English, Article, Journal or magazine article edition: A Welfare Decomposition in Quasi-Linear Economies Taiji Furusawa; Hideo Konishi

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Bookmark: http://trove.nla.gov.au/version/73571
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A Welfare Decomposition in Quasi-Linear Economies
Author
  • Taiji Furusawa
  • Hideo Konishi
Physical Description
  • preprint
Notes
  • We propose a decomposition of social welfare when consumers' preferences are described by quasi-linear utility functions. In our decomposition, social welfare is expressed as the sum of consumers' gross utilities and trade surplus of non-numeraire goods, whose consumption enters utility functions non-linearly. This decomposition is useful especially when we assess the impact of trade liberalization on individual countries. We propose a decomposition of social welfare when consumers' preferences are described by quasi-linear utility functions. In our decomposition, social welfare is expressed as the sum of consumers' gross utilities and trade surplus of non-numeraire goods, whose consumption enters utility functions non-linearly. This decomposition is useful especially when we assess the impact of trade liberalization on individual countries.
  • social welfare, GATT think, quasi-linear utility
  • RePEc:boc:bocoec:569
Language
  • English
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