Two different ways of measuring the monetary value that a consumer would assign to the change in

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Two different ways of measuring the monetary value that a consumer would assign to the change in price of the good are (1) the compensating variation and (2) the equivalent variation. What is the difference between the two measures, and when would these measures be equal?
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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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