result, Mises' critique that socialism could not achieve a rational economic order came to be debated throughout the 1980s … rational socialism and socialist markets helped to justify the Socialist Market Economy with Chinese Characteristics the …

slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R&D subsidy to its …

We measure the welfare consequences of endogenous quality choice in imperfectly competitive markets. We introduce the … concept of a "quality markup" and measure the relative welfare consequences of market power over price and quality. For U … marginal costs, but qualities are also 23% to 55% higher than socially optimal and the welfare costs of each are similar in …

, the welfare increases of the household, as measured by changes in consumption, are larger than when services are provided … confirm. Thus, we find that bundling of services may help realize welfare effects. …

dispersion of inflation expectations results in a lower markup dispersion and a welfare gain equivalent to a 0.79 percent …

Welfare states contribute to people's well-being in many different ways. Bringing all these contributions under a …, Germany, France, and Sweden) that represent the principal types of welfare and gender regimes, we propose ways of …, transfers, and childcare subsidies in these five countries. In so doing, we calibrate the contributions of the different welfare …