COURNOT DUOPOLY: an example

surplus continues to equal the Social Security surplus in addition to a small surplus in the rest of government until the trust fund goes into deficit in 2022 (table 1) 4 If Social Security surpluses could be saved, our projections, which extend those of the Congressional Budget Office (CBO), imply that the entire national

The Her–ndahl-Hirschman Index and the distribution of social

The Her–ndahl-Hirschman Index and the distribution of social surplus Yossi Spiegely July 24, 2020 Abstract I show that in a broad range of oligopoly models the Her–ndahl-Hirschman index (HHI) re⁄ects the ratio of producer surplus to consumer surplus and therefore the division of surplus between –rms™owners and consumers

Gin, Television, and Social Surplus

Gin, Television, and Social Surplus By Clay Shirky (This is a lightly edited transcription of Clay Shirky’s speech at the Web 2 0 conference, April 23, 2008 ) I was recently reminded of some reading I did in college, way back in the last century, by a British

LECTURE 10 EXTERNALITIES

Feb 16, 2017 · • The total social surplus includes the people in the market • The total social surplus isn’t as typically as large as possible at very low levels of production • When there is no externality, SMB and PMB are the same, and SMC and PMC are the same • The market produces where PMB=PMC, which is the same as where SMB=SMC

Rethinking the Concepts of Subsumption, Surplus Value and

social media activity of contemporary capitalism For some authors, this activity directly produces surplus value in abstract and should be considered as productive labour On the conclusions, we try to add some ideas to the debate in question Keywords: subsumption, surplus value, social media, rent, audience labour, prosumer

Market Failure: Negative Externality

What is the total surplus (TS) at the equilibrium? Total surplus can be defined as the sum of all the welfare effects: TS = CS + PS – TX = 11,250 + 11,250 – 15,000 = 7,500 Recall that the external effect is a harm in this case (negative externality) On the full graph, total surplus is the area above MCSocial and below MBSocial [Show

Principles 2e SSG Ch6

4 producer surplus 5 social efficiency 6 a price floor 7 a deadweight loss 8 a price floor 9 laissez-faire economics 10 market failure 11 True 12 False Consumer surplus is the area below a demand curve but above price 13 False Another name for a demand curve is a marginal benefit curve 14 True 15 False

SECOND-DEGREE PRICE DISCRIMINATION

surplus is zero, social welfare is $1,000 If it were illegal to charge different prices then United would have to choose between charging $800 with a profit of 800 - 100 = 700 or charging $400 with a profit of 2(400) - 200 = 600 Thus it would choose to sell only one ticket for $800 with a total social surplus of 700 (zero consumer surplus)