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...

In an open multi-country economy, the safe assets supply shapes pattern of international capital flows. A higher productivity growth rate raises net inflows for economies with abundant assets, but reduces scarce assets. The cross-section analysis on a sample 170 over 1980–2013 confirms theory. evidence is robust instrument-variable (IV) method. JEL Classifications: F15, F36, F43

This paper investigates resources-related con‡icts in a small open economy through a game-theoretic approach. By endogenising the regime-switching mechanism, it models revolution and repression as the elite-civilian competition for control over resources, which is constrained by the opportunity costs of natural resources and labour. It shows that higher world resource prices tend to trigger con...

Does poverty lead to crime? We shed light on this question using two independent and exogenous shocks to household income in rural India: the dramatic reduction in import tariffs in the early 1990s and rainfall variations. We find that trade shocks, previously shown to raise relative poverty, also increased the incidence of violent crimes and property crimes. The relationship between trade shoc...

the relationship between technology and international competitiveness dates back to the neo-technological trade theories of the 1960s. this approach considers difference in technology as the primary motive for difference among nations in terms of trade performance. the technology gap approach emphasizes inter-country differences in innovativeness as the basis for international trade flows. the ...

abstract t his paper explains bilateral trade patterns between south korea and thirteen opec member countries over the period 1980-2014 using a gravity model. the estimation results show that the gravity equation fits the data reasonably well. we confirmed the existence of long term relationships between the bilateral trade flows and the main components of gravity model - gdp, income (gdp per c...

ABSTRACT Little is known about the factors that influence whistleblowing for contingent workers. This study compares intentions of 146 traditional full-time and We find workers are significantly less likely to whistleblow than Some these differences in appear be due feelings powerlessness, organizational citizenship behavior, commitment have relation their organizations. offer future research i...

OBJECTIVE The Philadelphia (Ph) chromosome, consisting of the t(9;22)(q34;q11) translocation, is observed in ~90% of patients with chronic myeloid leukemia (CML). Variant Ph translocations are observed in 5%-10% of CML patients. In variant translocations 3 and possibly more chromosomes are involved. Herein we report 6 CML patients with variant Ph translocations. METHODS Bone marrow samples we...