Economic disruptions (techonological change, trade liberalization, immigration flows) generally create winners and losers, i.e., wage gains for some individuals losses others. The compensation problem consists of designing a reform the existing income tax system that offsets wefare by redistributing winners. We derive closed-form formula compensating its impact on government budget when only di...

A side collision of an automobile poses a higher risk of injury compared to those of a frontal collision. Therefore governments and insurance companies establish and implement new safety standards in order to ensure the safety of the occupants throughout the world. Most of the suggested standards aim to reduce the Head Injury Criterion (HIC). Widely used side airbag systems, including the curta...