Vasilev, Aleksandar - In: Journal of Mathematical Economics and Finance 2 (2017) 2, pp. 19-34
This paper describes the lottery- and insurance-market equilibrium in an economy with non-convex private- and public … separate insurance market to operate, one for private-sector work, and one for public- sector employment. In addition, given … that the labor choice for private- and public- sector hours is made in succession, the insurance market for public …