IDEAS home Printed from https://ideas.repec.org/a/ebl/ecbull/eb-05b10002.html
   My bibliography  Save this article

An early mathematical presentation of consumer's surplus

Author

Listed:
  • Yeung-Nan Shieh

    () (Department of Economics, San Jose State University)

Abstract

This paper shows the first presentation of consumer's surplus as a definite integral is in Launhardt''s 1885 masterpiece, Mathematische Begrundung Der Volkswirtschaftslehre. In chapter 32, Launhardt applied integral calculus to derive the consumer''s surplus of a decrease in the freight rate for each consumer at a market point and for all consumers in the whole market area. Launhardt''s analysis is typically reproduced in the modern literature on non-spatial and spatial economics without any acknowledgement of Launhardt. Launhardt''s name deserves to be mentioned alongside with Dupuit and Marhall as an early anticipator of many key elements in the theory of consumer''s surplus.

Suggested Citation

  • Yeung-Nan Shieh, 2005. "An early mathematical presentation of consumer's surplus," Economics Bulletin, AccessEcon, vol. 2(1), pages 1-5.
  • Handle: RePEc:ebl:ecbull:eb-05b10002
    as

    Download full text from publisher

    File URL: http://www.accessecon.com/pubs/EB/2005/Volume2/EB-05B10002A.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Greenhut,Melvin L. & Norman,George & Hung,Chao-Shun, 1987. "The Economics of Imperfect Competition," Cambridge Books, Cambridge University Press, number 9780521315647, March.
    2. Holahan, William L, 1975. "The Welfare Effects of Spatial Price Discrimination," American Economic Review, American Economic Association, vol. 65(3), pages 498-503, June.
    3. Greenhut,Melvin L. & Norman,George & Hung,Chao-Shun, 1987. "The Economics of Imperfect Competition," Cambridge Books, Cambridge University Press, number 9780521305525, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Consumer's Surplus;

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • C0 - Mathematical and Quantitative Methods - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-05b10002. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (John P. Conley). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.