a) An alternative measure of social welfare is a weighted sum of the consumer surplus (CS) and the producer surplus (PS) defined as W(a)=a*CS +
a) An alternative measure of social welfare is a weighted sum of the consumer surplus (CS) and the producer surplus (PS) defined as W(a)=a*CS + (1-a)*PS, where 0
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Authors: Gloria Gonzalez Rivera
1st edition
131474936, 978-1315510415, 1315510413, 978-0131474932
