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Homothetic utility, Roy’s Lemma and consumer’s surplus

Author:
ten Raa, Thijs
Source:
Economics letters 2017 v.161 pp. 133-134
ISSN:
0165-1765
Subject:
income
Abstract:
I provide a short proof that consumer’s surplus normalized by income is the correct welfare measure when utility is homothetic.
Agid:
6100117