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Gordon Tullock critiques the conventional methods of measuring the welfare costs of tariffs and monopolies, arguing that they significantly underestimate these costs. He emphasizes that the welfare triangle, often used in such analyses, fails to account for additional costs such as collection expenses and inefficient resource allocation. Tullock asserts that both tariffs and monopolies impose substantial social costs that extend beyond mere transfer payments, highlighting the need for a more comprehensive e

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lfsqueiroz.ecn

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EN