Are securities markets more liquid when the economy is more liquid? If so, why? One possibility is that market depth depends on credit constrained intermediaries. This paper offers another explanation, which does not involve frictions or market segmentation. Measuring market illiquidity by the slope of the representative agent’s demand curve for a risky asset, I show that this slope is steeper ...

In this paper we describe the SemEval2010 Cross-Lingual Lexical Substitution task, where given an English target word in context, participating systems had to find an alternative substitute word or phrase in Spanish. The task is based on the English Lexical Substitution task run at SemEval-2007. In this paper we provide background and motivation for the task, we describe the data annotation pro...

Zn0.97TM0.03O (TM = Co, Fe) thin films were deposited onto glass substrates by the sol–gel method and the effects of transition metals substitution on structural and optical properties of ZnO films were investigated. The X-ray diffraction patterns revealed that the films have wurtzite structure. Optical transmittance of the films was recorded in the range of 200 -800 nm wave length and the band...

This paper investigates the performances of artificial neural networks approximation, the Translog and the Fourier flexible functional forms for the cost function, when different production technologies are used. Using simulated data bases, the author provides a comparison in terms of capability to reproduce input demands and in terms of the corresponding input elasticities of substitution esti...