Economic Surplus and Derived Demand
AbstractMost demand – especially labor demand – is derived from the demand for some other product. This note demonstrates that the usual analysis of economic rent, as typically explained for the case of consumers' surplus, carries over to the case of derived demand.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2159.
Length: 8 pages
Date of creation: Jun 2006
Date of revision:
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Other versions of this item:
- D00 - Microeconomics - - General - - - General
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-06-24 (All new papers)
- NEP-IND-2006-06-24 (Industrial Organization)
- NEP-MIC-2006-06-24 (Microeconomics)
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