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 University of Munich, Department of Economics in its series Discussion Papers in Economics with number 940.
Date of creation: Jun 2006
Date of revision:
derived demand; indirect demand; consumers' surplus; economic rent;
Other versions of this item:
- D00 - Microeconomics - - General - - - General
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
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