. Wages, employment and welfare increase as a result of further product market integration. It is interesting to note that the …

It may be optimal from a welfare perspective to use R&D subsidies when the source of R&D distortions originates from …

. Accordingly, it provides a convenient benchmark for the evaluation of the welfare effectiveness of other well known tariff reform … sources of the potential welfare gains from tariff reform, use it to establish conditions under which some existing reforms … are locally optimal, provide geometric illustrations and compare welfare effectiveness of reforms using numerical examples …

We show that the standard concertina result for tariff reforms – i.e. lowering the highest tariff increases welfare … tariff is lowered is not capital intensive. If the concertina reform lowers welfare it lowers market access as well, thereby …

economic activity; ii) urban infrastructure development on the economic costs of curbing carbon emissions. Importantly, it is … avoiding the economic and welfare costs of the carbon price only. …

persistent earning losses, we find that the welfare gains from the insurance against job displacement afforded by severance pay …

This paper studies the effect of capital controls on misallocation and welfare in an economy with financial constraints … more for this group of firms, and for young firms that are still trying to reach their optimal scale. In terms of welfare …, the model predicts a sizable aggregate loss of 2.39 percent when capital controls are introduced, with welfare decreasing …