The Magnitude of Welfare Change: Consumer Surplus

  • Yew-Kwang Ng
Chapter

Abstract

Our discussion of the magnitude of welfare change in this chapter is centred around the concept of consumer surplus associated with a price change. But some of the measures of consumer surplus such as compensating variation, equivalent variation, and our proposed measure marginal-dollar equivalent (see the appendix to this chapter), can also be used to measure the welfare change associated with other changes.

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Copyright information

© Yew-Kwang Ng 1983

Authors and Affiliations

  • Yew-Kwang Ng
    • 1
  1. 1.Monash UniversityAustralia

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