Economic Surplus and Derived Demand

8 Pages Posted: 13 Jun 2006

See all articles by Ekkehart Schlicht

Ekkehart Schlicht

University of Munich - Department of Economics; IZA Institute of Labor Economics

Date Written: June 2006

Abstract

Most demand - especially labor demand - is derived from the demand for some other product. This note demonstrates that the usual analysis of economic rent, as typically explained for the case of consumers' surplus, carries over to the case of derived demand.

Keywords: derived demand, indirect demand, consumers' surplus, economic rent

JEL Classification: D00, D61

Suggested Citation

Schlicht, Ekkehart, Economic Surplus and Derived Demand (June 2006). IZA Discussion Paper No. 2159. Available at SSRN: https://ssrn.com/abstract=908253

Ekkehart Schlicht (Contact Author)

University of Munich - Department of Economics ( email )

Ludwigstrasse 28
Munich, D-80539
Germany

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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