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The Measurement of Aggregate Welfare

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Models and Measurement of Welfare and Inequality

Abstract

The measurement of aggregate welfare is one of the oldest endeavors of economics, dating from the time of Dupuit [17] and Marshall [27] and continuing in contemporary times with the work of Hicks [23]. The implicit assumptions involved in such a pursuit have, however, rarely been formulated. It is the purpose of the present paper to fill this gap.

Work supported by NSF grant SES-7924816. An early version was issued as reference [14]. We would like to thank William Novshek and an anonymous referee for useful comments.

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Author information

Authors and Affiliations

  1. University of Minnesota, USA

    John S. Chipman

  2. Purdue University, USA

    James C. Moore

Authors
  1. John S. Chipman
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  2. James C. Moore
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Editor information

Editors and Affiliations

  1. Institut für Wirtschaftstheorie und Operations Research Kollegium am Schloß, Universität Karlsruhe (TH), Bau IV, D-76128, Karlsruhe, Germany

    Wolfgang Eichhorn

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© 1994 Springer-Verlag Berlin · Heidelberg

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Chipman, J.S., Moore, J.C. (1994). The Measurement of Aggregate Welfare. In: Eichhorn, W. (eds) Models and Measurement of Welfare and Inequality. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-79037-9_31

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  • DOI: https://doi.org/10.1007/978-3-642-79037-9_31

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-79039-3

  • Online ISBN: 978-3-642-79037-9

  • eBook Packages: Springer Book Archive

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