the excessive entry prediction. Tax evasion raises the number of firms in market equilibrium and can alter their welfare … the direct welfare consequences of tax evasion and the relationship between evasion and the tax base. We also determine … conditions which imply that overall welfare declines with tax evasion. …

determined by the direct welfare consequences of tax evasion and the relationship between evasion and the tax base. We also … determine conditions which imply that overall welfare declines with tax evasion. …

interestingly social welfare is reduced by RPM (at least locally) exactly under those circumstances where RPM induces higher service … (and price). Hence, welfare decreases exactly in the case which was frequently presented for the justification of RPM to …

. Our main result is that network effects create a fundamental conflict between the maximization of social welfare and … welfare is highest in the asymmetric equilibrium. We also show that both consumer surplus and social welfare are higher in any …

This paper shows that the welfare dominance of ad valorem over unit taxes under imperfect competition, extends to the …

(b) the weights in the social welfare function given to consumers and firms are different. We assume quasilinear utility … less elastic. When the weights given to consumers and firms are not identical, social welfare is not necessarily concave … and profits might be negative at the unrestricted optimum. We characterize social welfare optimum with a bound on maximum …