We analyze the impact of tax progression on optimal investment policy and its value by first demonstrating that optimal investment policy maximizes the value of the firm and the rate at which it is growing as a function of operating capital stock. Then we show that three possible optimal regimes arise depending on the nature of tax policy. If the exogenously given progression threshold lies bet...

We explore the implications of endogenous credit market imperfections for the relationship between property crime and the process of economic development. In the initial stages of development, property crime rises as the opportunities to gain from illegal activities expand. In later stages, however, crime falls as capital market imperfections are overcome and legal activities become more pro ta...

This chapter considers a recent trend in the application of stochastic games to economics characterized by the use of the latticetheoretic approach to capture the monotonic properties of Markovian equilibria. The topics covered are: (i) a general framework for discounted stochastic games with Lipschitz-continuous and monotone equilibrium strategies and values, (ii) a model of capital accumulati...

 The accumulation of heavy metals Pb and Cd in the mangrove, Avicennia marina, was studied on the southern coast of Iran, particularly on and near Qeshm Island in the Persian Gulf. The samples were collected from 7 stations which they were analyzed by flame Atomic absorption spectrophotometer after chemical digestion. Maximum Pb and Cd in leaves are (34.50, 3.52 ppm) and minimum of them are in ...

application   of plants to remove heavy metals from soil (phytoremediation) is   expanding due to its cost-effectiveness as compared to conventional methods   and it has shown a great potential. since contaminants such as pb have a   limited bioavailability in the soil, methods to facilitate their   translocation to the shoots and roots of plants are required for efficient   phytoremediation. t...

the high yield depends on high dry matter production per unit area. azotobacter bio-fertilizer experiment to investigate the effect on the index, total dry matter accumulation and pishtaz and chamran wheat cultivars in 2005 was conducted in the faculty of agriculture, lorestan university. experiment, a split-plot randomized complete blocks design with four replicates were tested. treatments con...

 Outward-oriented economies seem to grow faster than inward-looking ones. Does the literature on convergence have anything to say on this? In the dynamic Heckscher-Ohlin-Samuelson model, with factor-price equalization, there is no convergence of incomes. This is because with identical preferences and return to capital, irrespective of initial levels the growth rates of consumption are the same....

background this study demonstrates the removal efficiency of phenol from aqueous solutions by electrocoagulation process using aluminum electrodes and also investigates solution chemistry and polymeric natural organic matters on removal efficiency objectives: the main aim of this work was to focus on the removal of phenol by electrocoagulation process using aluminum electrodes. materials and me...

The accumulation of many transformed versions of the same original videos on Web2.0 sites has a negative impact on the quality of the results presented to the users and on the management of content by the provider. An automatic identification of such content links between video sequences can address these difficulties. We put forward a fast solution to this video mining problem, relying on a co...