-offs. The analytical expressions we derive for social welfare deliver a transparent understanding of how preferences, technology …

electrification in South Africa, we demonstrate the importance of accounting for migration when evaluating welfare gains of spatial … programs. We also provide a practical approach to computing welfare gains that does not rely on land prices. We develop a … construct welfare bounds as a function of the income and population effects of the new electricity infrastructure. A novel …

implications of this class of preferences on equity premium and on the welfare cost of business cycles. …

This paper studies the effects of anticipated inflation on aggregate output and welfare within a search … welfare. If prices are posted and buyers can direct their search, search intensities are increasing with inflation for low … always reduces welfare even though it can have a positive effect on output for low inflation rates. …

welfare cost measured using an estimated money demand schedule. Second, we provide welfare cost of inflation estimates that …

their paper “The Welfare Costs of Moderate Inflations.” Basic issues concerning the costs and consequences of inflation are …

In welfare theory it is standard to pick the consumption stream that maximizes the welfare of the representative agent …