In 1935, when medical societies across the United States were complaining that the Milbank Memorial Fund endorsed health insurance mandated and subsidized by government, Albert G. Milbank, president of its board, accorded priority to protecting the Fund’s “reputation and its personality” (Kingsbury 1935a). This article, on the occasion of the Fund’s centennial, describes how its personality, ex...

January 2011 Abstract Large populations in the developing world lack adequate access to products, such as essential medicines, whose use confers positive externalities. Because of the critical role played by the privatesector distribution channel, donors (e.g., the Global Fund) are beginning to devote substantial resources to fund subsidies that encourage the channel to improve the availability...

This special issue of Child Welfare emerged from a series of conversations with child welfare colleagues who partici pated in the work conducted by CWLA and the Lambda Legal Defense and Education Fund as they developed a unique partnership entitled. Fostering Transitions: CWLA/Lambda Legal Joint Initiative To Support LGBTQ Youth and Adults Involved with the Child Welfare System. A special issue...

The sensitivity of the optimal control of carbon dioxide emissions to the specification of the social welfare function is systematically explored using the FUND model. Increasing risk aversion emphasises climate change damages relative to emission reduction costs, but at the same time increases the discount rate of consumption. Without international co-operation, the discount rate effect domina...

This paper evaluates the welfare implications of front-running by mutual fund managers. It extends the model of Kyle (1985) to a situation in which the insider with fundamentals-information competes against an insider with trade-information and in which noise trading is endogenized. Noise traders are small investors trading through mutual funds to hedge non-tradable or illiquid assets. The insi...

It is well-known that pension fund participants can benefit from intergenerational risksharing, but that different generations have different incentives. This paper models intergenerational solidarity in closing funded pension plans as a bargaining process between generations. We consider generations which each are represented by members of the pension fund’s board. We model pension funds that ...

The present study deals about the Welfare Schemes of Government Tamil Nadu for differently abled persons. It was crucial to create and develop volunteer organizations in state. Central Social Board provides fund its different programs. helps non-profit provide a wide range services welfare fields children, women, handicapped welfare.

Money managers are rewarded for increasing the value of assets under management, and predominately so in the mutual fund industry. This compensation scheme gives the manager an implicit incentive to exploit the well-documented positive fund-flows to relative-performance relationship by manipulating her risk exposure. It also provides her with an explicit incentive to manage the fund in accordan...