This paper considers a simple stochastic model of international trade with three countries. Two of the tree countries are in an economic union. Comparisons are made between equilibrium welfare for these two countries under fixed and flexible exchange rate regimes. Within the model it is shown that flexible exchange rate regimes generate greater welfare. However, we then consider comparisons of ...

Article history: Received 13 June 2015 Accepted 5 August 2015 Available online 12 August 2015

We study the question whether the number of rounds in public-coin perfect zero-knowledge (PZK) proofs can be collapsed to a constant. Despite extensive research into the round complexity of interactive and zero-knowledge protocols, there is no indication how to address this question. Furthermore, the main tool to tackle this question is instance-dependent commitments, but currently such schemes...

Boston University (BU) has a long history of a strong social mission and commitment to service. In August 2003, BU made an institutional commitment to work with the country of Lesotho to tackle the human capital implications of the HIV/AIDS epidemic. Surrounded by South Africa, and with a population of two million, Lesotho, a stable democracy, suffers the world's third-highest adult HIV prevale...

organizational commitment has been defined as the extent that an individual accepts, internalizes, and views his or her role based on organizational values and goals. the three components –affective commitment, continuance commitment, and normative commitment– form the basis of a new conceptualization of organizational commitment. job stress has become one of the most serious health issues in t...

A quantum protocol for bit commitment the security of which is based on technological limitations on non demolition measurements and long-term quantum memory is presented.

Outpatient commitment (OPC), a major form of involuntary community-based treatment, has evolved in the United States on a state-by-state basis amidst a storm of controversy. The polarizing debate that has gone on intensely about OPC for the last two decades has all too often been devoid of data. This article reviews the various arguments pro and con about OPC, and then examines the research on ...

This paper studies the propensity of firms to commit to disclose information that is subsequently biased, in the presence of other firms also issuing potentially biased information. An important aspect of such an analysis is the fact that firms can choose whether to disclose or withhold information. We show that allowing the number of disclosed reports to be endogenous introduces a countervaili...

the purpose of this study is to examine the relationship between components of organizational commitment and job satisfaction among employee at en reality solution pvt. ltd. in lucknow, up, india. therefore this study could make important contribution to extant research in management and organizational behavior. the following research objectives were formulated for the study: (1) to investigate...

Classic unit commitment (UC) is an important and exciting task of distributing generated power among the committed units subject to several constraints over a scheduled time horizon to obtain the minimum generation cost. Large integration of distributed energy resources (DERs) in modern power system makes generation planning more complex. This paper presents the individual and collective impact...