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Alternative Organization


Perfect Competition and Efficiency

What Is Economic Efficiency?

The late Paul Heyne writes about efficiency for The Concise Encyclopedia of Economics:
http://www.econlib.org/library/Enc/Efficiency.html

Economic Efficiency in a Nutshell

tutor2u.net organizes its explanation of efficiency differently than the way CyberEconomics explains efficiency:
http://www.tutor2u.net/economics/content/topics/competition/efficiency.htm

Consumers' Surplus

The www.tutor2U.net site is from Britain and apparently is quite popular. Here it gives an explanation of consumer surplus:
http://www.tutor2u.net/economics/content/topics/marketsinaction/consumer_surplus.htm

The Paradox of Value
Producers' Surplus

Steve Suranovic has a textbook on international trade on the internet. Most of it is far more advanced than CyberEconomics, but not its examination of producer surplus:
http://internationalecon.com/Trade/Tch90/T90-6B.php

Producers' and Consumers' Surplus Illustrated

Wikipedia has a short article illustrating producer and consumer surplus on a supply and demand graph:
http://en.wikipedia.org/wiki/Economic_surplus

Efficiency and Markets 1
Efficiency and Markets 2


 

Web

ingrimayne.com


These links were checked on May 27, 2007



Copyright Robert Schenk