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What Is Deadweight Loss?

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Marginal Revolution University

Marginal Revolution University

Күн бұрын

Deadweight loss is lost gains from trade caused by a market inefficiency.
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Пікірлер: 56
@mitalikshatriya6365
@mitalikshatriya6365 4 жыл бұрын
i read several other websites before visiting this. This was the only one that made me understand.
@Ajeet1458
@Ajeet1458 4 жыл бұрын
😊 Same with me...
@kikikiki8381
@kikikiki8381 8 ай бұрын
So how do I lose weight
@sharifshabir5398
@sharifshabir5398 3 жыл бұрын
First time I understand economic concept like this Thank you dear
@juanlu3958
@juanlu3958 2 жыл бұрын
Go check the land value tax,the tax system without any deadweight loss
@adamallred7615
@adamallred7615 4 жыл бұрын
This was really helpful, thank you!
@nryle
@nryle 5 жыл бұрын
Great vid, easy to follow.
@megha8835
@megha8835 3 жыл бұрын
Superb 🙌🙌🙌🙏 It was easy to catch.. Watching at 3:30am 😬😬 Still intersting
@xX3laal9amtXx
@xX3laal9amtXx 3 жыл бұрын
احب هذي القناة لانها جعلت مادة الاقتصاد سهلة وممتعة ❤️❤️
@TheRoamingPrepper
@TheRoamingPrepper Ай бұрын
Great video. thanks for sharing
@sineadamadi6204
@sineadamadi6204 3 жыл бұрын
It’s the fact that the music went silent at the exact time I understood this 😍
@-s9314
@-s9314 2 жыл бұрын
lol sameee
@kshytyj
@kshytyj 4 жыл бұрын
Thank you. It was really helpful.
@user-uu3gd8eo1c
@user-uu3gd8eo1c Жыл бұрын
thanks for simplifying the explanation!
@alparslankorkmaz2964
@alparslankorkmaz2964 3 жыл бұрын
Nicely explained.
@nicenice8143
@nicenice8143 Жыл бұрын
Thank you, this helped a lot!
@sultonmamadchorshanbiev1972
@sultonmamadchorshanbiev1972 4 жыл бұрын
Thanks for good explanation!
@hanamuneer8233
@hanamuneer8233 3 жыл бұрын
I dont get it
@hennymehta8484
@hennymehta8484 3 жыл бұрын
What do mean by benefit of the trip? It's satisfactory benefit?
@driip5981
@driip5981 3 жыл бұрын
Excellent explanation
@berlinkersaint815
@berlinkersaint815 4 жыл бұрын
Thank you , I finally understand
@eftiefti190
@eftiefti190 3 жыл бұрын
u explained very welll❤
@sharonmusee673
@sharonmusee673 Жыл бұрын
Super helpful!
@jffryh
@jffryh 5 жыл бұрын
@2:58 "negative externalities"
@Summerofsam
@Summerofsam 5 жыл бұрын
Yes! I think this should have been stated in the beginning. If you don't finish the full video you might never be able to catch that information.
@FinEconTalks
@FinEconTalks Жыл бұрын
Thanku
@benjaminbauer425
@benjaminbauer425 2 жыл бұрын
Explanation looks incomplete to me. Lets take the bus example. But if I have 50$ but the bus cost me 60$ due to tax, they say it is not made up for in value because there is no revenue, but i will still spend it on something else (maybe i go to a restaurant instead). I dont study Economics, I study competition law and so Im trying to understand why monopolies are bad. Sofar I havent come across any good explanation.
@shakibahmed9777
@shakibahmed9777 5 жыл бұрын
Thanks
@ThePeterDislikeShow
@ThePeterDislikeShow 4 жыл бұрын
Approximately how much deadweight loss is there in the economy?
@vintjoseph7450
@vintjoseph7450 3 жыл бұрын
how can you make something so simple complicted :-P :-P ?
@TorySlusher
@TorySlusher 4 жыл бұрын
Why aren't the central banks which are all doing Nirp considered to be a deadweight loss? Serious question. I guess someone will say that they're inviolable or sacrosanct because someone created little pieces of paper (laws/exemptions) and placed them inside of fancy buildings (which grants them the rights to do these things). Simply put, better than the rest of us and therefore not held accountable for anything, ever.
