984 resultados para private security


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A-1A - Supplemental Security Income Program, April 2007

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A-1A Supplemental Security Income Program, May 2007

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A-1A Supplemental Security Income Program, June 2007

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This annual report highlights the many programs and initiatives with which the Iowa Homeland Security and Emergency Management Division is involved.

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Water fact sheet for Iowa Department of Natural Resources and the Geological Bureau.

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Audit report on the Wireless E911 Emergency Communication Fund of the Iowa Homeland Security and Emergency Management Division of the Iowa Department of Public Defense for the year ended June 30, 2006

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A-1a - SUPPLEMENTAL SECURITY INCOME PROGRAM - July 2007

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A-1a - SUPPLEMENTAL SECURITY INCOME PROGRAM - August 2007

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A-1A - SUPPLEMENTAL SECURITY INCOME PROGRAM - 09-07

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\documentstyle[portada,11pt]{article}This paper shows that the presence of private information in aneconomy can be a source of market incompleteness even when it is feasibleto issue a set of securities that completely eliminates the informationalasymmetries in equilibrium. We analyze a simple security design model in which avolume maximizing futures exchange chooses not only the characteristics ofeach individual contract but also the number of contracts. Agents have rationalexpectations and differ in information, endowments and, possibly, attitudestoward risk. The emergence of complete or incomplete markets in equilibriumdepends on whether the {\it adverse selection effect} is stronger or weakerthan the {\it Hirshleifer effect}, as new securitiesare issued and prices reveal more information. When the Hirshleifer effectdominates, the exchange chooses an incomplete set of financial contracts, andthe equilibrium price is partially revealing.

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A-1A - Supplemental Security Income Program