I identify assumptions under which policies that maximize expected surplus are Pareto Optimal–even when expected consumer surplus does not even locally represent preferences over price-income lotteries. Besides the oft-made partial equilibrium assumptions that only one price varies, and that income changes do not affect demand, the two other assumptions are that every consumer’s indirect utilit...

the basic model for valuation of firm is the dividend discount model (ddm). when investors buy stocks, they expect to receive two types of cash flow: dividend in the period during which the stock is owned, and the expected sales price at the end of the period. in the extreme example, the investor keeps the stock until the company is liquidated; in such a case, the liquidating dividend becomes t...

TIC.8 article deecribes the trend8 C the finanoial position of nongovernmental oammunity hospitals im the period 1961-n and Cdentifies where po8eZble the important causes of lzet income variation during the period, both overall and between hoepitala of d4fferent size and ownership. Variatdons Cn net income by bed size of hospital were alao studied for 1971 in a% attempt to ehed ad&tional light ...

Establishing a uniform 15% VAT rate for every good and service subject to this tax would generate additional fiscal resources of, at least, 81.2 billion pesos. The approximate cost of granting an exact compensation for the first three quartiles of the income distribution (in case of considering this as target population) for the impact of such measure—under the pessimistic assumption that 75% o...

The alternative soil tillage technology plays an important role in the development of a sustainable agriculture. The use of traditional technology gives the farmers a positive expected income. With the use of an alternative soil tillage technology, the expected income considerably rises together with the income risk. Combinations of income and risk revealed that the use of traditional technolog...

BACKGROUND This study describes the contributions of family and general practice physicians from Wyoming to the health care safety net. METHODS We surveyed family and general practice physicians in Wyoming about provider demographics, practice composition, and policies for treating the underinsured or uninsured. Two-tailed chi(2) tests and limited logistic regressions were used to test for di...

Establishing a uniform 15% VAT rate for every good and service subject to this tax would generate additional fiscal resources of, at least, 81.2 billion pesos. The approximate cost of granting an exact compensation for the first three quartiles of the income distribution (in case of considering this as target population) for the impact of such measure—under the pessimistic assumption that 75% o...

In the postwar era, developed economies have experienced two substantial trends in the net capital share of aggregate income: a rise during the last several decades, which is well-known, and a fall of comparable magnitude that continued until the 1970s, which is less well-known. Overall, the net capital share has increased since 1948, but when disaggregated this increase comes entirely from the...

The purpose of the paper is to present a description of the economic variables measured in the Mexican Health and Aging Study (MHAS), to provide a first view at the results and the quality of these data, and a preliminary look at the association between income and wealth and main socioeconomic and demographic variables, overall health, availability of retirement pensions, and coverage of health...