Analysis of the equity premium puzzle has focused on private sector capital markets. The object of this paper is to consider the welfare and policy implications of each of the broad classes of explanations of the equity premium puzzle. As would be expected, the greater the deviation from the first-best outcome implied by a given explanation of the equity premium puzzle, the more interventionist...

The control of endemic diseases has not attained the desired level of effectiveness in spite of the use of modern efficient technologies. The classic interventionist approach for the control of schistosomiasis is centered on systemic control of the snail hosts combined to large scale medical treatment and is usually carried out without social preoccupation due to the assisted communities. It is...

This work argues that open space has been utilized by local planning practice for numerous reasons that have reflected the shifting concerns of the planning profession since the nineteenth century. An intellectual movement that romanticized nature as distinct from social processes and a changing political economy made it possible for open space to serve an interventionist role in addressing soc...

During the 1940s a series of remarkable and radical planning documents were produced for many British cities, generally now collectively referred to as ‘reconstruction plans’. Universally these sought to introduce a highly interventionist, comprehensive planning, often with strong elements of ‘clean sweep’ reconstruction. This article considers two such plans, for the historic cities of Durham ...

We examine the optimal disruption of dark (covert and illegal) networks. Of central importance is that an interventionist will generally have incomplete information about the dark network’s architecture. We derive the optimal disruption strategy in a stylized model of dark network intervention with incomplete information and show how it combines features of two types of disruption considered in...