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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Official URL: https://doi.org/10.1016/0165-4896(94)00728-4
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/1800/1804
Subjects:
Departments:
ID Code:
126873
Deposited By:
Deposited On:
14 Aug 2018 10:36
Refereed?:
Yes
Published?:
Published
Last Modified:
22 Nov 2022 06:12