Measures of Waste Due to Quotas

Lilyan Fulginiti () and Richard Perrin ()

Public Economics from EconWPA

Abstract: This paper addresses the issue of measuring waste due to the imposition of a production quota. our objective is to elaborate two alternative general equilibrium concepts of the welfare loss due to the imposition of a production quota, and to illustrate their use by considering costs of the U.S. tobacco program.

Keywords: Welafare loss; general equilibrium; Debreu; Allais; Hicks; production quota; tobacco (search for similar items in EconPapers)
JEL-codes: Q (search for similar items in EconPapers)
Date: 2005-02-28
Note: Type of Document - pdf; pages: 6
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http://129.3.20.41/eps/pe/papers/0502/0502016.pdf (application/pdf)

Related works:
Working Paper: Measure of Waste Due to Quotas (1994)
Working Paper: Measures of Waste Due to Quotas (1994)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwppe:0502016

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