chip market using transaction level data. The implications of an advertising ban for consumer welfare depend on the view … advertising ban under alternative views of advertising, and show that welfare conclusions depend on which view of advertising the …Restricting advertising is one way governments seek to reduce consumption of potentially harmful goods. There have been …

physicians have lower participation rates than male physicians plus they are subject to higher occupational mismatch, and (ii …) moonlighting is more frequent among male physicians. In this paper we investigate whether such differences are related to the … university graduates, Spanish physicians are the ones most often coupled to partners with the same educational level and/or same …

The literature has shown that the implied welfare gains from international financial integration are very small. We … revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes … welfare gains from financial integration are equivalent to a 9% increase in consumption for the median developing country, and …

inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … increase welfare; however, it may also decrease welfare if education is insufficient to alter the equilibrium information and …