We examine optimal taxation and social insurance with adverse selection in competitive insurance markets. In the previous literature, it has been shown that, with perfect insurance markets, social insurance improves welfare since it is able to redistribute without creating distortions. This result has been taken as robust to the introduction of adverse selection as this would only provide addit...

Abstract. The purpose of the present paper is to introduce new classMB(α, λ, q, s, A,B) of meromorphic functions defined by using a meromorphic analogue of the Choi-Saigo-Srivastava operator for the generalized hypergeometric function and investigate a number of inclusion relationships and radius problem of this class.The subordination relations, distortion theorems, and inequality properties a...

We offer a tractable model of broadcast media as a three-sided platform, serving entertainment and news to viewers, commercial opportunities to advertisers, and electoral influence to politicians. We characterize the profitmaximization decision of a media firm, and study the effect on social welfare of changes in the value of electoral influence, via induced changes in commercial advertising, t...

What role does the fourth retirement pillar of home ownership and private saving play in rich nations? Does this asset-based welfare spread the risks of retirement provision or does it distort consumption patterns and fail to improve the non-housing consumption of the elderly? Is it associated with more or less inequality of retirement consumption? This paper examines the role of home ownership...

This paper studies the design of pension schemes in a society where fertility is endogenous and parents differ in their ability to raise children. In a world with perfect information, a pay-as-you-go social security system is characterized by equal pensions for all but different contributions which may or may not increase with the number of children. Additionally, fertility must be subsidized a...

This paper considers a mechanism design problem in which a retailer motivates a manufacturer to gather information concerning the demand for its new product. The information will be of value to the retailer, in deciding whether to allocate limited shelf space for the new product. The model reveals that if the retailer cannot observe whether the manufacturer has gathered information, then to mot...

This introductory article to the special issue of Psychology Science devoted to the subject of “Considering Response Distortion in Personality Measurement for Industrial, Work and Organizational Psychology Research and Practice” presents an overview of the issues of response distortion in personality measurement. It also provides a summary of the other articles published as part of this special...