The unbalanced age structure aspect of China's basic medical insurance system increases payment risk and hampers sustainable and healthy development. Combining the actuarial approaches of life insurance and non-life insurance, the principle of long-term fund balance is applied to establish a...

The Secure Multi-Party Computation (SMC) model provides means for balancing the use and confidentiality of distributed data. This is especially important in the field of privacy-preserving data analysis (PPDA). Increasing security concerns have led to a surge in work on practical secure...

Source: Dissertation Abstracts International, Volume: 69-03, Section: A, page: 1098.

Using a Mortensen-Pissarides search-and-matching framework, this paper investigates the importance of search frictions in determining the welfare and distributional effects of tax reforms that re-allocate the tax burden from capital to labour income. Calibrating the model to the UK economy, we...

This paper evaluates the e¤ects of policy interventions on sectoral labour markets and the aggregate economy in a business cycle model with search and matching frictions. We extend the canonical model by including capital-skill complementarity in production, labour mar- kets with skilled and...

This paper identifies a limit to arbitrage that arises because firm value is endogenous to the exploitation of arbitrage. Trading on private information reveals this information to managers and improves their real decisions, enhancing fundamental value. While this feedback effect increases the...