Labor hoarding is a widely believed empirical behavior of …rms and a prominent explanation for procyclical labor productivity. Conventional wisdom attributes labor hoarding to labor adjustment costs. This paper argues that the conventional wisdom is inadequate for understanding labor hoarding because it ignores the role of inventories. Since idle labor can be used to produce inventories, why do...

The proliferation of both online and bricks and mortar outlet stores underscores the observation that secondary markets are readily accessible to retailers of short−life−cycle products. These secondary markets provide recourse channels for retailers to sell excess inventory of out of favor items at reduced prices when overstocking occurs in a primary market. We study the problem of determining ...

"In the long course of cell life on this earth it remained, for our age, for our generation, to receive the full ownership of our inheritance. We have entered the cell, the Mansion of our birth and started the inventory of our acquired wealth." (Albert Claude, Nobel lecture, 1974).

In science, multiple measures of the same constructs can be useful, but they are unlikely to all be equally valid indicators. In psychological assessment, the many popular personality inventories available in the marketplace also may be useful, but their comparative validity has long remained unassessed. This is the first comprehensive comparison of 11 such multiscale instruments against each o...

Tree inventories are expensive to conduct and update, so every inventory carried out must be maximized. However, increasing the number of constituent parameters increases the cost of performing and updating the inventory, illustrating the need for careful parameter selection. This article reports the results of a systematic expert rating of tree inventories aiming to quantify the relative impor...

Although emission inventories are the foundation of air quality management and have supported substantial improvements in North American air quality, they have a number of shortcomings that can potentially lead to ineffective air quality management strategies. Major reductions in the largest emissions sources have made accurate inventories of previously minor sources much more important to the ...

Consonant inventories are commonly drawn to assess the phonological acquisition of toddlers. However, the spontaneous speech data that are analysed often vary substantially in size and composition. Consequently comparisons between children and across studies are fundamentally hampered. The current study aims to examine the effect of sample size on the resulting consonant inventories. A spontane...

Acronyms are increasingly prevalent in biomedical text, and the task of acronym disambiguation is fundamentally important for biomedical natural language processing systems. Several groups have generated sense inventories of acronym long form expansions from the biomedical literature. Long form sense inventories, however, may contain conceptually redundant expansions that negatively affect thei...

This paper examines a change in business practices in the pharmaceutical manufacturer-to-distributor supply chain, a change that essentially forced pharmaceutical distributors to maintain lower inventories. This change also provided pharmaceutical manufacturers with information about distributor customer demand and inventories that had previously been withheld from them. Supply chain theory and...