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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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...
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 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 کاملA consistent semiparametric estimation of the consumer surplus distribution
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...
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ژورنال
عنوان ژورنال: Prague Economic Papers
سال: 2008
ISSN: 1210-0455,2336-730X
DOI: 10.18267/j.pep.331