We argue that since allocation mechanisms will not always be in equilibrium, their out-ofequilibrium properties must be taken into account along with their properties in equilibrium. For economies with public goods, we define a simple market-like mechanism in which the strong Nash equilibria yield the Lindahl allocations and prices. The mechanism satisfies critical out-of-equilibrium desiderata...

Abstract Fast frame rates are desirable in scanning transmission electron microscopy for a number of reasons: controlling beam dose, capturing situ events, or reducing the appearance scan distortions. While several strategies exist increasing rates, many impact image quality require investment advanced hardware. Here, we present an interlaced imaging approach to achieve minimal loss with faster...

in the process of investment decision making, next to financial indicators many other aspects of investment projects are increasingly often considered. this leads to the multi-criteria evaluation of a project. the advantage of multi-criteria methods is the ability to take into account all (not only financial) aspects of the attractiveness of an investment project. the selection of criteria of p...

making capital and investment is the main driving forces of economic development. based on the investment sensitivity to the changes of some of macro-economic variables and risk and uncertainty, the present study evaluated the effective factors on investment in private sector in iran during 1980-2007. at first, the uncertainty variables of real informal exchange rate, nominal interest rate and ...

multifocal skeletal tuberculosis in not uncommon in the countries with tuberculosis. the clinical onest is insidious and sometimes nonspecific, resulting in delay or misdiagnosis. bone scan appearance is presented in some reports, as multiple abnormal accumulations of tracer. this report describes an unusual presentation of multifocal skeletal tuberculosis.

investment in oil and gas upstream activities is very important for the exploration and development of oil and gas fields. different and various laws and regulations deal with the investment in upstream operations. by reviewing these various laws and regulations, this research paper tries to discuss to what extent these laws and regulations have created legal confident for foreign investment up...

Wilkie (1999) proved a “theorem of the complement” which implies that in order to establish the o-minimality of an expansion of R with C∞ functions it suffices to obtain uniform (in the parameters) bounds on the number of connected components of quantifier free definable sets. He deduced that any expansion of R with a family of Pfaffian functions is o-minimal. We prove an effective version of W...

We develop a tractable two-country overlapping-generations model and show that cross-country differences in financial development can explain three recent empirical patterns of international capital flows: Financial capital flows from relatively poor to relatively rich countries, while foreign direct investment flows in the opposite direction; net capital flows go from poor to rich countries; d...

There has been criticism within the real estate professions that the lack of availability of good quality data has led actuarial professionals and academics to ignore real estate for modelling purposes. It has sometimes been asserted that this is one of the reasons for the decline in institutional investment in real estate, as asset allocation experts have ignored the asset class because of the...

editorial editorial l ong ago, in a political galaxy far away, i was educated at one of the world's elite universities. neither i, nor my middle-class parents, paid a penny in upfront fees for this privilege. in fact, the state—or more precisely my local municipality—paid me a substantial 'maintenance grant' every term which covered my room in college, living expenses, books and other study ess...