Welfare and Output with Income Effects and Taste Shocks
收藏NBER2021-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28754
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资源简介：
We present a unified treatment of how welfare responds to changes in budget sets or technologies with taste shocks and non-homothetic preferences. We propose a welfare metric that ranks production possibility frontiers that differs from one that ranks budget sets, and characterize it using a general
提供机构：
美国国家经济研究局
创建时间：
2021-05-01
