Journal article
Techniques for Measuring the Welfare Effects of Protection: Appraising the Choices
Journal of policy modeling, v 8(2), pp 273-303
01 Jul 1986
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
In recent years, a bewildering variety of proposals has appeared on how the static welfare costs of protection are best conceptualized and measured. A survey is presented of how the concepts differ and under what conditions they turn out to be special cases of each other. Besides the Marshallian triangle method and 2 Hicksian welfare measures, based on compensating and equivalent variations, several other welfare indicators proposed by Debreu (1951, 1954), Harberger (1971), McKenzie and Pearce (1976), Chipman and Moore (1980), and others are examined in a review of the theoretical literature on techniques for measuring losses of consumer and producer surplus. Approximations and sensitivity tests are then examined, especially those provided by upper and lower bounding and parametric estimation methods proposed by Willig (1973, 1976), Seade (1978), Hausman (1981), and Vartia (1983). Of the techniques surveyed, the Marshallian and the 2 Hicksian welfare measures have been used the most often in the literature.
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Details
- Title
- Techniques for Measuring the Welfare Effects of Protection: Appraising the Choices
- Creators
- Bang Jeon - Indiana UniversityGeorge von Furstenberg - Indiana University
- Publication Details
- Journal of policy modeling, v 8(2), pp 273-303
- Publisher
- Elsevier Sequoia S.A
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:A1986D999600007
- Scopus ID
- 2-s2.0-0042145151
- Other Identifier
- 991019335492904721
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- Web of Science research areas
- Economics