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Another note on deadweight loss

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  • Michael J. Stutzer

Abstract

Our defense of these postulates is two-fold. First we compare them with existing alternative theories. Second, we provide an illustrative model which : (a) is consistent with the postulates, (b) implies rate-of-return dominance under suitable legal restrictions, and (c) addresses monetary policy questions with standard welfare economics and, in particular, rationalizes in terms of price discrimination a debt management policy that ?tailors debt issues to the needs of the market.?

Suggested Citation

  • Michael J. Stutzer, 1981. "Another note on deadweight loss," Staff Report 63, Federal Reserve Bank of Minneapolis.
    • Handle: RePEc:fip:fedmsr:63
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    References listed on IDEAS

    as
    1. Kay, J. A., 1980. "The deadweight loss from a tax system," Journal of Public Economics, Elsevier, vol. 13(1), pages 111-119, February.
    2. Silberberg, Eugene, 1971. "The le chatelier principle as a corollary to a generalized envelope theorem," Journal of Economic Theory, Elsevier, vol. 3(2), pages 146-155, June.
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    Cited by:

    1. Michael J. Stutzer, 1984. "Varible Rate Subsidies : The Ineficiency of In-Kind Transfers Revisited," Public Finance Review, , vol. 12(1), pages 77-95, January.

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