Government intervention in insurance markets is ubiquitous and the theoretical basis for such intervention, based on classic work from the 1970s, has been the problem of adverse selection. Over the last decade, empirical work on selection in insurance markets has gained considerable momentum. This research finds that adverse selection exists in some insurance markets but not in others. And it h...

Using data for welfare recipients who left the Temporary Assistance for Needy Families program during 1996 in Cuyahoga County (Cleveland), Ohio, the authors compare the determinants of labor market outcomes across three classes of housing assistance: those who receive a certificate or voucher, those who reside in a traditional public housing project, and those who reside in a Section 8 housing ...

This is the first paper to consider a mixed oligopoly in which a public Stackelberg leader competes with both domestic and foreign private firms. The welfare maximizing leader is shown to always produce less than under previous Cournot conjectures. Introducing leadership also alters previous public pricing rules resulting in prices that may be either greater than or less than marginal cost depe...

The study of individual happiness has enriched economics with many new and sometimes challenging (preliminary) insights.1 More and more often, it is asked about the policy consequences that are to be derived from these insights. We observe that economic research on happiness has an explicit or implicit tendency to follow a “benevolent dictator” approach where the government, and individual poli...

Introduction: Economic development and public welfare are some of macroeconomic goals for any country. Health economy is one of the parameters as criterion for action in evaluation of this important subject. The present study has been intended to investigate into the relationship among factors of health economy including total health expenditures (some percent of Gross Domestic Product GDP), li...

community is the main pillar of the urban body; and balance of social life in cities depends on preserving communities. during the twentieth century, the idea of residential-centered community has been offered in many modern theories and has been widely accepted for solving urban various problems such as management, social and human relations, health and welfare issues and aspects of meaning an...