-reducing country. The net welfare effect of improving terms of trade and falling capital stocks is negative in both countries. However …, if the country which unilaterally reduces her emission permits is a net creditor to the world economy, her own welfare …

-informed trade unions are output and welfare increasing. Trade between a country with trade unions (the North) and aunion …

revenue finances the provision of a public good, marginal migration reduces social welfare in the source country and raises it … migration has an ambiguous impact on social welfare in either country. When tariff revenue in either country is either equally … effect on social welfare in the host country, and is expected to reduce social welfare in the source. …

The paper analyses the welfare effects of immigration when some sectors of the economy are characterized by wage … demand in the competitive sectors is smaller than in the unionised sectors. In the opposite case, the welfare effect of … immigrat ion is ambiguous; little immigration then reduces the native population's welfare, whereas large scale immigration …

distortionary market power above full information levels and welfare losses which can be counteracted by subsidies. As the market … welfare losses is 1/ n2 . The results extend to demand schedule competition and a range of applications in product and …

slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R&D subsidy to its …

This paper shows that increases in the minimum wage rate can have ambiguous effects on the working hours and welfare of … and instead pay a lower subminimum wage rate. If workers are risk neutral, we prove that working hours and welfare are … working hours decrease with the minimum wage rate, while their welfare may increase. …