Abstract: This paper investigates whether various components of wealth affect real consumption asymmetrically through a threshold adjustment model. The empirical findings for the U.S. show that only stock market assets, financial assets including stock market assets, and household net assets exert a practical wealth effect on consumption expenditure. By contrast, financial assets excluding stoc...

In 2012, Texas and two municipalities therein adopted regulations governing the payday loan market. Austin Dallas enacted supply restrictions limiting loan-to-income ratio mandating amortization. The state an information disclosure inspired by Bertrand Morse (2011) presenting cost typical usage of loans in easy-to-understand terms. We find that municipal led to a 61% decline volume 44% Dallas, ...

the aim of this research is the investigation the relationship between the capital structure and institutional ownership mid to the other effective factors on this relation in tehran stock exchange. the others factors include the percentage of stock dividend, profitability, business risk, assets structure, liquidity, growth, and company size. the statistical population of the research is 117 li...

Tangible assets, many of which can be easily collateralized, support debt. Accordingly, the amount of tangible assets is well-established as a principal driver of leverage. As investing is shifting more and more from tangible to intangible assets, it becomes crucial to understand to what extent intangible assets support debt. Analyzing this question empirically has been largely unfeasible due t...

ONLINE BIN STRETCHING is a semi-online variant of bin packing in which the algorithm has to use the same number of bins as an optimal packing, but is allowed to slightly overpack the bins. The goal is to minimize the amount of overpacking, i.e., the maximum size packed into any bin. We give an algorithm for ONLINE BIN STRETCHING with a stretching factor of 1.5 for any number of bins. We build o...

The performance of sequential search can be enhanced by the use of heuristics that move elements closer to the front of the list as they are found. Previous analyses have characterized the performance of such heuristics probabilistically. In this article,, we use amortization to analyze the heuristics in a worst-case sense; the relative merit of the heuristics in this analysis is different in t...

The facility is located in Colorado Springs and consists of three BART-eligible dry-bottom, wallfired boilers (Units 5, 6, and 7). These boilers fire a variety of coal types, including coal from the southern Powder River Basin, ColoWyo coal (from northwestern Colorado), 20-Mile Foidel Creek coal (northwestern Colorado), and West Elk coal (western Colorado). Due to equipment limitations, these b...

This work addresses the problem of controlled heap usage by functional programs. Heap consumption becomes an issue in many applications; examples include programming for small devices and distributed computing. We consider a heap-aware type system for a functional language over polymorphic lists. The type annotations in the system determine bounds on heap consumption and gain as functions of th...