This paper examines the welfare implications of preferential trade agreements (PTAs) from the perspective of small …

We examine the interaction between goods trade and market power in domestic trade and distribution sectors. Theory …

, since these policies have undesirable welfare effects among segments of wage-earning households, they may not garner the …

output and welfare increasing. …

that the welfare functions traditionally used in climate economics are ill-equipped to deal with climate catastrophes in … which population size changes. Drawing on recent work in population ethics I propose an alternative welfare framework with … normatively desirable properties, which has the effect of dampening the contribution of catastrophes to welfare. …

We study welfare effects of public short-time compensation (STC) in a model in which firms respond to idiosyncratic … profitability shocks by adjusting employment and hours per worker. Introducing STC substantially improves welfare by mitigating …

We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the … the set of all feasible thresholds, accounting for the “cost in terms of welfare” of achieving these rights. We apply the …

heterogeneous welfare effects of labor market integration. Whereas individuals without residential property lose from immigration …