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excess
(redirected from marginal excess)

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia 0.01 sec.
excess
1. Chem a quantity of a reagent that is greater than the quantity required to complete a reaction
2. Commerce payable as a result of previous underpayment


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Over the past twenty years or so, one of the major insights to come out of public-sector economics is that the marginal cost of government provision ought to include the marginal excess burden of taxation.
Determining the best point for this trade-off between inframarginal benefits and marginal excess is obviously not easy.
The slope of the isoexcess-burden curve is equal to the ratio of the marginal excess burden of the two taxes (note the similarity with isoquant/indifference curve analysis).
 
 
 
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