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 managementInstitute of Economics and Econometrics
Intervenant-e-s
Matti LISKI, Aalto University, Finlandentrée libre
Classement
Catégorie: Séminaire