I characterise the dynamics of capacity accumulation and investment in advertising in a spatial monopoly model, contrasting the socially optimal behaviour of a benevolent planner against the behaviour of a pro...t-maximising monopolist. I show that, in steady state, the monopolist always distorts both kinds of investment as compared to the social optimum, except in a situation where the Ramsey ...

The aim of this paper is to examine the concentration of wealth among the group of top wealth holders, defined as those with wealth in excess of a high cut off. The paper begins by considering the definition of this cut off, analogous to the definition of a poverty line at the other end of the distribution. It then considers what can be learned about the proportion classified as ‘rich’ and abou...

We begin the development of a theory of Banach spaces in the definable setting of o-minimal structures. We outline several results which develop the theory of compact embeddings for explicitly given function spaces. One aim is to explain the substantive underpinnings of an important observation used in the proof of the Reparameterization Theorem of Pila and Wilkie in [2]. We place this observat...

In this paper technology policy of India which has evolved over the years have been introduced as following: Firstly, it is selective and seeks to protect local technology. Secondly, it seeks to reduce to direct costs and individual costs of technology imports by regulating the royalty rates, other payments, the duration and restrictive clauses. Thirdly, it discourages technology imports throug...

● More than 1 in 5 architects was self-employed—about three times the proportion for all professional and related occupations. ● Licensing requirements include a professional degree in architecture, a period of practical training, and passing all divisions of the Architect Registration Examination. ● Architecture graduates may face competition, especially for jobs in the most prestigious firms;...

In many point-line geometries, to cover all points except one, more lines are needed than to cover all points. Bounds can be given by looking at the dimension of the space of functions induced by polynomials of bounded degree.

The anomalies literature in capital markets research in finance and accounting is based (almost) exclusively on average realized returns. In contrast, we construct accountingbased expected returns for dollar-neutral long-short trading strategies formed on a wide array of anomaly variables, including book to market, size, composite issuance, net stock issues, abnormal investment, asset growth, i...