that a small dose of foreign albumin will cause the animal to suffer from fever, whose type will vary with the dosage, the intervals between the injections and the mode of giving these. But an animal may be rendered much more sensitive to the foreign albumin by giving it a very small dose and then delaying the reinjection for a period which varies according to the effect which it is desired to ...

This paper studies the formation of stock prices for British, German and French stocks, simultaneously traded in London and Frankfurt or Paris. We analyze theoretically the case where investors and traders based in the same country as the ̄rm have better information on its value than foreign traders. Our model implies that prices set on the domestic market should be informationally more e±cient...

This paper examines the relation between the choice of the destination market for cross-listing and the home bias of investors. We use two measures of home bias, the domestic bias (the degree of overinvestment in the home market), and the foreign bias (the degree of over-/underinvestment in a foreign market). First, we find a strong relation between the domestic bias of investors and cross-list...

This article provides food for thoughts elaborated by peer researchers who, basing on their studies and on current literature on relationships between Universal Design (UD) and Information and Communication Technologies (ICT), wish to share few key issues related to the challenges offered by the involvement of final users in designing product and services. Referring to approaches from different...

The U.S. tax law taxes a multinational firm (MNF)’s global incomes at its home country tax rate. To avoid double taxation, it permits tax cross-crediting. Namely, the global firm can use excess foreign tax credits (FTCs) (the portion of foreign tax payments that exceed the home country tax liabilities) generated from a subsidiary located in a high-tax country to offset the tax liabilities of it...

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This brief article demonstrates that there are common psychological principles that can be effectively and directly applied to illustrate the utility of terrorist activities. One key contention is that terrorism should be considered the pinnacle of strategic behaviors within any protracted campaign emphasizing psychological warfare. A variety of mechanisms and concepts are utilized to make this...

The Precautionary Framework is an overarching concept encompassing procedures to consider in managing risks that are either known (i.e. relatively established and certain) or uncertain. It is intended that the precautionary framework provides knowledge at all key stages and thus ensure a more comprehensive understanding of overall or aggregate risk. The Precautionary Framework also provides way...

We investigate the effect of different channels through which input trade liberalization affects firms’ export decisions. We develop a trade model with heterogeneous firms and sectors of varying imported input intensity that reproduces different mechanisms through which the access to foreign inputs affects

This paper develops a two-country OLG model under the assumption that investors are on a Bayesian learning path. While investors from both countries receive identical information ßows, domestic investors start off with less precise prior beliefs concerning foreign fundamentals. On a learning path, differences in beliefs and estimation risk generate portfolio biases similar to those observed emp...