Output and price level effects of monetary uncertainty in a matching model

output;prices;uncertainty;monetary economics

Forced information disclosure and the fallacy of transparency in markets

A theory advanced in regulatory hearings holds that market performance will be improved if one side of the market is forced to publicly reveal preferences. For example, wholesale electricity producers claim that retail electricity consumers would pay lower prices if wholesale public utility demand is disclosed to producers. Experimental markets studied here featured decentralized, privately negotiated contracts, typical of the wholesale electricity markets. Two conclusions emerge: (1) such markets generally converge to the competitive equilibrium and (2) forced disclosure works to the disadvantage of the disclosing side. Information disclosure would result in higher wholesale and thus higher retail electricity prices

Universalism vs. Particularism: On the Limits of Major Power Order

Relations between major powers can be described as shifting between universalism and particularism. In periods of universalism, major powers try to work out acceptable rules of behavior among one another, whereas in periods of particularism, they emphasize special interests of special powers. The way historians see shifts in major power relations since 1816 largely follows such a classification. By comparing the policies pursued during four periods of universalism and four periods of particularism, as well as analysing what ended or initiated such periods, the limits of major power universalism can be evaluated. Particularly, the short-comings of the recent period of detente are illuminated. Also some principles for a more enduring form of universalism are suggested.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/68816/2/10.1177_002234338402100304.pd

Content analysis of elite articulations

Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/67140/2/10.1177_002200276400800406.pd

Thermochronometer record of central Andean Plateau growth, Bolivia (19.5°S)

Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/94850/1/tect1973.pd

Development of a petrographic classification of fly-ash components from coal combustion and co-combustion. (An ICCP Classification System, Fly-Ash Working Group – Commission III.)

A new system for the microscopic classification of fly-ash components has been developed by the Fly-Ash Working Group, Commission III of the ICCP and is presented herein. The studied fly-ashes were obtained from the combustion of single coals of varied rank, coal blends, and coals blended with other fuels (biomass, petroleum coke), in different operating conditions and by means of different technologies. Microscopic images of the fly-ash samples were used to test the optical criteria proposed for classifying the fly-ash components. The classification system developed is based on a small number of microscopic criteria, subdivided into six independent levels or categories, three of which are directed at whole particle identification on the basis of nature, origin and type of fly-ash particle, while the other three levels are directed at the smaller section identification on the basis of character, structure and optical texture of unburned carbons. To classify the inorganic components of the fly-ash, the criterion proposed is composition in terms of metallic/non-metallic character. To establish the classification criteria the petrographers involved in the work performed three successive round robins. Evaluation of the results by using firstly descriptive statistics and then the criteria and parameters employed by the ICCP in their accreditation programs indicated that the classification of the fly-ash components was accurate and that there was only a minor bias. The main conclusion of this study was that the proposed criteria are valuable for identifying, and classifying fly-ash components and for describing the optical properties of fly-ash particles

A network to understand the changing socio‐ecology of the southern African woodlands (SEOSAW): Challenges, benefits, and methods

Findings from the Socio-Ecological Observatory for the Southern African Woodlands (SEOSAW) will underpin the sustainability of two of the largest industries on the continent: wood fuels and timber. The article describes a new network of researchers’ (SEOSAW) work in long-term, in situ, measurements that will characterize the changing socio-ecology of the woodlands of southern Africa. These woodlands encompass the largest savanna in the world, hugely important to rural and urban livelihoods, but chronically under-studied. A new development is the use of data from permanent sample plots (PSP) in Bayesian model-data fusion analyses of ecosystem carbon cycles. The article includes an extensive bibliography.National Environmental Research Counci

XIAP Protection of Photoreceptors in Animal Models of Retinitis Pigmentosa

BACKGROUND: Retinitis pigmentosa (RP) is a blinding genetic disorder that is caused by the death of photoreceptors in the outer nuclear layer of the retina. To date, 39 different genetic loci have been associated with the disease, and 28 mutated genes have been identified. Despite the complexity of the underlying genetic basis for RP, the final common pathway is photoreceptor cell death via apoptosis. METHODOLOGY/PRINCIPAL FINDINGS: In this study, P23H and S334ter rhodopsin transgenic rat models of RP were used to test the neuroprotective effects of anti-apoptotic gene therapy. Adeno-associated viruses (AAV) carrying the X-linked inhibitor of apoptosis (XIAP) or green fluorescent protein (GFP) were delivered subretinally into the eye of transgenic rat pups. Histological and functional measures were used to assess neuroprotection. XIAP is known to block apoptosis by inhibiting the action of caspases-3, -7 and -9. The results show that XIAP gene therapy provides long-term neuroprotection of photoreceptors at both structural and functional levels. CONCLUSIONS/SIGNIFICANCE: Our gene therapy strategy targets the apoptotic cascade, which is the final common pathway in all forms of retinitis pigmentosa. This strategy holds great promise for the treatment of RP, as it allows for the broad protection of photoreceptors, regardless of the initial disease causing mutation

Writing Russia's future: paradigms, drivers, and scenarios

The development of prediction and forecasting in the social sciences over the past century and more is closely linked with developments in Russia. The Soviet collapse undermined confidence in predictive capabilities, and scenario planning emerged as the dominant future-oriented methodology in area studies, including the study of Russia. Scenarists anticipate multiple futures rather than predicting one. The approach is too rarely critiqued. Building on an account of Russia-related forecasting in the twentieth century, analysis of two decades of scenarios reveals uniform accounts which downplay the insights of experts and of social science theory alike