Price Bubbles in Laboratory Asset Markets with Constant Fundamental Values

We construct asset markets that are similar to those studied by Smith, Suchanek and Williams (Econometrica. 56, 1119–1151) in which bubbles and crashes tended to occur. The main difference between the markets studied here and those studied by Smith et al. is that in the markets studied here, the fundamental value of the asset is constant over the entire life of the asset. In four of the eight sessions reported here, we observe bubbles, which are prices considerably higher than fundamental values. The data suggest that the frequent payment of dividends is a major cause of bubble formation. The property that the fundamental value remains constant over the course of the trading horizon is not sufficient to eliminate the possibility of a bubble. Copyright Kluwer Academic Publishers 2001asset market, bubble, experiment, speculation,

Minimum Energy Point in Constant Frequency Designs under Adaptive Supply Voltage and Body Bias Adjustment in 55 nm DDC

In this paper, we describe a systematic low-power design methodology for technologies that offer a strong body factor. Specifically, we explore both the body bias voltage and the supply voltage knobs in order to find the MEP (minimum energy point) for a constant target frequency. Our methodology accounts for process and temperature (PT) variations while charting the design space for a simple reference design. We then show how to scale the energy data of this reference design to any arbitrary design. A case study of a 32 bit RISC microprocessor achieves an energy estimation match of our significantly less complex estimation methodology within 1% of traditional signoff results

La qualite du saumon norvegien : vers une prise en compte des interets francais ?

SIGLEAvailable from INIST (FR), Document Supply Service, under shelf-number : 22543, issue : a.1997 n.54 / INIST-CNRS - Institut de l'Information Scientifique et TechniqueFRFranc

Jeu de l'investissement et coordination par les intentions : des resultats experimentaux

Available from INIST (FR), Document Supply Service, under shelf-number : RP 15920 / INIST-CNRS - Institut de l'Information Scientifique et TechniqueSIGLEFRFranc