Difference between revisions of "Deadweight Losses"
From Critiques Of Libertarianism
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{{DES | des = Libertarians love to complain about deadweight losses due to taxation, and frequently exaggerate their size visually. But plenty of market activities also cause deadweight losses. And deadweight losses can be offset many times over by the actions government can take with tax money. | show=}} | {{DES | des = Libertarians love to complain about deadweight losses due to taxation, and frequently exaggerate their size visually. But plenty of market activities also cause deadweight losses. And deadweight losses can be offset many times over by the actions government can take with tax money. | show=}} | ||
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| + | Some market causes of deadweight losses: | ||
| + | * holdout problems (some estimates as high as 10% GDP) | ||
| + | * unemployment | ||
| + | * market power due to monopoly or oligopoly | ||
| + | * mark-up pricing (aka fixpricing) | ||
| + | * financial sector profits | ||
| + | * interchange fees for credit cards | ||
| + | * externalities | ||
| + | * positional goods | ||
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