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

system; and that social efficiency is the best predictor of development. …

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. …

We assess the consequences for market quality and welfare of different entry regimes and exchange pricing policies in a … outcome in terms of liquidity and (generally) welfare compared to the case of an unregulated monopoly. Controlling entry or …, even better typically, platform fees may further increase welfare. The market may deliver excessive or insufficient entry …

, and use exact hat algebra to quantify the counterfactual effects of a decline in trade costs on trade flows and welfare in …. We find that the effects on welfare turn out to be quite close to those in the standard Melitz-Pareto model even though …