Assertion: deadweight loss | /r/HasProperty | excess burden
Facets:
Source sentences:
text: However, that is not the only interpretation, and Lind and Granqvist (2010) point out that Pigou did not use a lump sum tax as the point of reference to discuss deadweight loss (excess burden).
text: Deadweight loss, also known as excess burden, is a measure of lost economic efficiency when the socially optimal quantity of a good or a service is not produced.