Slow-moving journals hinder conservation efforts

Slow Moving Capital

Unlike textbook arbitrageurs who instantaneously trade when prices deviate from fundamental values, real world arbitrageurs must overcome various frictions. For example, they often invest other people’s money, resulting in a principal/agent problem that is exacerbated in market downturns. Rather than increasing investment levels when prices dip below fundamental values, arbitrageurs may, in the...

Marine Conservation: Moving Beyond Malthus

A new study has shown that maximum overfishing of coral reefs occurs among countries at intermediate levels of socio-economic development; can managers and policy makers help countries dependent on these ecosystems avoid the resulting poverty traps?

Adverse Selection, Slow Moving Capital and Misallocation∗

Adverse selection is commonly used to explain trade inefficiencies in many markets. In this paper, we embed an informational asymmetry into a decentralized economy with heterogeneous capital and study its implications for aggregate dynamics in a general equilibrium environment. We show that the information friction leads to slow moving capital and persistent misallocation of resources. The mode...

The physician's role in efforts to slow global warming.

Dr. Parker’s article in this issue of American Family Physician offers a concise presentation of the science of climate change.1 Global warming will directly affect the health of our patients, communities, and planet; therefore, physicians and other health care professionals have a critical role in addressing the issue. In 2007, greenhouse gas emissions attributable to the production of health ...

How the Tree of Life informs biodiversity conservation efforts