The Concept of Income in a General Equilibrium
在一般均衡框架下为包含异质性永续个体的竞争经济推导了实际总收入概念，使用消费平减指数而非产出价格指数，并讨论了资本利得是否应计入收入及贸易条件变化对资源出口型经济的影响。
This paper derives a concept of aggregate real income for a competitive economy in general equilibrium consisting of heterogeneous infinitely lived people and relates it to current and future consumption possibilities. An important characteristic of our measure of income, which we call Real Income, is that deflation is carried out using a consumption deflator rather than any price index of output. We suggest that it may be inappropriate to regard capital gains as income. We also present a coherent treatment of the effects of changes to the terms of trade on Real Income and explain the implications of this for resource-exporting economies. Copyright 2006, Wiley-Blackwell.