A Small Firm Leads to Curious Outcomes: Social Surplus, Consumer Surplus, and R&D Activities
نویسندگان
چکیده
منابع مشابه
Consumer Surplus in Online Auctions
Despite the growing research interest in Internet auctions, particularly those on eBay, little is known about the quantifiable consumer welfare accrued from such mechanisms. Using an ongoing novel field experiment, we collect and examine a unique dataset to empirically quantify and understand determinants of consumer surplus in eBay auctions. Our analysis, based on a sample of 5157 eBay auction...
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Electronic coordination may drastically reduce transport costs, especially for digital or digitalizable products where local markets may actually shrink to a point in space. In the present paper we use a model with differentiated products to analyze the impact of declining transport costs on profits and consumer surplus. While consumers always gain, the effect on producers depends on the degree...
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In this paper, we examine the consequences of demand-function heterogeneity for the estimation of the consumer surplus. In particular, we show that, given a linear demand function with random coefficients, one can consistently estimate the consumer surplus distribution without making parametric assumptions about the coefficient distribution. The approach is illustrated using data on gasoline co...
متن کاملWhat is consumer surplus, and how is it measured
What is consumer surplus, and how is it measured? ANSWER: Consumer surplus measures the benefit to buyers of participating in a market. It is measured as the amount a buyer is willing to pay for a good minus the amount a buyer actually pays for it. For an individual purchase, consumer surplus is the difference between the willingness to pay, as shown on the demand curve, and the market price. F...
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Abstract When a monopoly carrier provides multiple services(voice, data, video) through a single network, its’ profit-maximizing pricing policy usually induces resale. In many cases, resale can benefit consumers by providing them with a cheaper alternatives to a highpriced service. Nevertheless, in this paper, we demonstrate that there are situations in which the carrier can use resale to impro...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1415888