@stressedhaish69420
@stressedhaish69420 Жыл бұрын
Nero?
@absolomgapara174
@absolomgapara174 Жыл бұрын
Now thats how to explain!
@loicklepine8490
@loicklepine8490 4 жыл бұрын
Why isn't the new price 3$ ? 2$ + 1$ because of the tax?
@Footballpro0987
@Footballpro0987 Жыл бұрын
the producers decreases his profit by 50 cents and bares the 50 cent tax.
@imrnp
@imrnp 2 жыл бұрын
how is there no revenue if the government gets the tax
@tarun_235
@tarun_235 3 жыл бұрын
good vdo keep it up
@CvnDqnrU
@CvnDqnrU 4 жыл бұрын
When you say "market inefficiency" you mean the government, right?
@videakias3000
@videakias3000 4 жыл бұрын
not necessarily,sometime market fails and government has nothing to do with it. government wasn't the one responsible for the video game crush of 1983
@CvnDqnrU
@CvnDqnrU 4 жыл бұрын
@@videakias3000 How's that related?
@videakias3000
@videakias3000 4 жыл бұрын
@@CvnDqnrU dammit,for a moment i thought you said market failure. i guess it is not related to what you said.
@discojohn8753
@discojohn8753 4 жыл бұрын
@@videakias3000 That was not a free market failure. The president of Atari was inside trading, which led to a bubble, which led to a collapse. The only reason free markets work is because nobody has the advantage. Milton Friedman famously said "You have to choose if you are pro business, or pro free market." That was a result of someone being pro business, not a free market failure.
@videakias3000
@videakias3000 4 жыл бұрын
@@discojohn8753 how was the pressident of atari responsible for the fact that there were too many consoles in the market and that many games didn't mantion in their box the name of the console that they were suppossed to play on?
@kelvinmugini6793
@kelvinmugini6793 2 жыл бұрын
imekaa poa sana
@lucasleite694
@lucasleite694 3 жыл бұрын
intro music hella nostalgic
@doseoffaiyaz
@doseoffaiyaz Жыл бұрын
You lose 10 dollars worth of a trip. The bus driver/company loses 10 dollars worth of revenue. The government loses tax revenue. The world is worse off.
@thaingan6378
@thaingan6378 4 жыл бұрын
why trip to NY equal 1 and 0 ??
@justkira3242
@justkira3242 4 жыл бұрын
the one means that 1 trip was taken before tax. After tax, 0 trips were taken.
@miltonfriedmann2664
@miltonfriedmann2664 8 ай бұрын
T
@xxitzzcasteexx4377
@xxitzzcasteexx4377 2 жыл бұрын
「目標を指定してお金が必要」、
@jzk2020
@jzk2020 5 жыл бұрын
Can you calculate the dead-weight loss of African Americans being disenfranchised, disproportionately targeted by the prison industrial complex and generally the unwillingness of White America to invest & treat them just like they would treat their own fellow white Americans. Thank you.
@diogocoelho293
@diogocoelho293 5 жыл бұрын
Asshole
@Boristien405
@Boristien405 5 жыл бұрын
C. Lincoln - Here’s a fun fact: deadweight loss doesn’t happen without government intervention... situation is applicable here too. Government has always been the deadliest and most discriminatory organization, and people want to give it MORE value.
@jffryh
@jffryh 5 жыл бұрын
negative externalities happen without government intervention
@Boristien405
@Boristien405 5 жыл бұрын
jffryh - They can. That doesn’t mean the deadweight loss we are talking about will happen. In a perfectly competitive market, DWL is impossible. And monopolies have no history of taking form without the help of government.
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