Input market welfare measures in imperfectly competitive markets

Herman Quirmbach

Expert InsightsPublished 1983

This paper establishes the exact relationship among input and output market Marshallian surpluses and industry profit when the input-user industry is imperfectly competitive. The results are useful both for valuing an input price change and for estimating the degree of competition in the user industry.

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Quirmbach, Herman, Input market welfare measures in imperfectly competitive markets. Santa Monica, CA: RAND Corporation, 1983. https://www.rand.org/pubs/papers/P6913.html.
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