Measuring Welfare Impacts from Equilibrium Supply and Demand Curves: An Antidumping Case Study

In this paper we present an applied welfare analysis in the tradition of Harberger that confronts the notable exceptions to the appropriate use of a single market measure for general equilibrium welfare analysis. We bring together the results of several elaborative studies on Harberger's 1971 essay and present some empirical remedies that address the notable exceptions to the appropriate use of estimates made in a single market. A case study involving a U.S. antidumping suit against Canadian exports of potash is presented. Copyright 1996, Oxford University Press.