highlight some welfare effects of bankruptcy …

perturbing the regulation. The welfare consequences (ignoring distributional effects) of the perturbation are compactly …

. We show that the net benefits of this policy depends crucially, in general equilibrium, on the value of a tax elasticity …. This result can be interpreted as a ”sufficient statistics” regarding the welfare impact of such a tax-reform (in the …

value of labor mobility for economic prosperity and its determinants. Labor migration and not welfare migration dominates … the future a much higher level of circular and permanent migration. …

mobility issue by not preserving free internal labor mobility and not establishing a joint external migration policy. …This paper examines the migration and labor mobility in the European Union and elaborates on their importance for the … that migration is beneficial is broken. This comes with a crisis of European institutions in general. Migration and labor …

by introducing incomplete contracts, imperfect property rights protection, and a lack of valuation for the environment by …

Lower Saxony, a prime location for renewable electricity generation in Germany with ambitious climate policy goals. The … insights in the nexus between trade policy and climate policy. Simulations suggest that the removal of tariffs creates smaller … welfare gains than a comparable reduction of non-tariff barriers to trade but also a slightly smaller increase in global CO2 …

We investigate the welfare implications of two pre-crisis immigration waves (1991-2000 and 2001-2010) and of the post … across countries and across skill groups. In relative terms, the post-crisis wave induces smaller welfare gains compared to …