfare Measures in Agricultural Policy Analysis

A Procedure for obtaining compensating and equivalent variations directly through integration of the Slutsky equation for a properly estimated demand system is developed. Unlike methods which integrate the ordinary demand using Roy's Identity to obtain the indirect utility function, this procedure is easily extended to analysis of multiple price changes.


Issue Date:
1986-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/278439
Language:
English
Total Pages:
14




 Record created 2018-10-17, last modified 2020-10-28

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