The Firm as a Community Explaining Asymmetric Behavior and Downward Rigidity of Wages

This paper models the firm as a community à la Akerlof (1980) to account for asymmetric behavior, and in particular, downward rigidity of wages. It is shown that, through social interaction among workers in the firm community, wage cuts can give rise to a large, discontinuous fall in labor productivity (known as “catastrophe”). Furthermore, this large fall in labor productivity will persist or display inertia (known as “hysteresis”) even if the wages are restored to the pre-cut level and beyond. Our catastrophe/hysteresis finding with respect to wage cuts can rationalize the downward rigidity of wage behavior, and is consistent with the interview evidence of fragile worker morale emphasized by Bewley (1999) and others in explaining why employers are sensitive to and refrain from cutting worker pay.Wage rigidity, Firm community, Catastrophe, Hysteresis

Receiprocity and Downward Wage Rigidity

The employment relationship is to a large extent characterized by incomplete contracts, in which workers have a considerable degree of discretion over the choice of their work effort. This discretion at work kicks in the potential importance of “gift exchange” or reciprocity between workers and employers in their employment relationship. Built on the seminal work of Akerlof (1980), this paper adopts a social norm approach to model reciprocity in labor markets and theoretically derives two versions of downward wage rigidity. The first version explains why employers may adopt a high wage policy far above the competitive level. This version is not a novel finding in the existing literature and is mainly served as a benchmark for later comparison in the current paper. Our main contribution lies in the second version in which not nly may employers adopt a high wage policy far above the competitive level, but one can also account for the asymmetric behavior of wages and explain why employers are hesitant about wage cuts in the presence of negative shocks. We argue that this second and stronger version of downward wage rigidity has moved the efficiency wage theory a step forward.Reciprocity, Downward Wage Rigidity, Social Norm, Efficiency Wage

Classification and nondegeneracy of SU(n+1)SU(n+1) Toda system with singular sources

We consider the following Toda system \Delta u_i + \D \sum_{j = 1}^n a_{ij}e^{u_j} = 4\pi\gamma_{i}\delta_{0} \text{in}\mathbb R^2, \int_{\mathbb R^2}e^{u_i} dx -1$,$\delta_0$is Dirac measure at 0, and the coefficients$a_{ij}$form the standard tri-diagonal Cartan matrix. In this paper, (i) we completely classify the solutions and obtain the quantization result:$$\sum_{j=1}^n a_{ij}\int_{\R^2}e^{u_j} dx = 4\pi (2+\gamma_i+\gamma_{n+1-i}), \;\;\forall\; 1\leq i \leq n.$$This generalizes the classification result by Jost and Wang for$\gamma_i=0$,$\forall \;1\leq i\leq n$. (ii) We prove that if$\gamma_i+\gamma_{i+1}+...+\gamma_j \notin \mathbb Z$for all$1\leq i\leq j\leq n$, then any solution$u_i$ is \textit{radially symmetric} w.r.t. 0. (iii) We prove that the linearized equation at any solution is \textit{non-degenerate}. These are fundamental results in order to understand the bubbling behavior of the Toda system.Comment: 28 page

PHP61 The Financial Impacts of Pharmacist Intervention in Inpatient Department of a Local Hospital in Taiwan

Morphometric analysis of S. mortenseni. (DOC 44 kb

Outer Regions of the Milky Way

With the start of the Gaia era, the time has come to address the major challenge of deriving the star formation history and evolution of the disk of our MilkyWay. Here we review our present knowledge of the outer regions of the Milky Way disk population. Its stellar content, its structure and its dynamical and chemical evolution are summarized, focussing on our lack of understanding both from an observational and a theoretical viewpoint. We describe the unprecedented data that Gaia and the upcoming ground-based spectroscopic surveys will provide in the next decade. More in detail, we quantify the expect accuracy in position, velocity and astrophysical parameters of some of the key tracers of the stellar populations in the outer Galactic disk. Some insights on the future capability of these surveys to answer crucial and fundamental issues are discussed, such as the mechanisms driving the spiral arms and the warp formation. Our Galaxy, theMilkyWay, is our cosmological laboratory for understanding the process of formation and evolution of disk galaxies. What we learn in the next decades will be naturally transferred to the extragalactic domain.Comment: 22 pages, 10 figures, Invited review, Book chapter in "Outskirts of Galaxies", Eds. J. H. Knapen, J. C. Lee and A. Gil de Paz, Astrophysics and Space Science Library, Springer, in pres

Maximizing the Total Resolution of Graphs

A major factor affecting the readability of a graph drawing is its resolution. In the graph drawing literature, the resolution of a drawing is either measured based on the angles formed by consecutive edges incident to a common node (angular resolution) or by the angles formed at edge crossings (crossing resolution). In this paper, we evaluate both by introducing the notion of "total resolution", that is, the minimum of the angular and crossing resolution. To the best of our knowledge, this is the first time where the problem of maximizing the total resolution of a drawing is studied. The main contribution of the paper consists of drawings of asymptotically optimal total resolution for complete graphs (circular drawings) and for complete bipartite graphs (2-layered drawings). In addition, we present and experimentally evaluate a force-directed based algorithm that constructs drawings of large total resolution

New improved Moser-Trudinger inequalities and singular Liouville equations on compact surfaces

We consider a singular Liouville equation on a compact surface, arising from the study of Chern-Simons vortices in a self dual regime. Using new improved versions of the Moser-Trudinger inequalities (whose main feature is to be scaling invariant) and a variational scheme, we prove new existence results.Comment: to appear in GAF

Threshold electric field in unconventional density waves

As it is well known most of charge density wave (CDW) and spin density wave (SDW) exhibit the nonlinear transport with well defined threshold electric field E_T. Here we study theoretically the threshold electric field of unconventional density waves. We find that the threshold field increases monotonically with temperature without divergent behaviour at T_c, unlike the one in conventional CDW. The present result in the 3D weak pinning limit appears to describe rather well the threshold electric field observed recently in the low-temperature phase (LTP) of alpha-(BEDT-TTF)_2KHg(SCN)_4.Comment: 4 pages, 2 figure

An integrated numerical model for wave-soil-pipeline interactions

YesAn integrated Finite Element Method (FEM) model is proposed to investigate the dynamic seabed response for several specific pipeline layouts and to simulate the pipeline stability under waves loading. In the present model, the Reynolds-Averaged Navier-Stokes (RANS) equations are used to describe the wave motion in a fluid domain, while the seabed domain is described using the Biot’s poro-elastic theory. The interface between water and air is tracked by conservative Level Set method (LSM). The FEM and backward differentiation formula (BDF) are applied for spatial and temporal discretization respectively in the present model. One-way coupling is used to integrate flow and seabed models. The present model is firstly validated using several available laboratory experiments. It is then further extended to practical engineering applications, including the dynamic seabed response for the pipeline mounted on a flat seabed or inside a trench. The results show that the pipeline buried to a certain depth is better protected than that under partially buried in terms of transient liquefaction.Energy Technology Partnership (ETP), Wood Group Kenn