The Substantial Bias from Ignoring General-Equilibrium Effects in Estimating Excess Burden, and a Practical Solution

Goulder, L. H., & Williams III, R. C. (2003). The Substantial Bias from Ignoring General-Equilibrium Effects in Estimating Excess Burden, and a Practical Solution. Journal of Political Economy, 111(4), 898-927.

Type

Journal article

Intellectual base

Primary research

Year

2003

DOI

10.1086/375378

Link

https://doi.org/10.1086/375378

Cited from

economics_finance

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Deadweight Loss
  • Goulder and Williams (2003)

    This sourceDemonstrates that the simple Harberger/excess-burden triangle substantially understates DWL (by a factor of 10 or more) by ignoring general-equilibrium interactions, especially with the labor market and pre-existing taxes.

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