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The statistical precision of a numerical methods estimator as applied to welfare loss

✍ Scribed by Susan Porter-Hudak; Kathy Hayes

Book ID: 116099914
Publisher: Elsevier Science
Year: 1986
Tongue: English
Weight: 261 KB
Volume: 20
Category: Article
ISSN: 0165-1765
DOI: 10.1016/0165-1765(86)90033-9

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## Abstract A recent article (Breslaw and Smith, 1995) published in this journal provided an iterative numerical technique for computing the welfare effects of price changes. In this note we take issue with the application used to demonstrate this technique. In particular, we show that the demands