One of the main features of health insurance is moral hazard, as defined by Pauly (1968); people face incentives for excess utilization of medical care since they do not pay the full marginal cost for provision. To mitigate the moral hazard problem, a coinsurance can be included in the insurance...

The light scattering measurements that yield the osmotic susceptibility (χT) in a ternary liquid mixture of 3-methylpyridine+water+sodiumbromide are presented. The measurements have been performed in the one-phase region near the lower consolute points TL's of samples with different...

Earlier studies estimating the demand for local public services by means of the median voter model have typically assumed exogenous regressors and static set-ups. Furthermore, the commonly used log-linear specification of the demand function has in most cases not been supported by a well-defined...

Earlier studies estimating the demand for local public services by means of the median voter model have typically assumed exogenous regressors and static set-ups. Furthermore, the commonly used log-linear specification of the demand function has in most cases not been supported by a well-defined...

A new definition of the exergy efficiency for two types of Sorption Heat Pumps (type I or conventional heat pump and type II or heat transformer) is presented. It is based on the concept of transiting exergy which permits the quantitative and non ambiguous definition of the useful exergy...

The reversed rectification heat pump (RRHP) is a novel type of absorption heat pump developed at Laboratoire des sciences du génie chimique (LSGC) in the research group of Professor Le Goff. The distinctive characteristic of the RRHP is that both the separator and the absorber are multi-stage...

The adjustment for the cedent's retained risk after excess-of-loss reinsurance with reinstatements is calculated. Therefore we need a multivariate aggregate claims distribution. This distribution is easily given by a multivariate extension of Panjer's recursion. Numerical examples show the...

A dynamic simulation model, based upon the thermal-electrical analogy, has been developed to simulate the free thermal behavior of a solar greenhouse. The simple linearized model treats greenhouse air and ground temperatures as lumped parameters. It requires only six input parameters, which were...