tradeable emission permits are specified according to the standard textbook example, they yield higher social welfare than the …

of needy parents on government benefits, in part by promoting marriage; the pre-reform welfare system was widely believed … to discourage marriage because it primarily provided benefits to single mothers. However, welfare reform may have … on work. This paper uses Vital Statistics data on marriages and divorces during 1989-2000 to examine the role of welfare …

externalities, technological progress does not guarantee increases in the welfare level. Most important for policy purposes, the …

In this paper we show how the size of innovation can affect the incentive for cooperative R&D and social welfare. When … cost difference between large and small innovations is not sufficiently large then social welfare can be more under small …

/family bind amongst middleclass professionals and poor lone mothers. This is clearly seen in US welfare reform, an important piece …

Papers on international business cycles have documented spurious welfare reversals: incomplete markets produce a higher … level of welfare than the complete market. This paper first demonstrates how conventional linearization, as used in King …, Plosser, and Rebelo (1988), can generate approximation errors that can result in welfare reversals. Using a two …