nonparametric results for the joint distribution of welfare and welfare differences, as well as for social welfare. The former is an …Empirical welfare analyses often impose stringent parametric assumptions on individuals’ preferences and neglect … unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for …

.3% of GDP. We analyze the welfare implications of the interactions even of moderate rates of inflation with the distorting …, demand for owner-occupied housing, money demand, and government debt service. We estimate the direct welfare effects of … percentage points permanently increases welfare by 1.4% of GDP. Finally, the optimal rate of disinflation is considered …

analyzing the effects of policy changes on long-run welfare …

determinants of social welfare expenditures on treatment and patient health outcomes. In the 1980s, the welfare effects of … competition were ambiguous; but in the 1990s, competition unambiguously improves social welfare. Increasing HMO enrollment over …

competition for patient and social welfare are complicated by asymmetric information and moral hazard due to health insurance. We … methods. We then summarize our main results on the welfare consequences of competition. We conclude with an illustration of … how our methods can be used to assess the welfare implications of specific hospital mergers, and with some implications of …

structural model, I quantitatively evaluate the welfare consequence of light bulb ban, which prohibited the production of energy …