Question:What was the primary reason economists before Harberger believe
that any feasible numerical estimates of deadweight...
Question
What was the primary reason economists before Harberger believe
that any feasible numerical estimates of deadweight...
What was the primary reason economists before Harberger believe
that any feasible numerical estimates of deadweight losses were
unlikely to be meaningful? That is, what type of demand
curve did they think would be necessary to estimate to get
interpretable numbers? Why did they think that the need to estimate
this demand curve made applied work more challenging than using a
conventional demand curve?