structure is relevant in many applications. We develop the theory underlying optimal menus of non-linear schedules and prove …

The conventional model for the use of cost effectiveness analysis for health programs involves determining whether the … cost per unit of effectiveness of the program is better than some socially determined maximum acceptable cost per unit of … effectiveness. If a program is better, the policy implication is that it should be implemented by full coverage of its cost by …

use of the negligence rule is triggered by harm, the rule enjoys an intrinsic enforcement cost advantage over regulation …

uncertainty over the cost of completion. The first is technical uncertainty, i.e., uncertainty over the amount of time, effort … proceeds. The second is input cost uncertainty, i.e., uncertainty over the prices and quantities of labor and materials …

the cost of these guarantees. The most common technique is to 'over-fund' the benefit: the contribution rate is set high …