Paul Solman: Today’s Paul Samuelson excerpt explains the concept of “consumer surplus.” See the other transcripts we posted this week on the basics of economics here and here.) To Samuelson, it was ...

This week'sFree exchange columndiscusses attempts to measure the consumer surplus generated by the internet (summaryhere). We are inviting experts in the field to comment on the piece and on related ...

This is a preview. Log in through your library . Abstract The TOBIT estimator of the linear model is commonly used to control for censoring. However, when predicting either demand or consumer surplus, ...

There is an enormous amount of literature in which the concept and application of consumer's surplus (C.S.) are discussed. It is the aim of this paper to attempt to clarify the concept by discussing a ...