Konishi, Hideo; Furusawa, Taiji - Department of Economics, Boston College - 2003
We propose a decomposition of social welfare when consumers' preferences are described by quasi-linear utility …-numeraire goods, whose consumption enters utility functions non-linearly. This decomposition is useful especially when we assess the …' preferences are described by quasi-linear utility functions. In our decomposition, social welfare is expressed as the sum of …