Hicksian Welfare Measures and the Normative Endowment Effect
研究了补偿变差和等价变差两种希克斯福利度量在补偿收入下的一致性，以及收入单调性导致规范禀赋效应的条件，对福利评估和实证研究有参考价值。
We show that the Hicksian welfare measures of compensating variation and equivalent variation coincide if one of them is evaluated at a compensated income. The measures are nondecreasing in income if the varied attribute and income are complementary, and indirect utility is concave in income. Income monotonicity implies the normative endowment effect, where the equivalent variation exceeds the compensating variation. We provide sufficient conditions for the normative endowment effect and discuss empirical implications. In the global absence of a strict (anti-) endowment effect, both Hicksian welfare measures must be independent of income and the indirect utility function additively separable in income.