منابع مشابه
Spurious Deadweight Gains
Marshallian consumer surplus (MCS) is generally an inaccurate measure of welfare change because it neglects income effects. Suppose these effects overturn the usual demand response to a price change. Then, the deadweight loss from a distortionary tax or subsidy has the wrong sign, that is, there is a spurious deadweight gain. JEL Classification: D11, D6.
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Hyperleukocytosis is an oncological emergency but is extremely rare in non-malignant conditions. Nucleated RBCs give rise to spuriously high total leucocyte count and cause clinical dilemma. Thalassemia major patients are known to have leucocytosis even after correction for nucleated RBCs. We report a case of undiagnosed Thalassemia major in a 4 month old infant with total leucocyte count highe...
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We provide a model for analyzing effects of the tax system and spending programs on the determination of government spending and taxpayer welfare. An improvement in the efficiency of either taxes or spending would reduce political pressure for suppressing the growth of government and thereby increase total tax revenue and spending. We demonstrate the similarity of the political responses to rev...
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Most of the alternative revenue streams proposed by commentators (including touring, adverting and merchandizing) had been feasible and actually in existence long before the advent of the digital age. But they used to play more of a secondary role in music businesses until uncontrolled online piracy recently started to undermine music sales. This fact suggests a straightforward yet undervalued ...
متن کاملThe Deadweight Loss of Christmas: Comment
Two previous surveys used to measure the welfare implications of Christmas gift-giving in the United States have reached opposite conclusions. Joel Waldfogel (1993) finds a welfare reduction of 13 percent or more associated with Christmas giving. Curiously, Sara J. Solnick and David Hemenway’s (1996) (henceforth, SH) replication of Waldfogel’s survey turns up just the opposite result: a 214-per...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2001
ISSN: 0165-1765
DOI: 10.1016/s0165-1765(01)00397-4