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Effective recovery and restoration of infrastructure systems play a crucial role in recovery after disasters. This issue is particularly critical when delivering time-sensitive services and commodities. Damage to infrastructure can lead to disruptions and diminished capacity to respond to...
Persistent link: https://www.econbiz.de/10012662741
The recovery of physically damaged infrastructure after disasters is critical to efficiently deliver disaster relief supplies and emergency services. The physical damage to road infrastructure from disasters can result in decreased road link capacities and an inability to meet the community's...
Persistent link: https://www.econbiz.de/10012662797
We prove the existence of an equilibrium in competitive markets with adverse selection in the sense of Miyazaki (1977), Wilson (1977), and Spence (1978) when the distribution of unobservable risk types is continuous. Our proof leverages the finite-type proof in Spence (1978) and a limiting...
Persistent link: https://www.econbiz.de/10011936021
We develop a framework for optimal taxation when agents can earn their income both in traditional activities, where private and social products coincide, and in rent-seeking activities, where private returns exceed social returns either because they involve the capture of pre-existing rents or...
Persistent link: https://www.econbiz.de/10010435740
We develop a unifying framework for optimal income taxation in multi-activity economies with general production technologies. Agents are characterized by an N-dimensional skill vector that captures intrinsic abilities in N activities. The private return to each activity depends on individual...
Persistent link: https://www.econbiz.de/10010480845
Social science disciplines see themselves as distinct, with their own territory, their own methods, and their own framework. Within such an environment multidisciplinary work involves enormous conflict and translation problems. This situation is no longer acceptable. Dealing with modern problems...
Persistent link: https://www.econbiz.de/10010286988