by drawing out the implications of the analysis for the study of the political economy of the environment-trade-welfare … equilibrium of a small open economy where the environment is an input to production. Differences in the ability of individuals to … role in the determination of collective choices with respect to the regulation of the environment and of trade. We conclude …

equalization and one with different factor prices. When factor prices are equalized, trade improves welfare under relatively mild …

country. We analyze the consequences of this migration for both inequality and welfare for the source and the host country. … technological advantage in the skilled intensive good when we allow for both trade and migration skilled workers migrate to that …

We consider firms and multi-member households operating in a competitive market environment. Households are endowed … model. Existence of general equilibrium and validity of the first welfare theorem are investigated. …

We study the welfare properties of a general equilibrium banking model with moral hazard that encompasses incentive … welfare and yield an optimal level of banks’ risk of failure. This result holds even though the risk of failure of competitive …

We consider a general equilibrium model where groups operating in a competitive market environment can have several …

We examine how a shift of bargaining power within households operating in a competitive market environment affects … equilibrium allocation and welfare. If price effects are sufficiently small, then typically an individual benefits from an … increase of bargaining power, necessarily to the detriment of others. If price effects are drastic the welfare of all household …

a comprehensive assessment of regulatory and monetary policy, as well as welfare analysis in the different sectors of …