Journal of Economic Theory, ISSN 0022-0531, 03/2017, Volume 168, pp. 209 - 236
The hypothesis that financial markets punish traders who make relatively inaccurate forecasts and eventually eliminate the effect of their beliefs on prices is...
Heterogeneous beliefs | Financial markets | Price impact | Survival | General equilibrium | FINANCIAL-MARKETS | WELFARE | EQUILIBRIUM | TRADERS | ECONOMICS | EXPECTATIONS | Endowments | Business schools
Heterogeneous beliefs | Financial markets | Price impact | Survival | General equilibrium | FINANCIAL-MARKETS | WELFARE | EQUILIBRIUM | TRADERS | ECONOMICS | EXPECTATIONS | Endowments | Business schools
Journal Article
Genetics, ISSN 0016-6731, 05/2016, Volume 203, Issue 1, pp. 451 - 462
Deleterious alleles can reach high frequency in small populations because of random fluctuations in allele frequency. This may lead, over time, to reduced...
Purging | Genetic drift | Genetic load | Selection | Human genetics | human genetics | DISTANCE | FITNESS | genetic drift | POPULATIONS | PATTERNS | DRIFT | MUTATION LOAD | genetic load | selection | INBREEDING DEPRESSION | GENETICS & HEREDITY | DELETERIOUS GENETIC-VARIATION | purging | Studies | Demography | African Americans | Inbreeding | Genomes | Mutation | Population genetics | Equilibrium | Investigations
Purging | Genetic drift | Genetic load | Selection | Human genetics | human genetics | DISTANCE | FITNESS | genetic drift | POPULATIONS | PATTERNS | DRIFT | MUTATION LOAD | genetic load | selection | INBREEDING DEPRESSION | GENETICS & HEREDITY | DELETERIOUS GENETIC-VARIATION | purging | Studies | Demography | African Americans | Inbreeding | Genomes | Mutation | Population genetics | Equilibrium | Investigations
Journal Article
Separation and Purification Technology, ISSN 1383-5866, 08/2016, Volume 168, pp. 62 - 67
Selection of the operating pressure of a distillation column is one of the most important design decisions. Pressure has a major impact on phase equilibrium in...
Vacuum distillation | Azeotropic distillation | Extractive distillation | ENGINEERING, CHEMICAL | Distillation | Costs | Utilities | Separation | Cooling | Financing | Columns (process)
Vacuum distillation | Azeotropic distillation | Extractive distillation | ENGINEERING, CHEMICAL | Distillation | Costs | Utilities | Separation | Cooling | Financing | Columns (process)
Journal Article
Econometrica, ISSN 0012-9682, 1/2016, Volume 84, Issue 1, pp. 243 - 315
This paper analyzes a sequential search model with adverse selection. We study information aggregation by the price—how close the equilibrium prices are to the...
Adverse selection | auctions | winner's curse | search theory | information aggregation | Information aggregation | Auctions | Winner's curse | Search theory | COMMON VALUES | LEMONS | MARKET | GAMES | STATISTICS & PROBABILITY | MODEL | INFORMATION PERCOLATION | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | EQUILIBRIUM | UNCERTAINTY | SOCIAL SCIENCES, MATHEMATICAL METHODS | ECONOMICS | OFFERS | AGGREGATION
Adverse selection | auctions | winner's curse | search theory | information aggregation | Information aggregation | Auctions | Winner's curse | Search theory | COMMON VALUES | LEMONS | MARKET | GAMES | STATISTICS & PROBABILITY | MODEL | INFORMATION PERCOLATION | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | EQUILIBRIUM | UNCERTAINTY | SOCIAL SCIENCES, MATHEMATICAL METHODS | ECONOMICS | OFFERS | AGGREGATION
Journal Article
1997, MIT Press series on economic learning and social evolution, ISBN 9780262193825, ix, 309
Book
Journal of the American Statistical Association, ISSN 0162-1459, 06/2012, Volume 107, Issue 498, pp. 592 - 606
This article introduces the large portfolio selection using gross-exposure constraints. It shows that with gross-exposure constraints, the empirically selected...
Portfolio optimization | Short-sale constraint | Risk optimization | Mean-variance efficiency | Portfolio improvement | Risk assessment | Investment risk | Estimate reliability | Approximation | Covariance | Theory and Methods | Mathematical vectors | Financial portfolios | Covariance matrices | Estimators | Estimation methods | Portfolio diversification | MARKET EQUILIBRIUM | INEQUALITIES | STATISTICS & PROBABILITY | VOLATILITY | Analysis of covariance | Analysis | risk optimization | portfolio improvement | risk assessment | mean-variance efficiency | portfolio selection
Portfolio optimization | Short-sale constraint | Risk optimization | Mean-variance efficiency | Portfolio improvement | Risk assessment | Investment risk | Estimate reliability | Approximation | Covariance | Theory and Methods | Mathematical vectors | Financial portfolios | Covariance matrices | Estimators | Estimation methods | Portfolio diversification | MARKET EQUILIBRIUM | INEQUALITIES | STATISTICS & PROBABILITY | VOLATILITY | Analysis of covariance | Analysis | risk optimization | portfolio improvement | risk assessment | mean-variance efficiency | portfolio selection
Journal Article
Angewandte Chemie International Edition, ISSN 1433-7851, 02/2019, Volume 58, Issue 9, pp. 2739 - 2743
Selection of aptamers from oligonucleotide libraries currently requires multiple rounds of alternating steps of partitioning of binders from nonbinders and...
