We consider n firms which choose rent-seeking expenditures sequentially, each player anticipating the rent-seeking expenditures that will be made by later movers. We find that the earlier movers need not make larger profits than later movers, and that aggregate profits are lower than in a game in which firms make simultaneous moves.

This paper shows that a policy that uniformly increases contestants’ effort costs can lead to an increase in total effort. In asymmetric settings, this “levels the playing field” and therefore encourages weaker players (who otherwise would have stayed out) to enter. Paradoxically, a contest designer whose only objective is to maximize total effort may thus wish to make rent-seeking “more diffic...

BACKGROUND Clinical and epidemiological studies indicate that obstructive sleep apnea syndrome (OSAS) has a strong genetic basis. OBJECTIVES To investigate the apolipoprotein E (APOE) alleles as a genetic risk factor in OSAS. METHODS A total of 73 patients (37 male) were included. All underwent full-night polysomnography and were evaluated for APOE alleles. RESULTS The mean age was 51 ± 1...

In this paper we demonstrate that the menu-cost model implies asymmetric price adjustment to nominal demand shocks and that the asymmetry is linked to the elasticity of demand and menu costs. These are tested using manufacturing and retailing panel data for the OECD countries. The empirical results give strong support to the menu-cost model. JEL Classification: E3, L16 * Comments from Fhahad Kh...

Borme, J. and Lichter, I. (1974). Thorax, 29, 329-337. Pericardial rupture from blunt chest trauma. Pericardial rupture may occur in two distinct anatomical sites, namely the diaphragmatic pericardium and the pleuropericardium. They may be combined. The problems in each type are different. In ruptured diaphragmatic pericardium the rent may involve the pericardial cavity alone, or may extend int...

Silencing within the yeast rDNA repeats inhibits hyperrecombination, represses transcription from foreign promoters, and extends replicative life span. rDNA silencing is mediated by a Sir2-containing complex called RENT (regulator of nucleolar silencing and telophase exit). We show that the Net1 (also called Cfi1) and Sir2 subunits of RENT localize primarily to two distinct regions within rDNA:...

In the single rent-to-buy decision problem, without a priori knowledge of the amount of time a resource will be used we need to decide when to buy the resource, given that we can rent the resource for $1 per unit time or buy it once and for all for $c. In this paper we study algorithms that make a sequence of single rent-to-buy decisions, using the assumption that the resource use times are ind...

Daihatsu Motor Company, in conjunction with the Japan Electric Vehicle Association, also carried out a small-scale EV demonstration in Japan some 20 years ago. In recent years, Japanese corporations and researchers have conducted a succession of demonstrations of shared small EVs. Leading the way was Honda’s field trial of its Intelligent Community Vehicle System in 1998 at its Motegi recreatio...

Studies of real estate markets have long been hamstrung by the lack of reliable information on the flow price of housing. In contrast to the voluminous information on constant-quality real estate sale prices (from e.g. the Federal Housing Finance Administration) comparable indices for rents have not been available. The only widely available data comes from the Bureau of Labor Statistics (BLS), ...