This paper addresses the issue of measuring waste due to the imposition of a production quota. our objective is to elaborate two alternative general equilibrium concepts of the welfare loss due to the imposition of a production quota, and to illustrate their use by considering costs of the U.S....

This study uses the quantity-based Allais-Debreu measure of loss to measure the waste, in output or resources, induced by interventions in the agricultural sector in 18 developing countries.

In this paper we adapt a partial equilibrium approach of Allais and Diewert to measure the efficiency loss in the producing sector due to quotas. The measure of waste is the additional profits available due to reallocation subject to constraints that the welfare of persons and firms outside the...

The objective of this paper is to present Hickssian general equilibrium approaches to productivity measurement in the presence of market failure.