高级微观经济学AdvancedMicroeconomics课件PPTlecture7精品教案课件讲义PPT.pptVIP

AdvancedMicroeconomics

lecture7:consumptiontheoryIV

AggregationandWelfareContent:Consumer’ssurplusAggregationRepresentationconsumer.

1.Consumer’ssurplusMoneymetricutilityfunctionmeasurethewelfareofconsumerineconomychanging.Definition:equivalentvariation(EV)andcompensatingVariation(CV):seethefig.Let

1.Consumer’ssurplusConsiderachangingonlyaccurseinpriceofcommodity1.

1.Consumer’ssurplusp1x1

1.Consumer’ssurplusCommoditytaxation:Thelossofthetaxation:1.2.

1.Consumer’ssurplusp1x1

1.Consumer’ssurplusx2x(p1,w)x(p0,w)u1u0L1x1L2

2.Aggrega