The American Economic Review, Volume 70,Edições 3-5American 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. |
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Página 308
... Welfare Gain ( billions of $ ) 0.07 0.04 1.13 0.76 0.22 0.24 2.61 1.91 0.51 = When κ < , a uniform increase in price diminishes welfare , because the health gain achieved by a price - induced decrease in consumption is completely offset ...
... Welfare Gain ( billions of $ ) 0.07 0.04 1.13 0.76 0.22 0.24 2.61 1.91 0.51 = When κ < , a uniform increase in price diminishes welfare , because the health gain achieved by a price - induced decrease in consumption is completely offset ...
Página 384
... welfare impact of a project . Given the welfare formulation outlined above , it is easy to show that the first - order welfare change can be written in the form dw :・ Σ w2 ( Σnsk ) ava Σω = aj s , k where w is the marginal welfare ...
... welfare impact of a project . Given the welfare formulation outlined above , it is easy to show that the first - order welfare change can be written in the form dw :・ Σ w2 ( Σnsk ) ava Σω = aj s , k where w is the marginal welfare ...
Página 451
... welfare loss is WTAC , the compensation which would keep the loser at his initial welfare level ; and the equivalent measure is WTPE , the loser's willingness to pay to avoid the quantity reduction from Q " to Q ' which , if paid ...
... welfare loss is WTAC , the compensation which would keep the loser at his initial welfare level ; and the equivalent measure is WTPE , the loser's willingness to pay to avoid the quantity reduction from Q " to Q ' which , if paid ...
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adjustment Amer analysis assets assumed assumption average behavior budget capital coefficient constant constraint consumer consumer's surplus consumption cost countries curve demand functions differential distribution earnings Econ Economic effect efficient elasticity equal equation equilibrium estimates exchange rate expected utility Figure firm foreign exchange market given hypothesis implies income increase indifference curve indirect utility function individual industry inflation interest rate investment investor labor force lagged LDCs marginal marginal utility maximize measure ment monetary money illusion money supply Nash equilibrium nomic optimal output P₁ paper parameters percent period positive preferences price level problem production profits quantity ratio rational expectations regression regulation relative risk aversion Section sector share spot price statistically substitution supply Table tariff Theory tion tive unemployment United University utility function variables wage welfare workers yields zero