Consumer surplus is the amount exceeding an equilibrium price the consumer is willing to pay. The equilibrium price is an idealized price, in which the demand for the good equals its supply. If the ...

School choice programs will succeed in improving options for children only insofar as they are able to create a functioning marketplace. Policymakers and educators must overcome supply-side hurdles to ...

The iPhone 8 saw Apple's weakest new phone sales in years, while iPhone X demand outstripped supply within minutes of the start of pre-orders last night. It would be easy to conclude that an ...