Distributed network testbeds like GENI aim to support a potentially large number of experiments simultaneously on a complex, widely distributed physical network by mapping each requested network onto a share or “slice” of physical hosts, switches and links. A significant challenge is network mapping: how to allocate virtual nodes, switches and links from the physical infrastructure so as to acc...

Accompanying the global redistribution of commodity production to low wage countries, comes the need for companies to enhance innovation in order to remain competitive. Therefore, in order to better understand the barriers to leveraging research universities for revitalizing legacy industrial regions, field interviews were conducted with researchers at a Midwestern public university and its ind...

1 See Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111–203, 124 Stat. 1376 (2010). The text of the Dodd-Frank Act may be accessed at http://www.cftc.gov/Law Regulation/OTCDERIVATIVES/index.htm. 2 Pursuant to Section 701 of the Dodd-Frank Act, Title VII may be cited as the ‘‘Wall Street Transparency and Accountability Act of 2010.’’ 3 7 U.S.C. 1 et seq. 4 Section 1a(20) ...

John Stewart’s paper examines arguments for a social explanation of the conceptual categories which Kant and others have posited as the pre-requisite for abstract cognition. Such an explanation would have the advantage of providing a satisfactory alternative to both empiricism, which cannot tell us how we get from the particular to the universal, and Kantian apriorism which does not really offe...

Friedman (1950) championed a shift from a fixed exchange rate regime (Bretton Woods) to a world of central bank issued floating currencies. Following Menger (1892) and Mises (1971), we see that the exchange-value of money lies in the original use-value of a commonly accepted medium of exchange. However, actors also incorporate their inter-temporal preferences in choosing a money. Not only their...

We use a model of international trade to show that (i) trade a¤ects exchange rate volatility and (ii) exchange rate volatility impacts trade in goods di¤erently according to their degree of di¤erentiation. In particular, commodity goods are less a¤ected by exchange rate volatility than more highly di¤erentiated products. These insights allow us to structurally address one of the main shortcomin...

This paper investigates the stability of monetary exchange equilibria and the conditions necessary for an equilibrium of this type to emerge endoge-nously. Previous research on money as a medium of exchange has depended on either initial conditions or steady state conditions to pinpoint equilibria. These approaches are not satisfactory for addressing the issue of emergence, either because the d...

We establish sufficient conditions to guarantee the uniqueness of competitive equilibrium by properly restricting distribution endowments and preference profiles in a two-commodity, two-agent exchange economy. If agents’ offer curves share common directional monotonicity property –i.e., at least one commodity is always normal for all agents–, then unique. not, we can provide testable geometric ...