IDEAS home Printed from https://ideas.repec.org/a/ags/uersja/148717.html
   My bibliography  Save this article

Use of Paasche and Laspeyres Variations to Estimate Consumer Welfare Change

Author

Listed:
  • Cory, Dennis C.
  • Gum, Russell L.
  • Martin, William E.
  • Leigh, Marie

Abstract

Many measurements of consumer welfare have been proposed to reflect the income equivalent of a welfare change Measures used in policy evaluations are compensating variation, equivalent variation, Paasche variation, Laspeyres variation, and consumer's surplus This research presents an empirical test for differences among these five welfare measures in a dynamic multimarket context We argue that in many policy evaluations, adequate and rigorous information for decisionmaking is supplied by estimates for the easily calculated Paasche and Laspeyres variations, and consumer's surplus measures

Suggested Citation

  • Cory, Dennis C. & Gum, Russell L. & Martin, William E. & Leigh, Marie, 1981. "Use of Paasche and Laspeyres Variations to Estimate Consumer Welfare Change," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 33(2), pages 1-6, April.
  • Handle: RePEc:ags:uersja:148717
    DOI: 10.22004/ag.econ.148717
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/148717/files/2Cory_33_2.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.148717?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Morris, Suzanna Lynn, 1983. "The variances of stochastic forecasts: calculating the reliability of predicted policy consequences," ISU General Staff Papers 1983010108000018061, Iowa State University, Department of Economics.
    2. Pope, Rulon D., 1984. "The Economic Value Of Consumer Information: A Selected, Annotated Bibliography," Staff Reports 278877, United States Department of Agriculture, Economic Research Service.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uersja:148717. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.