Previous work by has shown that lumpy investment models well characterize individual expenditures on durables, in particular automobiles. In that class of models, a higher level of uncertainty generally implies that the household should tolerate a larger imbalance between the actual stock of the durable and the target stock before closing it by buying and/or selling. Then, if the level of uncer...

Cardiorespiratory and sensory responses to exercise in adults with mild cystic fibrosis 1 2 Bradley S. Quon, Sabrina S. Wilkie, Yannick Molgat-Seon, Michele R. Schaeffer, 3 Andrew H. Ramsook, Pearce G. Wilcox, Jordan A. Guenette 4 5 1 Division of Respiratory Medicine, Department of Medicine, University of British Columbia, 6 Vancouver, BC, Canada 7 2 Centre for Heart Lung Innovation, Providence...

This paper examines the migration response to a millionaire tax in New Jersey, which raised its income tax rate on top earners by 2.6 percentage points to 8.97 percent, one of the highest tax rates in the country. Drawing on unique state tax micro-data, we estimate the migration response of millionaires to the rate increase, using a difference-in-differences estimation strategy. The results ind...

Conley and Wilkie (1993) introduced and axiomatized the Nash extension bargaining solution, defined on a domain of comprehensive but not necessarily convex problems. In this paper we present a non-cooperative game that implements the Nash extension solution in subgame perfect equilibria in the limit as the discount rate applied between rounds of play vanishes. Journal of Economic Literature Cla...

This paper investigates the interactions between preemptive competition and leverage. We find that the second mover always leaves the duopoly market before the first mover, although the leader may exit before the follower’s entry. We also see the leverage effects of debt financing increasing firm values and accelerating investment, even in the presence of preemptive competition. In addition to ...

The previous literature provides a highly ambiguous picture on the impact of trade and investment agreements on FDI. Most empirical studies ignore the actual content of BITs and RTAs, treating them as "black boxes", despite the diversity of investment provisions constituting the essence of these agreements. We overcome this serious limitation by analyzing the impact of modalities on the admissi...

Amaç: Bu çalışmada maksillofasiyal cerrahide implant bölgesinde kemik rejenerasyonunu artırmak için hazırlanan bifosfonat yüklü mikrosfer ilaç taşıyıcı sistemin in situ jel formülasyonu ile lokal olarak uygulanması amaçlanmıştır. Gereç ve Yöntem: Kombinasyon sistemini tasarlamak PLGA mikroküreleri, jell formülasyonlarına yüklenmiştir. Geliştirilen formülasyonlar vitro salım, pH, berraklık, sol-...

A workable approach for modernization of existing software into parallel/distributed applications is through coarse-grain restructuring. If, for instance, entire subroutines of legacy code can be plugged into the new structure, the investment required for the re-discovery of the details of what they do can be spared. The resulting renovated software can then take advantage of the improved perfo...

Raziel combines secure multi-party computation and proof-carrying code to provide privacy, correctness and verifiability guarantees for smart contracts on blockchains. Effectively solving DAO and Gyges attacks, this paper describes an implementation and presents examples to demonstrate its practical viability (e.g., private and verifiable crowdfundings and investment funds, double auctions for ...