Chapter 10: Consumer Surplus and Dead Weight Loss

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Deriving MWTP from MRS of Indifference Curve Containing bundle A     Voice-Over

Deriving MWTP from Compensated Budgets     Voice-Over

MWTP, TWTP and Consumer Surplus     Voice-Over

Multiple Demand Curves (for different incomes) and Multiple MWTP Curves (for different utility levels)     Voice-Over

Relationship of Demand and MWTP Curves     Voice-Over

Distortionary Tax on Housing     Voice-Over

Distortionary Taxes and Substitution Effects     Voice-Over

Translating DWL to MWTP Curves     Voice-Over

DWL from Taxation for Different Types of Goods:

(a) normal goods, (b) quasilinear goods and (c) inferior goods     Voice-Over

Exponentially Increasing DWL when Tastes are Quasilinear and Demand is Linear     Voice-Over

Indirect Utility and Expenditure Function     Voice-Over

"Duality" of Utility Maximization and Expenditure Minimization (see static)

Inverse Demand and Demand for Different Types of Goods     Voice-Over

Appendix: Shephard's Lemma and Roy's Identity

Substitution Effects, Shephard's Lemma and the Concavity of E(p₁,p₂,u) in Prices     Voice-Over