We study the implications of microeconomic heterogeneity for aggregate technology, showing that the aggregate elasticity of substitution between capital and labor can be expressed as a simple function of plant level structural parameters and sufficient statistics for plant heterogeneity. This allows for a new approach to estimating the aggregate elasticity using microeconomic data and allows us...

Interactions between implanted materials and the surrounding host cells critically affect the fate of bioengineered materials. In this study, the biomechanical response of bovine aortic endothelial cells (BAECs) with different membrane cholesterol levels to polyacrylamide (PA) gels was investigated by measuring cell adhesion and spreading behaviors at varying PA elasticity. The elasticity of ge...

The disclosure of the web applications has significantly improved the variability of its workload patterns and volumes as the number of users/customers frequently increases and shrinks at different rates and times. The web application features have gradually required the need for flexible however inexpensive computing infrastructure to accommodate variable workload. The on-demand and per-user c...

Understanding the performance of data-parallel workloads when resource-constrained has significant practical importance but unfortunately has received only limited attention. This paper identifies, quantifies and demonstrates memory elasticity, an intrinsic property of dataparallel tasks. Memory elasticity allows tasks to run with significantly less memory that they would ideally want while onl...

An important determinant of option prices is the elasticity of the pricing kernel used to price all claims in the economy. In this paper, we rst show that for a given forward price of the underlying asset, option prices are higher when the elasticity of the pricing kernel is declining than when it is constant. We then investigate the implications of the elasticity of the pricing kernel for the ...

Static optimization of networks by pricing has attracted significant attention over the last decade. These studies assumed concave utility functions for users and derived optimal pricing strategies for the network provider. In this paper, we consider effect of user’s elasticity to price and bandwidth on optimality of pricing. We first derive optimal pricing strategy for the case of logarithmic ...

This article estimates the elasticity of participation in the workforce of married women with respect to the rate of income tax. We take advantage of the French joint income tax system and a large tax returns data base to implement a regression discontinuity design. The negative impact of tax rates on participation is generally strong. This elasticity describes a U-curve along the distribution ...

A large number of cloud providers offer diverse types of cloud services for constructing complex ”cloud-native” software. However, there is a lack of supporting tools and mechanisms for accelerating the development of cloud-native software-defined elastic systems (SESs) based on elasticity capabilities of cloud services. In this paper we introduce QUELLE – a framework for evaluating and recomme...

The management of future financial risk on the part of managers and changes in firm finances are two of the fundamental reasons for upward and downward rigidity of wages. The proxy variable for firm financial risk is volatility, the past performance of which is among the principal indicators of wage rigidity. In firms whose current performance is on the upswing, the greater the volatility in pa...

An important determinant of option prices is the elasticity of the pricing kernel used to price all claims in the economy. In this paper, we first show that for a given forward price of the underlying asset, option prices are higher when the elasticity of the pricing kernel is declining than when it is constant. We then investigate the implications of the elasticity of the pricing kernel for th...