The literature has shown that the implied welfare gains from international financial integration are very small. We … revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes … welfare gains from financial integration are equivalent to a 9% increase in consumption for the median developing country, and …

inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … increase welfare; however, it may also decrease welfare if education is insufficient to alter the equilibrium information and …

. Accordingly, it provides a convenient benchmark for the evaluation of the welfare effectiveness of other well known tariff reform … sources of the potential welfare gains from tariff reform, use it to establish conditions under which some existing reforms … are locally optimal, provide geometric illustrations and compare welfare effectiveness of reforms using numerical examples …

. The consequences of demographic developments for social welfare, broadly defined, are felt over a very long term. Issues … discussed include the contribution of increases in life expectancy to social welfare; the potential effects of population growth …

as supporting evidence for the models’ assumptions. We also discuss the welfare implications of non-coordinated free …

We show that the standard concertina result for tariff reforms -- i.e. lowering the highest tariff increases welfare … tariff is lowered is not capital intensive. If the concertina reform lowers welfare it lowers market access as well, thereby …

This paper analyses differences in welfare utilization between immigrants and natives in Sweden using a large panel … data set, LINDA, for the years 1990 to 1996. Both welfare expenditures and immigration increased substantially in Sweden in … the 1990's. We find that immigrants use welfare to a greater extent than natives and that non-refugee immigrants utilize …

welfare properties. Allowing arbitrageurs to trade makes all investors better off. Arbitrageurs' positions may not be Pareto …

This essay attempts to use the pure theory of welfare economics to address the ethical issues that underlie the choice … of future population size. The essay begins with a summary of welfare economic theory as it pertains to situations where … population size is not subject to choice, and notes that a symmetry (or anonymity) axiom on social welfare functions has almost …