In the classic Crawford-Sobel (CS) model of strategic communication between an informed Sender and uninformed Receiver, perfect information transmission is never achieved as an equilibrium outcome. I present a modified version of the CS cheap talk game with the following two innovations: (i) both players take actions, and (ii) actions are strategic substitutes. In contrast to the CS setup, the ...

the aim of this research was to measure the relative efficiency of forest management plans in north of iran. in order to fulfill the research, data of 12 forest management plans were collected from the financial balance sheets of shafaroud forest company during a ten years period. first of all, basic data envelopment analysis (dea) models (bcc and ccr) were used to determine the efficiency. the...

In the year that capital-poor countries open their stock markets to foreign investors, the growth rate of their typical firm’s capital stock exceeds its pre-liberalization mean by 4.1 percentage points. In each of the next three years the average growth rate of the capital stock for the 369 firms in the sample exceeds its pre-liberalization mean by 6.1 percentage points. However, there is no ev...

Allocative inefficiencies in online auction markets can result in the loss of revenues for sellers. It can also cause frustration for buyers who fail to win an item despite placing bids higher than other winners. The main contention of this work is that allocative inefficiencies present arbitrage opportunities, though not strictly in the traditional financial market sense, where risk-free profi...

The arginine kinase reaction, the reversible transfer of the terminal phosphoryl group of ATP to L-arginine, has been investigated by the technique of 31P NMR at catalytic and stoichiometric concentrations of the enzyme. Three of the four substrates, ATP, ADP, and P-arginine produce easily distinguishable resonances in the 31P NMR spectrum, thus permitting a determination of equilibrium constan...

BACKGROUND Like other countries, Brazil is struggling with issues related to public policies designed to influence the distribution, establishment, supply and education of doctors. While the number of undergraduate medical schools and places available on medical schools has risen, the increase in the number of doctors in Brazil in recent decades has not benefitted the population homogeneously. ...

Tung oil and linseed oil are two representative traditional drying oils wich were commonly employed, for centuries, for wood finishing. Therefore, their study in terms of properties, chemical structure features and alterations by ageing is important for furniture conservation. This paper focusses on some comparative properties of Tung oil and linseed oil as wood finishing materials. For this pu...

in this paper, the performance evaluation of a two-way hybrid photovoltaic/thermal (pv/t) solar collector was analytically and experimentally carried out. mathematical expressions for operating parameters in glass to glass and glass to tedlar pv/t solar collectors were developed and experimentally validated by a glass to tedlar pv/t solar collector system. also the influence of air flow rate on...

The technical and allocative efficiency of broadacre farmers in a southern region of Western Australia is investigated over a three-year period. Applying data envelopment analysis (DEA) and stochastic frontier analysis (SFA) reveals there is some inefficiency in each year, which decreases over time. The distributions of technical efficiency in each year are positively skewed toward higher effic...