This paper analyzes the financial condition of the Federal Civil Service Retirement System. It begins by examining various official annual reports about the system published by the Office of personnel Management, discussing their differing assumptions and resulting differences in estimates of...

Amnesties are widely used in society to rehabilitate past sinners, to collect resources, such as library books, that would otherwise be unrecoverable, and to make enforcement easier by reducing the ranks of delinquents. Over the past four years, tax amnesties have emerged as a major instrument...

"Bayesian-Ramsey pricing" has been offered to correct for the undue sensitivity of the Baumol and Bradford formulation of Ramsey pricing to relatively small errors in the highly uncertain least-squares estimates of the relevant demand elasticities. This paper provides a derivation of the Ramsey...

List of cases, figures, and tables -- Foreword from the first edition / John Elkington, SustainAbility -- Foreword from the first edition / Herman B. Dutch Leonard, Harvard Business School -- Preface -- Introduction: improving sustainability and financial performance in global corporations --...

Individual choice among health insurance policies may result in risk-based sorting across plans. Such adverse selection induces three types of losses: efficiency losses from individuals' being allocated to the wrong plans; risk-sharing losses, because premium variability is increased; and losses...