We develop a perfect foresight, overlapping generations model with intragenerational inequality and endogenous human and physical capital investment, and we calculate welfare costs for marginal reforms of taxation and public spending. Welfare costs are uniformly lower than in the equivalent...

In 2006, a study, published in the Journal of Public Economics, employing a panel regression of 200 U.S. counties across 20 years, found a significant elasticity of homicides with respect to firearms ownership. Based on this finding the authors made the public policy recommendation of taxing gun...

The main purpose of this paper is to estimate and evaluate the social costs of highways in Japan. In general, with more people concerned about protecting the environment at both local and global levels, dependence on vehicular transportation in cities has brought about problems. Too much...

The study identifies and defines the social costs of the inefficient management of EU funds for Bulgaria. It is analyzed the last due programme period (2007-2015) and its prolongation. As methodology of the research the V4 BM model of Al-Debei and Avison (2010) which has not been used for...

Aim of this study was to assess the annual social cost of air pollution impact on health of Warsaw population. The study consisted of three main parts, i.e. the determination of Warsaw citizens’ exposure to air pollution, the quantification of the health effect as a result of this exposure and...