The Profitable Theory of Consumers’ and Producers’ Surplus : Positive Demand, Negative Supply?

This paper proves the existence of consumer’s and producer’s surplus, and their aggregate counterparts, without betting on some favorable price changes. Such surplus is the excess value over opportunity cost. Instead of hoping for favorable price change, a more positive attitude to obtain increased surplus is to work harder to make production more efficient. This paper also illustrates how demand and supply can take some unconventional shape

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Year of publication:	2014
Authors:	Choi, Hak
Publisher:	[S.l.] : SSRN
Subject:	Konsumentenverhalten \| Consumer behaviour \| Rentabilität \| Profitability \| Konsumtheorie \| Consumption theory \| Nachfrage \| Demand

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