Department of Economics. University of Melbourne. Parkville Victoria 3052 Australia
ABSTRACT
CONTENTS
1 Introduction
2 Monopoly and Prices
2.1 Profit Maximisation and Identical Marginal Costs
2.2 Profit Maximisation and Different Marginal Costs
2.3 Computing Price Changes
3 Calculating Welfare Changes
3.1 The Linear Expenditure System
3.2 Consumers' Surplus Measures
4 Empirical Results
5 Conclusions
A Estimation of the LES Using HES Data
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