Cournot Consumer Surplus
Units: | $ |
Mode: | Output Only |
Multi-band: | False |
Default Value: | |
Validation Rule: | |
Key Property: | No |
Description: | Consumer surplus in the Nash-Cournot equilibrium solution |
Detail: |
Cournot Consumer Surplus is the consumer surplus in the Nash-Cournot equilibrium solution. Since the demand curve is linear this surplus is defined as:
Consumer Surplus = 0.5 × ( Demand Intercept - Price ) × DemandSee also: