Welfare Economics at the Extensive Margin Giving Gorman Polar Consumers Some Latitude

@inproceedings{Mcfadden2004WelfareEA,
  title={Welfare Economics at the Extensive Margin Giving Gorman Polar Consumers Some Latitude},
  author={Daniel Mcfadden and W. M. Gorman and Entretiens Jacques-Cartier},
  year={2004}
}
Applied welfare economics is greatly facilitated when the preference field of consumers can be restricted so that compensating and equivalent variations have computationally tractable forms that can be estimated from market data. The leading class of preferences of this type is the Gorman polar form, particularly with “parallel Engle curve” restrictions… CONTINUE READING