| 释义 |
compensating variation The amount of additional money needed to restore an individual's original level of utility if the price of any good consumed rises, or it ceases to be available. This assumes that the prices and availability of all other goods are unchanged. The compensating variation is contrasted with the equivalent variation, which is the amount of additional money needed to give the level of utility that an individual could have reached if the price of a commodity fell, or a new commodity became available. |