Intergenerational Consumer Welfare In Dynamic Commodity Markets Hertzler, Greg
dc.contributor.department Economics 2018-02-16T09:44:51.000 2020-06-30T02:11:22Z 2020-06-30T02:11:22Z 2015-05-20 1983-05-01
dc.description.abstract <p>In conunodity markets, both prices and the cohorts of con sumers change over time. Previous stabilization literature applied to changing generations incorporates a preference for inequity, does not require those generations who gain from lower prices to compensate those who lose, and assumes instability which preserves arithmetic mean prices. This paper examines preferences for both equity and specific forms of inequity, en forces actual Income compensation to make the Pareto criterion applicable, and Includes both arithmetic and geometric mean preserving price instability. Previous stabilization conclusions are recast into a dynamic context and new ordinal criteria based upon demand and expenditure functions are derived.</p>
dc.identifier archive/
dc.identifier.articleid 1129
dc.identifier.contextkey 7125828
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_las_staffpapers/53
dc.source.bitstream archive/|||Sat Jan 15 00:50:01 UTC 2022
dc.subject.disciplines Business Administration, Management, and Operations
dc.subject.disciplines Economic History
dc.subject.disciplines Economic Theory
dc.subject.disciplines Social Welfare
dc.title Intergenerational Consumer Welfare In Dynamic Commodity Markets
dc.type article
dc.type.genre report
dspace.entity.type Publication
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
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