The paper analyzes how capital gains due to a reduction in the market discount rate affect life-cycle consumption choice. analysis is done simple general equilibrium model with cohorts of workers and retirees all constant relative risk aversion preferences. Simulation results show fall rates make worse off exception those less than 7 years retirement. has policy implication for taxation gains.

Identification of recently gained spliceosomal introns would provide crucial evidence in the continuing debate concerning the age and evolutionary significance of introns. A previously published genomic analysis reported to have identified 122 introns that had been gained since the divergence of the nematodes Caenorhabidits elegans and Caenorhabditis briggsae approximately 100 MYA. However, usi...

Theoretical reference points have been proposed to differentiate probabilistic gains from probabilistic losses in humans, but such a phenomenon in non-human animals has yet to be thoroughly elucidated. Three experiments evaluated the effect of reward magnitude on probabilistic choice in rats, seeking to determine reference point use by examining the effect of previous outcome magnitude(s) on su...

In the classical model of exchange, gains from trade can be obtained if there exists a feasible allocation which each agent prefers to her endowment. There is no single accepted way of measuring these gains in terms of welfare, for interpersonal comparisons of welfare are needed. In this paper we propose a method of measuring gains from trade in terms of quantities of goods, avoiding welfare co...

In this paper we propose a methodology for normalizing the images gains in a mosaicked representation of a scene imaged by a pan-tilt camera. The normalization is based on assuming that one image has unit gain and then estimating, and filtering, the relative gains of all the other images, using the known geometry of the pan and tilt camera to find corresponding points (color values). Experiment...

The importance of the fish stock’s age-structure is increasingly recognized in economics and ecology. Still, current policies predominately rely on measures of the aggregate biomass. Here, a detailed bio-economic model is calibrated on the North-East Arctic cod fishery to assess the efficiency gains from controlling gear selectivity and explore them under a suite of different scenarios. While t...