Ginsburgh, Victor (contributor); Zang, Israel (contributor) - 2005
when total (producer + consumer) surplus is maximized. From
Section A2 in Appendix A, the consumers’ surplus is obtained ….25 0.043 0.00
0.544 0.462 0.00
Producers’ surplus 0.5 0.544 0.549 0.00
Consumers’
surplus
0.25 0.26 0.229 1.0
Total … monopoly” case is welfare improving compared to the “no
bundle” case, but consumers’ surplus decreases.
3. “Full monopoly …