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An Allais Measure of Production Sector Waste Due to Quotas

Author

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  • Fulginiti, Lilyan E.
  • Perrin, Richard K.

Abstract

This paper adapts a partial equilibrium approach of Allais and Diewert to measure the efficiency loss in the producing sector due to quotas. The measure of waste is the additional profits available for reallocation subject to constraints that the welfare of persons and firms outside the sector is unaffected. It is relevant to a sector which faces fixed prices for some commodities, but endogenous prices for others. Tobacco quotas in the United State are estimated to have caused quota-induced producer-sector waste of approximately $95 million per year during 1950-82, or about 3 percent of the average value of the crop.

Suggested Citation

  • Fulginiti, Lilyan E. & Perrin, Richard K., 1996. "An Allais Measure of Production Sector Waste Due to Quotas," Hebrew University of Jerusalem Archive 18566, Hebrew University of Jerusalem.
    • Handle: RePEc:ags:hebarc:18566
    DOI: 10.22004/ag.econ.18566
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    Cited by:

    1. is not listed on IDEAS
    2. 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.
    3. Kono, Tatsuhito & Kishi, Akio, 2018. "What is an appropriate welfare measure for efficiency of local public policies inducing migration?," Mathematical Social Sciences, Elsevier, vol. 91(C), pages 25-35.

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