Tokgoz, Simla (contributor) - 2005
responses are
directly estimated, surveyed from the literature, or obtained from consensus of expert opinions
(FAPRI 2005 …*Old Price) (7)
Producer Surplus
The formula used for computation of the producer surplus is
ˆ
)( dxxLPS x (8)
where … identification of all cross-price responses to the system, as,
and x are then known parameters. Based on equations (9) and (10 …