In this paper, a model with both convex and non-convex capital adjustment costs is improved by incorporating financial characteristics of firms into their investment decision process. The structural parameters of this model are solved by the indirect inference method reproducing the coefficients of a reduced form investment equation where profitability shocks and the cash-flow-to-capital ratio ...

We exploit a large exogenous shock to study the determinants of college attendance and role played by one's environment. analyze whether, how quickly, adolescents' plans are adapted, explore factors leading adjustment, examine these ultimately impact later educational attainment. Using differences across East German cohorts induced timing Reunification (a change for from state socialism capital...

Objective: The study aimed to determine the relationship between sexuality and marital adjustment of pregnant women their husbands in pregnancy. Methods: This cross-sectional was conducted with 120 husbands. data were collected using a participant information form, Libido Scoring System (LSS) Marital Adjustment Scale (MAS). Paired-samples t-test, Spearman’s correlation analysis used. Results: m...

The “predictor-corrector” feedback controller, a process adjustment scheme proposed for semiconductor manufacturing run-to-run processes that drift, is extended to the multiple input–multiple output case. The controller is based on two coupled multivariate exponentially-weighted-moving-average (EWMA) equations, thus its performance depends on the choices of EWMA weight matrices. Stability condi...

Previous research has reported that the real estate market for retail space is slow to adjust, however, comparatively little research has investigated the supply of retail space for individual metropolitan markets. This study presents our findings by metropolitan statistical area (MSA) of the mean retail space supply lag, the shortand long-run retail space supply elasticities with respect to re...

Statistical control implies stable random variation about a target value that is produced by some common cause. In many manufacturing systems, the majority of the processing time is spent in the steady-state phase. Hence, it makes sense that a system is in statistical control most of the time and the operator or decision-maker should avoid introducing unnecessary variation by making adjustments...

We analyze a myopic strategy adjustment process in strategic-form games. It is shown that the steady states of the continuous time limit, which is constructed assuming frequent play and slow adjustment of strategies, are exactly the best-reply matching equilibria, as discussed by Droste, Kosfeld, and Voorneveld (2000. Mimeo, Tilburg University). In a best-reply matching equilibrium every player...