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...

this study aimed at identifying required competencies for the labor market by the graduates majoring in the agricultural extension education field. the study population included undergraduates, faculty members, and employers, as related to bachelor level in three extension and education departments at bu ali sina, tehran, and shiraz universities of iran. the study has employed both quantitative...

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...

This paper presents the case for and the evidence in favour of passive investment strategies and examines the major criticisms of the technique. I conclude that the evidence strongly supports passive investment management in all markets—smallcapitalisation stocks as well as large-capitalisation equities, US markets as well as international markets, and bonds as well as stocks. Recent attacks on...

Recent studies have shown the important role of geography, politics and technology for the evolution of markets for natural gas. Gas market differs from other markets due to high share of transport and infrastructure costs. Since investment is location specific, it involves also geopolitical aspects as a consequence. Future market structure becomes path dependent on the investment decisions, pa...

this study was conducted at beresa watershed district of guraghe administrative zone, the southern regional state of ethiopia to evaluate the on-farm reproductive and egg production performances of local kei and its f1 crosses with fayoumi and rhode island red (rir) chicken breeds under farmers’ management. the local kei paternal line was mated with maternal lines of fayoumi and rir chickens to...

Antibiotic-resistant pathogenic bacteria contamination has been found in chicken meat products. Chicken is obtained from a local market South Jakarta, Indonesia. Identification of was done using conventional methods with selective media and biochemical tests. Furthermore were carried out vitek2 compact to confirmation identification pattern antibiotic resistance. The results 1 isolate Enterococ...

*Corresponding author: Dr. Marinko Vilić, DVM Department of Physiology and Radiobiology, Faculty of Veterinary Medicine, University of Zagreb, Heinzelova 55, HR-10000 Zagreb, Croatia Fax: +385 12390174 E-mail: [email protected] Background: The specific antibody response against Newcastle disease virus (NDV) in the blood serum of chickens hatched from eggs exposed to low dose gamma-radiation ...