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 …

We analyze the welfare implications of property taxation. Using a sufficient statistics approach, we show that the tax … inelastic. Combining reduced form estimates with our theoretical framework, we simulate the welfare effects of property taxes …

This paper analyzes welfare-state determinants of individual attitudes towards immigrants - within and across countries … redistributive welfare system might adjust as a result of immigration. Under the first scenario, immigration has a larger impact on … through this channel. Individual attitudes are consistent with the first welfare-state scenario and with labor …