The present paper thoroughly explores second-best efficient allocations in an adverse selection insurance economy. We start from a natural extension of the classical model, assuming less than perfect risk perceptions. We propose first and second welfare theorems, by means of which we describe efficiencyenhancing policies. Notions of weak and strong adverse selection are promising for interpreti...

Two essentially isogenic strains of Escherichia coli K-12 were compared: D31 had chromosomally and D1-R1 episomally mediated resistance to ampicillin. The two strains had the same ability to form colonies on ampicillin plates, but in other tests they were quite different. In serial dilution tests as well as in exponentially growing cultures, D1-R1 was far more resistant to ampicillin than was D...

Çalışmanın amacı, yükselen bir ekonomi için birleşik çerçevede küreselleşme ve finansal gelişmenin gelir eşitsizliği üzerindeki etkilerini ampirik olarak incelemektir. Küreselleşme etkisini incelemek panel veri analizi yöntemi kullanılmıştır. İlk birimler arasında korelasyonun varlığı, Breusch Pegan (2008) LM testi Pesaran, Ullah Yamagata NLM ile incelenmiştir. Değişkenlerin durağanlıkları CADF...

Measurement of 13C-labeled fatty acid oxidation is hindered by the need for acetate correction, measurement of the rate of CO2 production in a controlled environment, and frequent collection of breath samples. The use of deuterium-labeled fatty acids may overcome these limitations. Herein, d31-palmitate was validated against [1-13C]palmitate during exercise. Thirteen subjects with body mass ind...

The phenomenon that married men earn higher average wages than unmarried men, the so-called marriage premium, is well known. However, the robustness of the marriage premium across the wage distribution and the underlying causes of the marriage premium deserve closer scrutiny. Focusing on the entire wage distribution and employing recently developed semi-nonparametric tests for quantile treatmen...

An endogenous growth model of human capital accumulation with a private alternative to public education is studied. Public education is tax ...nanced and determined endogenously through a voting process. A tension between private consumers, who do not want to contribute to public education, and public consumers who want relatively large contributions is identi...ed. Public education consumers e...

This paper employs a multidimensional approach for the measurement of well-being at the top of the distribution using German SOEP micro data. Besides income as traditional indicator for material well-being, we include health as a proxy for nonmaterial quality of life as well as self-reported satisfaction with life as dimensions. We find that one third of the German population is well-off in at ...

This paper examines the eff ect of neighborhood diversity on the nativity gap in homevalue appreciation in Australia. Specifi cally, immigrant homeowners experienced a 41.7 percent increase in median home values between 2001 and 2006, while the median value of housing owned by the native-born increased by 59.4 percent over the same period. We use a semi-parametric decomposition approach to asse...

The median voter theorem suggests that a majority vote over a linear tax-cum-transfer scheme results in egalitarianism if the median of the income distribution is poorer than the average. However, although most real-world income distributions are markedly skewed to the right, radical redistribution is rather an exception than the norm. In this paper we review the theoretical arguments that expl...