This article examines the role of capital in financial institutions -why it is important, how market-generated capital 'requirements' differ from regulatory requirements, and the form that regulatory requirements should take. Along the way, we examine historical trends in bank capital, problems in measuring capital, and some possible unintended consequences of capital requirements. Within this ...

The relationship between a product and its design process is generally complex and not fully understood. When modifying a product, industry still rarely considers the implementation process and its consequences for other design activities in the company, which is hard to assess with conventional planning methods. Although change processes are highly constrained, product and process constraints ...

In this article, we introduce a model on the unintended effects of advertising. This model describes the existing hypotheses about the impact of advertising on (a) materialism, (b) parent–child conflict, and (c) unhappiness. The validity of each of these hypotheses was investigated using a vote-counting analysis. Our analyses yielded a small to moderate effect size for the relation between adve...

Title IX has undoubtedly increased athletic opportunities for young high school and college women. What is less well understood is whether Title IX has had the unintended consequence of decreasing educational opportunities for young women relative to men. This paper examines the relationship between a university's compliance with Title IX via the proportionality standard and the subsequent admi...

The experience shows the evaluative judgements obtained through perceptive testing may contain unintended preferences made by listeners with no apparent motivation.An advantage for additional interpretation adjustments is if a general trend in such a distortion and its main direction can be detected. .In experiments devoted to finding out sound qualities that motivate the Czech listener to divi...

We specify and estimate retirement models for singles and married couples and estimate these on data from the Dutch Socio-Economic Panel. We perform some simulations and find strong effects of retirement options in determining the retirement behavior within different household types. Model estimates are used to simulate the effect of relevant retirement policies across subgroups. We find that t...

We review recent work in which compactifications of string and M theory are constructed in which all scalar fields (moduli) are massive, and supersymmetry is broken with a small positive cosmological constant, features needed to reproduce real world physics. We explain how this work implies that there is a “landscape” of string/M theory vacua, perhaps containing many candidates for describing r...

These are notes for a graduate seminar on perverse sheaves.

This article discusses unexpected consequences of idealistic conceptions about the modernization of power grids. We will focus our analysis on demand-response policies based on automatic decisions by the so-called smart home appliances. Following the usual design approach, each individual appliance has access to a universal signal (e.g. grid frequency or electricity price) that is believed to i...