Abstract
Although it is not possible to directly measure the input producers' profit by examining the market for the final product, up till now little attention has been paid to measuring consumer's surplus in the factor market. The authors have demonstrated a method for doing so which will enable measurement of consumers' surplus and producers' (of the final product and the input) profits on one plane. The factor market may then serve as a better base for the analysis of welfare problems.
| Original language | English |
|---|---|
| Pages (from-to) | 59-62 |
| Number of pages | 4 |
| Journal | Atlantic Economic Journal |
| Volume | 15 |
| Issue number | 1 |
| DOIs | |
| State | Published - Mar 1987 |