Ch14 Consumer’s Surplus.pptVIP

Chapter Fourteen Consumer’s Surplus 消费者剩余 outline 消费者剩余 消费者剩余变化 补偿变化和等价变化 生产者剩余 14.1 Consumer’s surplus Main question Demand for a discrete good Two goods: x1 (good 1) and x2 (expenditure on others); p2=1 Good 1 is a discrete good. Reservation Price Definition 1: Maximum willingness to pay (MWP) Definition 2: The price at which the consumer is just indifferent between consuming or not consuming the additional unit of the good. Reservation Price Reservation price for the 1st unit (r1): u(0, m) = u(1, m-r1) Reservation price for the 2nd unit (r2) u(1, m-r2) = u(2, m-2r2) Reservation pri