How the compensating and equivalent varations of income explain the future of the industry?

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How the compensating and equivalent varations of income explain the future of the industry?

2006-11-20 21:41:33 · 3 answers · asked by Anonymous in Social Science ➔ Economics

3 answers

Simple! They don't.

The compensating and equivalent variations are measures of changes in economic welfare. Such measures may be used to evaluate policy changes and investment projects. But they have nothing to do with the future of any industry.

2006-11-21 15:27:53 · answer #1 · answered by Marakey 3 · 0⤊ 0⤋

genius seeks a comfort zone...if the comfort is not percieved the move elsewhere.

2006-11-20 21:54:41 · answer #2 · answered by koalatcomics 7 · 0⤊ 0⤋

that doesn't make any sense. which industry?

2006-11-21 08:12:11 · answer #3 · answered by Dirk N 3 · 0⤊ 0⤋