Hunting the unobservables for optimal social security a general equilibrium approach

We study the optimal size of a pay-as-you-go social security program for an economy composed of both permanent-income and hand-to-mouth consumers. While previous work on this topic is framed within a two-period partial equilibrium setup, we study this issue in a life-cycle general equilibrium model. Because this type of welfare analysis depends critically on unobservable preference parameters, we methodically consider all parameterizations of the unobservables that are both feasible and reasonable—all parameterizations that can mimic key features of macro data (feasible) while still being consistent with micro evidence and convention (reasonable). The baseline model predicts that the optimal tax rate is between 6 percent and 15 percent of wage income.

Security protection for critical infrastructure

Understanding and managing information infrastructure (II) security risks is a priority to most organizations dealing with information technology and information warfare (IW) scenarios today (Libicki, 2000). Traditional security risk analysis (SRA) was well suited to these tasks within the paradigm of computer security, where the focus was on securing tangible items such as computing and communications equipment (NCS,1996; Cramer, 1998). With the growth of information interchange and reliance on information infrastructure, the ability to understand where vulnerabilities lie within an organization, regardless of size, has become extremely difficult (NIPC, 1996). To place a value on the information that is owned and used by an organization is virtually an impossible task. The suitability of risk analysis to assist in managing IW and information infrastructure-related security risks is unqualified, however studies have been undertaken to build frameworks and methodologies for modeling information warfare attacks (Molander, Riddile, & Wilson, 1996; Johnson, 1997; Hutchinson & Warren, 2001) which will assist greatly in applying risk analysis concepts and methodologies to the burgeoning information technology security paradigm, information warfare.

Security and privacy threats to volunteer computing

The vision of volunteer computing is to provide large scale computational infrastructure by using dynamic collections of donated desktop computers. There have been many works that highlighted the significant benefits of volunteer computing but little on the security and privacy threats associated with its exploitation. However, volunteer computing is vulnerable to a variety of attacks and presents numerous significant security threats to the stakeholders. This paper presents security and privacy threat taxonomy along with the security features developed to cope with such threats.