This paper studies the welfare consequences of a vertical merger that raises rivals costs when downstream competition … is à la Cournot between firms with constant asymmetric marginal costs. The main result is that such a vertical merger can … nevertheless improve welfare if it involves a downstream firm whose cost is low enough . This is because by raising the input price …

literature, its welfare impact for source country residents - or non-migrants - is at best ambiguous. Increased educational …) - whose well-being is a concern for the government - is ambiguous or negative. I compare residents' welfare a) for an open vs … intervention; ii) optimal education policy has a positive or ambiguous impact on residents' welfare (and a positive impact under a …

about how to interpret the estimated capitalization effects as changes in welfare. Following an approach developed by … significant differences in both the capitalization effects and welfare changes associated with the school redistricting. …

to the homogenous good case, consumer surplus as well as producer surplus increases with the dispersion of marginal costs. …

holds true, we construct a model of unionized duopoly and examine welfare implications of outward FDI by paying special … attention to the role of domestic competition. We find that the welfare effect of FDI is largely non-monotonic, and there are … indeed such things as 'excessive FDI.' We also show that, when FDI reduces welfare, this negative effect arises more at the …

entrants increases. Depending on the fixed entry costs and R&D technologies, both insufficient and excess entry can appear. …

This paper shows that the welfare dominance of ad valorem over unit taxes under imperfect competition, extends to the …

setting the two policy instruments have different welfare effects. For a strong green policy (a severe reduction of the dirty …

show that welfare increases when competition is enhanced by lower entry costs. Protecting small stores by imposing … affect profitability, market structure and welfare. Based on unique data for all retail food stores in Sweden, we estimate … demand, recover variable profits, and estimate entry costs and fixed costs by store type. Counterfactual policy experiments …

, countrywide profits, and welfare. Firms face resource constraints and wages are simultaneously determined. Relative to free trade … technology. Domestic welfare is unambiguously penalized. Hence, the general-equilibrium cross-sector perspective goes against the …