Schumpeter's concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP and on welfare is hardly acknowledged, with the...

We theoretically and numerically analyse the impacts for a small, open country with carbon abatement ambitions of joining a coalition with allowance trading. Besides welfare impacts for both the coalition and the small, open economy joining the coalition, we scrutinise how the studied policy...

To limit the dramatic growth of U.S. health care expenditures, some states have mandated that medical providers publicly report their charge prices. Our study evaluates the heterogeneous effects of this price transparency policy. We use a comprehensive database that covers more than 2,000...

Countries have employed a variety of non-pharmaceutical interventions (NPIs) in order to curtail the Covid-19 pandemic. However, the success of individual measures in reducing the number of infections remains controversial. This paper exploits a panel data set of 182 countries to estimate the...

When other measures for economic welfare are scarce or unreliable, the body mass index (BMI) is a biological measure that reflects current net nutrition. This study uses a difference-indecompositions framework to analyze how women's BMIs varied with the advent of early 20th century social...

Average stature reflects cumulative net nutrition and health during economic development. This study introduces a difference-in-decompositions approach to show that although 19th century African-American cumulative net nutrition was comparable to working class whites, it was made worse-off with...

The body mass index (BMI) reflects current net nutrition and health during economic development. This study introduces a difference-in-decompositions approach to show that although 19th century African-American current net nutrition was comparable to working class whites, it was made worse-off...

A population's weight conditioned on height reflects its current net nutrition and demonstrates health variation during economic development. This study builds on the use of weight as a measure for current net nutrition and uses a difference-in-decompositions technique to illustrate how black...

Individuals urbanize when the net benefits to urbanization exceed rural living conditions. Body mass, height, and weight are welfare measures that reflect the net difference between calories consumed and calories required for work and to withstand the physical environment. Nineteenth and early...

A population's average stature reflects cumulative net nutrition and changing long-run economic conditions facing women’s economic opportunity, inequality, and net nutrition during development. This study uses stature as a measure for cumulative net nutrition to show how female and male...