CONDENSED statements of Association finances for the year 1952, prepared by the auditing firm of G. P. Graham & Company, are published herewith, in order that the entire membership may be fully informed regarding the financial operations, obligations, and resources of the AAAS. The first two statements summarize operating receipts and expenditures. Once again the annuity payments to the Cattell...

We expose a theorem of Pila and Wilkie on counting rational points in sets definable in o-minimal structures and some applications of this theorem to problems in diophantine geometry due to Masser, Peterzil, Pila, Starchenko, and Zannier.

William L. Wilkie is Nathe Professor of Marketing, University of Notre Dame (e-mail: [email protected]). How Did This Issue Come About? For much of my career, I have been intrigued with trying to comprehend what the field of marketing is actually about (and what it might be about, what it could be about, what it should be about, and so forth). In recent years, I have joined with my colleague Eliza...

In 1981, Paris and Wilkie [21] indicated it was an open question whether IΣ0 would satisfy the Second Incompleteness Theorem for Herbrand deduction. We will show that IΣ0 will both obey and defy the Herbrandized version of the Second Incompleteness Theorem, depending on which of several equivalent definitions of IΣ0 one examines.

This study investigates whether personal taxes are related to asset valuations. The effective tax rate of investment income fluctuated considerably since federal income taxes were introduced. The main result of the paper demonstrates that there is an economically and statistically significant relationship between asset valuations and personal tax rates. Stock valuations tend to be higher when t...

a r t i c l e i n f o a b s t r a c t JEL classification: C72 C78 D44 D82 Keywords: Bilateral trading k-Double auctions Incomplete contracts Investment incentives Optimal mechanism Opt-out clause We characterize the surplus-maximizing trading mechanism under two-sided incomplete information and interim individual rationality, when one party can make a value-enhancing specific investment. This m...

Grantmaking traditionally has been at the heart of philanthropy, whereas impact was exclusive expectation any desired result. While there is still a place for this kind pure push change, many investors today expect more, leveraging power markets to invest in way that both impactful and able maximize their financial rewards. This particularly true foundations with an eye toward supporting perpet...

Dividends are taxed at both the corporate and personal levels in the United States. This double taxation of dividends may distort investment efficiency. Partly motivated by this consideration, the US Congress enacted the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) in 2003. This act reduced the tax rates on dividends and capital gains, and eliminated the wedge between these two tax ra...

40] A.J. Wilkie. Model completeness results for expansions of the ordered eld of real numbers by restricted Pfaaan functions and the exponential function. for discussions and comments, anonymous referees for suggesting numerous improvements, and Mihalis Yannakakis for his suggestions that helped improve the presentation.