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Market demand Curves and Dupuit-Marshall Consumer's Surpluses: A General Equilibrium Analysis

Author

Listed:
  • Blackorby, C.
  • Donaldson, D.

Abstract

Hicks pretendait dans le cadre de l'analyse cout-benefice que la superficie a gauche de la courbe de demande -calculee en supposant que tous les autres marches sont en equilibre- etait egale a la somme des surplus de Dupuit-Marshall sur tous les marches plus le surplus des producteurs. ce papier demontre d'abord dans un modele d'equilibre general que Hicks a eu raison. Ensuite on se demande si ce resultat est coherent avec n'importe quelle definition du bien-etre de la societe. Les resultats ne sont pas prometteurs. Les demandes de chaque individu doivent etre independantes du revenu a l'exception d'un numeraire.

Suggested Citation

  • Blackorby, C. & Donaldson, D., 1995. "Market demand Curves and Dupuit-Marshall Consumer's Surpluses: A General Equilibrium Analysis," G.R.E.Q.A.M. 97a24, Universite Aix-Marseille III.
    • Handle: RePEc:fth:aixmeq:97a24
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    2. Miyake, Mitsunobu, 2006. "On the applicability of Marshallian partial-equilibrium analysis," Mathematical Social Sciences, Elsevier, vol. 52(2), pages 176-196, September.
    3. Charles Blackorby & David Donaldson & John A. Weymark, 2008. "Hicksian Surplus Measures of Individual Welfare Change When There is Price and Income Uncertainty," Studies in Choice and Welfare, in: Prasanta K. Pattanaik & Koichi Tadenuma & Yongsheng Xu & Naoki Yoshihara (ed.), Rational Choice and Social Welfare, pages 195-213, Springer.
    4. Blackorby, Charles & Murty, Sushama, 2007. "Unit versus ad valorem taxes: Monopoly in general equilibrium," Journal of Public Economics, Elsevier, vol. 91(3-4), pages 817-822, April.
    5. Rouwendal, Jan, 2012. "Indirect Effects in Cost-Benefit Analysis," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 3(1), pages 1-27, January.
    6. Tsuyoshi Sasaki, 2019. "Welfare evaluations and price indices with path dependency problems," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 52(1), pages 127-159, January.
    7. Dimitrios Dadakas & Stelios D. Katranidis, 2010. "The Effects of Trade Liberalization in Textiles and Clothing on the Greek Market for Cotton Yarn: A Multi‐Market Analysis," Review of International Economics, Wiley Blackwell, vol. 18(1), pages 138-152, February.

    More about this item

    Keywords

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    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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