We show that a competitive banking system is inconsistent with an optimum quantity of private money. Because bankers cannot commit to their promises and the composition of their assets is not publicly observable, a positive franchise value is required to induce the full convertibility of bank liabilities. Under perfect competition, a positive franchise value can be obtained only if the return o...

Taking issue with Chow's (2002a) critique of Wilkinson and Task Force's (1999) report on statistical inference, Green (2002) raised several instructive issues, namely, (i) appealing to authority, (ii) theories for which there is no criterion of falsification, (iii) the distinction between experiment and meta-experiment, and (iv) the probability foundation of the null-hypothesis significance-tes...

For f u r t h e r c l a r i f i c a t i o n o r d i scuss ion o f t h i s i s s u e , c o n t a c t : Luz A. F roeh l i ch , M.D. Chairperson, Advisory Committee on Women's Heal th Nat iona l I n s t i t u t e s of Health Telephoner ( 3 0 1 ) 496-7688

X-ray powder diffraction assumes many roles in the analysis of pharmaceuticals. Pharmaceuticals, typically organic solids, exist in numerous solid forms that feature different physical and chemical properties. The vast majority of pharmaceuticals are administered as oral tablet dosage forms. In order for a drug molecule to be absorbed by the body, it must first dissolve. One of the most effecti...

This paper is about the role of Planck’s constant, h̄, in the geometric quantization of Poisson manifolds using symplectic groupoids. In order to construct a strict deformation quantization of a given Poisson manifold, one can use all possible rescalings of the Poisson structure, which can be combined into a single “Heisenberg-Poisson” manifold. The new coordinate on this manifold is identified ...

In this paper we present criteria for an n-quasigroup to be isotopic to an n-group. We call a such n-quasigroup G−n-quasigroup. Applications to functional equations on quasigroups are presented in a subsequent paper. 2000 Mathematics Subject Classification: 20N15. Some important n-quasigroup classes are the following. An n-quasigroup (A,α) of the form α(x1 ) = n ∑ i=1 fi(xi)+a, where (A,+) is a...

We contrast evidence of urban path dependence with efforts to analyze calibrated models of city sizes. Recent evidence of persistent city sizes following the obsolescence of historical advantages suggests that path dependence cannot be understood as the medium-run effect of legacy capital but instead as the long-run effect of equilibrium selection. In contrast, a different, recent literature us...