We provide a closed form solution for the socially optimallocations: one mean-deviation away from the median. We also derive a formulafor the excess differentiation ratio which complements the bounds previouslyderived in the literature, and establish the invariance of this ratio to a formof mean ...
Because people have such a wide variety of values and beliefs, fund managers have significant challenges in determining which stocks reflect the optimal combination of values for attracting investors. The criteria used when screening for stocks depend on the fund’s theme, values, and goals. For...
Social OptimalAsymmetric distributionTheoretical models of spatial competition usually assume an uniform consumer distribution. In the real world, firms frequently compete for consumers who are not uniformly located. The equilibrium duopoly locations of several types of commonly used distributions were ...
Economic Incentives in the Socially Optimal Management of Infectious Disease: When [Formula: see text] is Not Enough.Disease risk mitigationSocial optimumInfectious diseaseEconomic incentivesList of Epidemiological States and the Instantaneous Net Benefits of Contact in Those States, ....