The relative merits of alternative approaches to applied welfare economics (English)

This paper compares alternative methods of analyzing price policy. The "single-market" approach uses the standard technique of consumer and producer surplus. In agriculture, where substitution possibilities may be especially strong, a single-market approach may leave out important repercusions in related markets. Accordingly, the single-market approach is compared with a "multi-market" approach in which an effort is made to incorporate all those markets...

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Author

Case, A.;

Squire, Lyn;
Document Date
1985/02/28
Document Type
Departmental Working Paper
Report Number
CPD8501
Volume No
1
Total Volume(s)
1
Country
Korea, Republic of,
Region
East Asia and Pacific,
Disclosure Date
2020/08/05
Disclosure Status
Disclosed
Doc Name
The relative merits of alternative approaches to applied welfare economics
Keywords
market model

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Citation

Case, A.; Squire, Lyn.

The relative merits of alternative approaches to applied welfare economics (English). Country Policy Department discussion paper|no. CPD 8501 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/486341468915070803

The relative merits of alternative approaches to applied welfare economics (English)

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