Ch11
1 Capturing Surplus Chapter 12. 2 Chapter Twelve Overview 1.Introduction: Airline Tickets 2.Price Discrimination First Degree Second Degree Third Degree.
Chapter Thirty-Five Public Goods. Public Goods -- Definition u A good is purely public if it is both nonexcludable and nonrival in consumption. –Nonexcludable.
Chapter Thirty-Five Public Goods. u 35: Public Goods u 36: Asymmetric Information u 17: Auctions u 33: Law & Economics u 34: Information Technology u.
Ch14
Consumer Surplus. Monetary Measures of Gains-to- Trade Basic idea of consumer surplus: We want a measure of how much a person is willing to pay for.
Chapter Fourteen Consumer’s Surplus. Monetary Measures of Gains-to- Trade You can buy as much gasoline as you wish at $1 per gallon once you enter the.
Lecture 5: Price discrimination and nonlinear pricing
Sales and Purchase Taxes: Who Bears the Burden?
1 Microeconomics, 2 nd Edition David Besanko and Ronald Braeutigam Chapter 12: Pricing to Capture Surplus Value Prepared by Katharine Rockett © 2006 John.
Introductory Microeconomics ES10001 Topic 1: Introduction to Markets Sales and Purchase Tax.
Pricing With Market Power
