the absence of a clearly defined vision to the corresponding modern social development social standard, integrated social … standard, including the components of three types of pension insurance. The necessity of bringing in the methodological and …

potentially exceed the social standard. Using real-option theory and simple models, we demonstrate how such a social standard can … damage function. Uncertainty, in fact, implies that both parties interpret the social standard as a target for safety rather … tolerance for damages in excess of the social standard from both parties. …