Justice (Vol. 10, Iss. 5)

v.18:suppl. (1987

Morphometric Analysis of Dinosaur Tracks from Southwest Arkansas

Dinosaur trackways were discovered in Cretaceous De Queen Limestone strata in Howard County, Arkansas, in June 2011. Multiple trackways with variably sized tridactyl tracks were exposed in a commercial quarry, suggesting multiple theropod species or adult and juvenile tracks of a single species. Results of morphometric analyses of 32 plaster casts from selected trackways are reported in an effort to identify the specific track-making dinosaurs and differentiate large and small tracks. Track measurements included length and width of each track, the lengths and widths of each digit impression, and the angular spread (divarication) between digit impressions. Twenty-nine plaster casts were of tridactyl theropod tracks whereas three casts were of poorly preserved tracks of a presumed but unknown tetradactyl (and possibly tetrapod) organism. Plaster casts of tridactyl theropod tracks ranged from 0.36 to 0.61 m long and 0.22 to 0.54 m wide. The longest digit impression on each track was the second, or middle, digit (range = 0.15 – 0.35 m long) with total digit divarication ranging from 31 - 57 degrees. The Arkansas track measurements were compared to tracks (Eubrontes glenrosensis Shuler 1935) preserved in the correlative Glen Rose Formation, Texas and attributed to the large Early Cretaceous carnosaur, Acrocanthosaurus atokensis. The E. glenrosensis track measurements from Texas plotted within the Arkansas data range, suggesting affinity of the Arkansas tracks to E. glenrosensis. Relatively poor preservation of tetradactyl tracks precluded morphometric analysis, but visual comparison to known Cretaceous crocodilian tracks is suggestive of affinity to such organisms

Equilibrium Bank Runs

We analyze a banking system in which the class of feasible deposit contracts, or mechanisms, is broad. The mechanisms must satisfy a sequential service constraint, but partial or full suspension of convertibility is allowed. Consumers must be willing to deposit, ex ante. We show, by examples, that under the so-called "optimal contract," the post-deposit game can have a run equilibrium. Given a "propensity" to run, triggered by sunspots, the optimal contract for the full pre-deposit game can be consistent with runs that occur with positive probability. Thus, the Diamond-Dybvig framework can explain bank runs, as emerging in equilibrium under the optimal deposit contract.

The Economic Effects of Restrictions on Government Budget Deficits: Imperfect Privte Credit Markets

We consider a pure-exchange overlapping-generations model We consider a pure-exchange overlapping-generations model with many consumers per generation and many goods per period. As in Ghiglino and Shell (2000), there is a government that collects taxes, distributes transfers and faces budget deficit restrictions. We introduce, for realism and symmetry with the government, imperfection in the private credit markets. We find that with constraints on individual credit and anonymous (i.e., non-personalized) lump-sum taxes, strong (or 'global') irrelevance of the government budget deficit is not possible, and weak irrelevance can hold only in very special situations. With credit constraints and anonymous consumption taxes, weak irrelevance holds provided the number of tax instruments is sufficiently large and at least one consumer's credit constraint is not binding.

Evolving Neural Networks for the Capture Game

Postprin