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

efforts can be analyzed simultaneously. This permits a full-fledged equilibrium/welfare analysis of network formation with …

reallocations, though the welfare effects from these reallocations are small. Overall, we find that the gains from worker mobility … find welfare effects that are many times larger than in the U.S. …

This paper examines whether differences in welfare regimes shape the incentives to work and get educated. Using … microeconomic data for more than 100,000 European individuals, the results show that welfare regimes make a difference for wages and … weakest welfare systems, i.e. those with what is known as ‘Residual’ welfare regimes (Greece, Italy, Spain and Portugal …

illustrate, we estimate the welfare impact of a recent household electrification program in South Africa. Congestion … externalities from migration reduced local welfare gains by half. …

Government spending at the zero lower bound (ZLB) is not necessarily welfare enhancing, even when its output multiplier … utility, it is generically welfare-detrimental: it should be kept unchanged at a long run-optimal value. …

the shocks to the overall volatility, and the welfare implications of regime changes in general equilibrium models. Then …, welfare, and uncertainty. All results are derived analytically, do not require numerical integration, and are therefore …

measure 'quality markups' and the welfare consequences of endogenous product quality in U.S. cable television markets. Related …

to quantify the appropriate policy responses and to analyze the optimal responses from a welfare point of view. We also … reexamine the welfare gains from global monetary policy coordination in a world with trade in oil. …