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...

SUMMARY – Congenital malformations of the head and neck are a wide and extremely heterogeneous group because this region contains parts of almost all organ systems. These malformations range in their importance and severity from purely cosmetic defects and minor disturbances to lethal anomalies. They can be isolated or occur as a component of a sequence, syndrome or chromosomal disorder. Some o...

An identity links the rate of economic growth, the speed of poverty reduction and changes in the distribution of income during some time period in a given country. A few authors used that identity to understand the causes for observed changes in poverty and to identify the exact role of economic growth in poverty reduction. Yet, many empirical cross-country studies of the relationship between g...

Heat-activated persulfate was tested for destruction of polychlorinated dibenzo-p-dioxins/furans (PCDD/Fs) in the laboratory. Combined technology of in situ chemical oxidation (ISCO) and in situ thermal remediation (ISTR) using heat-activated persulfate can be applied for destruction of the PCDD/Fs polluted soil and the PCDD/Fs containing fly ash from incineration process. To explore the treata...

This article adds technology choice to a free-entry Cournot model with linear demand and constant marginal costs. Firms can choose from a discrete set of technologies. This simple framework yields non-existence of equilibrium, existence of multiple equilibria and equilibria in which ex-ante identical ̄rms choose di®erent technologies as possible outcomes. I provide a full characterization of th...