excess

(redirected from marginal excess)
Also found in: Dictionary, Thesaurus, Medical, Legal.

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
References in periodicals archive ?
The marginal welfare cost, MWC, is defined as the marginal excess burden divided by the change in tax revenue.
It is important to consider the marginal excess burdens arising from the tax change, equal to the excess of the change in welfare over the extra tax raised, since this indicates the degree to which inefficiencies arise from the distortionary effect of the tax change.
For instance, in an influential contribution Browning (1987, 21) suggests the marginal excess burden of taxes on labor income ranges from 31.
Hospitals routinely run on marginal excess capacity.