The History and Development of Consumer's Surplus and Its Relevance as a Measure of Welfare Change
Description:
The thesis analyzes the validity of consumer's surplus as a measure of welfare change. The analysis begins by examining the chronological development of the concept. Once an understanding of consumer's surplus is formulated, an evaluation of its use in modern ad hoc problems can be undertaken. Chapter II and III discuss the development of consumer's surplus from Classical economics to its modern reformulations, The concept's application to different problems is discussed in Chapter IV. Chapter …
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Date:
August 1975
Creator:
Anderson, Richard Murray