9,513 research outputs found

    The Optimal Rate of Decline of an Inefficient Industry

    Get PDF
    This paper considers the problem of the optimal time path of contraction of an industry which has been hit by foreign competition, and shows that in general, along the optimal path, a production subsidy is warranted. The optimal subsidy trades off the benefit of unemployment in speeding up the approach to the new long-run equilibrium against the cost of lost output in the ‘inefficient’ industry. The dynamic shadow price of labour in this industry is also derived and shown to be always positive, though below the industry wage rat

    Fractional Operators, Dirichlet Averages, and Splines

    Full text link
    Fractional differential and integral operators, Dirichlet averages, and splines of complex order are three seemingly distinct mathematical subject areas addressing different questions and employing different methodologies. It is the purpose of this paper to show that there are deep and interesting relationships between these three areas. First a brief introduction to fractional differential and integral operators defined on Lizorkin spaces is presented and some of their main properties exhibited. This particular approach has the advantage that several definitions of fractional derivatives and integrals coincide. We then introduce Dirichlet averages and extend their definition to an infinite-dimensional setting that is needed to exhibit the relationships to splines of complex order. Finally, we focus on splines of complex order and, in particular, on cardinal B-splines of complex order. The fundamental connections to fractional derivatives and integrals as well as Dirichlet averages are presented

    The Optimal Rate of Decline of an Inefficient Industry

    Get PDF
    This paper considers the problem of the optimal time path of contraction of an industry which has been hit by foreign competition, and shows that in general, along the optimal path, a production subsidy is warranted. The optimal subsidy trades off the benefit of unemployment in speeding up the approach to the new long-run equilibrium against the cost of lost output in the ‘inefficient’ industry. The dynamic shadow price of labour in this industry is also derived and shown to be always positive, though below the industry wage rate

    Ethnic variations in the relationship between multiple stress domains and use of several types of tobacco/nicotine products among a diverse sample of adults.

    Get PDF
    IntroductionFinancial strain and discrimination are consistent predictors of negative health outcomes and maladaptive coping behaviors, including tobacco use. Although there is considerable information exploring stress and smoking, limited research has examined the relationship between patterns of stress domains and specific tobacco/nicotine product use. Even fewer studies have assessed ethnic variations in these relationships.MethodsThis study investigated the relationship between discrimination and financial strain and current tobacco/nicotine product use and explored the ethnic variation in these relationships among diverse sample of US adults (N = 1068). Separate logistic regression models assessed associations between stress domains and tobacco/nicotine product use, adjusting for covariates (e.g., age, gender, race/ethnicity, and household income). Due to statistically significant differences, the final set of models was stratified by race/ethnicity.ResultsHigher levels of discrimination were associated with higher odds of all three tobacco/nicotine product categories. Financial strain was positively associated with combustible tobacco and combined tobacco/nicotine product use. Financial strain was especially risky for Non-Hispanic Whites (AOR:1.191, 95%CI:1.083-1.309) and Blacks/African Americans (AOR:1.542, 95%CI:1.106-2.148), as compared to other groups, whereas discrimination was most detrimental for Asians/Pacific Islanders (AOR:3.827, 95%CI:1.832-7.997) and Hispanics/Latinas/Latinos (AOR:2.517, 95%CI:1.603-3.952).ConclusionsFindings suggest discrimination and financial stressors are risk factors for use of multiple tobacco/nicotine products, highlighting the importance of prevention research that accounts for these stressors. Because ethnic groups may respond differently to stress/strain, prevention research needs to identify cultural values, beliefs, and coping strategies that can buffer the negative consequences of discrimination and financial stressors

    Neural correlates of endogenous attention, exogenous attention and inhibition of return in touch

    Get PDF
    Selective attention helps process the myriad of information constantly touching our body. Both endogenous and exogenous mechanisms are relied upon to effectively process this information; however, it is unclear how they relate in the sense of touch. In three tasks we contrasted endogenous and exogenous event-related potential (ERP) and behavioural effects. Unilateral tactile cues were followed by a tactile target at the same or opposite hand. Clear behavioural effects showed facilitation of expected targets both when the cue predicted targets at the same (endogenous predictive task) and opposite hand (endogenous counter-predictive task), and these effects also correlated with ERP effects of endogenous attention. In an exogenous task, where the cue was non-informative, inhibition of return (IOR) was observed. The electrophysiological results demonstrated early effects of exogenous attention followed by later endogenous attention modulations. These effects were independent in both the endogenous predictive and exogenous tasks. However, voluntarily directing attention away from a cued body part influenced the early exogenous marker (N80). This suggests that the two mechanisms are interdependent, at least when the task requires more demanding shifts of attention. The early marker of exogenous tactile attention, the N80, was not directly related to IOR, which may suggest that exogenous attention and IOR are not necessarily two sides of the same coin. This study adds valuable new insight into how we process and select information presented to our body, showing both independent and interdependent effects of endogenous and exogenous attention in touch

    Body in mind

    Get PDF

    Distilling Non-Locality

    Full text link
    Two parts of an entangled quantum state can have a correlation in their joint behavior under measurements that is unexplainable by shared classical information. Such correlations are called non-local and have proven to be an interesting resource for information processing. Since non-local correlations are more useful if they are stronger, it is natural to ask whether weak non-locality can be amplified. We give an affirmative answer by presenting the first protocol for distilling non-locality in the framework of generalized non-signaling theories. Our protocol works for both quantum and non-quantum correlations. This shows that in many contexts, the extent to which a single instance of a correlation can violate a CHSH inequality is not a good measure for the usefulness of non-locality. A more meaningful measure follows from our results.Comment: Revised abstract, introduction and conclusion. Accepted by PR
    • …
    corecore