We examine the frequency of price changes for 350 categories of goods and services covering about 70 % of consumer spending, based on unpublished data from the BLS for 1995 to 1997. Compared with previous studies we find much more frequent price changes, with half of goods' prices lasting less than 4.3 months. Even excluding the role of temporary price cuts (sales), we find that half of goods' prices last 5.5 months or less. The frequency of price changes differs dramatically across categories. We exploit this variation to ask how inflation for "flexible-price goods" (goods with frequent changes in individual prices) differs from inflation for "sticky-price goods" (those displaying infrequent price changes). Compared to the predictions of popular sticky price models, actual inflation rates are far more volatile and transient, particularly for sticky-price goods.

Reasons for inadequate asthma control in

This individual differences study examined the separability of three often postu-lated executive functions—mental set shifting (‘‘Shifting’’), information updating and monitoring (‘‘Updating’’), and inhibition of prepotent responses (‘‘Inhibi-tion’’)—and their roles in complex ‘‘frontal lobe’ ’ or ‘‘executive’ ’ tasks. One hun-dred thirty-seven college students performed a set of relatively simple experimental tasks that are considered to predominantly tap each target executive function as well as a set of frequently used executive tasks: the Wisconsin Card Sorting Test (WCST), Tower of Hanoi (TOH), random number generation (RNG), operation span, and dual tasking. Confirmatory factor analysis indicated that the three target executive functions are moderately correlated with one another, but are clearly sepa-rable. Moreover, structural equation modeling suggested that the three functions

that demonstrate that each component is necessary to the system as a whole and to each other. What results is significantly faster learning. NEAT is also an important contribution to GAs because it shows how it is possible for evolution to both optimize and complexify solutions simultaneously, offering

We consider the problem of analyzing market-basket data and present several important contributions. First, we present a new algorithm for finding large itemsets which uses fewer passes over the data than classic algorithms, and yet uses fewer candidate itemsets than methods based on sampling. We

This paper presents for the first time the semantic foundations of CLP in a self-contained and complete package. The main contributions are threefold. First, we extend the original conference paper by presenting definitions and basic semantic constructs from first principles, giving new

This paper shows that reciprocity has powerful implications for many economic domains. It is an important determinant in the enforcement of contracts and social norms and enhances the possibilities of collective action greatly. Reciprocity may render the provision of explicit incentive inefficient

Drawing graphs is an important problem that combines flavors of computational geometry and graph theory. Applications can be found in a variety of areas including circuit layout, network management, software engineering, and graphics. The main contributions of this paper can be summarized

The factors that affect the supply of entrepreneurs are important but poorly understood. We study a sample of individuals who choose either to be employees or to run their own businesses. Four

for the architecture in terms of the system constraints, which most often derive from the system:requirements. We discuss the compo-nents of the model in the context of both architectures and architectural styles and present an extended exam-ple to illustrate some important architecture and style considerations. We