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An Efficiency Approach to the Evaluation of Policy Changes
Coate, Stephen - 2021
This paper describes an efficiency approach to the evaluation of policy changes. Rather than comparing the utility …
Persistent link: https://www.econbiz.de/10013221511
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Pareto Efficient and Optimal Taxation and the New New Welfare Economics
Stiglitz, Joseph E. - 2021
This paper surveys recent developments in the theory of pareto efficient taxation. This literature attempts to …
Persistent link: https://www.econbiz.de/10013221977
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When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets
Parry, Ian W. H.; Williams, Roberton C.; Goulder, … - 2021
This paper employs analytical and numerical general equilibrium models to assess the efficiency impacts of two policies … put the carbon quota at a signficant efficiency disadvantage relative to the carbon tax: the costs of reducing emissions …. Indeed, second-best considerations severely limit the potential of a carbon quota to general overall efficiency gains. Under …
Persistent link: https://www.econbiz.de/10013232008
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Can Taxes on Cars and on Gasoline Mimic an Unavailable Tax on Emissions?
Fullerton, Don; West, Sarah E. - 2021
instruments. In a simple model with identical consumers, we show conditions under which the same efficiency can be attained by the … efficiency can again be obtained, but only if each person's gasoline tax rate can be made to depend on the characteristics of the …
Persistent link: https://www.econbiz.de/10013233023
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Firm Entry, Trade, and Welfare in Zipf's World
di Giovanni, Julian - 2010
Firm size follows Zipf's Law, a very fat-tailed distribution that implies a few large firms account for a disproportionate share of overall economic activity. This distribution of firm size is crucial for evaluating the welfare impact of economic policies such as barriers to entry or trade...
Persistent link: https://www.econbiz.de/10013138768
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The Economic Benefits from Immigration
Borjas, George J. - 2010
Natives benefit from immigration mainly because of production complementarities between immigrant workers and other factors of production, and these benefits are larger when immigrants are sufficiently `different' from the stock of native productive inputs. The available evidence suggests that...
Persistent link: https://www.econbiz.de/10013139806
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The Welfare Economics of Default Options in 401(K) Plans
Bernheim, B. Douglas - 2011
passive choice, and other 401(k) plan features. Depending on which theory and welfare perspective one adopts, virtually any …
Persistent link: https://www.econbiz.de/10013118423
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Fiscal Policies, Capital Formation, and Capitalism
Feldstein, Martin S. - 2011
This lecture examines the effects of tax policy and social security retirement benefits on capital accumulation and economic welfare. The paper begins by examining how capital income taxes reduce the real return to savers and then discusses the welfare loss of capital income taxation relative to...
Persistent link: https://www.econbiz.de/10013118689
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Productivity and the Welfare of Nations
Basu, Susanto - 2014
We show that the welfare of a country's infinitely-lived representative consumer is summarized, to a first order, by total factor productivity (TFP) and by the capital stock per capita. These variables suffice to calculate welfare changes within a country, as well as welfare differences across...
Persistent link: https://www.econbiz.de/10013066273
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Costly Adjustment and Limited Borrowing : a Welfare Analysis of Policiesto Achieve External Balance
Aizenman, Joshua - 2008
This paper develops an analytical framework for the analysis of adjustment to adverse shocks in the presence of limited access to the international credit market. We consider an economy producing traded and non-traded goods and experiencing a permanent, unanticipated drop in the availability of...
Persistent link: https://www.econbiz.de/10012774617