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An Allais Measure of Production Sector Waste Due to Quotas

Author

Listed:
  • Lilyan E. Fulginiti

    (University of Nebraska)

  • Richard K. Perrin

    (University of Nebraska)

Abstract

In this paper we adapt 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 due to reallocation subject to constraints that the welfare of persons and firms outside the sector is unaffected. An example is presented using the tobacco quota program in the U.S.

Suggested Citation

  • Lilyan E. Fulginiti & Richard K. Perrin, 2005. "An Allais Measure of Production Sector Waste Due to Quotas," Public Economics 0502017, EconWPA.
  • Handle: RePEc:wpa:wuwppe:0502017
    Note: Type of Document - pdf; pages: 10
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    File URL: http://econwpa.repec.org/eps/pe/papers/0502/0502017.pdf
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    References listed on IDEAS

    as
    1. Sumner, Daniel A, 1981. "Measurement of Monopoly Behavior: An Application to the Cigarette Industry," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 1010-1019, October.
    2. Auerbach, Alan J., 1985. "The theory of excess burden and optimal taxation," Handbook of Public Economics,in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 1, chapter 2, pages 61-127 Elsevier.
    3. Vousden,Neil, 1990. "The Economics of Trade Protection," Cambridge Books, Cambridge University Press, number 9780521346696, April.
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    Cited by:

    1. 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.
    2. repec:eee:matsoc:v:91:y:2018:i:c:p:25-35 is not listed on IDEAS

    More about this item

    Keywords

    deadweight loss; production sector; quotas; waste; Allais;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics

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