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Which compensation for whom ?

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Figure

Figure 1: Optimal Compensation Scheme as a function of the population size
Figure 2: Compensation scheme without EA constraint (CS 0 )
Figure 3 shows the costs associated with these compensation schemes (CS 0 , CS F env , CS F mon ) and with CS ∗ (composed of regimes 1, 2 and 3)
Figure 4: Individual welfare gain/loss for two different levels of α i when 1 + σ < q q 2
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