The Welfare Costs of Being Off the Grid

10.1596/36026 ◽  
2021 ◽  
Author(s):  
Paola Ballon ◽  
Carolina Mejia-Mantilla ◽  
Sergio Olivieri ◽  
Gabriel Lara-Ibarra ◽  
Javier Romero
Keyword(s):  
Welfare Costs

Estimation of welfare costs of inflation: The case of Russia

2019 ◽  
pp. 55-69 ◽  
Author(s):  
Sergey M. Drobyshevskiy ◽  
Natalia V. Makeeva ◽  
Elena V. Sinelnikova-Muryleva ◽  
Pavel V. Trunin
Keyword(s):  
Inflation Targeting ◽  
Empirical Studies ◽  
Welfare Costs ◽  
Economic Agents ◽  
Academic Literature ◽  
Russian Economy ◽  
Theoretical Approaches ◽  
Real Gdp ◽  
Quantitative Estimates ◽  
Positive Effect

This paper is devoted to the estimation of welfare costs of inflation, taking into account the peculiarities of the Russian economy. Theoretical approaches that are used in the literature to analyze the costs of inflation are discussed in the paper. It also provides an overview of the empirical studies of this topic. Research found in academic literature shows that the results of quantitative estimates are extremely sensitive to the choice of the functional form of the money demand equation, as well as to assumptions that are made to simplify the analysis, some of which do not fit Russian data. As a result, we have modified the standard approaches to estimating welfare costs of inflation, taking into account the monetization growth in Russia, and provide quantitative estimates of the magnitude of welfare costs of inflation. The results indicate a significant gain for economic agents in terms of real GDP with a decrease in inflation, which is regarded as a positive effect from the inflation targeting policy.

The Welfare Costs of Moderate Inflations: Comment

1991 ◽  
Vol 23 (3) ◽  
pp. 513 ◽  
Author(s):  
Randall Wright
Keyword(s):  
Welfare Costs

scholarly journals An economic analysis of ransomware and its welfare consequences

2020 ◽  
Vol 7 (3) ◽  
pp. 190023
Author(s):  
J. Hernandez-Castro ◽  
A. Cartwright ◽  
E. Cartwright
Keyword(s):  
Economic Analysis ◽  
Price Discrimination ◽  
Proof Of Concept ◽  
Welfare Costs ◽  
Pilot Survey ◽  
Uniform Pricing ◽  
The Future ◽  
Welfare Consequences ◽  
New Form

We present in this work an economic analysis of ransomware, a relatively new form of cyber-enabled extortion. We look at how the illegal gains of the criminals will depend on the strategies they use, examining uniform pricing and price discrimination. We also explore the welfare costs to society of such strategies. In addition, we present the results of a pilot survey which demonstrate proof of concept in evaluating the costs of ransomware attacks. We discuss at each stage whether the different strategies we analyse have been encountered already in existing malware, and the likelihood of them being implemented in the future. We hope this work will provide some useful insights for predicting how ransomware may evolve in the future.

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