Money and Price Posting under Private Information

We study price posting with undirected search in a search-theoretic monetary model with divisible money and divisible goods. Ex ante homogeneous buyers experience match specific preference shocks in bilateral trades. The shocks follow a continuous distribution and the realization of the shocks is private information. We show that generically there exists a unique price posting monetary equilibrium. In equilibrium, each seller posts a continuous pricing schedule that exhibits quantity discounts. Buyers spend only when they have high enough preferences. As their preferences are higher, they spend more till they become cash constrained. Since inflation reduces the future purchasing power of money and the value of retaining money, buyers tend to spend their money faster in response to higher inflation. In particular, more buyers choose to spend money and buyers spend on average a higher fraction of their money. The model naturally captures the hot potato effect of inflation along both the intensive margin and the extensive margin.Economic models; Inflation and prices

Trees with the most subtrees -- an algorithmic approach

When considering the number of subtrees of trees, the extremal structures which maximize this number among binary trees and trees with a given maximum degree lead to some interesting facts that correlate to other graphical indices in applications. The number of subtrees in the extremal cases constitute sequences which are of interest to number theorists. The structures which maximize or minimize the number of subtrees among general trees, binary trees and trees with a given maximum degree have been identified previously. Most recently, results of this nature are generalized to trees with a given degree sequence. In this note, we characterize the trees which maximize the number of subtrees among trees of a given order and degree sequence. Instead of using theoretical arguments, we take an algorithmic approach that explicitly describes the process of achieving an extremal tree from any random tree. The result also leads to some interesting questions and provides insight on finding the trees close to extremal and their numbers of subtrees.Comment: 12 pages, 7 figures; Journal of combinatorics, 201

One or Two Monies?

We investigate whether money constitutes a perfect substitute for the missing record-keeping technology in a quasi-linear environment, where private information and limited commitment are present. We adopt the mechanism design approach and solve a social planner�s problem subject to the resource constraint, the incentive constraints imposed by the existing frictions, and the available memory technologies. The result is that when money is divisible, concealable and in variable supply, a single money may or may not be su¢ cient to replace the record-keeping technology. We further show that two monies serve as a perfect substitute for the record-keeping technology so that there is no need for a third money

Effects of losses in the hybrid atom-light interferometer

Enhanced Raman scattering can be obtained by injecting a seeded light field which is correlated with the initially prepared collective atomic excitation. This Raman amplification process can be used to realize atom-light hybrid interferometer. We numerically calculate the phase sensitivities and the signal-to-noise ratios of this interferometer with the method of homodyne detection and intensity detection, and give their differences between this two methods. In the presence of loss of light field and atomic decoherence the measure precision will be reduced which can be explained by the break of the intermode decorrelation conditions of output modesComment: 9 pages, 7 figure

Routing Optimization of Intelligent Vehicle in Automated Warehouse

Routing optimization is a key technology in the intelligent warehouse logistics. In order to get an optimal route for warehouse intelligent vehicle, routing optimization in complex global dynamic environment is studied. A new evolutionary ant colony algorithm based on RFID and knowledge-refinement is proposed. The new algorithm gets environmental information timely through the RFID technology and updates the environment map at the same time. It adopts elite ant kept, fallback, and pheromones limitation adjustment strategy. The current optimal route in population space is optimized based on experiential knowledge. The experimental results show that the new algorithm has higher convergence speed and can jump out the U-type or V-type obstacle traps easily. It can also find the global optimal route or approximate optimal one with higher probability in the complex dynamic environment. The new algorithm is proved feasible and effective by simulation results

Effect of low intensity pulsed ultrasound on repairing the periodontal bone of Beagle canines

AbstractObjectiveTo investigate the repairing effect of low intensity pulsed ultrasound (LIPUS) on the Beagle canines periodontal bone defect.MethodsA total of 12 Beagle dogs with periodontal bone defect model were randomly divided into control group, LIPUS group, guided tissue regeneration (GTR) group and LIPUS+GTR group, with three in each. After completion of the models, no other proceeding was performed in control group; LIPUS group adopt direct exposure to radiation line LIPUS processing 1 week after modeling; GTR group adopted treatment with GTR, following the CTR standard operation reference; LIPUS+GTR group was treated with LIPUS joint GTR. Temperature change before treatment and histopathological change of periodontal tissue after repair was observed.ResultsThere was no significant difference in temperature changes of periodontal tissue between groups (P>0.05). The amount and maturity of LIPUS+GTR group were superior to other groups; new cementum, dental periodontal bones of GTR group were superior to the control group but less than LIPUS group; new collagen and maturity of the control group is not high relatively.ConclusionsLIPUS can accelerate the calcium salt deposition and new bone maturation, thus it can serve as promoting periodontal tissue repair, and shortening the periodontal tissue repair time

Trace amounts of copper induce neurotoxicity in the cholesterol-fed mice through apoptosis

AbstractEvidence has been gathered to suggest that trace amounts of copper induce neurotoxicity by interaction with elevated cholesterol in diet. Copper treatment alone showed no significant learning and memory impairments in behavioral tasks. However, copper-induced neurotoxicity was significantly increased in mice given elevated-cholesterol diet. Trace amounts of copper decreased the activity of SOD and increased the level of malondialdehyde (MDA) in the brain of cholesterol-fed mouse. Copper also caused an increase in amyloid precursor protein (APP) mRNA level and the activation of caspase-3 in the brain of cholesterol-fed mice. The apoptosis-induced nuclear DNA fragmentation was detected in the brain of those mice by terminal deoxynucleotidyl transferase (TdT)-mediated dUTP nick-end-labeling staining. These findings suggest that trace amounts of copper induce neurotoxicity in cholesterol-fed mice through apoptosis caused by oxidative stress

2,2′-[(4,6-Dinitro-1,3-phenyl­ene)dioxy]diacetic acid hemihydrate

The skeletons of both independent mol­ecules of the carboxylic acid hemihydrate, C10H8N2O10·0.5H2O, are approximately planar [maximum deviations 0.642 (3) and 0.468 (1) Å]. The deviations arise from the twisting of the nitro groups with respect to the aromatic rings [dihedral angles = 3.24 (2) and 27.01 (1), and 7.87 (1) and 16.37 (2)° in the two molecules]. The crystal structure features inter­molecular O—H⋯O hydrogen bonds, which the link the dicarboxylic acid and water mol­ecules into a supra­molecular layer network