This paper analyzes the effects of the "Nordic Model" of prostitution legislation adopted in Sweden in 1999, according to which buyers only are prosecuted. We focus on various measures of violence, distinguishing between known and unknown perpetrator, indoor and outdoor crimes, and on health...

Because of risk aversion, any sensible investment valuation system should value less Projects that contribute more to the aggregate risk, i.e., that have a larger income elasticity of net benefits. In theory, this is done by adjusting discount rates to consumption betas. But in reality, for...