Errors in the Numerical Assessment of the Benefits of Price Stabilization
提出一个简单计算方法来评估消费者对价格稳定政策的支付意愿，并通过数值模拟证明常用的期望剩余指标（希克斯或马歇尔）会严重误判真实收益，同时强调敏感性分析的重要性。
Abstract This paper presents a simple computational procedure for determining a consumer's willingness to pay to have a price stabilization policy implemented. Numerical simulations are then provided which demonstrate that the commonly used expected surplus measures (whether Hicksian or Marshallian) can in fact seriously misstate the true benefits of price stabilization. These simulations also illustrate the extent to which the results may be dependent upon the assumptions made—implicitly or explicitly—regarding the consumer's attitudes toward risk, thereby underscoring the need to conduct sensitivity analyses to determine the robustness of cost‐benefit assessments with respect to these assumptions.