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This paper warns against the use of Marshallian welfare loss in applied analysis of market power. We show how to compute the Hicksian deadweight loss from an ordinary demand. Then, from an experiment using real data on twenty-one sectors of the French food industry, we find that the Marshallian...
Persistent link: https://www.econbiz.de/10005291115
This paper warns against the use of Marshallian welfare loss in applied analysis of market power. We show how to compute the Hicksian deadweight loss from an ordinary demand. Then, from an experiment using real data on twenty-one sectors of the French food industry, we find that the Marshallian...
Persistent link: https://www.econbiz.de/10009397469
Persistent link: https://www.econbiz.de/10009397850