resources. The elite uses this power to curtail economic freedom to defend its economic interests by discouraging innovation … distribution) when inequality is high. We argue that the latter finding corresponds to a system of political capitalism or captured …

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 present the results from a natural experiment in which single mothers on welfare were stimulated to find a job. Two … municipalities in The Netherlands, a country with relatively high benefits and low incentives for single mothers to leave welfare for … work. In our analysis, we make a distinction between native and immigrant welfare recipients. For immigrant single mothers …

internal debt, a number of developing countries do not. In this paper, we analyze the effect on FDI and host country welfare of … limits facilitates more aggressive transfer pricing and results in lower host country welfare. …

This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in … country, the domestic welfare costs of a unilateral domestic permit policy are larger than of an internationally coordinated … the post-Kyoto era since bearing the costs of foreign actionism is cheaper, in terms of welfare, than agreeing on …

We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the … the set of all feasible thresholds, accounting for the “cost in terms of welfare” of achieving these rights. We apply the …

welfare, and potentially reduces voter welfare on policy outcomes, thus calling for more strict electoral laws. …