For high-density, high-performance FPGA designs, the ability to iterate rapidly during design and debugging stages is critical to meet time-to-market demands. Today’s FPGA designers are encountering problems traditionally associated with ASIC designs, especially long place-and-route compilation times and difficulties achieving timing closure. To address these issues, FPGA and EDA vendors are be...

Little is known about the prices firms pay for repurchases. We compile a U.S. dataset of actual repurchase prices paid, and we compare that price to the average market price. We find that firms repurchase at significant lower prices than the market average. Firms' ability to time the market varies cross-sectionally: less frequent repurchasers obtain significantly lower prices, as do firms repur...

Abstract: A standard timing protocol allows in a cash-in-advance model allows the government to elude the inflation tax. That matters. Altering the timing of tax collections to make the government hold cash overnight disables some classical propositions but enables others. The altered timing protocol loses a Ricardian proposition and also the proposition that open market operations, accompanied...

Designing of modern digital circuits require high performance with reduced cost and minimal time to market. In order to achieve greater performance, timing analysis is done to meet all the timing constraints. It also leads to increase the complexity of emerging Very Large Scale Integration (VLSI) design. Timing analysis eliminates the occurrence of non-functional path. In this work, path tracin...

Job Market Signaling and Employer Learning This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their employees over time. Contrary to the model without employer learning, we find that the Intuitive Criterion does not always select a unique separating equilibrium. When the Intuitive Criterion bites and information is purely asymmetric, the...

This study extends from Liu and Mei (1992) by further investigation of assets, real estate related securities, which includes both equity and mortgage real estate investment trusts (REITs), the stocks of builderand owner-companies, and mortgagebacked securities (MBSs). There are five major findings. First, expected excess returns of real estate related securities are more predictable than the e...

This paper exploits the differential timing of the introduction of a labor market program across areas as well as agerelated eligibility rules to identify the treatment effect of a targeted active labor market program. We are especially concerned about substitution and equilibrium wage effects. The program studied is the “New Deal for the Young Unemployed” in the UK and uses an administrative p...