Units: | $ |
Mode: | Output Only |
Multi-band: | False |
Default Value: | |
Validation Rule: | |
Key Property: | No |
Description: | Producer surplus in the Nash-Cournot equilibrium solution |
Cournot Producer Surplus is producer surplus in the Nash-Cournot equilibrium solution. It is defined as:
Producer Surplus = Production × Price - Production Costwhere:
Production Cost is the sum of all production costs.See also: