Willingness to Pay and Consumer Surplus

Takashi Hayashi ()
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Takashi Hayashi: University of Glasgow

Chapter Chapter 7 in Microeconomic Theory for the Social Sciences, 2021, pp 99-110 from Springer

Abstract: Abstract Cost-benefit analysis will be the heart of introductory micro, and well-known (and probably notorious) even to non-economists. What do we mean by benefit, however, while cost is more or less clear.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-3541-0_7

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DOI: 10.1007/978-981-16-3541-0_7

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