This paper empirically investigates the effects of liberalized trade on plant productivity in the case of Chile. Chile presents an interesting setting to study this relationship since it underwent a massive trade liberalization that significantly exposed its plants to competition from abroad during

This paper suggests that the interactions of security trades and quote revisions be modeled as a vector autoregressive system. Within this framework, a trade's information effect may be meaningfully measured as the ultimate price impact of the trade innovation. Estimates for a sample of NYSE

It is increasingly important to structure signal processing algorithms and systems to allow for trading off between the accuracy of results and the utilization of resources in their implementation. In any particular context, there are typically a variety of heuristic approaches to managing

for economists to consider happiness. The first is economic policy. At the micro-level, it is often impossible to make a Pareto-optimal proposal, because a social action entails costs for some individuals. Hence an evaluation of the net effects, in terms of individual utilities, is needed. On an aggregate level

world economy roughly accorded with the idea of three distinct economic systems: a capitalist first world, a socialist second world, and a developing third world which aimed for a middle way between the first two. The third world was characterized not only by its low levels of per capita GDP

More than twelve years have elapsed since the first public release of WEKA. In that time, the software has been rewritten entirely from scratch, evolved substantially and now accompanies a text on data mining [35]. These days, WEKA enjoys widespread acceptance in both academia and business, has

the data is aggregated and stored for offline querying and analysis. This approach has two major drawbacks. First, the user cannot change the behavior of the system on the fly. Second, conservation of battery power is a major design factor, but a central system cannot make use of in-network programming

Trust is a judgement of unquestionable utility — as humans we use it every day of our lives. However, trust has suffered from an imperfect understanding, a plethora of definitions, and informal use in the literature and in everyday life. It is common to say “I trust you, ” but what does that mean

prove three theorems. First, every strategy-proof voting procedure is dictatorial. Second, this paper’s strategy-proofness condition for voting procedures corre-sponds to Arrow’s rationality, independence of irrelevant alternatives, non-negative response, and citizens ’ sovereignty conditions for social

and the effects of the stresses and strains of life-which alter the metabolic activity. The universality of this phenomenon sug-gests that the reactions which cause it are basic-ally the same in all living things. Viewing this process in the light of present day free radical and radiation chemistry