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...
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...
متن کاملQuality-Adjusted Consumer Surplus for Markets with Asymmetric Information
Traditional measures of consumer surplus (CS) have implicitly assumed that the quality expected is the same as the quality that is paid for ex ante. However, when product or service quality cannot be perfectly verified ex-ante by consumers in markets with asymmetric information, and actual quality received may not necessarily equal quality expected, CS would not be precisely measured. This may ...
متن کاملNonparametric estimation of exact consumer surplus with endogeneity in price
This paper analyzes a structural microeconomic relation describing the exact consumer surplus in a nonparametric setting with endogenous prices. The exact consumer surplus can be characterized as the solution of a differential equation involving the observed demand function. The strategy put forward in this paper involves two steps: first estimate the demand function with endogeneity using nonp...
متن کاملAn Analysis of Profit and Consumer Surplus Implications of Resale
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: The Energy Journal
سال: 2018
ISSN: 0195-6574
DOI: 10.5547/01956574.39.3.rfou