The excess of the total harm done by a tax over the amount of revenue raised.
A situation in which a policy-maker is subject to one or more constraints in addition to those relating to technology and endowments.
Compensation by those causing adverse externalities to the victims of these externalities.
An overview of the concept of dynamic inefficiency in an intertemporal economy.
Definition and meaning of Economic Efficiency
The legal right and practical ability to prevent others from using a good, crucial for defining private and public goods.
The policy of setting the price of a good or service equal to the marginal cost of producing it.
Profit in excess of normal profit earned by a firm that is able to exploit monopoly power.
An exploration of neutral taxes, including definitions, historical context, major frameworks, comparative analysis, and related terms.
Understanding the ways through which employees carry out their tasks in an enterprise.
