SEOUL NATIONAL UNIVERSITY · CENTER FOR LAW & ECONOMICS
Center for Law & Economics, Seoul National UniversityCENTER FOR LAW & ECONOMICS
ECONOMICS · RESEARCH RECORD
GlobalMacroeconomics

Welfare Analysis with Complementarities: When Direct and Total Responses Are Sufficient

AT A GLANCE

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Complementarities can significantly impact welfare, but quantifying these effects appears to require separately identifying and valuing underlying mechanisms. This working paper addresses this issue.

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