The objectives of government are pivotal to understanding the diverse negative effects of corruption on public welfare …. Corruption renders governments unable or unwilling to maximize welfare. In the first case, it distorts agents decisions and … door to opportunism. …

catastrophes as infinitely bad, even though each individual's utility function is bounded. Finally, I suggest that the welfare … changes. Drawing on recent work in population ethics I propose an alternative welfare framework with normatively desirable … properties, which has the effect of dampening the contribution of catastrophes to welfare. …

welfare consequences of a prohibitive non-tariff measure (NTM) aimed at a foreign product with perceived negative … and another that is concerned about them. Different scenarios concerning the welfare gains from the introduction of an NTM …

In this paper, we study the welfare effects of Christmas presents with a focus on the effect of presents for gift … "giver's surplus" of 10 Euro. This indicates a welfare gain of approximately 143% from the average giver's perspective. The … welfare gain for presents to friends and partners is lower than for presents to close family members. Our empirical analysis …

The mainly used welfare criterion in the social network literature is Bentham´s utilitarian concept. The shortcomings … of this concept are well-known. We compare the outcomes of the utilitarian concept with the Nash social welfare function … of welfare considerations of important network formation models are evaluated by using the multiplicative concept. We …

such a net brain gain results in an increase in welfare and growth due to education's positive externalities. This paper …) the impact on welfare and growth is smaller as well (for any brain gain size); iii) a positive brain gain is likely to … the stock of human capital may have a negative impact on welfare and growth; and v) in a dynamic framework, the paper …