The eastern enlargement of the EU resembles German unification in its momentousness. Whereas the latter led to a 26\% increase in the population of the Federal Republic, the former will increase the population of the EU by 28\% if all ten entry aspirants are accepted. A special problem will be...

The paper advances the hypothesis that the ’gross wealth’ von Neumann/Morgenstern utility function is characterized by a horizontal branch for wealth levels below the socially guaranteed minimum wealth and analyses the implications of this property for human wealth and liability insurance....