The name is absent

11

In contrast, where it exists and is finite [i.e., for ("3 — #3)"₃ < 0], the normalized

Marshallian choke price p^w₃⁸sets Marshallian demand to zero, so is defined implicitly as

,8                              w8 #!+!#5 P8

x3(p3 β p—3,z,?) œ ("3 — #3)e#^p3 e   ⁵≠3    + "3M⁸ ´ 0,

and simplifies to a form similar to (16),

Access Value and Consumer's Surplus

Access value for good i is defined as the change in expenditure resulting from the price
change sp₃⁸pp₃^8!; i.e.,

AV ´ /(^s8β P83^,z,?) ^— /(P8^0β P83^,z,?)

´ /(^s8^β P83^,z,?) ^— M.

Using the indirect utility function (3) evaluated at initial Prices p⁸⁰ and M⁸ to identify
the utility index ?, the exPenditure function evaluated at the choke Price for good i is

8ⁿ 8     ∖ at ʌʃʌ Γ ^(s' n’° ^''!^4^p4°

/(p₃ β p8₃,z,?) œ )(p,M) ∙ — e#³(^p3 ^p ’e      ⁴⁴

+ :M + e¹'^o+!^wn! <e"3(P8—P8^o)

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