منابع مشابه
Protection for Sale with Unemployment
To match the observed patterns of protection over business cycle, I add unemployment into two models of trade policy: Protection for Sale(1994) and Trade Wars and Trade Talks(1995) by Grossman and Helpman. The source of unemployment is nancial frictions: as in Aghion et.al. (2009) rms with pro ts less than a random threshold are liquidated. With small shocks protection goes up to save emp...
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Living Pesticide use is regulated wlthm a complex legal framework that mchrdes the Federal Insecticide, Fungicide, and Rodentlclde Act; the Federal Food, Drug, and Cosmetic ACC and other environmental laws. The framework includes nsk-benefit rules for some decisions that permit full consideration of comparative performance, cost, and risks of a pest]cide and Its alternatives before decls]ons to...
متن کاملThe Information Content of Share Repurchase Programs
Contrary to the implications of many payout theories, we find that announcements of open-market share repurchase programs are not followed by an increase in operating performance. However, we find that repurchasing firms experience a significant reduction in systematic risk and cost of capital relative to non-repurchasing firms. Further, consistent with the free cash-flow hypothesis, we find th...
متن کاملParallel WalkSAT with Clause Learning
We present an extension of WalkSAT, a stochastic local search algorithm for solving SAT problems. Our extension learns new clauses by resolving existing clauses based on the current state of a WalkSAT run. We show that clause learning leads to significant speedup in WalkSAT runs, both in terms of fewer steps and faster runtime. We argue that our WalkSAT implementation is easily parallelizable, ...
متن کاملWhy do firms repurchase stock?
1 In this paper, I investigate the relation between stock repurchases and distribution, investment, capital structure, corporate control, and compensation policies over the 1977 to 1996 period. I allow the significance of each motive to change over time to account for adjustments in the percentage of firms influenced by each motive. I find that, throughout the sample period, firms repurchase st...
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ژورنال
عنوان ژورنال: Revista de derecho (Valparaíso)
سال: 2010
ISSN: 0718-6851
DOI: 10.4067/s0718-68512010000200002