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Welfare Measures For A Price Distortion In A Multi-Product Multi-Factor Setting

Author

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  • Collins, Glenn S.
  • Ray, Daryll E.

Abstract

This paper investigates welfare measures in an economy comprised of vertically related multi-product and multi-factor industries, where a particular market is subject to a price distortion. It is shown that total welfare changes can be obtained with the use only of general equilibrium prices and quantities in the distorted market.

Suggested Citation

  • Collins, Glenn S. & Ray, Daryll E., 1980. "Welfare Measures For A Price Distortion In A Multi-Product Multi-Factor Setting," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278859, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea80:278859
    DOI: 10.22004/ag.econ.278859
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    File URL: https://ageconsearch.umn.edu/record/278859/files/aaea-1980-048.pdf
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    Keywords

    Demand and Price Analysis;

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