Empirical Welfare Maximization (EWM) is a framework that can be used to select welfare program eligibility policies … policy, in addition to its welfare. Due to the additional estimation error, I show there exist no rules that achieve the … highest welfare possible while satisfying a budget constraint uniformly over a wide range of DGPs. This differs from the …

Cost-benefit analysis and social welfare functions are two closely related methods to evaluate impacts of policies on … willingness to pay. Social welfare functions are more flexible to aggregate and trade-off impacts on animals, but they are not yet …-anthropocentric) perspective and to include animals in social welfare functions. Yet, policy analysts who seek to implement any of these approaches …

advanced in the pertinent literature, they found only rising welfare state generosity to be significantly associated with … considered and, as a consequence, to raise the precision of coefficient estimates. Due to increased precision, not only welfare …-run changes in countries' happiness, whereas other candidate explanatory variables remain insignificant. Welfare state generosity …