The Measurement of Waste¶
Harberger, A. C. (1964). The Measurement of Waste. American Economic Review, 54(3), 58-76.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Mechanisms¶
- Cost–Benefit Assessment Protocol
- On the benefit side: entry rises, prices fall, and the gains-from-trade currently blocked — the braiding services that simply don't happen because licensure priced the braiders out — get recovered; that recovered surplus is the Harberger-triangle estimate.
This sourceFrames the Harberger triangle as a measure of allocative welfare loss caused by economic distortions.
- On the benefit side: entry rises, prices fall, and the gains-from-trade currently blocked — the braiding services that simply don't happen because licensure priced the braiders out — get recovered; that recovered surplus is the Harberger-triangle estimate.
- Distortion-Reduction Review
- By forcing every barrier into an avoidable part and a protected part, it turns a political argument into a diagnosis the later mechanisms can act on, and it makes the stranded surplus — the classic deadweight loss, the value destroyed with no offsetting gain — explicit enough to weigh.
This sourceDevelops measures of deadweight loss as economic waste associated with distortions and nonoptimal allocations.
- By forcing every barrier into an avoidable part and a protected part, it turns a political argument into a diagnosis the later mechanisms can act on, and it makes the stranded surplus — the classic deadweight loss, the value destroyed with no offsetting gain — explicit enough to weigh.
Verification¶
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Does it back the claim? Not recorded. Neither this nor any other of the 2 citations of this work carries a recorded support check.
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