Compensating Variation

Business, Legal & Accounting Glossary

Definition: Compensating Variation


Compensating Variation


Full Definition of Compensating Variation


An amount of money that just compensates a person, group, or whole economy, for the welfare effects of a change in the economy, thus providing a monetary measure of that change in welfare. Same aswillingness to pay. Contrasts with equivalent variation.


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December 06, 2021 https://payrollheaven.com/define/compensating-variation/.
Chicago Manual of Style (CMS):
Compensating Variation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/compensating-variation/ (accessed: December 06, 2021).
American Psychological Association (APA):
Compensating Variation. PayrollHeaven.com. Retrieved December 06, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/compensating-variation/

Definition Sources


Definitions for Compensating Variation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.