288 research outputs found
A strongly polynomial algorithm for generalized flow maximization
A strongly polynomial algorithm is given for the generalized flow
maximization problem. It uses a new variant of the scaling technique, called
continuous scaling. The main measure of progress is that within a strongly
polynomial number of steps, an arc can be identified that must be tight in
every dual optimal solution, and thus can be contracted. As a consequence of
the result, we also obtain a strongly polynomial algorithm for the linear
feasibility problem with at most two nonzero entries per column in the
constraint matrix.Comment: minor correction
Approximating Minimum Cost Connectivity Orientation and Augmentation
We investigate problems addressing combined connectivity augmentation and
orientations settings. We give a polynomial-time 6-approximation algorithm for
finding a minimum cost subgraph of an undirected graph that admits an
orientation covering a nonnegative crossing -supermodular demand function,
as defined by Frank. An important example is -edge-connectivity, a
common generalization of global and rooted edge-connectivity.
Our algorithm is based on a non-standard application of the iterative
rounding method. We observe that the standard linear program with cut
constraints is not amenable and use an alternative linear program with
partition and co-partition constraints instead. The proof requires a new type
of uncrossing technique on partitions and co-partitions.
We also consider the problem setting when the cost of an edge can be
different for the two possible orientations. The problem becomes substantially
more difficult already for the simpler requirement of -edge-connectivity.
Khanna, Naor, and Shepherd showed that the integrality gap of the natural
linear program is at most when and conjectured that it is constant
for all fixed . We disprove this conjecture by showing an
integrality gap even when
On Graduation from Fiscal Procyclicality
In the past, industrial countries have tended to pursue countercyclical or, at worst, acyclical fiscal policy. In sharp contrast, emerging and developing countries have followed procyclical fiscal policy, thus exacerbating the underlying business cycle. We show that, over the last decade, about a third of the developing world has been able to escape the procyclicality trap and actually become countercyclical. We then focus on the role played by the quality of institutions, which appears to be a key determinant of a countrys ability to graduate. We show that, even after controlling for the endogeneity of institutions and other determinants of
scal procyclicality, there is a causal link running from stronger institutions to less procyclical or more countercyclical fiscal policy.
How Big (Small?) are Fiscal Multipliers?
We contribute to the debate on the macroeconomic effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a novel quarterly dataset of government expenditure in 44 countries, we find that (i) the output effect of an increase in government consumption is larger in industrial than in developing countries, (ii) the fiscal multiplier is relatively large in economies operating under predetermined exchange rates but is zero in economies operating under flexible exchange rates; (iii) fiscal multipliers in open economies are smaller than in closed economies; (iv) fiscal multipliers in high-debt countries are negative.
An enamel-painted glass bottle from a “Turkish pit” in Buda
The fragments of a high quality, enamel painted, blue glass bottle with the date 1671 on its shoulder were found in the Castle District of Buda, in a huge pit dated to the period of the Ottoman occupation. The shape of the object shows eastern influences, while its decoration is clearly western. The origin of the bottle is probably Transylvanian, based on its characteristics and a small group of parallels
A strongly polynomial algorithm for linear exchange markets
We present a strongly polynomial algorithm for computing an equilibrium in Arrow-Debreu exchange markets with linear utilities. Our algorithm is based on a variant of the weakly-polynomial Duan–Mehlhorn (DM) algorithm. We use the DM algorithm as a subroutine to identify revealed edges, i.e. pairs of agents and goods that must correspond to best bang-per-buck transactions in every equilibrium solution. Every time a new revealed edge is found, we use another subroutine that decides if there is an optimal solution using the current set of revealed edges, or if none exists, finds the solution that approximately minimizes the violation of the demand and supply constraints. This task can be reduced to solving a linear program (LP). Even though we are unable to solve this LP in strongly polynomial time, we show that it can be approximated by a simpler LP with two variables per inequality that is solvable in strongly polynomial time
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