This paper presents estimates of static and dynamic general equilibrium resource allocation effects for four …. Results indicate that total integration of personal and corporate taxes would yield an annual static efficiency gain of around … dynamic resource allocation effects are sensitive to the choice of the replacement tax, while static gains are reasonably …

This paper examines the optimal allocation of risk in an overlapping-generations economy. It compares the allocation of … risk the economy reaches naturally to the allocation that would be reached if generations behind a Rawlsian 'veil of …

with analysing the allocation of resources among productive uses and the distribution of the resulting product. But, this … effective property rights that inform allocation and distribution are themselves an alternative use of scarce resources ….This paper develops two canonical general-equilibrium models of resource allocation and income distribution that allow for the …

The efficiency of resource allocation is often analyzed in static frameworks with a focus on the cross … important in assessing the efficiency properties of different allocation mechanisms. This paper uses a dynamic model to … importance of taking dynamic efficiency into account in designing resource allocation mechanisms …

lenders and borrowers means that resources are also needed for screening. I show that the privately optimal allocation of …

, while the two policies have similar implications for intersectoral efficiency. From the point of view of domestic welfare …

This paper describes an efficiency approach to the evaluation of policy changes. Rather than comparing the utility …