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This indicator of consumer welfare measures only changes due to the cost of GHG mitigation, and does not take into account potential social and environmental benefits of implementing this technology.
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The ultimate policy goal is the protection of consumer welfare.
In this post I question whether extending drug patents raise producer welfare at the expense of consumer welfare.
The evils of monopoly are not its failure to provide consumer welfare but that it locates control of consumer welfare, progress and innovation in the hands of the monopolist.
In fact, another side of the above result is the improvement of consumer welfare.
Again, it should be clear that consumer convenience not always best metric of consumer welfare.
Depending on the definition of 'consumer', the exact meaning of consumer welfare standard also changes.
Consequently, information-based approaches and nudging strategies should go hand in hand to achieve both acceptance of the strategies and improvements of consumer welfare.
Supermarket sales, a strong indicator of consumer confidence, fell 3.2percentt in February from those in February 2000.
Sales from wholesalers to retailers, a better indicator of consumer demand, rose 0.4percentt.
And newsstand sales, a good indicator of consumer interest, increased more than 35percentt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com