equivalents it then calculates how much individual welfare is affected in each economy by unexpected losses and gains of wealth. …

equivalents it then calculates how much individual welfare is affected in each economy by unexpected losses and gains of wealth. …

This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation … past consumption. Although utility may be lower in the presence of consumption externalities, the welfare loss relative to …. However, there are relatively important differences in the timing of the welfare loss and in generational welfare. …

This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation … past consumption. Although utility may be lower in the presence of consumption externalities, the welfare loss relative to …. However, there are relatively important differences in the timing of the welfare loss and in generational welfare. …

affect welfare. If firms also pursue Corporate Social Responsibility (CSR) objectives, input choices may be distorted already … employment if there is efficient bargaining. Importantly from a normative vantage point, such CSR objectives make a welfare …

whether there is wage or efficient bargaining. Moreover, trade unions redistribute income and thereby affect welfare. If firms …. Importantly from a normative vantage point, such CSR objectives make a welfare-enhancing role of trade unions more likely in the …

This paper investigates the effects of the UK privatization process by estimating changes in household welfare on the … generated aggregate welfare gains for households. When exogenous input costs in the production process are controlled for, it is … noted that the role of privatization is more limited, being between 15% and 50% of the total welfare change obtained after …