DWLvolume
DWLvolume is a term occasionally used in economic modeling to denote a scalar measure of deadweight loss expressed in a volume-like form rather than as purely monetary terms. It is not a universally standardized metric in mainstream economics, but appears in some theoretical and applied policy studies that seek to compare welfare consequences across different market outcomes or time horizons. In these uses, DWLvolume aims to capture the aggregate welfare shortfall attributable to market distortions by combining the per-unit welfare gap with a notion of throughput or traded volume.
Calculation and interpretation are model-dependent. DWLvolume is typically defined by rules that map welfare shortfalls to
Applications and critique: DWLvolume is used in analyses where price-based measures are insufficient or where throughput