Do Consumers Gain when New Technologies Improve The Efficiency of Goods Trade?

23.10.2019 14:15 – 15:45

INSTITUTE OF ECONOMICS AND ECONOMETRICS SEMINAR / ABSTRACT

This paper points out the basic price theory predictions for the consumer welfare gain from new technologies that improve the efficiency of goods trade. Micro-data on over 140 million of bids from three electricity markets reveals markedly different consumer welfare impacts from new technologies. Consistent with the theory, the results can be explained by structural differences in excess demand: its convexity (concavity) is a determinant of consumers’ gain (loss).

Lieu

Bâtiment: Uni Mail

Bd du Pont-d'Arve 40
1205 Geneva

Room: M 3250, 3rd floor

Organisé par

Faculté d'économie et de management
Institute of Economics and Econometrics

Intervenant-e-s

Matti LISKI, Aalto University, Finland

entrée libre

Classement

Catégorie: Séminaire

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www.unige.ch/gsem/en/research/seminars/iee/

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