Divergence in alternative Hicksian welfare measures: the case of revealed preference for public amenities

2002 ◽  
Vol 17 (6) ◽  
pp. 641-666 ◽  
Author(s):  
Sudip Chattopadhyay
Keyword(s):  
Revealed Preference ◽  
Welfare Measures ◽  
Hicksian Welfare

scholarly journals Hicksian Welfare Measures and the Normative Endowment Effect

2010 ◽  
Vol 2 (4) ◽  
pp. 171-194 ◽  
Author(s):  
Thomas A Weber
Keyword(s):  
Utility Function ◽  
Sufficient Conditions ◽  
Endowment Effect ◽  
Indirect Utility ◽  
Compensating Variation ◽  
Equivalent Variation ◽  
Indirect Utility Function ◽  
Welfare Measures ◽  
Empirical Implications ◽  
Hicksian Welfare

We show that the Hicksian welfare measures of compensating variation and equivalent variation coincide if one of them is evaluated at a compensated income. The measures are nondecreasing in income if the varied attribute and income are complementary, and indirect utility is concave in income. Income monotonicity implies the normative endowment effect, where the equivalent variation exceeds the compensating variation. We provide sufficient conditions for the normative endowment effect and discuss empirical implications. In the global absence of a strict (anti-) endowment effect, both Hicksian welfare measures must be independent of income and the indirect utility function additively separable in income. (JEL D11, D63)

Estimating Four Hicksian Welfare Measures for a Public Good: A Contingent Valuation Investigation

2000 ◽  
Vol 76 (3) ◽  
pp. 355 ◽  
Author(s):  
Ian J. Bateman ◽  
Ian H. Langford ◽  
Alistair Munro ◽  
Chris Starmer ◽  
Robert Sugden
Keyword(s):  
Contingent Valuation ◽  
Public Good ◽  
Welfare Measures ◽  
Hicksian Welfare

scholarly journals Sharp for SARP: Nonparametric Bounds on Counterfactual Demands

2015 ◽  
Vol 7 (1) ◽  
pp. 43-60 ◽  
Author(s):  
Richard Blundell ◽  
Martin Browning ◽  
Laurens Cherchye ◽  
Ian Crawford ◽  
Bram De Rock ◽  
...  
Keyword(s):  
Revealed Preference ◽  
Nonparametric Bounds ◽  
Welfare Measures ◽  
Weak Axiom

Sharp nonparametric bounds are derived for counterfactual demands and Hicksian compensating and equivalent variations. These “i-bounds” refine and extend earlier results of Blundell, Browning, and Crawford (2008). We show that their bounds are sharp under the Weak Axiom of Revealed Preference (WARP) since they do not require transitivity. The new bounds are sharp under the Strong Axiom of Revealed Preference (SARP). By requiring transitivity they can be used to bound welfare measures. The new bounds on welfare measures are shown to be operationalized through algorithms that are easy to implement. (JEL D04, D11)

scholarly journals Hicksian Welfare Measures within a Regret Theory Framework

1988 ◽  
Vol 70 (5) ◽  
pp. 1100-1106 ◽  
Author(s):  
James J. Opaluch ◽  
Kathleen Segerson
Keyword(s):  
Regret Theory ◽  
Welfare Measures ◽  
Theory Framework ◽  
Hicksian Welfare

A Comparative Study of Effectiveness of Statutory Employee Welfare Measures - With Special Reference to Canteen Facility in Sugar Mills in Krishna District of Andhra Pradesh

2018 ◽  
Vol 6 (11) ◽  
pp. 156
Author(s):  
M Srinivasa Rao ◽  
G. Vidyanath
Keyword(s):  
Comparative Study ◽  
Special Reference ◽  
Andhra Pradesh ◽  
Well Being ◽  
Employee Welfare ◽  
Sugar Mills ◽  
Welfare Measures ◽  
Individual Needs

The existing research is created an effort to recognize the worker well being actions implemented in Sugar Miles industry. Employee well being indicates anything done for comfortableness and enhancement of the employees over and above the salaries compensated which is not a requirement of the profession. The standard objective of employee well being is to enhance the lifestyle of workers and keep them satisfied. Employees invest at least half their time at your workplace or getting to it, or making it. They know that they play a role to the organization when they are reasonably exempt from fear and they experience that when they are in trouble/ problems, they are due to get something returning from the company. Individuals are qualified for be treated as complete humans with individual needs, desires and stresses.

A Study On Labour Welfare Measures In Chettinad Cement Corporation Limited - With Special Reference To Puliyur, Karur District, Tamilnadu

2019 ◽  
Vol 118 (12) ◽  
pp. 1-6
Author(s):  
V. Muruganandham ◽  
Dr. M. Ragupathi
Keyword(s):  
Special Reference ◽  
International Labour Organisation ◽  
Regional Conference ◽  
Welfare Measures ◽  
Labour Organisation

International Labour Organisation (ILO) at its Asian regional Conference, defined labour welfare as a term which is understood to include such services, facilities and amenities as may be established in o in the vicinity of undertaking to enable the person employed in them to perform their work in healthy, and high morale.

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