scholarly journals The U.S. shale oil boom, the oil export ban, and the economy: A general equilibrium analysis

2017 ◽  
Vol 2017 (1708) ◽  
Author(s):  
Nida Cakir Melek ◽  
◽  
Michael Plante ◽  
Mine Yucel ◽  
◽  
...  
Keyword(s):  
General Equilibrium ◽  
Equilibrium Analysis ◽  
Shale Oil ◽  
General Equilibrium Analysis ◽  
Oil Boom ◽  
Oil Export ◽  
The U.S

scholarly journals The U.S. Tobacco Buyout: A Partial and General Equilibrium Analysis

2013 ◽  
Vol 45 (3) ◽  
pp. 411-419 ◽  
Author(s):  
Andrew Schmitz ◽  
D.J. Haynes ◽  
Troy G. Schmitz ◽  
Evan D. Schmitz
Keyword(s):  
General Equilibrium ◽  
Healthcare Costs ◽  
Equilibrium Analysis ◽  
Partial Equilibrium ◽  
Worker Productivity ◽  
General Equilibrium Analysis ◽  
Quit Smoking ◽  
General Welfare ◽  
The Impact ◽  
The U.S

This article analyzes the impact of removing the U.S. tobacco program in both a partial and general welfare economics framework. In a partial-equilibrium framework, a consumer tax-funded quota buyout can result in producer gains, consumer losses, net losses resulting from higher prices, and deadweight losses. In a general-equilibrium framework, society can gain from the buyout resulting from considerable potential savings from reduced healthcare costs attributable to a reduction in smoking. Additionally, we present a model that addresses the addictive qualities of tobacco while considering the effects of the quota buyout. We also conclude that another possible effect of the buyout is an increase in worker productivity because employees who are able to quit smoking reduce the amount of smoking-related sick days taken.

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