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A Rule For Aggregating Individual Welfare Measures

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  • Alberto Pench

Abstract

It is common, but often incorrect, practice in most applied works, especially in the field of applied general equilibrium models, to evaluate the overall impact of alternative policy changes by means of the sum of equivalent variations of (different classes of) individual consumers. This note proposes to use these same equivalent variations in a different way, namely, to aggregate them by the Borda rule.

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  • Alberto Pench, 2009. "A Rule For Aggregating Individual Welfare Measures," Bulletin of Economic Research, Wiley Blackwell, vol. 61(2), pages 189-193, April.
    • Handle: RePEc:bla:buecrs:v:61:y:2009:i:2:p:189-193
    DOI: 10.1111/j.1467-8586.2009.00304.x
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    1. Shoven, John B & Whalley, John, 1984. "Applied General-Equilibrium Models of Taxation and International Trade: An Introduction and Survey," Journal of Economic Literature, American Economic Association, vol. 22(3), pages 1007-1051, September.
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