HES: RE: QUERY--Deadweight loss
Mason Gaffney
m.gaffney at dslextreme.com
Fri Jan 19 21:06:13 EST 2007
Nicola Giocoli poses an excellent question. For some perverse reason these
triangles of excess burden are now known as Harberger triangles, although
they surely antedate him.
I doubt if Joan Robinson is guilty: she was too smart and public-minded not
to recognize that they serve to trivialize excess burden by generalizing
from partial to general equilibrium.
I look forward to someone answering Nicola's question better than I can.
Mason Gaffney
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