Prices and welfare (English)

What is the welfare effect of a price change? This simple question is one of the most relevant and controversial questions in microeconomic theory and its different answers can lead to severe heterogeneity in empirical results. This paper returns to this question with the objective of providing a general framework for the use of theoretical contributions in empirical works, with a particular focus on poor people and poor countries. Welfare measures...

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Author

Araar,Abdelkrim;

Verme,Paolo;
Document Date
2016/02/16
Document Type
Policy Research Working Paper
Report Number
WPS7566
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2016/02/16
Disclosure Status
Disclosed
Doc Name
Prices and welfare
Keywords
price change

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Citation

Araar,Abdelkrim; Verme,Paolo.

Prices and welfare (English). Policy Research working paper|no. WPS 7566 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/572361467988949538

Prices and welfare (English)

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