6,502 research outputs found

    The incidence of nominal and real wage rigidities in Great Britain: 1978–1998

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    This paper analyzes the extent of rigidities in wage setting in Great Britain over the 1980s and 1990s. Our estimation strategy, which generalizes the work of Altonji and Devereux (2000), models the notional wage growth distribution--the distribution of nominal wage growth that would occur in the absence of rigidities in pay--while allowing for the presence of measurement error in the data. The model then allows for the possibility that the nominal wage growth of a fraction of the workforce may be subject to a nominal or real downward rigidity. Our model suggests that real rigidities in wage setting are more prevalent than nominal rigidities, although the incidence of these real wage rigidities has fallen gradually over time. If firms cannot cut real wages in response to negative demand shocks they may resort to laying off workers. Our results support this microfoundation of the wage-unemployment Phillips curve: Workers who are more likely to be protected from wage cuts are also more likely to lose their jobs.Wages - Great Britain

    Does wage inflation cause price inflation?

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    Is there any evidence to support the assumption that increased wages cause inflation? This study updates and expands earlier research into this question and finds little support for the view that higher wages cause higher prices. On the contrary, more evidence is found for higher prices leading to wage growth.Inflation (Finance) ; Wages ; Prices

    Switching Reconstruction of Digraphs

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    Switching about a vertex in a digraph means to reverse the direction of every edge incident with that vertex. Bondy and Mercier introduced the problem of whether a digraph can be reconstructed up to isomorphism from the multiset of isomorphism types of digraphs obtained by switching about each vertex. Since the largest known non-reconstructible oriented graphs have 8 vertices, it is natural to ask whether there are any larger non-reconstructible graphs. In this paper we continue the investigation of this question. We find that there are exactly 44 non-reconstructible oriented graphs whose underlying undirected graphs have maximum degree at most 2. We also determine the full set of switching-stable oriented graphs, which are those graphs for which all switchings return a digraph isomorphic to the original

    Index der Titelbestandteile zu Dilwyn Jones: An Index of Ancient Egyptian Titles, Epithets and Phrases of the Old Kingdom

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    Vorliegender Index erschließt die nicht-ersten Titelbestandteile der in Dilwyn Jones: An index of ancient Egyptian titles, epithets and phrases of the Old Kingdom. Oxford : Archaeopress, 2000, verzettelten Titel und Epitheta des Alten Reiches

    Monte Carlo Simulation of Deffuant opinion dynamics with quality differences

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    In this work the consequences of different opinion qualities in the Deffuant model were examined. If these qualities are randomly distributed, no different behavior was observed. In contrast to that, systematically assigned qualities had strong effects to the final opinion distribution. There was a high probability that the strongest opinion was one with a high quality. Furthermore, under the same conditions, this major opinion was much stronger than in the models without systematic differences. Finally, a society with systematic quality differences needed more tolerance to form a complete consensus than one without or with unsystematic ones.Comment: 8 pages including 5 space-consuming figures, fir Int. J. Mod. Phys. C 15/1

    An agent-based model of collective emotions in onlinecommunities

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    Abstract.: We develop an agent-based framework to model the emergence of collective emotions, which is applied to online communities. Agent's individual emotions are described by their valence and arousal. Using the concept of Brownian agents, these variables change according to a stochastic dynamics, which also considers the feedback from online communication. Agents generate emotional information, which is stored and distributed in a field modeling the online medium. This field affects the emotional states of agents in a non-linear manner. We derive conditions for the emergence of collective emotions, observable in a bimodal valence distribution. Dependent on a saturated or a superlinear feedback between the information field and the agent's arousal, we further identify scenarios where collective emotions only appear once or in a repeated manner. The analytical results are illustrated by agent-based computer simulations. Our framework provides testable hypotheses about the emergence of collective emotions, which can be verified by data from online communitie

    Non-equilibrium dynamics of an active colloidal "chucker"

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    We report Monte Carlo simulations of the dynamics of a "chucker": a colloidal particle which emits smaller solute particles from its surface, isotropically and at a constant rate k_c. We find that the diffusion constant of the chucker increases for small k_c, as recently predicted theoretically. At large k_c the chucker diffuses more slowly due to crowding effects. We compare our simulation results to those of a "point particle" Langevin dynamics scheme in which the solute concentration field is calculated analytically, and in which hydrodynamic effects can be included albeit in an approximate way. By simulating the dragging of a chucker, we obtain an estimate of its apparent mobility coefficient which violates the fluctuation-dissipation theorem. We also characterise the probability density profile for a chucker which sediments onto a surface which either repels or absorbs the solute particles, and find that the steady state distributions are very different in the two cases. Our simulations are inspired by the biological example of exopolysaccharide-producing bacteria, as well as by recent experimental, simulation and theoretical work on phoretic colloidal "swimmers".Comment: re-submission after referee's comment
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