Ethnic differentials in the timing of family formation in Fiji cannot be adequately explained by the norms, characteristics, minority group, and interaction hypotheses. The missing dimensions are socioeconomic level within ethnicity and time, including the marriage market effects of fertility transition. A complex interaction of factors involves underlying norms and the opposing effects of mode...

Abstract: A standard timing protocol allows in a cash-in-advance model allows the government to elude the inflation tax. That matters. Altering the timing of tax collections to make the government hold cash overnight disables some classical propositions but enables others. The altered timing protocol loses a Ricardian proposition and also the proposition that open market operations, accompanied...

Designing of modern digital circuits require high performance with reduced cost and minimal time to market. In order to achieve greater performance, timing analysis is done to meet all the timing constraints. It also leads to increase the complexity of emerging Very Large Scale Integration (VLSI) design. Timing analysis eliminates the occurrence of non-functional path. In this work, path tracin...

Job Market Signaling and Employer Learning This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their employees over time. Contrary to the model without employer learning, we find that the Intuitive Criterion does not always select a unique separating equilibrium. When the Intuitive Criterion bites and information is purely asymmetric, the...

This study extends from Liu and Mei (1992) by further investigation of assets, real estate related securities, which includes both equity and mortgage real estate investment trusts (REITs), the stocks of builderand owner-companies, and mortgagebacked securities (MBSs). There are five major findings. First, expected excess returns of real estate related securities are more predictable than the e...

In a model with endogenous number of innovating firms, we show that whether patent protection increases R&D investment is ambiguous, and depends on the market demand function and the cost of R&D. If the market size increases with number of firms, patent protection reduces R&D investment if the cost of R&D is sufficiently high, and higher product differentiation increases the possibility of lowe...