Download or read book Production Quota Buyouts written by Dwayne J. Haynes and published by . This book was released on 2013 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under a treasury buyout (TB), producers gain, consumers are not taxed to fund the buyout, and society does not face efficiency losses due to the buyout. For these reasons, producers, consumers, and society favor a TB over a CTB. The third paper analyzes and compares the impact of the US Tobacco Quota Buyout within both a partial and a general-equilibrium framework. In a partial-equilibrium framework (as presented in the first paper) a tobacco quota buyout results in producer gains, consumer losses, and net losses because of higher prices and deadweight losses. Within a general-equilibrium framework, the tobacco quota buyout results in a decrease of society\U+2019\s smoking-related healthcare costs due to the decrease in demand for tobacco. It also leads to an increase in worker productivity as employees reduce the amount of smoking-related sick days taken.