Demonstrating the Equivalence between Two Methods of Measuring Excess Burden

Autor:	Gregory A. Trandel
Rok vydání:	2003
Předmět:	Microeconomics Economics and Econometrics Demand curve Economics education Economics Deadweight loss Mathematical formula Equivalence (measure theory) Education Public finance
Zdroj:	The Journal of Economic Education. 34:54-59
ISSN:	2152-4068 0022-0485
DOI:	10.1080/00220480309595200
Popis:	Excess burden is a key concept in the field of public economics, and the authors of most public finance textbooks describe more than one way to measure it. Excess burden can, for example, be viewed as the area of a triangle underneath a demand curve or as the value of a mathematical formula. To emphasize that these approaches measure the same concept, an instructor can show that changing any relevant variable has the same effect on excess burden in both representations. In so doing, instructors must take particular care when drawing the demand curves associated with changes in price and quantity.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::3a5eb80aa6ad9054d833dc4fa979f925 https://doi.org/10.1080/00220480309595200 Zobrazit plný text záznamu Plný text ve formátu PDF