There is a strong suggestion from the existing literature that volunteering improves the wellbeing of those who give up their time to help others, but much of it is correlational and not causal. In this paper, we estimate the wellbeing benefits from volunteering for England's National Health...

There is a strong suggestion from the existing literature that volunteering improves the wellbeing of those who give up their time to help others, but much of it is correlational and not causal. In this paper, we estimate the wellbeing benefits from volunteering for England's National Health...

Conventional economic modelling of social welfare predicts that welfare payments will have unequivocal negative effects upon the economy in terms of labor supply, production costs, and employment. However, the conventional model is built upon assumptions that are too restrictive given the...

We develop a dynamic general equilibrium model where robots can be substituted for unskilled labor and the government uses the tax revenues for social capital investment and compensation of those who do not work. As the main novelty of the paper, we consider that social capital augments the...

Since the start of the century, many countries in Sub-Saharan Africa have experienced large gains in life expectancy and average consumption levels. Around the same time, an unprecedented international effort has taken place to combat HIV/AIDS mortality with the expansion of anti-retroviral...

In this paper we argue that two important causes of welfare losses in oligopolistic markets have been neglected. We show that in models where location is endogenous, welfare losses arising from wrong locations or from lack of market coverage may be substantial despite firms competing in prices....

This Article critique the role that the partial equilibrium trade-off paradigm plays in the debate over the definition of “consumer welfare” that courts should employ when developing and applying antitrust doctrine. The paper contends that common reliance on the paradigm distorts the debate...

This paper combines the theoretical cognition of welfare measurement with the technique of microsimulation allowing to quantify the welfare effects and the excess burden of tax systems and tax reforms. The newly developed microsimulation module is applied on severeal flat tax reform scenarios...

In an environment that features second-degree price discrimination, this paper fully characterizes the set of surplus divisions that can arise from all possible information consumers have about their valuation. By extending the techniques developed in a companion paper (Yang, 2019a), I show that...

The complexity of the modern world imposes significant cognitive and material costs on consumers. This paper models decision costs to better describe and understand the effects of behavioural policy, and finds that, similar to traditional economic policy, behavioural policies can create welfare...