Background Following suggestions that developers should be allowed to capture a defined share of the total value generated by their technologies, the amount of surplus accruing to the pharmaceutical ...

THE first diagram shows a demand curve and a supply curve for some hypothetical good. Usually, as the price of a good comes down, the quantity demanded increases; the demand curve therefore slopes ...

There is an enormous amount of literature in which the concept and application of consumer's surplus (C.S.) are discussed. It is the aim of this paper to attempt to clarify the concept by discussing a ...