This study investigates when forced sales turn into fire sales by using a natural experiment which allows us to separate supply and demand effects: Forced sales result from sudden death of house owners and are thus unrelated to current market conditions. We find that forced sales result in fire sale discounts. Discounts increase when the sale is urgent, market conditions are poor, the seller is...

involved, not least the leading player himself, Sir Henry Wellcome. So full praise to John Symons for having laid a firm path through this mixed vegetation and erected plain signposts to mark each succeeding stage on the way, as well as for the limpid prose ornamented by irony and understated wit with which he achieves this, to say nothing of his delightful footnotes. The section which speaks m...

In both cases, I couldn’t have prevented the ensuing death. However, intuitively, whereas I am morally responsible (‘‘responsible,’’ for short) for Victim’s death in Shooting, I am not responsible for the child’s death in Sharks. Shooting is a ‘‘Frankfurt-style’’ case. In a Frankfurt-style case, it has been argued, an agent is responsible for something that he couldn’t have prevented. Thus, in ...

Background-Sudden cardiac death (SCD) in children is a rare but devastating event. Experts

A premature death unexpectedly brings a life and a career to their end, leading to substantial welfare losses. We study the retirement decision in an economy with risky lifetime, and compare the laissezfaire with egalitarian social optima. We consider two social objectives: (1) the maximin on expected lifetime welfare (ex ante), allowing for a compensation for unequal life expectancies; (2) the...

Professor Hinton is a psychiatrist who has made careful studies of the reactions of dying people, the awareness they have that they are dying, and the ways in which their doctors and nurses may help to bring them solace. His original work is deservedly much esteemed. It has lost nothing by presentation in this volume together with additional information on the circumstances, customs and attitud...

Background—Sudden death in sport is rare, but when it occurs the eVects are devastating. There have not been any reports to date describing the frequency and causes of sudden death in sport in the Republic of Ireland. Aim—To describe the incidence, possible causes, associated factors, and pathological findings in people who died while exercising in the Republic of Ireland in the 10 year period ...

The 12 million people working in American agriculture are still without protection against the personal causes of insecurity. No program to meet the risks of illness, accident, disability, old age, and premature death has yet been provided for them. When the principal breadwinner of a farm family, be he an operator or a paid worker, is stricken by long illness, old age, or death, the family has...