Results 251 to 260 of about 262,484 (293)

Consumer's Surplus, Price Instability, and Consumer Welfare

Econometrica, 1980
This paper evaluates the benefits to consumers from price stabilization in terms of the convexity-concavity properties of the consumer's indirect utility function. It is shown that in the case where only a single commodity price is stabilized, the consumer's preference for price instability depends upon four parameters: the income elasticity of demand ...
Turnovsky, Stephen J, Shalit, Haim, Schmitz, Andrew   +2 more
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Consumer's Surplus and Price Uncertainty

International Economic Review, 1987
This paper investigates the conditions under which expected equivalent variation provides a correct ranking of stabilized and uncertain price situations. Expected equivalent variation can be recovered from ordinal preferences whereas ex ante equivalent variation requires additional information regarding con sumer attitudes toward income risk.
Choi, Eun Kwan, Johnson, Stanley R
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On consumer's surplus

Economics Letters, 1982
Abstract This note intends to clarify much of the confusion in the literature on consumer's surplus and obtain a simple discussion on this topic in a unified framework. The letter then contains a number of new results.
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Consumer's Surplus Revisited

American Journal of Agricultural Economics, 1991
AbstractA technique for approximating welfare measures using knowledge of the Marshallian demand relation is developed and compared numerically to the true measures and other approximations. The technique does not rely on the solution of differential equations and is easily illustrated graphically.
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CONSUMER SURPLUS, PRODUCER SURPLUS, IS THERE A COUNTRY SURPLUS?

1976
Extended jurisdiction through unilateral action or the Third Law of the Sea Conference has created a demand for and supply of fishery resources used by distant water fleets. This paper is a description of the theoretical characteristics of the developing market for fishery resources used by distant water fleets.
Olson, Fred L., Olson, Fred L.
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Desert, democracy, and consumer surplus

Politics, Philosophy & Economics, 2010
If one wishes to give individuals what they deserve, one must find some way of appraising those characteristics that render them deserving. In modern democratic societies, it seems attractive to base this appraisal on an aggregation of the valuations individuals hold of the desert bases under consideration. Some have argued that the market can provide
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Consumer Surplus and CES Demand

Oxford Economic Papers, 2015
This article presents the consumer surplus formula for constant elasticity of substitution (CES) demands. The formula is used to compare the monopoly and optimum provisions of product variety. It is shown that a monopolist under-provides variety. This result is contrasted with Lambertini’s analysis of the monopolist’s optimal R&D portfolio.
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Consumer's Surplus Without Computer

SSRN Electronic Journal, 2008
Compensated demand functions are useful tools to calculate and manipulate not only equivalent and compensating variations, but also ordinary demand functions. As a bonus I will show that the CES utility function admits welfare analysis without computer aid, contrary to the suggestion of Tohamy and Wilson Mixon (2004).
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Producer, Consumer, Commodity, Surplus

2022
This chapter shows how the location of the Black body as a primary site of struggle, the pervasive value of Blackness-as-commodity despite the exploitation and increasing exclusion of its productive potential, and the dual presence of hegemony and counterhegemony, most visibly expressed in the Black American celebrity, create the conditions for the ...
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Consumer surplus and producer surplus in fuzzy sense

Fuzzy Sets and Systems, 1999
The author provides a new introduction to the old microeconomics problem of consumer's and producer's surplus in perfect competitive markets. He extends the concept of consumer surplus of demand function and the producer surplus of supply function in economics into fuzzy sense.
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