This paper constructs a representative agent supporting the equilibrium allocation in ¡°event-tree¡± economies with time-additive preferences and possibly incomplete securities markets. If the equilibrium allocation is Pareto optimal, this construction gives the usual linear welfare...

We consider a defined-contribution (DC)-pension-fund-management problem under partial information. The fund manager is allowed to invest the wealth from the fund account into a financial market consisting of a risk-free account, a stock and a rolling bond. The aim of the fund manager is to...

This article presents early findings in a 2-year mixed-methods study examining whether the source (federal/state/local) or type (restricted/flexible) of funding impacts quality outcome measures linked to mental health of children in foster care. The study, funded by the Public Health Law Program...