assess welfare and, in particular, the inequality effects involved. For that we built a general equilibrium heterogeneous … income and wealth. Results show that, with the exception of the Belgian case, all consolidation strategies entail positive … welfare gains. The transition costs affect all episodes and are determinant in sorting among the welfareenhancing strategies …

Governments behavior is expected to be non-neutral in terms of impacts on both welfare and inequality. In spite of … model with heterogeneous-agents and where wealth and income distribution is determined endogenously. Using a model capable … of exploring the relationship between fiscal policy variables and the endogenous cross-section distribution of income …

levels of welfare and is recommended on that basis. This price system is adopted by some airports in the EU, in order to … insight on the effects of both pricing systems on welfare. Within the framework of a vertical differentiation model, and using … welfare, although it is the system preferred by the airport and by the low quality firm. These results are opposite to …