We present a model that focuses on the links between location and educational choices in South African cities. Be comparing the Apartheid city and the post-Apartheid city, we show that the inequality in South Africa between blacks and whites decreases when Apartheid laws are removed.

We derive from Bernis [2000] a strategic mechanism which fully implements the set of competitive equilibria on a dynamically incomplete reinsurance market VIA Nash equilibria. The mechanism is feasible, and such that the set of coalition proof Nash equilibria coincides with that of Nash...