We construct a model of a dynamic economy in which lenders cannot force borrowers to repay
their debts unless the debts are secured. In such an economy, durable assets play a dual …

This paper provides a framework for addressing the question of when transactions should
be carried out within a firm and when through the market. Following Grossman and Hart, we …

When drawing up a contract, it is often impracticable for the parties to specify all the relevant
contingencies. In particular, they may be unable to describe the states of the world in …

Consider an entrepreneur who needs to raise funds from an investor, but cannot commit not
to withdraw his human capital from the project. The possibility of a default or quit puts an …

H*(M; K)-H (M; K) 0H H*(M; K) induced by the diagonal M e M x M, but also a product H*(M,
K) 0 HE*(M; K)-HE*(M; K) induced by the product M x M e M. The structure theorem of Hopf …

purpose. To compare the bacterial population of the ocular surface of normal and dry eye
subjects using conventional culture and 16S rDNA PCR. methods. Ninety-one subjects were …

Background The SARS-CoV-2 delta (B.1.617.2) variant was first detected in England in March,
2021. It has since rapidly become the predominant lineage, owing to high transmissibility. …

This augmented edition of a respected text teaches the reader how to use linear quadratic
Gaussian methods effectively for the design of control systems. It explores linear optimal …

This graduate-level text augments and extends beyond undergraduate studies of signal
processing, particularly in regard to communication systems and digital filtering theory. Vital for …

Many scientists have made use of the wavelet method in analyzing time series, often using
popular free software. However, at present there are no similar easy to use wavelet packages …