In this paper a circuit design technique to improve noise tolerant of a new CMOS domino logic family called feedthrough logic is presented. The feedthrough logic improves the performance of arithmetic circuit as compared to static CMOS and domino logic but its noise tolerant is very less. A 2-input NAND gate is designed by the proposed technique. The ANTE (average noise threshold energy) metric...

We look at a principal–agent model in which the agent has to perform an action, the difficulty of which is better known ex interim than ex ante. We compare two contracting regimes; one with commitment to an ex ante negotiated contract, and one with an ex interim negotiated contract. The ex ante contract can not be too steep, but attempts to negotiate a steeper ex interim contract may result in ...

The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a socially designed characteristic function, which expresses the fact that coalitions allocate goods by means of random incentive compatible mechanisms. We …rst survey some results in the case of perfectly divisible goods. Examples then show that the ex ante incentive compatible core ...

The behavior of dynamically consistent agents who follow through with any ex ante optimal plan cannot be distinguished from the behavior of Bayesians. The notion of dynamic semi-consistency allows for models in which different ambiguity attitudes generate different predictions while at the same time keeping the normatively appealing tenet that agents follow through with ex ante optimal pure str...

In welfare economics the relevance of income mobility has been often highlighted in order to allow for the measurement of equality of opportunity. In this paper we observe that intra and intergenerational income mobility have very few in common and, in particular, only the latter concerns with equality of opportunity. In contrast with existing literature we focus on the former not the latter, a...

A Bacillus subtilis promoter, Px, that functions in a convergent manner with the sigA operon promoter P3 has been found in the sigA operon. Promoter Px is turned on at the same time as promoter P3 during early sporulation. The transcript from promoter Px codes for a small protein with partial homology to the OmpR protein from Escherichia coli and also carries an untranslated sequence at its 3' ...

We study what features an economic environment might possess, such that it would be Pareto efficient for the exchange of goods in that environment to be conducted on spot markets where those goods trade for money. We prove a conjecture that is essentially due to Bewley [1980, 1983]. The gist is that monetary spot trading is nearly efficient ex ante in an environment where very patient agents ca...

In a finite-trader version of the Diamond-Dybvig (1983) model, the symmetric, ex-ante efficient allocation is implementable by a direct mechanism (i.e., each trader announces the type of his own ex-post preference) in which truthful revelation is the strictly dominant strategy for each trader. When the model is modified by formalizing the sequential-service constraint (cf. Wallace, 1988), the t...

Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of international risk sharing as a factor for the macroeconomic response to shocks. We use a stylised two-bloc...

We consider a perfectly competitive ex ante economy with a continuum of agents and negligible asymmetric information. For such an economy we recast the basic classical results on the existence of Walrasian equilibrium, core equivalence, and the blocking size of coalitions. Moreover, we examine the incentive compatibility of the ex ante Pareto, core and Walrasian allocations. © 2007 Elsevier Inc...