Skoufias, Emmanuel; Coady, David P. - International Food Policy Research Institute (IFPRI) - 2002
The authors evaluate the size of the welfare losses from using alternative “imperfect” welfare indicators as … substitutes for the conventionally preferred consumption indicator. They find that whereas the undercoverage and leakage welfare …, their preferred welfare index based on standard welfare theory suggests much smaller welfare losses. They also find that one …