using it. In this paper, we show how to adapt economists' traditional idea of maximizing total surplus (the sum of consumer … to apply Total Surplus Maximization (TSM) to three very different types of real-world tasks - e-commerce, P2P lending and …

using it. In this paper, we show how to adapt economists' traditional idea of maximizing total surplus (the sum of consumer … to apply Total Surplus Maximization (TSM) to three very different types of real-world tasks - e-commerce, P2P lending and …

The main purpose of this study is to estimate the optimal city size which would attain maximum total surplus and …

application. Thus where you start from does influence where you end up. Both change in total surplus and to a lesser extent the … distribution of this change in total surplus across sectors, depends on the price and quantity data which is used to define the …