The History and Development of Consumer's Surplus and Its Relevance as a Measure of Welfare Change

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Description

The thesis analyzes the validity of consumer's surplus as a measure of welfare change. The analysis begins by examining the chronological development of the concept. Once an understanding of consumer's surplus is formulated, an evaluation of its use in modern ad hoc problems can be undertaken. Chapter II and III discuss the development of consumer's surplus from Classical economics to its modern reformulations, The concept's application to different problems is discussed in Chapter IV. Chapter V and VI deal with the intergration of consumer's surplus and the compensation principle. The primary conclusion is that the Laspeyres measure, in combination with … continued below

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v, 118 leaves: ill.

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Anderson, Richard Murray August 1975.

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This thesis is part of the collection entitled: UNT Theses and Dissertations and was provided by the UNT Libraries to the UNT Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 381 times. More information about this thesis can be viewed below.

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  • Anderson, Richard Murray

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Description

The thesis analyzes the validity of consumer's surplus as a measure of welfare change. The analysis begins by examining the chronological development of the concept. Once an understanding of consumer's surplus is formulated, an evaluation of its use in modern ad hoc problems can be undertaken. Chapter II and III discuss the development of consumer's surplus from Classical economics to its modern reformulations, The concept's application to different problems is discussed in Chapter IV. Chapter V and VI deal with the intergration of consumer's surplus and the compensation principle. The primary conclusion is that the Laspeyres measure, in combination with the compensation test, provides a definitive measure of welfare change in a limited situation.

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v, 118 leaves: ill.

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UNT Theses and Dissertations

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  • August 1975

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  • June 24, 2015, 9:39 a.m.

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  • Aug. 12, 2016, 3:01 p.m.

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Anderson, Richard Murray. The History and Development of Consumer's Surplus and Its Relevance as a Measure of Welfare Change, thesis, August 1975; Denton, Texas. (https://digital.library.unt.edu/ark:/67531/metadc663454/: accessed May 27, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; .

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