Slow-moving Alzheimer's

Slow Moving Capital

Unlike textbook arbitrageurs who instantaneously trade when prices deviate from fundamental values, real world arbitrageurs must overcome various frictions. For example, they often invest other people’s money, resulting in a principal/agent problem that is exacerbated in market downturns. Rather than increasing investment levels when prices dip below fundamental values, arbitrageurs may, in the...

Adverse Selection, Slow Moving Capital and Misallocation∗

Adverse selection is commonly used to explain trade inefficiencies in many markets. In this paper, we embed an informational asymmetry into a decentralized economy with heterogeneous capital and study its implications for aggregate dynamics in a general equilibrium environment. We show that the information friction leads to slow moving capital and persistent misallocation of resources. The mode...

Does Fungal Infection Cause Alzheimers?

Return to the "slow city" – Building of slow-moving system based on the situation of China

Ever since the arrival of post-industrial era, cars have been widely used and popularized in an unexpected degree. After experiencing excessive traffic jams, some cities in foreign countries are gradually attaching importance to slow-moving traffics. But only a few theoretical researches on slow-moving system were performed in China, yet they are lacking of a systematic theoretical support. Cur...

Forecasting the Intermittent Demand for Slow-Moving Items

Organizations with large-scale inventory systems typically have a large proportion of items for which demand is intermittent and low volume. We examine different approaches to forecasting for such products, paying particular attention to the need for inventory planning over a multi-period lead-time when the underlying process may be nonstationary. This emphasis leads to consideration of predict...