7,226 research outputs found

    The Right to a Criminal Appeal in the People\u27s Republic of China

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    Nineteen-seventy-nine was a watershed year for the People\u27s Republic of China. Recovering from the destructive Cultural Revolution, the nation began its present period of growth and modernization, including the reinstatement of its legal institutions. As part of its attempt to transform itself into a state ruled by law, the People\u27s Republic enacted its first criminal procedure code in 1979, including a detailed formal procedure for criminal appeals

    The Effect of Collective Bargaining and Central Bank Independence on Inflation and Unemployment: Evidence From the OECD.

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    In this paper, panel data from 15 OECD countries (1971-1990) are used to test the hypothesis that differences in monetary and labour market institutions explain a significant portion of the surprisingly diverse inflation and unemployment experiences among similarly developed economies. As an alternative to the measures of centralization of wage bargaining and corporatism used in previous studies, a Hefindahl index of union concentration is used as a proxy for the degree of coordination failure extant in wage setting. Additional explanatory variables used include union density, union coverage and the level of wage bargaining. We observe that inflation has a hump-shaped relationship with central bank independence and union density, as well as a negative relationship with union concentration, while unemployment has a U-shaped relationship with union density, and a hump-shaped relationship with union concentration and central bank independence. These findings are largely robust to the use of alternative estimators and assumptions on the structure of the error term. Further results are obtained from stratifying the sample by central bank independence and union concentration. These are then compared with the contrasting predictions of two recent theoretical models. Finally, we show that high union concentration is associated with smaller deviations of actual inflation rates from predicted rates in the aftermath of the 1973-74 OPEC price shock.BANKS ; INFLATION ; WAGES ; LABOUR MARKET

    A Method for the Combination of Stochastic Time Varying Load Effects

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    The problem of evaluating the probability that a structure becomes unsafe under a combination of loads, over a given time period, is addressed. The loads and load effects are modeled as either pulse (static problem) processes with random occurrence time, intensity and a specified shape or intermittent continuous (dynamic problem) processes which are zero mean Gaussian processes superimposed 'on a pulse process. The load coincidence method is extended to problems with both nonlinear limit states and dynamic responses, including the case of correlated dynamic responses. The technique of linearization of a nonlinear limit state commonly used in a time-invariant problem is investigated for timevarying combination problems, with emphasis on selecting the linearization point. Results are compared with other methods, namely the method based on upcrossing rate, simpler combination rules such as Square Root of Sum of Squares and Turkstra's rule. Correlated effects among dynamic loads are examined to see how results differ from correlated static loads and to demonstrate which types of load dependencies are most important, i.e., affect' the exceedance probabilities the most. Application of the load coincidence method to code development is briefly discussed.National Science Foundation Grants CME 79-18053 and CEE 82-0759

    Testing Alternative Models of Labor Supply. Evidence from Taxi-Drivers in Singapore.

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    In this paper, we use data from a survey of taxi drivers in Singapore to test two competing labor supply hypotheses: the standard intertemporal model and the income targeting model, where workers set an earnings target over some short time horizon. The former predicts positive wage elasticities of labor supply, while an extreme form of the latter implies an elasticity of -1. The estimated wage elasticities are persistently negative, even after correcting for measurement error using instrumental variables. However, these findings are consistent with those in Camerer et al. (1997)'s study of New York City cab drivers.LABOUR ; INCOME ; MODELS ; WAGES

    Seismic Risk Evaluation of R.C. Buildings in Japan Designated in Accordance with the 1990 AIJ Guidelines

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    National Science Foundation Grant BCS 91-06390Kajima Foundatio

    Perspective Taking Through Simulation

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    Robots that operate among humans need to be able to attribute mental states in order to facilitate learning through imitation and collaboration. The success of the simulation theory approach for attributing mental states to another person relies on the ability to take the perspective of that person, typically by generating pretend states from that person’s point of view. In this paper, internal inverse and forward models are coupled to create simulation processes that may be used for mental state attribution: simulation of the visual process is used to attribute perceptions, and simulation of the motor control process is used to attribute potential actions. To demonstrate the approach, experiments are performed with a robot attributing perceptions and potential actions to a second robot

    Optimal Combinatorial Electricity Markets

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    The deregulation of the electricity industry in many countries has created a number of marketplaces in which producers and consumers can operate in order to more effectively manage and meet their energy needs. To this end, this paper develops a new model for electricity retail where end-use customers choose their supplier from competing electricity retailers. The model is based on simultaneous reverse combinatorial auctions, designed as a second-price sealed-bid multi-item auction with supply function bidding. This model prevents strategic bidding and allows the auctioneer to maximise its payoff. Furthermore, we develop optimal single-item and multi-item algorithms for winner determination in such auctions that are significantly less complex than those currently available in the literature

    Financial Innovations And Endogenous Growth

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    This paper explores the channels through which innovations in the financial sector lead to economic growth. The channels identified are capital accumulation and technological innovation. The first is fulfilled by financial intermediaries which transform household savings into productive investment by firms, the second by venture capitalists which fund risky technological projects with high potential payoffs. The rate of financial innovation is determined by the amount of labor (or human capital) devoted to the sector as well as by spillovers from existing fi- nancial products. By embedding such a sector into the Romer (1990) - Jones (1995) and Lucas (1988) - Uzawa (1965) frameworks, it is shown that ultimately, financial innovations can only lead to long-run growth through its venture capital role. The transformative role of the financial sector only leads to temporary growth effects on the transitional path to the steady state.ECONOMIC GROWTH ; TECHNOLOGICAL CHANGE ; FINANCIAL ANALYSIS

    Inter- and Intramolecular recombinations in the Cucumber Mosaic Virus genome related to adaptation to Alstroemeria

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    In four distinct alstroemeria-infecting cucumber mosaic virus (CMV) isolates, additional sequences of various lengths were present in the 3' nontranslated regions of their RNAs 2 and 3, apparently the result of intra- and intermolecular recombination events. Competition experiments revealed that these recombined RNA 2 and 3 segments increased the biological fitness of CMV in alstroemeri

    A Monte Carlo Investigation of Some Tests for Stochastic Dominance

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    This paper compares the performance of several tests for stochastic dominance up to order three using Monte Carlo methods. The tests considered are the Davidson and Duclos (2000) test, the Anderson test (1996) and the Kaur, Rao and Singh (1994) test. Only unpaired samples of independent observations are considered, as this is a restriction for both the Anderson and Kaur-Rao-Singh tests. We find that the Davidson-Duclos test appears to be the best. The Kaur-Rao-Singh test is overly conservative and does not compare favorably against the Davidson-Duclos and Anderson tests in terms of power.Burr distribution, Income distribution, Monte Carlo method, Portfolio investment, Stochastic dominance, Union-intersection test
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