The Welfare Gain from a New Good: An Introduction

This note provides an elementary introduction to the measurement of welfare gains from the introduction of a new good, based on the concept of the ‘virtual price’ and standard expressions for welfare changes arising from price changes.

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Year of publication:	2015
Authors:	Creedy, John
Institutions:	Victoria Business School, Victoria University of Wellington
Subject:	Welfare changes \| Virtual price \| New good

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Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 02/2015 Number 3764
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011124510