Estimating the welfare loss due to vehicle tariffs in Malaysia

Optimal tariffs, retaliation and the welfare loss from tariff wars in the Melitz model

Estimating the Welfare Effect of Rationing

Ensuring access to essential goods during hard times has always been the policy makers’ main concern. Using Household Expenditure and Income Survey data during 1984-1989, we estimate the welfare effects of rationing three essential goods: rice, cooking oil, and sugar. We find that households consumed higher than the efficient quantities of these rationed goods due to lower prices. Under the alt...

loss of social welfare due to overexploitation of groundwater in firozabad plain

abstract level of groundwater is decreased which is mainly because, withdrawal of groundwater is increased, because of lack of right management. economics of rural based farming and farming is dependent of water so decreasing of groundwater effects social welfare. in this study decrease of welfare measure by reason of reduction of groundwater level considered. this study investigated the impact...

SOCIAL WELFARE LOSS DUE TO SECOND-BEST PRICING: an application to the Portuguese Telecommunications

The Telecommunications industry is usually characterised by low marginal costs and significant fixed costs which are the conditions for the inefficiency of marginal cost pricing. In such cases theory postulates that optimal pricing is obtained by maximising welfare subject to a restriction of viability of the firm: the second-best pricing scheme. The possible Welfare Losses due to second-best p...

A Fire Ignition Model and Its Application for Estimating Loss due to Damage of the Urban Gas Network in an Earthquake

Damage of the urban gas network due to an earthquake can cause much loss including fire-induced loss to infrastructure and loss due to interruption of gas service and repairing or replacing of network elements. In this paper, a new fire ignition model is proposed and applied to a conventional semi-probabilistic model for estimating various losses due to damage of an urban gas network in an eart...