Should the generosity of unemployment benefits and the progressivity of income taxes depend on the presence of business cycles? This paper proposes a tractable model where there is a role for social insurance against uninsurable shocks to income and unemployment, as well as inefficient business...

This concise textbook presents students with all they need for advancing in mathematical economics. Detailed yet student-friendly, Vohra's book contains chapters in, amongst others:* Feasibility * Convex Sets * Linear and Non-linear Programming* Lattices and Supermodularity.Higher level...