, the paper contributes an analytic derivation of the tax elasticity of taxable income, the welfare cost of the tax, and … government revenue as a percent of output. It shows how an increase in the tax rate causes the tax elasticity and welfare cost to … elasticity of reported income, the welfare cost of taxation and the tax revenue as a percent of output, with sensitivity analysis …

. This paper looks at the various approaches and methodology used in modelling the economy. The various approaches were … the Philippines considering only one model is actively being used for policy simulations. The development of a new …

>Hiring Labor</li> <li>General Equilibrium</li> <li>Welfare Economics</li> <li>Uncertainty</li> </ul> <br> <b …

various issues on preferential trade agreements. The first essay examines welfare implications of forming preferential trade … an FTA with effective ROO can be welfare-improving to both members. Second, the formation of a PTA is more likely to … analyze differences in welfare implications between an FTA with ROO and a customs union (CU). It is shown that the maximum …

increases the within-industry variance of, sales and reduces welfare gains as consumers dislike price heterogeneity. Our theory …

welfare than these other regimes. …