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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INFORMATION
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2016/02/16
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Document de travail de recherche sur les politiques
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WPS7566
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1
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1
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2016/02/16
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Disclosed
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Prices and welfare
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price change
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