Abstract T he return of capital is fundamental to the intertemporal allocation of resources by changing the consumption behavior and capital accumulation over time. Taxation on return of capital increases the marginal product of capital, meaning that capital stock is lower than when capital is not taxed, which results decreased growth and welfare in steady state. This pape...

THIS BOOK examines the constitutional dimensions of the welfare debate in America. The precise shape of state-facilitated welfare here and elsewhere will depend on results of policy experiments either under way or anticipated and on the contest among philosophic frameworks for describing those results. Because I share to some limited extent the conventional view that constitutional questions di...

T he welfare cost of inflation in a new Keynesian model has been studied in this article. Nominal prices and wages are subjected to Rotenberg's adjustments in the benchmark model. In addition, this study uses the CIA model to compare the welfare cost of seigniorage tax and consumption tax. The model is calibrated for the Iranian economy and the results of the calibration are as follow...

how inflation taxation affects resource allocation and welfare has received a great deal of attention. so far, this debate has been controversial. in this paper we examine how nominal money growth as a means of public finance affects resource allocation and welfare in a neoclassical endogenous growth model with leisure and money in the utility function and production externality. the present st...

this paper studies the effects of the structural variables of the iranian industries sector on the welfare cost using to the structure-conduct-performance (scp) theory. in other words, we investigate the role of structural components and their effects on the size of the welfare cost in iran's industry sector. we have used the leibenstein's model to calculate the deadweight loss and then the pan...