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Job matching and the distribution of producer surplus
Ricerche Economiche, 1993We study wage determination in the Jovanovic model of matching, relaxing the standard assumption that wages continuously adjust to reflect on-the-job performance and studying aggregation of ex-ante heterogeneous career paths. We assume that workers have no bargaining power and consider an equilibrium where individual workers' age-earnings profiles are ...
Giuseppe Bertola, Leonardo Felli
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Surplus del Consumatore e del Produttore (Consumer and Producer Surplus)
SSRN Electronic Journal, 2020Italian abstract: Derivazione del surplus del consumatore e del produttore in contesto di variabili continue e discrete. English abstract: Derivation of consumer and producer surplus in the continuous and discrete case.
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Producer Surplus without Apology? Evaluating Investments in RD*
Economic Record, 1997Comparison of producer surplus with definitive measures based on the profit function reveals potential problems with using changes in producer surplus to measure the benefits of some common types of technical change. Some illustrative applications indicate that the conventional producer surplus measures may seriously underestimate the change in profit ...
WILL MARTIN, JULIAN M. ALSTON
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Calculate consumer surplus and producer surplus using integration
2015The paper describes two economics terms consumer surplus and producer surplus using the definite integrals (the Riemann integral). The consumer surplus is the difference between what consumers are willing to pay and actual price. The producer surplus is the difference between what producers selling at the current price, rather than at the price they ...
Štavlić, Katarina, Radišić, Bojan
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Consumer and producer surplus changes after taxation [PDF]
In every market equilibrium we can calculate the values of consumer surplus and producer surplus. These are the values that they get above the price under which they make the transaction. In this paper is analyzed how consumer and producer surplus are being changed with the introducing of taxes.
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THE EFFECTS OF SUPPLY SHIFTS ON PRODUCERS SURPLUS
1987Changes in the supply curve caused by technological improvements in production or changes in national policy may or may not benefit producers as a whole, depending on the type of shift in the supply curve. Different changes in the supply curve that model this situation are studied and the change in producers surplus is examined depending on ...
Miller, Gay +5 more
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Real Life Application of Consumer and Producer Surplus
Mikailalsys Journal of Advanced Engineering InternationalIn this assignment, we addressed the usage of consumer and producer surplus in various sectors as business sector, medical sector, engineering sector, non profit sector and educational sector. Businesses employ consumer excess to draw in new clients, boost client satisfaction, expand their product offerings, and maintain their position as leaders in ...
Shyam Kishor Mahto +3 more
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Rents, Producers' Surplus, and the Long-Run Industry Supply Curve
Southern Economic Journal, 1994The term producer surplus conventionally has been used to refer to the area above the competitive industry supply curve for output and below the equilibrium price. For the short run, there is general agreement as to the meaning of this area. In the short run, this area equals the payments to the firm in excess of the firm's total variable costs.
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A Review of Problems in the Interpretation of Producers' Surplus
Southern Economic Journal, 1972Since their first (extensive) use by him, Marshall's area measures of consumers' and producers' surplus [4, 124] have, it seems, passed through rather similar phases of acceptance and rejection, as weaknesses and strengths, valid and invalid interpretations, have been pointed out.' The crux of the issue revolves around the question of whether these ...
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