one-step selections | oligonucleotides | aptamers | DNA libraries | ideal-filter capillary electrophoresis | DNA APTAMERS | SYSTEMATIC EVOLUTION | IN-VITRO SELECTION | CHEMISTRY, MULTIDISCIPLINARY | EQUILIBRIUM MIXTURES | SINGLE-CYCLE | PCR BIAS | LIGANDS | AFFINITY | SELEX SELECTION | EXPONENTIAL ENRICHMENT | Enzymes | Electrophoresis | Genomic libraries | Proteins | Partitioning | Capillary electrophoresis | Aptamers | Oligonucleotides | Binders
one-step selections | oligonucleotides | aptamers | DNA libraries | ideal-filter capillary electrophoresis | DNA APTAMERS | SYSTEMATIC EVOLUTION | IN-VITRO SELECTION | CHEMISTRY, MULTIDISCIPLINARY | EQUILIBRIUM MIXTURES | SINGLE-CYCLE | PCR BIAS | LIGANDS | AFFINITY | SELEX SELECTION | EXPONENTIAL ENRICHMENT | Enzymes | Electrophoresis | Genomic libraries | Proteins | Partitioning | Capillary electrophoresis | Aptamers | Oligonucleotides | Binders
Journal Article
The Review of Economic Studies, ISSN 0034-6527, 01/2018, Volume 85, Issue 1, pp. 275 - 306
Abstract This article develops a tractable model with two-dimensional asymmetric information in asset markets: sellers are privately informed about their asset...
Liquidity | Decentralized trading | Market dry-up | Fire sales | LEMONS | MONEY | THE-COUNTER MARKETS | PRICES | QUALITY | INFORMATION | COMPETITIVE SEARCH EQUILIBRIUM | ASSET FIRE SALES | MODEL | ECONOMICS | ILLIQUIDITY | D82
Liquidity | Decentralized trading | Market dry-up | Fire sales | LEMONS | MONEY | THE-COUNTER MARKETS | PRICES | QUALITY | INFORMATION | COMPETITIVE SEARCH EQUILIBRIUM | ASSET FIRE SALES | MODEL | ECONOMICS | ILLIQUIDITY | D82
Journal Article
1988, ISBN 0262081733, xiii, 378
Book
Econometrica, ISSN 0012-9682, 01/2016, Volume 84, Issue 1, p. 243
This paper analyzes a sequential search model with adverse selection. We study information aggregation by the price -- how close the equilibrium prices are...
Studies | Economic models | Prices | Adverse selection | Equilibrium
Studies | Economic models | Prices | Adverse selection | Equilibrium
Journal Article
IEEE/ACM Transactions on Networking, ISSN 1063-6692, 02/2017, Volume 25, Issue 1, pp. 406 - 419
We study the dynamics of network selection in heterogeneous wireless networks based on client-side control. Clients in such networks selfishly select the best...
Heterogeneous wireless networks | Wireless networks | radio access technology | Games | Rats | convergence time | Pareto optimality | Throughput | Nash equilibrium | Game theory | IEEE 802.11 Standard | Convergence | game theory | COMPUTER SCIENCE, HARDWARE & ARCHITECTURE | FAIR | PRICE | TELECOMMUNICATIONS | ENGINEERING, ELECTRICAL & ELECTRONIC | COMPUTER SCIENCE, THEORY & METHODS | ASSOCIATION | CONGESTION GAMES | NETWORK SELECTION | Access control | Economic models | Computer simulation | Clients | Equilibrium | Interoperability | Dynamic tests | Wireless communications | Mobile communication systems | Efficiency | Random access
Heterogeneous wireless networks | Wireless networks | radio access technology | Games | Rats | convergence time | Pareto optimality | Throughput | Nash equilibrium | Game theory | IEEE 802.11 Standard | Convergence | game theory | COMPUTER SCIENCE, HARDWARE & ARCHITECTURE | FAIR | PRICE | TELECOMMUNICATIONS | ENGINEERING, ELECTRICAL & ELECTRONIC | COMPUTER SCIENCE, THEORY & METHODS | ASSOCIATION | CONGESTION GAMES | NETWORK SELECTION | Access control | Economic models | Computer simulation | Clients | Equilibrium | Interoperability | Dynamic tests | Wireless communications | Mobile communication systems | Efficiency | Random access
Journal Article
Physical Review Letters, ISSN 0031-9007, 12/2014, Volume 113, Issue 24, p. 248101
Tubular organs display a wide variety of surface morphologies including circumferential and longitudinal folds, square and hexagonal undulations, and...
