L8-CS PS NSS jpw

L8-CS PS NSS jpw - Consumers Producers Surplus Net Social...

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microL8-S09- http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Net Social Surplus Lecture 8 Jennifer P. Wissink ©2009 John M. Abowd and Jennifer P. Wissink, all rights reserved. February 11, 2009
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microL8-S09- http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ EPI of a Per Unit Commodity Tax Before the tax: Market price Demand price Supply price After the tax: Market price Demand price Supply price Economic Price Incidence: EPI on demanders EPI on suppliers
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microL8-S09- http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ EPI of a Per Unit Commodity Tax
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microL8-S09- http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ EPI of a Per Unit Commodity Tax Would it have made a difference if we taxed the demanders instead of suppliers? Do demanders and suppliers always equally share the EPI of a commodity tax?
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microL8-S09- http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ EPI of a Per Unit Commodity Tax
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microL8-S09- http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Surplus Measures: Goal: to measure the gains from trade in $. Three concepts to introduce: Consumers’ Surplus ($CS) Producers’ Surplus ($PS) Net Social Surplus ($NSS)
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microL8-S09- http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Selling My Old House Old address: 133 Tompkins St. New address: 132 Tompkins St.
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L8-CS PS NSS jpw - Consumers Producers Surplus Net Social...

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