We calculate welfare gains of trade liberalization in the Central and East European transition economies, following the … product varieties is crucial to quantifying the welfare impact of trade liberalization. The empirical work relies on direct … conclusion is that freer trade has boosted welfare. …

. When regions weigh workers' and capitalists' welfare equally, the core region will set its subsidy low enough that the … industry re- locates to the larger region, restoring an efficient allocation. When workers' welfare is weighted more heavily …

risk in the national market rather than the local market. The welfare gain from reaching the perfect consumption risk … on the estimated degree of risk sharing participation, the welfare gain from pooling all income risks at the national …

, and global supply chains. We focus on their effects on welfare, trade, industrial organization, and labor markets and with …

This paper evaluates the global welfare impact of observed levels of migration using a quantitative multi-sector model … difference, international trade, remittances, and a heterogeneous workforce. We compare welfare under the observed levels of … the short run the impact of migration on average welfare in these countries is close to zero, while the skilled and …

)) are not robust to changes in the preference structure. In the Melitz (2003) setting the unambigousness of the welfare … welfare by magnifying market failures. An exact condition for trade liberalization to reduce overall welfare is derived under …

, consumer welfare and profits using a theoretical model augmented by numerical simulations. We find that the effects of market …

welfare impact are determined by international and regional negotiation costs, bargaining power, accession rule, and intra …

shocks. The welfare gains of a small country joining the eurozone depend on the extent to which the benefits (if existent) of …