We study how trade linkages affect the conduct of monetary policy in a two-country model with heterogeneous firms, endogenous producer entry, and labor market frictions. show that ability to replicate key empirical regularities following integration—synchronization business cycles across trading partners reallocation shares toward more productive firms—is central understanding costs trade-offs....

This paper uses an adapted version of the linear tracing procedure, suggested by Harsanyi and Selten (1988), in order to discriminate between two types of multiple Nash equilibria. Equilibria of the same type are pay-off equivalent in the analysed multiple-unit unit price auction where two sellers compete in order to serve a fixed demand. The equilibria where the firm with the larger capacity b...

M often employ market response models as decision aids and historical information of competitors’ market outcomes to aid their competitive decisions in oligopolistic settings. However, little is known about how access to a decision aid or the availability of competitors’ market outcomes impact a firm’s competitive decisions (e.g., prices) or market outcomes resulting from those decisions (e.g.,...

The way that companies choose to define market segments influences which products they develop, drives the features incorporated in those products, and shapes how they take them to market. Segmentation schemes define who is framed as competitors; and how large specific market opportunities are believed to be. Most marketers segment their markets along lines defined by the characteristics of the...

We study procurement auctions in which, as is common in practice, a group of sellers (incumbents, qualified bidders) is given an advantage, based, for example, on better reliability, quality, or incumbency status. We show conditions under which for any given first price handicap auction, there is a simple second-price design which dominates it. This generalizes a previous result for the case of...

This paper presents the first deterministic selfstabilizing network orientation algorithms. We present three protocols for arbitrary and asynchronous networks. All the protocols set up a chordal sense of direction in the network. The protocols are self-stabilizing, meaning that starting from an arbitrary state, the protocols are guaranteed to reach a state, in which all edge labels (assigned to...

We study the supergravity hybrid inflation model of Ref. [1] in the presence of a modulus field. The η-problem is solved by a shift symmetry for the inflaton, which protects the inflaton mass even in the presence of the modulus field. Inflation is (nearly) unaffected by moduli stabilization, provided the scale of supersymmetry breaking in the post-inflation vacuum is small. Therefore the model ...

We estimate the impacts of various types of government payments to U.S. agriculture on different components of farm household consumption. Using 2003 to 2005 data from the Agricultural Resource Management Survey (ARMS), we show that marginal rates of consumption differ by consumption category and income source, including different types of farm program payments. The results suggest that farm ho...

when the orbital altitude of a small satellite is near-earth, passive stabilization can be considered. the purpose of this paper is to combine the passive gravity gradient and aerodynamic stabilization methods together so that all the three axes stabilizations can be obtained. in this regard, the set of nonlinear equations of motion will be solved numerically with specified initial condition. t...