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Asset Allocation and Risk Allocation : Can Social Security Improve Its Future Solvency Problem by Investing in Private Securities?

MaCurdy, Thomas E. - 1999

This paper examines the economics of investing the central trust fund of Social Security in private securities. We note that switching from a policy of having the trust fund invest solely in special issue Treasury bonds to one where some of the portfolio holds common stocks amounts to an asset...

Persistent link: https://www.econbiz.de/10012471785

Regulating the Direction of Innovation

Gans, Joshua - National Bureau of Economic Research - 2024

This paper examines the regulation of technological innovation direction under uncertainty about potential harms. We develop a model with two competing technological paths and analyze various regulatory interventions. Our findings show that market forces tend to inefficiently concentrate...

Persistent link: https://www.econbiz.de/10014635704

Intergenerational Risk Sharing in the Spirit of Arrow, Debreu, and Rawls, with Applications to Social Security Design

Ball, Laurence - 2001

This paper examines the optimal allocation of risk in an overlapping-generations economy. It compares the allocation of … risk the economy reaches naturally to the allocation that would be reached if generations behind a Rawlsian 'veil of … ignorance' could share risk with one another through complete Arrow-Debreu contingent-claims markets. The paper then examines …

Persistent link: https://www.econbiz.de/10012470454

Study on airport slot allocation : final report

Hulet, John; Lake, Hugh; Perry, Graham - 1991

Persistent link: https://www.econbiz.de/10000336627

Mobility costs and the dynamics of labor market adjustment to external shocks : theory

Cameron, Stephen V. (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001661438

School choice : a mechanism design approach

Abdulkadiroğlu, Atila (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001868818

The relation between implementability and the core

Miyagawa, Eiichi (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001675398

School choice: a mechanism design approach

Abdulkadiroğlu, Atila (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001730172

The Effect of Offer-of-Settlement Rules on the Terms of Settlement

Bebchuk, Lucian Arye - 2000

Under an offer of settlement' rule, a party to a lawsuit may make a special offer to settle with the other party, such that if the other party rejects this offer, then this offer (unlike an ordinary offer) becomes part of the record in the case and may affect the allocation of litigation costs....

Persistent link: https://www.econbiz.de/10012471084

Producers and Predators

Grossman, Herschel I. - 1999

This paper explores a series of general-equilibrium models in which people can choose to be either producers or predators, and in which producers can allocate their resources either to production or to guarding their production against predators. The analysis shows how the ratio of predators to...

Persistent link: https://www.econbiz.de/10012471640