This paper studies the classical land division problem formalized by Steinhaus [27] in a multi-profile context. We propose a notion of an allocation rule for this setting. We discuss several examples of rules and properties they may satisfy. Central among these properties is division independence: a parcel may be partitioned into smaller parcels, these smaller parcels allocated according to the...

In this paper we analyze the implications of demographic shift for an economy’s fiscal sustainability through lens of fiscal space. We formulate a stochastic dynamic general equilibrium, overlapping generations model to measure fiscal space in terms of budgetary room between the current and maximum tax revenues (the peaks of Laffer curves). We calibrate the model to Japan and US data and conduc...

Recently, Treasury Secretary Larry Summers implied that the government would be de creasing the supply of government bonds in order to pay down outstanding debt. This likely represents the beginning of President Clinton's plan to use a surplus that could total as much as $1.92 trillion over the next ten years to begin to eliminate the national debt (Dreazen, 2000). The wave of prosperity that h...

I use variation across markets in the timing of television’s introduction to identify its impact on voter turnout. The estimated e¤ect is signi…cantly negative, accounting for between a quarter and a half of the total decline in turnout since the 1950s. It is robust to a range of controls and alternative speci…cations, and interacts intuitively with county characteristics. I argue that substitu...

0 7 4 0 7 4 5 9 / 0 0 / $ 1 0 . 0 0 © 2 0 0 0 I E E E J u l y / A u g u s t 2 0 0 0 I E E E S O F T W A R E 19 design, algorithm, code, or test—does indeed improve software quality and reduce time to market. Additionally, student and professional programmers consistently find pair programming more enjoyable than working alone. Yet most who have not tried and tested pair programming reject the i...

In the light of the need to achieve a ranking which is understood by all tennis supporters, the ATP ranking is exposed to constant complaints from players and at the same time exposes new players to be benefited with a good tournament to be able to start progressing in their careers. Moreover, the ATP ranking is not powerful enough to predict with certainty who will be the winner of a match if ...

The NIST 2011 Language Recognition Evaluation focuses on language pair discrimination for 24 languages/dialects, some of which may be considered mutually intelligible or closely related. The LRE11 evaluation required new data for all languages, comprising both conversational telephone speech and broadcast narrowband speech from multiple sources in each language. Given the potential confusion am...

The last few years have seen a number of new and important publications in moral theory. Arguably none more important than Larry S. Temkin’s Rethinking the Good: Moral Ideals and the Nature of Practical Reasoning. This fascinating work highlights and explores in depth a seemingly fundamental inconsistency in our own axiological beliefs. Put roughly, the inconsistency arises given our general wi...

When I say that innovation is being democratized, I mean that users of products and services—both firms and individual consumers—are increasingly able to innovate for themselves. User-centered innovation processes offer great advantages over the manufacturer-centric innovation development systems that have been the mainstay of commerce for hundreds of years. Users that innovate can develop exac...

The introduction of a local currency may serve as a signal of demand for local goods. Where demand uncertainty deters firms from investing in more productive technologies, such a signal improves the chances that technology choice will be optimal. The introduction of a local currency therefore always improves ex-ante efficiency and may lead to ex-post efficiency, with strictly higher levels of p...