market failure and leads to clear welfare gains, although they fall short of delivering the (constrained) first-best level of … the high-quality good. The main beneficiaries of the welfare gains are consumers. Producers may also accrue some benefit …

the New Member States (NMS), and the consequent welfare implications. The study finds that EU enlargement has important … NMS gain from accession because of higher prices, whereas consumers in most NMS face a welfare loss. Incorporating … technology transfer into the accession increases the welfare gain of producers despite falling prices because of the larger …

, international trade, and global supply chains. We focus on their effects on welfare, trade, industrial organization, and labor …

products in the EU market. We find that the introduction of GM food reduces overall EU welfare, mostly because of the …

A model of the corn, soybean, and wheat markets calculates welfare effects of the U.S. ethanol tax credit. Crop yields …. There is $600 million in net welfare loss, increased taxpayer liability, and a large transfer from consumers to farmers. A …