Although regional resources have been shown to influence secessionist conflicts in developing countries, their effect … discoveries off its coast. We document an economically and statistically significant positive effect of regional resources and …

, reducing conflicts over scarce resources in contested areas. This suggests that market-based solutions are a promising pathway …

contest effects if the degree of group competition over valuable resources is sufficiently small. Regressions using …

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 …