* Director, Division of Program Research, Office of the Commissioner. This review and analysis of social welfare expenditures in the United States continues the annual series presented by the Bulletin. Certain changes in the items included and in the grouping of individual items have been made in this year's article, based in part on the advice of a small group of consultants who reviewed the c...

We propose a decomposition of social welfare when consumers have quasi-linear utility functions under certain conditions satisfied in many models of imperfect competition. In our decomposition, social welfare is expressed as the sum of consumers’ gross utilities and trade surplus of non-numeraire commodities, which contribute to consumers’ utilities non-linearly. This decomposition is useful es...

Some commentators believe that slotting allowances enhance social welfare by providing retailers with an efficient way to allocate scarce retail shelf space. The claim is that, by offering their shelf space to the highest bidders, retailers act as agents for consumers and ensure that only the most socially desirable products obtain distribution. I show that this claim does not hold in a model i...

This study builds on previous work by Giannakas and Fulton (2003, 2000) on the economics of output quotas in the presence of cheating by examining the efficiency of the policy in transferring income to producers as well as the optimal regulatory response to enforcement costs and farmer noncompliant behavior in a decentralized policy making environment. Analytical results show that enforcement c...

In this paper we show how the size of innovation can affect the incentive for cooperative R&D and social welfare. When cost difference between large and small innovations is not sufficiently large then social welfare can be more under small innovation compared to large innovation. However, the innovating firm always prefers large innovation.

the welfare policies and programs in the iran had started to establish modern state in iran since 1925.this paper deals with the relation between oil revenues and social welfare in iran before 1978(1357) revolution. why developmental activities within welfare policies and programs couldn’t maintain their stability and continuity? the bureaucrats and redefined groups were became the main target ...

This paper argues how an increase in minimum wage affects employment, consumption, and social welfare with dynamic general equilibrium model without market frictions. The study demonstrates that a minimum wage hike reduces an actual unemployment rate and has positive effects on an employment rate under the demand-shortage economy whereas they do not under a non-demand shortage economy. The stud...

Article history: Received 15 October 2009 Received in revised form 22 April 2010 Accepted 5 May 2010 Available online 12 May 2010