A key issue raised by the United Kingdom’s (UK) withdrawal from the European Union (EU) – popularly referred to as Brexit – is its implications for competition and economic welfare. The competition ...

Welfare economics examines the allocation of resources and its impact on individual and social well‐being. Rooted in classical notions of Pareto efficiency, the field has evolved to encompass a broad ...

This is a preview. Log in through your library . Abstract This article investigates the properties, good and bad, of social evaluations based on four money measures of well-being or changes in ...

This week marks the 20 th anniversary of welfare reform. Welfare reform broadly refers to the bipartisan Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) in 1996. Among other ...

A new study by Henrik Kleven, a Princeton economist, concluded that the earned income tax credit (EITC) has done little to induce employment increases among single mothers, attributing the large ...

The introduction of subsidies into insurance rates constitutes a type of quasi-welfare payment but leaves open the question of whether social welfare is increased, decreased, or unchanged by the ...

The economy of the 2020s is a world away from the economy of the mid-20th century, when much of the standard toolkit economists still use was first developed. The formalization of economics in the ...

EVERY JANUARY a curious migration occurs. Thousands of economists from around the world flock to a big American city for the annual meetings of the American Economic Association (AEA). The pandemic ...

Dog owners in Canberra, Australia must now walk their companions daily or face a $2,700 fine, due to a 2019 animal welfare law recognizing dogs as sentient beings. Does requiring the humane treatment ...