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What is Consumer Surplus

Chapter 172
Encyclopedia of Business Analytics and Optimization
The aggregate willingness-to-pay for a product, estimated as the area under a standard demand curve.
Published in Chapter:
Project Appraisal Techniques
Tony Jackson (University of Dundee, Scotland, UK)
Copyright: © 2014 |Pages: 13
DOI: 10.4018/978-1-4666-5202-6.ch172
Full Text Chapter Download: US $37.50 Add to Cart
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Chapter 2
Is Regulation a Roadblock on the Information Highway?
The benefits for buyers created by consumption of a good or service, net of the purchase price, denominated in currency units. Consumer surplus is created when a unit is consumed at a price less than the maximum willingness to pay for it.
Published in Chapter: Is Regulation a Roadblock on the Information Highway?; From: Handbook of Research on Telecommunications Planning and Management for Business
Full Text Chapter Download: US $37.50 Add to Cart
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