Cigno, Alessandro (contributor) - 2006
Bismarckian one can do so only if it is not actuarially fair, or in the presence of credit rationing. Interestingly, if the two …-home pay. A Bismarckian one can do so only if it is not actuarially fair, or in
the presence of credit rationing …, aBismarckianschememaydosoonlyiftheschemeisnotactuarially
fair, or in the presence of credit rationing. Interestingly, if the two
possible sources of distortion are present at …