Measures of Waste Due to Quotas
AbstractThis 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.
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Bibliographic InfoPaper provided by EconWPA in its series Public Economics with number 0502016.
Length: 6 pages
Date of creation: 28 Feb 2005
Date of revision:
Note: Type of Document - pdf; pages: 6
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Welafare loss; general equilibrium; Debreu; Allais; Hicks; production quota; tobacco;
Other versions of this item:
- Lilyan E. Fulginiti & Richard K. Perrin, 1994. "Measure of Waste Due to Quotas," Food and Agricultural Policy Research Institute (FAPRI) Publications 94-gatt14, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
- Lilyan E. Fulginiti & Richard K. Perrin, 1994. "Measure of Waste Due to Quotas," Center for Agricultural and Rural Development (CARD) Publications 94-gatt14, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Fulginiti, Lilyan E. & Perrin, Richard, 1994. "Measures of Waste Due to Quotas," Staff General Research Papers 739, Iowa State University, Department of Economics.
- Fulginiti, Lilyan E. & Perrin, Richard, 1993. "Measures of Waste Due to Quotas," Staff General Research Papers 776, Iowa State University, Department of Economics.
- Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-04-16 (All new papers)
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- Aldanondo, Ana Maria & Puertolas, Javier, 2002. "International Quota Transfer and Intermediate Goods," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24851, European Association of Agricultural Economists.
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