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The Welfare Gain from a New Good: An Introduction
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The Welfare Gain from a New Good: An Introduction
Creedy, John
URI:
https://ir.wgtn.ac.nz/handle/123456789/18869
Date:
2015
Rights:
www.victoria.ac.nz/sacl/about/cpf
Abstract:
This note provides an elementary introduction to the measurement of welfare gains from the introduction of a new good, based on the concept of the ‘virtual price’ and standard expressions for welfare changes arising from price changes.
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School of Accounting and Commercial Law – Te Kura Kaute, Ture Tauhokohoko: Chair in Public Finance: Working Paper Series
Working papers from the Chair in Public Finance
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