Title: Income effects and the marginal utility of income
Abstract: Abstract It is shown in this note that the marginal utility of income corresponding to a money metric utility function can be computed from price/quantity data plus knowledge of income effects. Information about price derivatives of demand functions (or about the Hicks–Slutsky substitution matrix) is not required.
Publication Year: 1985
Publication Date: 1985-01-01
Language: en
Type: article
Indexed In: ['crossref']
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