• Thumbnail for Deadweight loss
    In economics, deadweight loss is the loss of societal economic welfare due to production/consumption of a good at a quantity where marginal benefit (to...
    16 KB (2,341 words) - 13:53, 10 November 2024
  • Thumbnail for Tax wedge
    created by a tax actually represents the amount of deadweight loss created by the tax. Deadweight loss is the reduction in social efficiency (producer and...
    7 KB (901 words) - 23:32, 16 February 2024
  • that is close to the deadweight loss that will be experienced if the project is added to the budget, or to the deadweight loss removed if the project...
    7 KB (987 words) - 13:54, 10 November 2024
  • Thumbnail for Value-added tax
    in VAT are passed on in lower prices. VAT consequently leads to a deadweight loss if cutting prices pushes a business below the margin of profitability...
    96 KB (9,199 words) - 06:12, 14 November 2024
  • Columbo Deadweight loss, a loss of economic efficiency that can occur when equilibrium for a good or service is not Pareto optimal Deadweight tonnage...
    2 KB (248 words) - 04:58, 6 September 2024
  • Thumbnail for Economic surplus
    total surplus; a decrease in that total from inefficiencies is called deadweight loss. In the mid-19th century, engineer Jules Dupuit first propounded the...
    19 KB (2,747 words) - 13:09, 1 November 2024
  • lower quantity demanded. The decrease in supply creates an economic deadweight loss (DWL) and a decline in consumer surplus. This is viewed as socially...
    35 KB (4,523 words) - 08:35, 25 April 2024
  • production is the deadweight loss. Deadweight loss reduces both the consumer and producer surplus. The magnitude of deadweight loss depends on the elasticities...
    15 KB (2,003 words) - 00:59, 7 November 2024
  • monopsonistic restriction of employment. This is a net social loss and is called deadweight loss. It is a measure of the market failure caused by monopsony...
    34 KB (4,003 words) - 04:32, 13 November 2024
  • (compliance costs) or by creating distortions to economic incentives (deadweight loss and perverse incentives).[citation needed] Although governments must...
    110 KB (14,332 words) - 06:55, 21 November 2024
  • Thumbnail for Christmas
    "The Deadweight Loss of Christmas" (PDF), American Economic Review, December 1993, 83 (5). Retrieved December 25, 2023. "Is Santa a deadweight loss?" Archived...
    149 KB (14,662 words) - 19:15, 21 November 2024
  • Thumbnail for Veblen good
    concerns were raised regarding their wastefulness as they are viewed as deadweight loss. Consuming Veblen goods also results in other financial and social...
    15 KB (1,698 words) - 08:11, 16 November 2024
  • Thumbnail for Economics of Christmas
    spending, Christmas is a deadweight loss under orthodox microeconomic theory, because of the effect of gift-giving. This loss is calculated as the difference...
    32 KB (3,552 words) - 07:51, 11 November 2024
  • green area B, consumer surplus equal to the light blue area A, and a deadweight loss equal to the purple area C. If the firm is a price discriminating monopolist...
    10 KB (1,433 words) - 18:37, 15 July 2022
  • inefficiency associated with artificial scarcity is formally known as a deadweight loss. In a capitalist system, an enterprise is judged to be successful and...
    13 KB (1,754 words) - 08:01, 14 September 2024
  • also known as the creator of the misery index and the analogy of the deadweight loss of taxation with a leaky bucket. He died on March 23, 1980, of a heart...
    5 KB (333 words) - 04:37, 5 June 2024
  • Thumbnail for Monopoly price
    inefficiencies in question are a loss of both consumer and producer surplus otherwise known as a deadweight loss. The loss in both surplus' are deemed allocatively...
    19 KB (2,453 words) - 10:31, 17 August 2024
  • some of the consumer surplus to those producers and also results in a deadweight loss. International price fixing by private entities can be prosecuted under...
    30 KB (3,292 words) - 23:43, 29 October 2024
  • pricing creates a deadweight loss referring to potential gains that went neither to the monopolist nor to consumers. Deadweight loss is the cost to society...
    95 KB (12,803 words) - 18:42, 22 October 2024
  • is also decreased, further decreasing social welfare by creating a deadweight loss. Sources of this market power are said[by whom?] to include the existence...
    76 KB (9,291 words) - 18:47, 18 November 2024
  • production, distort markets, or otherwise create deadweight loss. Land value tax can even have negative deadweight loss (social benefits), particularly when land...
    83 KB (9,242 words) - 02:38, 11 November 2024
  • also have an effect on the deadweight loss associated with a tax regime. When PED, PES or both are inelastic, the deadweight loss is lower than a comparable...
    45 KB (5,903 words) - 00:06, 13 November 2024
  • Thumbnail for Gift
    it, resulting in a misallocation of economic resources known as a deadweight loss. Unwanted gifts are often "regifted", donated to charity, or thrown...
    17 KB (2,017 words) - 17:36, 15 November 2024
  • income tax, deadweight loss exists. Any addition to the price of consumption goods or an increase in the income tax extends the deadweight loss further....
    53 KB (7,390 words) - 18:34, 2 November 2024
  • the equilibrium competitive quantity. The imbalance creates deadweight loss. Deadweight loss from a subsidy is the amount by which the cost of the subsidy...
    60 KB (7,402 words) - 05:11, 28 September 2024
  • Price discrimination can be utilized by a monopolist to recapture some deadweight loss. This pricing strategy enables sellers to capture additional consumer...
    63 KB (7,773 words) - 23:36, 15 October 2024
  • benefit producers $550 so price supports are considered inefficient. The deadweight loss is the efficiency lost by implementing the price-support system. It...
    3 KB (360 words) - 01:01, 2 October 2024
  • Thumbnail for Christmas gift
    lose between one-tenth and one-third of their value; he calls it the "deadweight loss of Christmas". This leads to gifts often being returned, sold, or re-gifted...
    14 KB (1,650 words) - 18:44, 27 September 2024
  • Thumbnail for Gini coefficient
    them to become positive contributors to society. This will lead to a deadweight loss to the national society because there are many people who are underdeveloped...
    95 KB (10,766 words) - 20:41, 18 November 2024
  • Thumbnail for Inflation
    versus Economists". econjwatch.org. Econ Journal Watch: inflation, deadweight loss, deficit, money, national debt, seigniorage, taxation, velocity. p...
    122 KB (14,086 words) - 11:21, 10 November 2024