Keyword: consumer surplus

Competitive Strategy (7/7/2006)

Static efficiency in mature products may be good for consumers in the short run, but dynamic efficiency in innovative products is what drives the economy and elevates consumer welfare in the long run.

Keywords: brand dominance, consumer surplus, dynamic efficiency, economic surplus, innovative products, lock-in effect, market structure, mature products, monopoly, network product, oligopoly, patents, perfect competition, price discrimination, single pricing, standards, static efficiency

How Much Is Anything Worth? (7/7/2006)

Price must cover cost for business survival but its level above cost varies with the product life cycle.

Keywords: auction, commodity, consumer surplus, innovative products, Price, price determination, product life cycle, production cost, profit

Just-in-time Labor Division (1/14/2006)

Low cost contract manufacturing, online coordination among far-flung service providers and Internet viral promotion have propelled many startups into overnight empires.

Keywords: cheap labor, competition, consumer surplus, contract manufacturing, global labor division, instant company, Internet publicity, just in time, just-in-time, Keen, Kidrobot, outsourcing, promotion, shoe, start up, startup, toy

Make Me an Offer (3/26/2007)

A salesman on commission has an incentive to practice perfect price discrimination.

Keywords: commission, consumer surplus, haggling, incentive, perfect price discrimination, price searcher

Pricing and economic surplus (7/7/2006)

Pricing affects how economic surplus is distributed between consumers and producers and thus the incentive and resources to come up with innovative products.

Keywords: commodity, consumer surplus, economic surplus, innovative products, marginal cost, marginal revenue, monopoly, perfect competition, price discrimination, reservation price, single pricing

Pricing to Cost - But Which Cost? (10/13/2007)

Pricing to marginal cost may not cover fixed cost.

Keywords: consumer surplus, economic surplus, fixed cost, marginal cost, perfect competition, perfect price discrimination, price searcher, price taker, profit, two-part pricing, variable cost

Profit vs Efficiency Maximization (11/2/2011)

Pricing modes determine the conflicts between profit maximization and efficiency maximization.

Keywords: consumer surplus, economic surplus, efficiency maximization, perfect price discrimination, price taking, profit maximization, single pricing

Profit vs Efficiency Maximization (transcript) (1/29/2012)

Pricing modes determine the conflicts between profit maximization and efficiency maximization.

Keywords: consumer surplus, economic surplus, efficiency maximization, perfect price discrimination, price taking, profit maximization, single pricing

Should parking be free? (11/2/2011)

Free parking generates lower total benefit when parking spaces are scarce.

Keywords: consumer surplus, free parking, paid parking

Should parking be free? (transcript) (3/27/2007)

Narrated lecture comparing total benefits under free vs paid parking when parking spaces are scarce.

Keywords: consumer surplus, paid benefit, parking fee, total benefits