The History and Development of Consumer's Surplus and Its Relevance as a Measure of Welfare Change

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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 V and VI deal with the intergration of consumer's surplus and the compensation principle. The primary conclusion is that the Laspeyres measure, in combination with ... continued below

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v, 118 leaves: ill.

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Anderson, Richard Murray August 1975.

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This thesis is part of the collection entitled: UNT Theses and Dissertations and was provided by UNT Libraries to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 24 times . More information about this thesis can be viewed below.

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  • Anderson, Richard Murray

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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 V and VI deal with the intergration of consumer's surplus and the compensation principle. The primary conclusion is that the Laspeyres measure, in combination with the compensation test, provides a definitive measure of welfare change in a limited situation.

Physical Description

v, 118 leaves: ill.

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UNT Theses and Dissertations

Theses and dissertations represent a wealth of scholarly and artistic content created by masters and doctoral students in the degree-seeking process. Some ETDs in this collection are restricted to use by the UNT community.

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  • August 1975

Added to The UNT Digital Library

  • June 24, 2015, 9:39 a.m.

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  • Aug. 12, 2016, 3:01 p.m.

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Citations, Rights, Re-Use

Anderson, Richard Murray. The History and Development of Consumer's Surplus and Its Relevance as a Measure of Welfare Change, thesis, August 1975; Denton, Texas. (digital.library.unt.edu/ark:/67531/metadc663454/: accessed January 17, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; .