It is shown that there is a specific mathematical form of the risk profiles which is robust with respect to variation of distributional assumptions for the losses associated to the single adverse events.
This paper creates a general equilibrium model of school attendance, labor supply, wage determination, and aggregate production, which is used to compare alternative redistribution devices in terms of both deadweight loss and distributional outcomes.
Our simulation analysis shows that substantial welfare losses occur if the distributional companies behave as regional monopolists.
Based on palaeoecological evidence [ 12, 13], phylogeographic divergences are interpreted as the genetic signatures of distributional contractions caused by climate-induced loss of suitable habitat.
To investigate the efficiency losses further, we analyse the distributional and welfare implications.
Without loss of generality, we use the distributional derivatives to discuss (1.1 - 1.2 1.1 - 1.2eral form.
By 2023, we find the decentralized RM to induce least pronounced distributional effects and only modest welfare reductions, while SR and CM induce higher losses.
Cox suggested that depending on the distributional form of a random variable, groupings be constructed to minimise the loss of information (L) about differences between individuals.
Distributional information, by contrast, consists of "knowledge about the distribution of outcomes in similar situations".
