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Conventional wisdom tells us that with no market failure and local non-satiation of preferences, the core is at least as large as the collection of competitive equilibrium allocations.We con.rm this for a standard model featuring land.Next we consider the public land ownership version of the...
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We present the results from a natural experiment in which single mothers on welfare were stimulated to find a job. Two … municipalities in The Netherlands, a country with relatively high benefits and low incentives for single mothers to leave welfare for … work. In our analysis, we make a distinction between native and immigrant welfare recipients. For immigrant single mothers …
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when choices are made, matter for welfare purposes. …
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laws should be amended.We offer a welfare comparison of the three main current policies towards consumer privacy … pricing strategy and entry decision differently.The free-entry analysis reveals that social welfare is non-monotonic in the …
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welfare, both for a small open economy and for a closed economy.The economy consists of a service sector and a commodity …-run growth and thus welfare in a small open economy, whereas current generations are better off.However, reducing social security …
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