strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not …

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 …

utilitarian social welfare function yields a simple welfare measure which comprises both GDP and income inequality as measured by …Over the last decades, research in behavioural economics has demonstrated that individual welfare (utility), as … gathering that something similar holds for aggregate welfare, i.e. that GDP alone is an insufficient predictor for various …

We investigate the welfare implications of two pre-crisis immigration waves (1991–2000 and 2001–2010) and of the post … across countries and across skill groups. In relative terms, the post-crisis wave induces smaller welfare gains compared to …

(PTAs) and show that the indirect effects can give rise to trade diversion. We also characterize the welfare effects of … persistent finding is that, in the absence of appropriate regulation, preferential trade liberalization can be welfare …

. The policy positions taken can often be determined by ideology. We examine economic policy positions by investigating …

reform in China that was rolled out between 2004 and 2010 with the explicit intention of shaping youths' ideology. To measure …

protection policies depends on socio-cultural factors and political ideology. Unlike most related studies for other countries, we …, we find that some of the respondents' psychological traits are not filtered through their political ideology but directly …