possible welfare with limited resources. Income and welfare, however, tend to be very unequally distributed in society. Most … theories of justice call for some redistribution for a more equal distribution of welfare. Redistribution diminishes incentives … of tax payers and welfare recipients and, thus, reduces aggregate welfare (efficiency). This article discusses how the …

welfare costs. Capital yields taxes impose an excess burden (deadweight loss) of €10 billion per year and the deadweight loss … interest rates that is conducted by the ECB since 2010 corresponds to a deadweight loss in welfare of €39 billion or 1.4% of … GDP per year. Hence, the cumulated net welfare losses resulting from the subsequent ECB policy of easy money already …

The article analyzes the welfare impact of Germany's tenant protection law. It shows why tenants do not demand …

fully dynamic model class overlapping generations of Fehr (1999) enabling a decomposition of welfare effects into efficiency …

and has announced plans to intensify such regulation in the near future. Using a simple model we examine the welfare … increases welfare only on a small scale. Due to the fact that a price regulation limits the free choice of both marketing … the market. Our model shows that price regulation may fail to enhance welfare if the enterprise advertises its products …

With non-controllable auto-regressive shocks, the welfare of Ramsey optimal policy is the solution of a single Riccati … welfare function. There is no need to simulate impulse response functions over a long period, to compute period loss functions … and to sum their discounted value over this long period, as currently done so far. Welfare is computed for the case of the …