Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the Welfare and Competition tool (WELCOM), to estimate with...

As well acknowledged in the literature, housing is often the dominant consumption good for most households. As such, it should be included in a comprehensive welfare aggregate to measure people's living standards accurately. However, assigning a value to the flow of the dwelling for homeowners...

Economists have long been interested in measuring the poverty and distributional impacts of macroeconomic projections and shocks. In this sense, microsimulation models have been widely used to estimate the distributional effects since they allow accounting for several transmission channels...