526 research outputs found
Recurrence of a modified random walk and its application to an economic model
A modification of Chung and Fuchsâ (Mem. Amer. Math. Soc., 6 (1951), pp. 1-12) recurrence theorem for random walks leads to an analogous result for a different discrete parameter Markov process. This latter process is applicable to an analysis of price stabilization programs involving purchases and sales from a buffer stock.speculative attack
Game Theory and the Law: Ready for Prime Time?
A Review of Douglas G. Baird, Robert H. Gertner, and Randal C. Picker, Game Theory and the La
The benefits of expediting government gold sales
Additional gold can be made available either by mining at high cost (approximately 340âbillion; if they make an unanticipated sale in 20âyears, $105âbillion of that amount is lost. By depressing prices, such sales benefit depletion and service users but injure private owners of stocks above and belowâground. However, the injury to aboveâground stock owners is more than offset by the benefits to service usersâoften the same individuals. Mine owners would be the principal losers; however, they could be compensated (twice over) from government sales revenue without any need for tax increases.Peer Reviewedhttps://deepblue.lib.umich.edu/bitstream/2027.42/142282/1/rfe235.pd
Recurrence of a modified random walk and its application to an economic model
A modification of Chung and Fuchsâ (Mem. Amer. Math. Soc., 6 (1951), pp. 1-12) recurrence theorem for random walks leads to an analogous result for a different discrete parameter Markov process. This latter process is applicable to an analysis of price stabilization programs involving purchases and sales from a buffer stock
Recurrence of a modified random walk and its application to an economic model
A modification of Chung and Fuchsâ (Mem. Amer. Math. Soc., 6 (1951), pp. 1-12) recurrence theorem for random walks leads to an analogous result for a different discrete parameter Markov process. This latter process is applicable to an analysis of price stabilization programs involving purchases and sales from a buffer stock
On the lease rate, convenience yield and speculative effects in the gold futures market
By examining data on the gold forward offered rate (GOFO) and lease rates over the period 1996- 2009, we conclude that the convenience yield of gold is better approximated by the lease rate than the interest-adjusted spread of Fama & French (1983). Using the latter quantity, we study the relationship between gold leasing and the level of COMEX discretionary inventory and exhibit that lease rates are negatively related to inventories. We also show that Futures prices have increasingly exceeded forward prices over the period, and this effect increases with the speculative pressure and the maturity of the contracts
Adjunctive granulocyte colony-stimulating factor for treatment of septic shock due to melioidosis
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