Richard A. Lerner (1938-2021) was both a chemist and an MD. He investigated the structure of peptides proteins, identified sleep-inducing lipid, is best known for his pioneering work on catalytic antibodies. credited with making Scripps Research Institute in La Jolla into world-class center chemistry, biochemistry, biology.

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So long as both goods are produced and factor intensity reversals do not occur, each price vector (pX , pY ) corresponds to a unique factor price vector. This should be pretty obvious from both the Woodland-Mussa and the Lerner-Pearce diagram. With the same technology and given prices, there is a unique intersection between the zero profit lines in the Woodland-Mussa diagram. Similarly, for giv...

We examined the impact of specific emotions on the endowment effect, the tendency for selling prices to exceed buying or ‘‘choice’’ prices for the same object. As predicted by appraisal-tendency theory, disgust induced by a prior, irrelevant situation carried over to normatively unrelated economic decisions, reducing selling and choice prices and eliminating the endowment effect. Sadness also c...

Policymakers in less developed countries (LDCs) usually support competitive devaluations to improve the trade balance (TB). In this paper, we estimate the effects of appreciated and depreciated real exchange rates (RER) in the TB of Argentina and Brazil during the period, 1990–2010 using co-integration tests for non-stationary data and vector error correction models (VECM). The estimations conf...

We examined the impact of specific emotions on the endowment effect, the tendency for selling prices to exceed buying or “choice” prices for the same object. As predicted by appraisaltendency theory, disgust induced by a prior, irrelevant situation carried over to normatively unrelated economic decisions, reducing selling and choice prices and eliminating the endowment effect. Sadness also carr...

Mit der Entwicklung mobiler Technologien wird die Auswahl an digitalen Tools zum Erlernen einer Fremdsprache immer größer. Jedoch setzen meisten Angebote einen Schwerpunkt auf das Wortschatzlernen sowie Übung grammatischer Phänomene, sodass Fertigkeit Sprechen in den aktuellen Angeboten seltener gefördert wird. Um diese Lücke zu füllen, wurde App ChatClass entwickelt, im vorliegenden Beitrag em...

This study investigates an adjustment process in the bilateral trade balances of five countries within the Caribbean, with their largest trading partner, namely the United States. Unlike previous studies, this study controls for oil prices which play a vital role in the countries’ trade balances. A panel econometric technique was utilized using annual data over the period 19802012. Analysis of ...