-traded good price targeting still delivers higher welfare. …

risk in the national market rather than the local market. The welfare gain from reaching the perfect consumption risk … on the estimated degree of risk sharing participation, the welfare gain from pooling all income risks at the national …

the welfare issue. We find that a fall in offshoring costs benefits the high-wage country but hurts the low-wage country … welfare of the high-wage country depends on the values of offshoring freeness. …

, and global supply chains. We focus on their effects on welfare, trade, industrial organization, and labor markets and with …

a fixed rule for convertibility. Quantifying her line of reasoning from a welfare-based perspective leads to three main … results: (1) Returning to a fixed exchange rate arrangement implies high welfare losses for countries with large public … sectors; (2) The welfare loss is increasing in government size; (3) Increasing the share of public expenditures reduces output …

vegetable commercialization and household welfare, even when controlling for unobserved heterogeneity across households … commercialization through the domestic market channel being positively related to welfare measured by asset holdings and income …

provide for protection against predictable risks of a life cycle, individual carrier models and welfare standardization can no …

, that workfare harms the welfare of the poor and thereby reduces a society’s welfare in general. This paper analyzes these … exclusive. Welfare increases due to the fact that out of the three effects workfare entails, beyond the detected threshold, the …

retaliatory tariffs. Our results also suggest that retaliatory threats have a smaller impact on targeted firms when there is less …