Merger Profitability and Trade Policy by Steffen Huck and Kai A. Konrad We study the profitability and welfare effects of merger in a strategic trade policy environment. Merger changes the strategic trade policy equilibrium. We show that merger can be profitable and welfare enhancing here, even though it is not profitable in a laissez-faire economy. A key element is the change in the government...

We use a stochastic frontier approach to study the effects of political and regulatory institutions on aggregate productivity in 39 countries from 1975 to 1990. We show that technical efficiency is positively related to policies supporting laissez-faire and political structures that promote policy stability. Moreover, models of technical efficiency incorporating both measures perform better tha...

This article introduces MLPOST, an OCaml library for scientific drawing. It is based on METAPOST, which allows inclusion of LTEX fragments. OCaml is an appealing alternative to LTEX macro languages, dedicated languages and even to graphic tools. In particular, MLPOST users benefit from OCaml’s expressiveness and static typing. Finally, MLPOST features a declarative style, which differs from the...

Chromatin structure and dynamics that are influenced by epigenetic marks, such as histone modification and DNA methylation, play a crucial role in modulating gene transcription. To understand the relationship between histone modifications and regulatory elements in breast cancer cells, we compared our chromatin immunoprecipitation sequencing (ChIP-Seq) histone modification patterns for histone ...

No form of organization has ever existed without leadership. However, an individual need not be the senior officer or commander to be a leader. Nevertheless, for an organization to function with some degree of efficiency, having a leader at its head is important. If a leader is also a good manager, that is even better. While leadership and management are terms that are often used interchangeabl...

We show that a one-sector real business cycle model with mild increasing returns-to-scale, variable capital utilization and saddle-path stability is able to produce qualitatively realistic business cycles driven solely by disturbances to government purchases. Due to an endogenous increase in labor productivity, a positive spending shock can lead to simultaneous increases in output, consumption,...

RÉSUMÉ. Ces dernières années, les besoins en termes de données et de services temps réel se sont beaucoup accrus dans un grand nombre d’applications. Traditionnellement, ces applications sont gérées par des systèmes temps réel, bien adaptés pour la prise en compte des contraintes temporelles. Cependant, ils ne sont pas satisfaisants pour la gestion efficace de grands volumes de données. Les sys...