This paper studies the effects of different income transfers on individual welfare, in both marriage and divorce … level of welfare is deduced by way of a Nash bargaining solution. We show that intergenerational transfers may produce …

barriers to international trade. This paper develops a model in which trading blocs always charge optimal tariffs and make … formation of trading blocs may be harmful. We also compute the welfare effects of trade agreements to get some idea of how …

the welfare implications of such alternative sequences on the various stakeholders within the OECD. The welfare outcomes …

, import subsidies for ethanol may increase social welfare due to the substantial size of the fuel market relative to the corn …

tariffs, with a long-run trade elasticity that is 2.9 times the short-run trade elasticity. We estimate the welfare gains from …We build a micro-founded two-country dynamic general equilibrium model in which trade responds more to a cut in tariffs … trade from a cut in tariffs, taking into account the transition period. While the intensity of trade expands slowly …

A recurrent concern of researchers who measure the cost of protection is that welfare estimates based on models with …

will improve welfare if the benefits of a reduced domestic price distortion exceed the resource cost of smuggling …. Strengthening of anti-smuggling activity need not improve welfare if it induces the devotion of additional resources to activities …

the tariff. Welfare falls when fixed export costs increase and increases for small tariffs and falls for large tariffs, i …This paper presents a two-country intra-industry trade model with bilateral ad valorem tariffs and fixed export costs … welfare. We show that both types of trade barriers reduce (increase) the number of exporting (pure domestic) firms. However …

with free trade and a non-cooperative Nash equilibria. Utilizing aggregate and disaggregate welfare change measures, we … quantify the welfare effects of trade arrangements. In particular, we develop a numerical approximation procedure to decompose … the welfare changes into two components associated with the variations in terms of trade and volume of trade. The results …