Journal article
Edward R. Morey
American Economic Review, vol. 74(1), 1984, pp. 163-173
American Economic Review, vol. 74(1), 1984, pp. 163-173
DOI:
https://www.jstor.org/stable/1803316
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Cite
APA
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Morey, E. R. (1984). Confuser Surplus. American Economic Review, 74(1), 163–173. https://doi.org/https://www.jstor.org/stable/1803316
Chicago/Turabian
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Morey, Edward R. “Confuser Surplus.” American Economic Review 74, no. 1 (1984): 163–173.
MLA
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Morey, Edward R. “Confuser Surplus.” American Economic Review, vol. 74, no. 1, 1984, pp. 163–73, doi:https://www.jstor.org/stable/1803316.
BibTeX Click to copy
@article{edward1984a,
title = {Confuser Surplus},
year = {1984},
issue = {1},
journal = {American Economic Review},
pages = {163-173},
volume = {74},
doi = {https://www.jstor.org/stable/1803316},
author = {Morey, Edward R.}
}
Paul Samuelson noted that consumer's surplus is a topic " ... about which an earlier generation of economists were able to indulge in much argumentation" (1947, p. 195). Indulgence persists. The current consumer's surplus literature shows that there is still much for authors to argue about and to confuse readers. This paper begins and ends with what I consider to be the fundamental question for users of the consumer's surplus concept. Do dollar measures of utility changes exist? The answer is seen to hinge critically on what one means by "measures," and on whether one assumes an ordinal or a cardinal preference ordering.
