On the Aggregation of Money Measures of Well-Being in Applied Welfare Economics
This article investigates the properties, good and bad, of social evaluations based on four money measures of well-being or changes in well-being: compensating variations, money metrics, extended money metrics, and welfare ratios. Consistency of social rankings (transitivity, asymmetry of preference...
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| Format: | Article |
| Language: | English |
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Western Agricultural Economics Association
1992-07-01
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| Series: | Journal of Agricultural and Resource Economics |
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| Online Access: | https://ageconsearch.umn.edu/record/30731 |