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Hicksian surplus measures of individual welfare change when there is price and income uncertainty

Blackorby, Charles; Donaldson, David; Weymark, John Allan - In: Rational choice and social welfare : theory and …, (pp. 195-213). 2008

Persistent link: https://www.econbiz.de/10003768671

Expected consumer's surplus as an approximate welfare measure

Schlee, Edward E. - In: Economic theory : official journal of the Society for … 34 (2008) 1, pp. 127-155

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Consumer surplus under demand uncertainty

Cohen, Maxime C.; Perakis, Georgia; Thraves, Charles - In: Production and operations management : the flagship … 31 (2022) 2, pp. 478-494

Persistent link: https://www.econbiz.de/10013163926

Consumer Surplus Under Demand Uncertainty

Cohen, Maxime C. - 2019

In the economics literature, the Consumer Surplus is traditionally defined for the case where demand is a deterministic function of the price. However, in most operations management problems, demand is assumed to be stochastic, and hence stock-outs can occur. To measure consumer welfare in such...

Persistent link: https://www.econbiz.de/10012901087