distortionary market power above full information levels and welfare losses which can be counteracted by subsidies. As the market … grows large the equilibrium becomes price-taking, bid shading is of the order of 1/n, and the order of magnitude of welfare …

either into the utility function or into the social welfare function. We consider an industry in which n asymmetric firms …

effect for the welfare properties of fixed and floating exchange rate regimes. A comparison between the two regimes shows … utility-based welfare comparison of the two regimes concludes that a floating exchange rate regime yields higher welfare when …

to improve the welfare of the exporting country, as well as its international terms of trade and export revenues. …

, being employed in the year prior to marital dissolution has the opposite effect. There is no evidence that higher welfare …

impact of the A-D policy on quality choices is taken into account, European Welfare as well as profits accruing to the …

We analyse the effects of insider trading on real investment and welfare, and the consequences of different regulatory … laissez policy both for selective disclosure and in high-tech industries. Our approach uncovers the pitfalls of welfare …

-competitive effect. Which case prevails depends crucially on the welfare objective function used by the European government and also on … structure we also discuss welfare effects. We find that antidumping measures are capable of both increasing or decreasing total … community welfare depending on the type of measures installed. …

obtain when intertemporal substitution is low, and that output volatility rankings do not induce similar welfare rankings …