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The joint implications for welfare measurement of three recent literatures are considered: the behavioral welfare economics literature, the structural versus reduced form debate in econometrics, and the use of sufficient statistics for characterizing behavior. The first permits the revealed...
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Recommended readings (Machine generated): Paul A. Samuelson (1954), 'The Pure Theory of Public Expenditure', Review of Economics and Statistics, 36 (4), November, 387-9 -- Francis M. Bator (1958), 'The Anatomy of Market Failure', Quarterly Journal of Economics, LXXII (3), August, 351-79 --...
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