monopolistically competitive firms and through them on unemployment, inflation and welfare? Second, how are labour taxes and … taxes and redistribution so as to maximize a combination of social welfare and of benefits to particular constituencies … institutions in the presence of unionized labour markets on economic outcomes and welfare in the long run. Two main classes of …

, which is generated by the exit of small firms. Furthermore, the level of social welfare increases with the number of …

qualities, lower prices, and increase quantities sold. As a result, total welfare increases. Industry profits fall, however … before regulations are promulgated, it induces the regulator to weaken its standards, and welfare falls. …

these goals through the underground economy, by evading taxes and union rules in small private enterprises, but it is …

public housing to prevent workers from suffering wealth losses. It would be a Pareto improvement avoiding the large welfare …

plan will increase inequality. Drawing on the findings of empirical research on behavioural responses to taxes, the study …

This Paper analyses the impact of R&D subsidies on incumbent firms to introduce new goods. We are especially interested … in investigating various consequences of government subsidies for R&D, provided to firms that offer products of different …