{"product_id":"shaking-up-measures-of-consumer-thijs-ten-raa-9789811249785","title":"Shaking Up Measures of Consumer Economic Well-Being","description":"In this book the author analyzes measures of consumer well-being. The three main, neoclassical measures of well-being are the compensating variation, the equivalent variation, and consumer's surplus. The question is which of the measures of consumer well-being is the best. This book tackles the question, with a surprising outcome that is contrary to the main opinion in the literature. Prof ten Raa presents a test that measures must pass to track utility. The test will be used to sort measures in the remainder of the book. It will culminate in a variant of consumer's surplus, which he calls the consumer's index, and a generalization that applies to nonhomothetic demands. Variants of the consumer's index are presented, including ones that are applicable to demand functions with income effects, even nonlinear ones. So-called broad measures of consumer well-being, such as the Human Development Index, will be encompassed.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Thijs Ten Raa\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 9811249784\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9789811249785\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e World Scientific Publishing Company\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/17\/2022\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 132\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.76lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.38d","brand":"Thijs Ten Raa","offers":[{"title":"Hardcover","offer_id":44057158353151,"sku":"9789811249785","price":58.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_a5ad5e51-0a17-47c9-8034-3413a0808800.jpg?v=1685045371","url":"https:\/\/www.whiterainbookhouse.com\/products\/shaking-up-measures-of-consumer-thijs-ten-raa-9789811249785","provider":"WR Book House","version":"1.0","type":"link"}