We investigate the welfare implications of two pre-crisis immigration waves (1991–2000 and 2001–2010) and of the post … channels of transmission of immigration shocks – the employment and wage effects, the fiscal effect, and the market size effect … across countries and across skill groups. In relative terms, the post-crisis wave induces smaller welfare gains compared to …

Immigration policy can have important net fiscal effects that vary by immigrants’ skill level. But mainstream methods …

heterogeneous welfare effects of labor market integration. Whereas individuals without residential property lose from immigration …

variables over the period 1970 to 2013. For the baseline simulation, the welfare gain for capital owners is 3.7% of per …-period consumption while workers suffer a welfare loss of 1.4%. Using counterfactual simulations, we find that both groups could have …

catastrophes as infinitely bad, even though each individual's utility function is bounded. Finally, I suggest that the welfare … changes. Drawing on recent work in population ethics I propose an alternative welfare framework with normatively desirable … properties, which has the effect of dampening the contribution of catastrophes to welfare. …

prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … structure. I show that one cannot determine which regulatory instrument that induces the highest expected welfare based on the …

Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to … of input they purchase. We show that the welfare ranking may be reversed once we introduce a nonnegativity constraint on …

the excessive entry prediction. Tax evasion raises the number of firms in market equilibrium and can alter their welfare … the direct welfare consequences of tax evasion and the relationship between evasion and the tax base. We also determine … conditions which imply that overall welfare declines with tax evasion. …