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Role of Prices in Welfare Comparisons

In: Household Behaviour, Prices, and Welfare

Author

Listed:
  • Ranjan Ray

    (Monash University)

Abstract

While the previous chapter surveyed the principal developments in the measurement of price movements, the present chapter focusses on the role that prices play in welfare comparisons between households. It provides the methodology used in selected empirical studies, reported in the following chapters, that examine the welfare implications of price changes.

Suggested Citation

  • Ranjan Ray, 2018. "Role of Prices in Welfare Comparisons," Themes in Economics, in: Household Behaviour, Prices, and Welfare, chapter 0, pages 65-88, Springer.
    • Handle: RePEc:spr:thechp:978-981-13-1930-3_4
    DOI: 10.1007/978-981-13-1930-3_4
    as

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