Durables such as cars or houses are a substantial component in the balance sheets of households. These durables are exposed to risk and can be insured in the market. We build a dynamic model in which the agent decides jointly about the size of the durable stock, the stock of a risk-free asset and insurance. This allows us to understand the importance of three di¤erent ways to cope with the risk...

– The large popularity of web services and applications makes their performance very critical. Reducing the latency of retrieve web pages has become a real challenge. Caching is widely used for this purpose. Web caching is a well-known strategy for improving performance of Web-based system by keeping web objects that are likely to be used in the near future close to the client. Most of the curr...

This paper investigates the efficiency of innovation investment in durable goods monopoly under a threat of entry. It is well known that the durability causes time inconsistency to the durable goods monopolist, which in turn provides a competitive pressure. When entry threat exists, the durability of the product endows the monopolist with the power to deter entry since the current sales alter t...

How big are government spending multipliers? A recent litererature has argued that while government spending multipliers may be small on average, they might be much larger during recessions when there is greater economic slack. However, this simple intuition ignores the significant heterogeneity of spending captured in aggregate GDP. Even if aggregate GDP responds more to fiscal shocks during r...

Attaining durable peace after a civil war has become a major challenge, as many negotiated settlements relapse into violence. How can civil war negotiations be conducted and peace agreements formulated so as to contribute to lasting, durable peace? Previous research has focused on the durability of peace agreements, measured as the absence of violence. This study develops an index to measure du...

OBJECTIVE To compare the efficacy and safety of biodegradable polymer drug eluting stents with those of bare metal stents and durable polymer drug eluting stents. DESIGN Mixed treatment comparison meta-analysis of 258,544 patient years of follow-up from randomized trials. DATA SOURCES AND STUDY SELECTION PubMed, Embase, and Central were searched for randomized trials comparing any of the Fo...

This article assesses Charles Tilly's Durable Inequality and traces its influence. In writing Durable Inequality, Tilly sought to shift the research agenda of stratification scholars. But the book's initial impact was disappointing. In recent years, however, its influence has grown, suggesting a more enduring legacy.

This paper uses a model of durable good purchase and usage to estimate the longrun effect of energy rates on residential energy demand. Whereas previous attempts to estimate energy demand have predominantly taken durable good portfolios as given, this model endogenizes durable good holdings with a model in which households consider the tradeoff between purchase cost and operating cost in decidi...