. For this class, we characterize the welfare properties of competitive equilibria and compare them to that of a planning …-value utility subject to resource constraints. The competitive equilibrium results in strictly higher welfare than does the planning … tax rates on capital. These tax rates reproduce the central planning solution, and thus imply a worse outcome in welfare …

fixing the exchange rate involves a welfare cost depends critically upon the flexibility of monetary policy in responding to …

and local language are very high, but imported skills have zero (conditional) return. Furthermore, the welfare gain from …

institutions in the presence of unionized labour markets on economic outcomes and welfare in the long run. Two main classes of … monopolistically competitive firms and through them on unemployment, inflation and welfare? Second, how are labour taxes and … redistribution chosen by a (Stackelberg leader) fiscal authority whose objectives are a weighted average of social welfare and of …

, which creates incentives for free-riding and strategic delegation. The welfare effects of providing the policy-maker with …. Implications for the welfare effects of ‘informational lobbying’ are discussed. …

We analyse the welfare consequences of an increase in the commissions charged by intermediaries in auction markets. We …

wages and welfare. To this end, we construct a general equilibrium model of a labour-exporting (source) and a labour … welfare in both countries, even if commodity prices are constant. The analysis describes and explains the conditions under … migrating workers, the non-migrating workers, and the government seeking to maximize social welfare. …

. Immigrants are less likely to remain employed in consecutive years than natives are and are more likely to stay on welfare and to …-refugee countries display a similar degree of ‘structural’ state dependence as natives. The high welfare participation rates among … refugee immigrants seem to be due to the existence of a ‘welfare trap’, while participation among natives and non …

dependence. In addition, the labour force status of the household head has different effects for native and immigrant welfare …