This paper presents a theoretical model to show that in sectors where workers invest in firm specific knowledge employment protection legislation can raise employment, productivity and welfare. The model also predicts a U-shaped relation between firing costs and unemployment. Finally, it gives a...

The purpose of this paper is to introduce a new method capable of evaluating the economic welfare for quality graded fish products using the hedonic price method for plaice in Denmark. Today no labelling scheme exists for the final consumers of different qualities of fish. A scheme does only...

The purpose of this paper is to produce an explicit rule of planner for country h on global income redistribution and to investigate the global effects of income transfer among N countries on national welfare of country h. The finding is, (i) when the cross product of costs of producing public...

This paper studies the interaction between capital income taxation and a means tested age pension in the context of an overlapping generations model, calibrated to the UK economy. Recent literature has suggested a rehabilitation of capital income taxation (Conesa et al. (2009)), predicated on...