A perpetual youth overlapping generations model is presented in which the presence of financial frictions can create the crowd-in effect of asset bubbles that promotes capital accumulation. The existence of asset bubbles increases the equilibrium interest rate. Although the increased interest rate excludes less productive agents from production activity, these agents benefit from the liquidity ...

The relation between a firm’s stock return and its intangible investment ratio and asset tangibility is derived under the intangible-asset-augemnted (IAA) q-theory framework. Using firm level data and the Generalized Method of Moments (GMM), we estimate the model and three main results emerge. First, the IAA q-theory captures the value premium and the relation between R&D intensity and stock re...

The IEEE network technology is the emerging standard for wireless LANs and mobile networking The fundamental access mechanism in the IEEE MAC protocol is the Distributed Coordination Function In this paper we present an analytical method of estimating the saturation throughput of wireless LAN in the assumption of ideal channel conditions The proposed method generalizes the existing LAN models a...

The recovery of property and damage generally caused by criminal offences plays an important role in the judicial economy because imposing effective timely measures can achieve beneficial consequences both terms disrupting activity, reducing capacity to carry out new activities, but also strengthening society's confidence, as a rule, on fact that crime cannot escape control is effectively eradi...