Recent studies on the welfare implications of internationally mobile capital for a country employing commercial policy … such policies is welfare-decreasing under CRS conditions. The analysis to encompass variable-returns-to-scale (VRS) is …

Purpose – This paper aims to estimate a set of welfare weights for Turkey, based on per capita regional incomes, and to … regional welfare weight measure is the elasticity of marginal utility of income (e), and it is estimated using a tax … Turkey is 1.25, and this value, in combination with per capita income levels, produces measured regional welfare weights for …

critique of welfare economics and his concern with underdevelopment and poverty. It is argued that Sen has done a great deal to … rescue welfare economics from the consequences of methodological individualism by seeking an objective basis for comparisons …

A recurrent concern of researchers who measure the cost of protection is that welfare estimates based on models with …

will improve welfare if the benefits of a reduced domestic price distortion exceed the resource cost of smuggling …. Strengthening of anti-smuggling activity need not improve welfare if it induces the devotion of additional resources to activities …

Proposes a model which shows that Stackelberg competition is not necessarily welfare- enhancing compared with Cournot … than Cournot. Derives conditions under which in this framework Stackelberg competition leads to lower expected welfare, in …

policies. However, evidence on which the measured distributional welfare weights are based is neither broad enough nor …/methodology/approach – An important component of the welfare weight measure advocated by HM Treasury is the elasticity of marginal utility of … paper will be of interest to academics specialising in welfare economics and to practitioners involved in social project …

This article analyses the welfare implications of the customs unions in the presence of multinational corporations for … welfare and employment of the small open economy if the multinational sector is relatively capital-intensive. However, the … welfare and the employment effects of trade diversion I are ambiguous whereas trade diversion II affects employment level …