Choosing to become a 'lost cause': the perverse effects of benefit preconditions

This paper argues that preconditions for welfare benefit entitlementsbased on labour market prospects can be counterproductive whenthey create an incentive for individuals to abstain from anyinvestment earlier in life that could improve future prospects.Benefit entitlements based partly on investments made priorto labour market entry are then Pareto-improving.     

Natural Oligopoly Responses,Repeated Games,and Coordinated Effects in Merger Analysis: A Perspective and Research Agenda

Review of Industrial Organization - When the 1968 Merger Guidelines were drafted, both the economics and antitrust literatures addressed how competition could be softened when oligopolists...     

The 2010 Horizontal Merger Guidelines After 10 Years

Review of Industrial Organization - This paper introduces the Special Issue of the Review of Industrial Organization that studies the impact of the 2010 Horizontal Merger Guidelines after 10 years...     

Religiosity,income and wellbeing in developing countries

This study examines the relationship between religiosity, income and subjective wellbeing in a sample of developing countries using data from the World Values Survey Waves 2–6 (1990–2014). Beyond examining the effects of religiosity and income on subjective wellbeing separately and independently, we also examine how the interaction between religiosity and income affects wellbeing. Our results suggest that while both religiosity and income positively affect wellbeing, the effect of income on wellbeing is relatively stronger (quantitatively larger in size) than the effects of religiosity. Furthermore, we find evidence in favour of complementarity between religiosity and income which show stronger effects on wellbeing than the individual effects of income and religiosity.