This paper explores some implications of the comparison between feedback Nash and Stackelberg equilibria for growth and … welfare in a `voracity' model. We show that as compared to the Nash equilibrium, the Stackelberg equilibrium involves a lower … growth rate while it leaves both the leaders and the followers better o, i.e., the Stackelberg equilibrium is Pareto superior …

welfare is highest under the importing country's leadership and lowest under the exporting country's leadership. …

country is a leader, but that the follower is worse off if the exporting country is a leader. Consequently, the world welfare …

We study the effect of dynamic and investment externalities in a one-sector growth model. In our model, two agents …

We study the effect of dynamic and investment externalities in a one-sector growth model. In our model, two agents …

effects (lower GDP growth and lower income inequality); and welfare effects (lower dispersion of consumption across …This paper analyzes the effects of personal income tax progressivity on long-run economic growth, income inequality and … social welfare. The quantitative implications of income tax progressivity increments are illustrated for the US economy under …

profits.Balanced growth paths, transitional dynamics and welfare costs are computed. Our results indicate that the 2000 Income … Tax Act leads to higher per capita income and investment, but lower welfare.A sensitivity analysis shows the results are …

effects (lower GDP growth and lower income inequality); and welfare effects (lower dispersion of consumption across …This paper analyzes the effects of personal income tax progressivity on long-run economic growth, income inequality and … social welfare. The quantitative implications of income tax progressivity increments are illustrated for the US economy under …

children. This positive welfare effect dominates an indirect negative welfare effect due to a lower growth rate. But, if …Do in-cash and in-kind transfers to families affect parental fertility choices and economic welfare differently? We …. We find that cash transfers lead to both higher fertility and welfare if parents strongly value the quantity of their …

This paper considers the effects of humanitarian aid on economic welfare through a demographic transition channel. We … monetary humanitarian aid on economic welfare. We conclude that if parents strongly value children, giving monetary aid … produces more children and yields higher welfare. This positive welfare effect dominates an indirect negative welfare effect …