A diagrammatic exposition of weak complementarity and the Willig condition

H. Spencer Banzhaf

doi:10.1111/j.0092-5853.2004.00591.x

A diagrammatic exposition of weak complementarity and the Willig condition

H. Spencer Banzhaf

Economics

Research output: Contribution to journal › Article › peer-review

24 Scopus citations

Abstract

This article provides a graphical explanation for one of the most important restrictions to utility functions used in revealed preference approaches for measuring the demand for public goods and product quality-weak complementarity. It also describes how the Willig condition is an important element along with weak complementarity in measuring Hicksian consumer surplus for changes in public goods or quality using Marshallian demand curves.

Original language	English (US)
Pages (from-to)	455-466
Number of pages	12
Journal	American Journal of Agricultural Economics
Volume	86
Issue number	2
DOIs	https://doi.org/10.1111/j.0092-5853.2004.00591.x
State	Published - May 2004

Keywords

Consumer surplus
Public goods
Weak complementarity

ASJC Scopus subject areas

Agricultural and Biological Sciences (miscellaneous)
Economics and Econometrics

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10.1111/j.0092-5853.2004.00591.x

Cite this

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abstract = "This article provides a graphical explanation for one of the most important restrictions to utility functions used in revealed preference approaches for measuring the demand for public goods and product quality-weak complementarity. It also describes how the Willig condition is an important element along with weak complementarity in measuring Hicksian consumer surplus for changes in public goods or quality using Marshallian demand curves.",

keywords = "Consumer surplus, Public goods, Weak complementarity",

author = "Banzhaf, {H. Spencer}",

note = "Funding Information: Thanks are due Ray Palmquist, Dan Phaneuf, and Roger Von Haefen for comments on this research and Nancy Bockstael, Ted McConnell, and several anonymous referees for helping us avoid the errors in earlier drafts as well as to Susan Hinton for patiently preparing each revision. Of course, we are responsible for any errors that remain. Partial support was provided by the U.S. Environmental Protection Agency Grant No. R828103.",

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AB - This article provides a graphical explanation for one of the most important restrictions to utility functions used in revealed preference approaches for measuring the demand for public goods and product quality-weak complementarity. It also describes how the Willig condition is an important element along with weak complementarity in measuring Hicksian consumer surplus for changes in public goods or quality using Marshallian demand curves.

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A diagrammatic exposition of weak complementarity and the Willig condition

Abstract

Keywords

ASJC Scopus subject areas

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