and neuropathology of cerebral "anoxic-ischemic" cell change. Arch Neurol 29: 367-374, 1973 20. Rice JE, Vannucci RC, Brierley JB: The influence of immaturity on hypoxic-ischemic brain damage in the rat. Ann Neurol 9: 131-141, 1981 21. Salford LG, Plum F, Siesjo BK: Graded hypoxia-oligemia in rat brain. Arch Neurol 29: 227-233, 1973 22. Levine S: Anoxic ischemic encephalopathy in rats. Am J Pat...

We study whether herding can arise in a laboratory financial market in which agents trade sequentially. Agents trade an asset whose value is unknown and whose price is efficiently set by a market maker. We show that the presence of a price mechanism destroys the possibility of herding. Most agents follow their private information and prices converge to the fundamental value. This result contras...

The 1991 Delaware court ruling involving Credit Lyonnais expanded the fiduciary duties of managers towards debtholders in the event that a firm is within the proximity of insolvency. Using a difference-in-differences approach that exploits this exogenous shock, we find that the 1991 ruling induced managers of Delaware firms ex ante to place a greater emphasis on investments that foster long-ter...

We document cash management patterns for households that are at odds with the predictions of deterministic inventory models that abstract from precautionary motives. We extend the Baumol–Tobin cash inventory model to a dynamic environment that allows for the possibility of withdrawing cash at random times at a low cost. This modification introduces a precautionary motive for holding cash and na...

Structural and Electrical Functionality of NiO Interfacial Films in Bulk Heterojunction Organic Solar Cells Michael D. Irwin, Jonathan D. Servaites, D. Bruce Buchholz, Benjamin J. Leever, Jun Liu, Jonathan D. Emery, Ming Zhang, Jung-Hwan Song, Michael F. Durstock,* Arthur J. Freeman,* Michael J. Bedzyk,* Mark C. Hersam,* Robert P. H. Chang,* Mark A. Ratner,* and Tobin J. Marks* Department of Ch...

Address for correspondence: Stephanie Bell, University of Missouri-Kansas City, Department of Economics, 211 Haag Hall, 5100 Rockhill Road, Kansas City, MO 64110, USA; email [email protected] *University of Missouri-Kansas City. This paper was written while the author was Cambridge University Visiting Scholar at the Jerome Levy Economics Institute and was presented at the 1998 meetings of the Eas...

REFERENCES 1 Raghu G, Freudenberger TD, Yang S, et al. High prevalence of abnormal gastro-oesophageal reflux in idiopathic pulmonary fibrosis. Eur Respir J 2006; 27: 136–142. 2 Mays EE, Dubois JJ, Hamilton GB. Pulmonary fibrosis associated with tracheobronchial aspiration. A study of the frequency of hiatal hernia and gastroesophageal reflux in interstitial pulmonary fibrosis of obscure etiolog...

...take some Pity on me... for my Friends is very Poor, and my Mother is very sick, and I am to die next Wednesday morning, so I hope you will be so good as to give my Friends a small Trifill of Money to pay for a Coffin and a Sroud, for to take my body a way from the Tree in that I am to die on... and don’t be faint Hearted... so I hope you will take it into Consideration of my poor Body, and ...

This article suggests very simple three-step estimators for censored quantile regression models with a separation restriction on the censoring probability. The estimators are theoretically attractive (i.e., asymptotically as efŽ cient as the celebrated Powell’s censored least absolute deviation estimator). At the same time, they are conceptually simple and have trivial computational expenses. T...

Christina and David Romer’s paper ‘Does Monetary Policy Matter?’ advocates the so-called ‘narrative’ approach to causal inference. We demonstrate that this method will not sustain causal inference. First, it is impossible to distinguish monetary shocks from oil shocks as causes of recessions. Second, a world in which the Fed only announces intentions to act cannot be distinguished from one in w...