Agriculture Reference
In-Depth Information
e s = price elasticity of supply;
t' = nominal tariff rate;
V' = value of domestic production at domestic prices.
NEL c = 0.5×n d ×t' 2 ×W'
(A.21)
where:
NEL c = deadweight loss in consumption;
n d = price elasticity pf demand;
t' = nominal tariff rate;
W' = value of domestic consumption at domestic prices.
WG p = t'V'-NEL p
(A.22)
where:
WG p = change in producer surplus;
t' = nominal tariff rate;
V' = value of domestic production at domestic prices;
NEL p = deadweight loss in production.
WG c = -(t'W'+NEL c )
(A.23)
where:
WG c = change in consumption surplus;
t' = nominal tariff rate;
W' = value of domestic consumption at domestic prices;
NEL c = deadweight loss in consumption.
∆GR = t'(W'-V')
(A.24)
where:
∆GR = change in revenue;
t' = nominal tariff rate;
W' = value of domestic consumption at domestic prices;
V' = value of domestic production at domestic prices.
Loss per capita = WG c /total population
(A.25)
where:
WG c = change in consumption surplus.
Search WWH ::




Custom Search