Using a survey sample of students from a business school in India, we conduct an empirical analysis of different aspects of gift giving on the occasion of Diwali in lines with a similar analysis for Christmas in Waldfogel (1993). Based on simple OLS regression analysis, we find that accessories...

This paper reports about a randomized experiment in which training vouchers of €1000 were given to low-skilled workers. The vouchers increase training participation by almost 20 percentage points in two years, relative to a base rate of 0.45. This increased participation comes at a substantial...

This paper develops a simulation model in order to examine the effectiveness of state attempts at redistribution under a variety of migration elasticity assumptions. Key outputs from the simulation include the impact of tax-induced migration on state revenues, excess burden, and fiscal...

This study uses the quantity-based Allais-Debreu measure of loss to measure the waste, in output or resources, induced by interventions in the agricultural sector in 18 developing countries.

In this paper we adapt a partial equilibrium approach of Allais and Diewert to measure the efficiency loss in the producing sector due to quotas. The measure of waste is the additional profits available due to reallocation subject to constraints that the welfare of persons and firms outside the...

The objective of this paper is to present Hickssian general equilibrium approaches to productivity measurement in the presence of market failure.

An income tax can have side effects like decreased labor supply and lower effort levels. These side effects are important to consider in the decision of whether to introduce the tax. The terms deadweight lossand excess burdenare used by mainstream economists in this context. In this article, it...

The European Union's energy and climate policy package will cause an increase in end-user prices of electricity and fuels. This paper assesses the distributional effects of these price increases in Cyprus by specifying and estimating a household energy demand system with price heterogeneity...

If the firm holds a certain market power (Lerner index is positive), then the company's market presence generates a welfare loss. On the one hand, this loss is due to the contraction in demand as a result of practicing a higher price than the competitive price because the higher price...

To assess the employment effects of labor costs it is crucial to have reliable estimates of the labor cost elasticity of labor demand. Using a matched firm-worker dataset, we estimate a long run unconditional labor demand function, exploiting information on workers to correct for endogeneity in...