Does Transportation Infrastructure Technology Evolve to Improve Consumer Surplus?
DOI: 10.23977/infse.2022.030509 | Downloads: 5 | Views: 358
Author(s)
Zhong Li 1
Affiliation(s)
1 Jiangsu Martime Istitute, Nanjing 211199, China
Corresponding Author
Zhong LiABSTRACT
Based on the existing research, this paper introduces the variable of transportation infrastructure technology evolution. Through model deduction, it is found that technology evolution accelerates knowledge spillovers among regions, and spillovers reduce the variable cost of technology in backward regions, which leads to the transfer of technical services from developed regions to backward regions, the increase of income (income effect) and the decrease of prices (price effect) in backward regions, and the increase of consumer surplus in backward regions.
KEYWORDS
Transportation infrastructure, Technological evolution, Consumer surplusCITE THIS PAPER
Zhong Li, Does Transportation Infrastructure Technology Evolve to Improve Consumer Surplus?. Information Systems and Economics (2022) Vol. 3: 46-50. DOI: http://dx.doi.org/10.23977/infse.2022.030509.
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