financial sector competition in Africa using updated data to appraise second generation reforms. The 'freedom to trade' and …

competition and welfare enables us to provide guidance on how to resolve the policy trade-off between consumer surplus, government … also highlight the welfare effects of various VAT scenarios. While an exempt operator cannot reclaim VAT paid on inputs … fraction of non-rated customers. We report market shares, optimum prices, tax revenue and welfare in a liberalized postal …

of tradable and nontradable goods, we investigate how trade liberalization affects household welfare through changes in … the cost of consumption. Our results show that trade liberalization, particularly China’s WTO accession, brings welfare …

The welfare cost of imperfect competition in the product and labor markets in the United States is quantified in a … dynamic general equilibrium model. We find that the welfare cost of imperfect competition in the product market is 3 … welfare cost of the product market distortion increases to 13.51 percent and the labor market distortion to 4.35 percent …

The impact of product variety on welfare has received little attention in the electronic commerce literature. The … problem with product variety is that more variety does not necessarily imply higher welfare. This paper finds the conditions … under which more variety, if caused by lower fixed costs, implies an unambiguous welfare gain. A calibration to the market …

We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction …

We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction …

We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction …