How Consumer Surplus Is Like a Black Hole in Economics
8 Pages Posted: 7 May 2019 Last revised: 17 Aug 2020
Date Written: July 31, 2019
Abstract
We continue our exploration of Consumer Surplus (CS) we originally discussed in our 2017 paper https://ssrn.com/abstract=3042915.
Specifically: (1) Why the magnitude and macroeconomic importance of CS are overlooked by most economists and consumers; and (2) Why measuring CS is important. We call upon other researchers to collaborate in addressing these gaps.
Keywords: GDP, Digitalization, Consumer Surplus
JEL Classification: E01, E31
Suggested Citation: Suggested Citation
Talman, Ilya and Lippitz, Michael, How Consumer Surplus Is Like a Black Hole in Economics (July 31, 2019). Available at SSRN: https://ssrn.com/abstract=3373830 or http://dx.doi.org/10.2139/ssrn.3373830
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