3,227 research outputs found

    Security of Property Rights for Whom?

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    Recent research regarding property rights and economic development often treats property rights security in a country as homogeneous, although protecting the private entitlements of some can entail preventing others from claiming and controlling those same resources. This one-dimensional conception of property rights ignores the significant variation in the risk of expropriation faced by different groups in the same country. Using a new set of indicators that measures the property insecurity of ethnocultural minorities, this study finds that in many countries members of marginalized groups face significantly higher property insecurity than foreign investors and domestic elites, and that although secure property rights for elites and foreign investors may be positively related to long-run development, property rights for marginalized groups are not.property rights, growth, minority groups, law

    Deep Space Station (DSS-13) automation demonstration

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    The data base collected during a six month demonstration of an automated Deep Space Station (DSS 13) run unattended and remotely controlled is summarized. During this period, DSS 13 received spacecraft telemetry data from Voyager, Pioneers 10 and 11, and Helios projects. Corrective and preventive maintenance are reported by subsystem including the traditional subsystems and those subsystems added for the automation demonstration. Operations and maintenance data for a comparable manned Deep Space Station (DSS 11) are also presented for comparison. The data suggests that unattended operations may reduce maintenance manhours in addition to reducing operator manhours. Corrective maintenance for the unmanned station was about one third of the manned station, and preventive maintenance was about one half

    Lowering Consumer Search Costs Can Lead To Higher Prices

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    We demonstrate that regulations that lower consumer search costs and make them less heterogeneous across consumers can lead to higher prices charged by firms. We estimate the distribution of consumer search costs for 366 isolated retail gasoline markets, and find that reducing the mean and standard deviation by 20% and 48%, respectively, leads to price increases in 32% of markets and an average price increase of 5.2 cents per gallon across all markets. Thus, price transparency regulation that results in higher prices may not stem from collusion, but from an equilibrium with less consumer search

    A proposed translator writing system language - Computer project, volume 3, no. 1

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    Programming language for advanced translator writing syste

    The MODIS Aerosol Algorithms: Past, Present, Future

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    The MODIS aerosol products today are widely used by the climate and air quality communities, operationally in data assimilation systems, by air quality forecasters, and throughout the research world. The product is the result of algorithms that were conceptualized 20 years ago by Yoram Kaufman and Didier Tanre, developed through the entire 1990's by a team spanning two continents, and maintained and evaluated since Terra launch in 1999. I will use this opportunity to point out the highlights of the past 20 years, and preview plans for a future that is beginning even now

    Security of property rights for whom?

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    Recent research regarding property rights and economic development often treats property rights security in a country as homogeneous, although protecting the private entitlements of some can entail preventing others from claiming and controlling those same resources. This one-dimensional conception of property rights ignores the significant variation in the risk of expropriation faced by different groups in the same country. Using a new set of indicators that measures the property insecurity of ethnocultural minorities, this study finds that in many countries members of marginalized groups face significantly higher property insecurity than foreign investors and domestic elites, and that although secure property rights for elites and foreign investors may be positively related to long-run development, property rights for marginalized groups are not

    Pass-Through And The Prediction Of Merger Price Effects

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    We use Monte Carlo experiments to study how pass-through can improve merger price predictions, focusing on the first order approximation (FOA) proposed in Jaffe and Weyl [2013]. FOA addresses the functional form misspecification that can exist in standard merger simulations. We find that the predictions of FOA are tightly distributed around the true price effects if pass-through is precise, but that measurement error in pass-through diminishes accuracy. As a comparison to FOA, we also study a methodology that uses pass-through to select among functional forms for use in simulation. This alternative also increases accuracy relative to standard merger simulation and proves more robust to measurement error

    An Empirical Investigation Of The Determinants Of Asymmetric Pricing

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