Generous income support programs as provided by European welfare states have often been blamed to hamper employment …

provision and illustrate the trade-offs when assessing welfare. …

account in the present paper may push up the optimal inflation targets further. The welfare costs associated with targeting …

sustainable. In this paper, we investigate the welfare effects of giving a larger role to private insurance markets in the face of … welfare calculations. We find that observed willingness-to-pay of many individuals is low, such that providing coverage partly … via a private DI market improves welfare. However, we show that distributional concerns as well as individual risk …

We analyze the welfare implications of property taxation. Using a sufficient statistics approach, we show that the tax … inelastic. Combining reduced form estimates with our theoretical framework, we simulate the welfare effects of property taxes …

We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched … welfare because more agents find themselves in a cooperative relationship. We characterize the conditions for which increasing … competition increases overall welfare. In particular, this is always the case when the incentives for defection are high. …