Recent research has revealed a wealth of information about the microeconomics of currency markets and thus the determination of exchange rates at short horizons. This information is valuable to us as scientists since, like evidence of macroeconomic regularities, it can provide critical guidance for designing exchange-rate models. This paper presents an optimizing model of short-run exchange-rat...

This paper focuses on the cross elasticity of supply concept and incidentally on the cross elasticity of demand concept. The author reviews a body of contemporaneous and older textbooks in intermediate microeconomics and industrial organization/public policy and finds that cross elasticity of supply is and has been seldom discussed in such textbooks, while cross elasticity of demand tends to be...

The discipline of economics is built upon two immutable facts: that the wants of mankind are considerable, perhaps unlimited, while the resources available to satisfy them are scarce. The study of economics is concerned with way in which resources are used to satisfy wants. It has been described succinctly as the science of scarcity. At one level economics is simply the study of what is which g...

49 Introduction Most yield loss is caused by random defects and systematic process errors. For the 130 nm design-rule generation, random defects and parametric process errors are roughly equal contributors to yield loss. At the 90 and 65 nm nodes, parametric losses are expected to dominate. Factory managers will be forc e d to make an economic trade-off between yield and density in order to ach...

In recent years, major research advances have taken place in the intersection of computer science and economics, but this material has so far been taught primarily at graduate level. This paper describes a novel semester-long undergraduate-level course economics Duke University, titled “CPS 173: Computational Microeconomics.”

Researchers make hundreds of decisions about data collection, preparation, and analysis in their research. We use a many?analysts approach to measure the extent impact these decisions. Two published causal empirical results are replicated by seven replicators each. find large differences preparation decisions, many which would not likely be reported publication. No two same sample size. Statist...