A Primer on Consumer Surplus and Demand : Common Questions and Answers

Publication:
A Primer on Consumer Surplus and Demand : Common Questions and Answers

dc.contributor.author	Peskin, Henry M.
dc.date.accessioned	2014-04-22T18:07:27Z
dc.date.available	2014-04-22T18:07:27Z
dc.date.issued	2006-05
dc.description.abstract	Measuring consumer's surplus is an increasingly popular approach to quantifying the monetary benefits of energy projects at the World Bank. This paper provides a brief primer on the concept and addresses some concerns and criticisms for this method. The contents include: consumer demand - this paper assumes that the benefit measured by consumer's surplus is a satisfactory measure of the benefit of policy that brings about lower energy prices and considers key challenges in this approach; estimating the demand curve; are two points adequate for estimating the demand curve - a large gain in consumer's surplus is an expected outcome of the large fall in energy costs due to electrification; whose demand curve is it anyway; does willingness-to-pay overestimate ability-to-pay; why is consumer's surplus so large; aren't the estimates affected by subsidies and taxation; and why not simply ask consumers about their benefits from electrification.	en
dc.identifier	http://documents.worldbank.org/curated/en/2006/05/7089743/primer-consumer-surplus-demand-common-questions-answers
dc.identifier.doi	10.1596/17960
dc.identifier.uri	https://hdl.handle.net/10986/17960
dc.language	English
dc.language.iso	en_US
dc.publisher	World Bank, Washington, DC
dc.relation.ispartofseries	Knowledge Exchange series;no. 5
dc.rights	CC BY 3.0 IGO
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo/
dc.subject	APPROACH
dc.subject	BATTERIES
dc.subject	CONSUMER DEMAND
dc.subject	CONSUMER SURPLUS
dc.subject	CONSUMERS
dc.subject	CONSUMPTION LEVELS
dc.subject	CONTINGENT VALUATION
dc.subject	DEMAND CURVE
dc.subject	DEMAND CURVES
dc.subject	ELECTRICITY
dc.subject	ELECTRICITY DEMAND
dc.subject	ELECTRICITY SUPPLY
dc.subject	ENERGY CONSUMPTION
dc.subject	ENERGY COSTS
dc.subject	ENERGY DEMAND
dc.subject	ENERGY NEEDS
dc.subject	ENERGY POLICIES
dc.subject	ENERGY POLICY
dc.subject	ENERGY PRICES
dc.subject	INCOME
dc.subject	KEROSENE
dc.subject	LIVING STANDARDS
dc.subject	MARKET PRICE
dc.subject	MICROECONOMIC ANALYSIS
dc.subject	PRICE CHANGES
dc.subject	PRICE OF ELECTRICITY
dc.subject	PUBLIC UTILITIES
dc.subject	RURAL ELECTRIFICATION
dc.subject	SUBSTITUTE
dc.subject	SURPLUS
dc.subject	TAXATION
dc.subject	TRANSITION ECONOMIES
dc.subject	WEALTH
dc.title	A Primer on Consumer Surplus and Demand : Common Questions and Answers	en
dspace.entity.type	Publication
okr.date.doiregistration	2025-05-05T11:28:24.308386Z
okr.doctype	Publications & Research::ESMAP Paper
okr.doctype	Publications & Research
okr.doctype	Publications & Research::Brief
okr.docurl	http://documents.worldbank.org/curated/en/2006/05/7089743/primer-consumer-surplus-demand-common-questions-answers
okr.globalpractice	Macroeconomics and Fiscal Management
okr.globalpractice	Environment and Natural Resources
okr.globalpractice	Energy and Extractives
okr.globalpractice	Finance and Markets
okr.globalpractice	Trade and Competitiveness
okr.globalpractice	Energy and Extractives
okr.guid	265221468135586505
okr.identifier.externaldocumentum	000310607_20060928095537
okr.identifier.internaldocumentum	7089743
okr.identifier.report	37487
okr.language.supported	en
okr.pdfurl	http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/09/28/000310607_20060928095537/Rendered/PDF/374870KE50Prim1mer0surplus01PUBLIC1.pdf	en
okr.topic	Economic Theory and Research
okr.topic	Macroeconomics and Economic Growth::Markets and Market Access
okr.topic	Environment::Environment and Energy Efficiency
okr.topic	Energy::Energy Production and Transportation
okr.topic	International Economics and Trade::Access to Markets
okr.unit	Energy Sectr Mngmt Assist Progrm (ETWES)
okr.volume	1 of 1