cover

Prices and Welfare

An Introduction to the Measurement of Well-being when Prices Change

Authors: Araar, Abdelkrim, Verme, Paolo

  • Provides essential guidelines to model price changes and their impact on well-being
  • Provides a clear summary of the main economic contributions to the literature on prices and welfare
  • Provides an appendix with all Stata codes for all key computations
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Buy this book

eBook $44.99
price for USA in USD (gross)
  • The eBook version of this title will be available soon
  • Due: September 22, 2019
  • ISBN 978-3-030-17423-1
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover $59.99
price for USA in USD
  • Customers within the U.S. and Canada please contact Customer Service at +1-800-777-4643, Latin America please contact us at +1-212-460-1500 (24 hours a day, 7 days a week).
  • Due: August 25, 2019
  • ISBN 978-3-030-17422-4
  • Free shipping for individuals worldwide
About this book

This book provides a general framework for the use of theoretical contributions in empirical works, addressing the question of what is the effect of a price change on household well-being. This simple question is one of the most relevant and controversial questions in microeconomic theory and one of the main sources of errors in empirical economics. In particular, this book aims to 1) Review the essential microeconomics literature since the first seminal papers by Hicks in the 1930s; 2) Organize and simplify this literature in a way that can be easily used by analysts with different backgrounds providing algebraic, geometric and computational illustrations; 3) identify and measure the essential differences across methods and test how these differences affect empirical results; 4) Provide guidelines for the use of alternative approaches under imperfect information on utility, demand systems, elasticities and more generally incomes and quantities; 5) Provide computational codes in Stata for the application of all methods. The focus of the book is on developing economies and the poor, and the assumptions made will relate primarily to these countries and group of people, presumably the main policy focus of international organizations and national governments.

About the authors

Abdelkrim Araar is Researcher at Laval University, Quebec City, Canada.

Paolo Verme is Lead Economist at the World Bank, Washington D.C., USA

Buy this book

eBook $44.99
price for USA in USD (gross)
  • The eBook version of this title will be available soon
  • Due: September 22, 2019
  • ISBN 978-3-030-17423-1
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover $59.99
price for USA in USD
  • Customers within the U.S. and Canada please contact Customer Service at +1-800-777-4643, Latin America please contact us at +1-212-460-1500 (24 hours a day, 7 days a week).
  • Due: August 25, 2019
  • ISBN 978-3-030-17422-4
  • Free shipping for individuals worldwide
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Bibliographic Information

Bibliographic Information
Book Title
Prices and Welfare
Book Subtitle
An Introduction to the Measurement of Well-being when Prices Change
Authors
Copyright
2019
Publisher
Palgrave Pivot
Copyright Holder
The International Bank for Reconstruction and Development/The World Bank
eBook ISBN
978-3-030-17423-1
DOI
10.1007/978-3-030-17423-1
Hardcover ISBN
978-3-030-17422-4
Edition Number
1
Number of Pages
VIII, 82
Number of Illustrations
21 b/w illustrations
Topics