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北京大学:《中级微观经济学》课程教学资源(PPT课件讲稿,英文版)Rebating a tax based on initial consumption

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OTHER GOOD Rebating a Consumption tax based on inder RTP initial consumption RTP budget constraint Baseline
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OTHER GOODS Rebating a Consumption tax based on under rTP initial RTP budget consumption constraint Baseline consumption s Baseline budget constraint ELECTRICITY

Rebating a tax based on initial consumption

Indifference curves Final budget Original budge Original choice Final choice Substitution Income effect effect The Hicks substitution effect. Here we pivot the budget line around the indifference curve rather than around the original

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