An axiomatic approach to consumers' welfare

Selten, R. and Winter, E. (1994) An axiomatic approach to consumers' welfare. Mathematical Social Sciences, 27 (1). pp. 19-30. ISSN 0165-4896

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Abstract

This paper addresses the issue of consumers' welfare using an axiomatic approach, and avoiding the assumption of utility maximization. We take here the demand function as a primitive, and construct a measure for the consumers' welfare from a change of prices. This is done by imposing a set of axioms on this measure which uniquely determines it. © 1994.

Item Type:

Journal Article

Journal or Publication Title:

Mathematical Social Sciences

Uncontrolled Keywords:

/dk/atira/pure/subjectarea/asjc/3200/3200

Subjects:

?? axiomatic approachdemand functionmeasurewelfaregeneral psychologysociology and political sciencegeneral social sciencesstatistics, probability and uncertaintypsychology(all)social sciences(all) ??

Departments:

Lancaster University Management School > Economics

ID Code:

126873

Deposited By:

ep_importer_pure

Deposited On:

14 Aug 2018 10:36

Refereed?:

Yes

Published?:

Published

Last Modified:

16 Jul 2024 10:47

URI:

https://eprints.lancs.ac.uk/id/eprint/126873