Deadweight loss Landsburg lays out beautifully why economists think taxes are bad.
What does DWL stand for?
DWL stands for Deadweight Loss (microneconomics)
This definition appears frequently and is found in the following Acronym Finder categories:
- Science, medicine, engineering, etc.
- Business, finance, etc.
See other definitions of DWL
We have 20 other meanings of DWL in our Acronym Attic
- Deutsche Wissenschaftliche Kommission (German: German Scientific Commission)
- Deutscher Werbe Kongress (German: German Advertising Conference)
- Die Wilden Kerle (German film: The Wild Guys)
- District of West Kelowna (Canada)
- Dritte Welt Kreis (German: Third World District; Cologne, Germany)
- Driving while Kissing
- Data Warehousing Knowledge Center
- Drinking With Keith Olbermann (website)
- Diakonisches Werk in Kurhessen Waldeck eV (Germany)
- Datum Waterline (watercraft design)
Samples in periodicals archive:
Although GDP can be expected to reach the same level by 2025 under either scenario, the Government's decision to take swift action has created "a substantial permanent deadweight loss.
The area KEF represents a deadweight loss to the French economy from the substitution of low-cost Belgian iron for high-cost French iron.
A by product of a tax rate increase is the deadweight loss associated with changes in tax revenue, which according to Feldstein is often likely to be equal to or greater than the direct revenue cost itself.
The deadweight loss caused by the tariff is represented by the triangle ABC.
In the next section, we use these estimated elasticities to forecast the employment and deadweight loss effects of nonwage labor costs.
One of the most well known of these pictures is the Harberger triangle, which is used to illustrate the deadweight loss from market restrictions such as monopoly power, quantity restrictions, and price ceilings and floors.
EFFICIENCY LOSS OF THE TAX-QUANTIFICATION In order to quantify, further on, the efficiency loss of a tax we need to compute the value of the above mentioned deadweight loss (of the real economy too), for which we use the following graph: [FIGURE 1 OMITTED] To quantify the area of these two triangles we use, as basis of our calculations, the formula used for quantifying the area of a triangle: (base x height) /2.