Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - An axiomatic approach to consumers' welfare
AU - Selten, R.
AU - Winter, E.
PY - 1994/2
Y1 - 1994/2
N2 - This paper addresses the issue of consumers' welfare using an axiomatic approach, and avoiding the assumption of utility maximization. We take here the demand function as a primitive, and construct a measure for the consumers' welfare from a change of prices. This is done by imposing a set of axioms on this measure which uniquely determines it. © 1994.
AB - This paper addresses the issue of consumers' welfare using an axiomatic approach, and avoiding the assumption of utility maximization. We take here the demand function as a primitive, and construct a measure for the consumers' welfare from a change of prices. This is done by imposing a set of axioms on this measure which uniquely determines it. © 1994.
KW - Axiomatic approach
KW - Demand function
KW - Measure
KW - Welfare
U2 - 10.1016/0165-4896(94)00728-4
DO - 10.1016/0165-4896(94)00728-4
M3 - Journal article
VL - 27
SP - 19
EP - 30
JO - Mathematical Social Sciences
JF - Mathematical Social Sciences
SN - 0165-4896
IS - 1
ER -