This paper develops a new approach to make welfare assessments based on the notion of
Dynamic Stochastic weights, or DS-weights for short. We leverage DS-weights to …

We study optimal savings policies when there is a dual concern about undersaving for
retirement and income inequality. Agents differ in present bias and earnings ability, both …

Despite the economic and social significance of crime reduction and criminals' rehabilitation,
research evaluating the effects of incarceration on behavior is surprisingly scarce. We …

The next-generation ships are geared to more electrification than ever before. In an all-
electric ship, the design and planning of a shipboard power system (SPS) is critical for …

The European policy is dedicated to achieving sustainable development goals through in-
tensified activities. One such area of focus is the adoption of the circular economy model …

We propose a new welfare criterion that allows us to rank alternative financial market
structures in the presence of belief heterogeneity. We analyze economies with complete and …

We analyze how intergenerational mobility and inequality would change relative to the
status quo if dynasties had access to optimal insurance against low ability of future …

This article studies socially optimal allocations, from the point of view of a benevolent social
planner, in environments characterized by fixed resources, endogenous fertility, and full …

It is necessary for economies to transition to a circular economy (CE). What particularly
inhibits the implementation of the CE in linear economies is market failures, whose …

Obecnie transformacja gospodarek w kierunku obiegu zamkniętego i cyrkularności jest
koniecznością. Tym, co szczególnie hamuje wdrażanie gospodarki cyrkularnej w …