## The American Economic Review, Volume 70American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |

### No interior do livro

Resultados 1-3 de 17

Página 933

...

...

**compensating variation**was defined by J. R. Hicks ( 1942 ) as the amount one would have to deduct from a person's in ...**compensating variation**is positive , the individual is better off under the new situation . Since the com ...Página 936

...

...

**compensating variation**. Un- like the generalized equivalent variation , however , the generalized compensating vari- ation is not a proper numerical indicator of indirect preferences except for a limited set of comparisons or under ...Página 946

...

...

**compensating variation**( 17 ) ; and if p1 = p , it is also ( by virtue of ( 41 ) ) precisely equal to the increment in the generalized equivalent variation ( 15 ) . In this case , therefore , all three measures coincide and no ...### Outras edições - Ver tudo

### Palavras e frases frequentes

adjustment Amer AMERICAN ECONOMIC REVIEW analysis assets assumed assumption average behavior coefficient compensating variation consumer consumer's surplus consumption cost curve demand function downside risk Econ effect efficient elasticity equal equation equilibrium equity estimated exchange rate expected farms Figure firm foreign exchange foreign exchange market human capital implies income increase indifference curves industry inflation interest rate investment investors labor force LDCs marginal maximize measure ment mention THE AMERICAN monetary money illusion Nash equilibrium nomic optimal output P₁ paper Pareto optimal percent period Ph.D Phillips curve portfolio problem production profits rate of inflation ratio rational expectations regression regulation relative REVIEW When Writing risk aversion sector spells spot price subsidy Table tariff theory tion tive trade uncertainty unem unemployment University utility function variable wage Writing to Advertisers yields zero