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/1800/1804
Subjects:
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: 01 Jan 2020 11:28
URI: https://eprints.lancs.ac.uk/id/eprint/126873

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