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Privatization of Social Security : How It Works and Why It Matters

Kotlikoff, Laurence J. - 1995

effects of privatizing social security, and a simple privatization proposal, the Personal Security System, to discuss other … issues associated with privatization. According to the AK Model, privatizing social security can create major long … compensated for losses from privatization. The precise size of the efficiency gain depends on the existing tax structure, linkage …

Persistent link: https://www.econbiz.de/10012473540

Foreign Competition and Innovation

Helpman, Elhanan - National Bureau of Economic Research - 2023

Empirical studies have found that enhanced foreign competition can encourage or discourage innovation. To address this relationship, I examine a market structure in which a small number of large multi-product oligopolists compete with a large number of small single-product firms in the same...

Persistent link: https://www.econbiz.de/10014436971

Would Privatizing Social Security Raise Economic Welfare?

Feldstein, Martin - 1995

A funded social security retirement program would imply a larger capital stock and a higher level of real income than an unfunded program that provides the same level of benefits. The transition from an unfunded program to a funded program that does not reduce the benefits of existing retirees...

Persistent link: https://www.econbiz.de/10012473594

Dynamics of Large Multinationals

Helpman, Elhanan; Niswonger, Benjamin C. - National Bureau of Economic Research - 2021

We develop a model of large multinational enterprises, each one producing a continuum of products. These outsized firms compete as oligopolists in a domestic and foreign market, facing competitive pressure from single-product firms that engage in monopolistic competition. The multinational...

Persistent link: https://www.econbiz.de/10012659995

An Efficiency Approach to the Evaluation of Policy Changes

Coate, Stephen - 1999

This paper describes an efficiency approach to the evaluation of policy changes. Rather than comparing the utility allocations that arise before and after a policy change is introduced, this approach evaluates a policy change by comparing it with other possible changes which might be made from...

Persistent link: https://www.econbiz.de/10012471468

Advances in Cost-Effectiveness Analysis of Health Interventions

Garber, Alan M. - 1999

The growing application of cost-effectiveness (CE) analysis and controversies about its methods has led to a need to explore its welfare economic foundations. Examination of its welfare theoretic foundations can provide a rationale for selecting specific standards for the application of CE...

Persistent link: https://www.econbiz.de/10012471590

The Public Critique of Welfare Economics : An Exploration

Besley, Timothy - 1999

The welfare economic method for analyzing the case for government intervention is often criticized for ignoring the political determination of policies. While many economists accept the thrust of this critique, exactly when and how political determination interferes with a welfare economic...

Persistent link: https://www.econbiz.de/10012471713

Can Taxes on Cars and on Gasoline Mimic an Unavailable Tax on Emissions?

Fullerton, Don - 1999

A tax on vehicle emissions can efficiently induce all of the cheapest forms of abatement. Consumers could drive less, buy a smaller car with better gas mileage, use cleaner gasoline, and repair pollution control equipment (PCE). However, the technology is not yet available to measure and tax...

Persistent link: https://www.econbiz.de/10012471742

A Contribution to the Theory of Welfare Comparisons

Weitzman, Martin L. - 1999

-minded story told in the familiar language of old-fashioned static consumer-welfare theory …

Persistent link: https://www.econbiz.de/10012471820

Pareto Efficient and Optimal Taxation and the New New Welfare Economics

Stiglitz, Joseph E. - 1987

This paper surveys recent developments in the theory of pareto efficient taxation. This literature attempts to …

Persistent link: https://www.econbiz.de/10012476881

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