Abstract
This chapter illustrates how the alternative measures of well-being presented in Chap. 2 can be computed with the computation methods presented in Chap. 3. It does so in the context of individual and social welfare and in the context of small and large price variations. It also provides simple guidelines for practitioners helpful to make decision on the measure and computational method to use under different empirical circumstances.
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Araar, A., Verme, P. (2019). Empirical Applications. In: Prices and Welfare. Palgrave Pivot, Cham. https://doi.org/10.1007/978-3-030-17423-1_4
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DOI: https://doi.org/10.1007/978-3-030-17423-1_4
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