Lecture9 - RevealedPref_WelfareChange

Lecture9 - RevealedPref_WelfareChange - Lecture 9 Revealed...

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Unformatted text preview: Lecture 9 Revealed Preference, Welfare Metrics Econ 101A: Microeconomic Theory UC Berkeley Spring 2011 Prof. Cristian Santesteban Outline of Lecture Midterm Overview Slutsky Equation and Giffen Goods Revealed Preference Measuring Welfare Changes Compensating Variation (CV) Equivalent Variation (EV)- 'x~ ~l 1\ -:::l<L 0) 50 0 09 v~lv3d"'" 1.,~ 'XQ :J:{. S G009 1 V"'IoN ,,~ 0<- 'xe j') a.;;:;~ ..1:>3 J;:l $I 51wC't'J (\II rQlWUS~(\5 ~ ~ :IG 'd e 'de 'xe . 'x :> 'xe, '.>ce (& .:3 \J(\..:P SIr W'Ol.I.,3 f1SJl tI.iJf..J) !YOuV(YlJ iJ ~)!Sj..tllS ("tV 8 a..b$...3.Yv't' 5 ;I 0 Z,d )10-C 9 N l'tid::> \1\01 (VO?::J Pl\er~l\.("""C~ ~ U/II1'll NO,,", I loll! '}T)t,I\t'1:"t) vI rt\fl!l\(.J(~S .t. tU!\\II(,f,b ol'llf"'V.\1., C.~(~ ';O"'} I we S"f""AtV(' "" LOt oP'TlMt.. <:"0\ c.e 5 .(. (",Fe<'t- ~~l'l.e'\lCE!r x. Y. ~.T. IS O'-l ~ 6\.)Db('t T ( o}./ S "\M r hi"'- ) ( ~II.N )l("" 'f \s ~1\.~>'\B..l"' fOtt. iN CO"" I[ J.1 I r 5" 11 S'i=-I <Z) 1l~ <S\J () G, tf'\ (S Y....
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Lecture9 - RevealedPref_WelfareChange - Lecture 9 Revealed...

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