MECHANICS | INSTABILITY | EPITHELIUM | PHYSICS, MULTIDISCIPLINARY | BUCKLING DYNAMICS | IMPEDANCE | EQUILIBRIUM | GROWTH | MEMBRANES | VILLI | DIFFERENTIATION | Models, Biological | Computer Simulation | Intestine, Large - anatomy & histology | Elasticity | Intestine, Large - growth & development | Nonlinear Dynamics | Models, Anatomic | Intestines | Phase diagrams | Regulators | Circumferences | Organs | Valves | Mathematical morphology | Esophagus | Biomechanics | Mechanics | Acoustics | Physics
MECHANICS | INSTABILITY | EPITHELIUM | PHYSICS, MULTIDISCIPLINARY | BUCKLING DYNAMICS | IMPEDANCE | EQUILIBRIUM | GROWTH | MEMBRANES | VILLI | DIFFERENTIATION | Models, Biological | Computer Simulation | Intestine, Large - anatomy & histology | Elasticity | Intestine, Large - growth & development | Nonlinear Dynamics | Models, Anatomic | Intestines | Phase diagrams | Regulators | Circumferences | Organs | Valves | Mathematical morphology | Esophagus | Biomechanics | Mechanics | Acoustics | Physics
Journal Article
Journal of Public Economics, ISSN 0047-2727, 05/2019, Volume 173, pp. 85 - 95
In this paper, we study the welfare consequences of imposing alternative regimes of competition between two local governments that compete for mobile firms...
Asymmetric information | Constitutional constraints | Fiscal policy | Interjurisdictional competition | GAINS | TAXATION | COMMON AGENCY | FIRMS | HARMFUL | ECONOMICS | PREFERENTIAL TAX REGIMES | Services | Wireless communication systems | Local government | Federal Reserve banks | Conferences and conventions | Constitutional law
Asymmetric information | Constitutional constraints | Fiscal policy | Interjurisdictional competition | GAINS | TAXATION | COMMON AGENCY | FIRMS | HARMFUL | ECONOMICS | PREFERENTIAL TAX REGIMES | Services | Wireless communication systems | Local government | Federal Reserve banks | Conferences and conventions | Constitutional law
Journal Article
Journal of the American Chemical Society, ISSN 0002-7863, 02/2006, Volume 128, Issue 5, pp. 1410 - 1411
Aptamers are typically selected from libraries of random DNA (or RNA) sequences by SELEX, which involves multiple rounds of alternating steps of partitioning...
EQUILIBRIUM MIXTURES | PROTEIN | LIGANDS | NUCLEIC-ACID APTAMERS | RAS | RNA APTAMERS | NONEQUILIBRIUM CAPILLARY-ELECTROPHORESIS | CANCER | CHEMISTRY, MULTIDISCIPLINARY | PEPTIDE | MOLECULES | DNA - chemistry | Gene Library | SELEX Aptamer Technique | Aptamers, Nucleotide - chemistry | Aptamers, Peptide - chemistry | Kinetics | Electrophoresis, Capillary - methods | Ligands | DNA microarrays | Chemical properties | Research
EQUILIBRIUM MIXTURES | PROTEIN | LIGANDS | NUCLEIC-ACID APTAMERS | RAS | RNA APTAMERS | NONEQUILIBRIUM CAPILLARY-ELECTROPHORESIS | CANCER | CHEMISTRY, MULTIDISCIPLINARY | PEPTIDE | MOLECULES | DNA - chemistry | Gene Library | SELEX Aptamer Technique | Aptamers, Nucleotide - chemistry | Aptamers, Peptide - chemistry | Kinetics | Electrophoresis, Capillary - methods | Ligands | DNA microarrays | Chemical properties | Research
Journal Article
PLoS Computational Biology, ISSN 1553-734X, 12/2013, Volume 9, Issue 12, p. e1003381
In evolutionary games, reproductive success is determined by payoffs. Weak selection means that even large differences in game outcomes translate into small...
MULTIPLE STRATEGIES | EQUILIBRIUM | DILEMMAS | BIOCHEMICAL RESEARCH METHODS | MATHEMATICAL & COMPUTATIONAL BIOLOGY | STRUCTURED POPULATIONS | ANTISOCIAL PUNISHMENT | DYNAMICS | MUTATIONS | COOPERATION | EMERGENCE | PUBLIC-GOODS GAMES | Models, Theoretical | Reproduction | Selection, Genetic | Evolution, Molecular | Biological research | Research | Evolutionary biology | Game theory | Biology, Experimental | Animal reproduction | Probability | Population | Payoffs | Queuing theory | Markov analysis | Mutation | Success
MULTIPLE STRATEGIES | EQUILIBRIUM | DILEMMAS | BIOCHEMICAL RESEARCH METHODS | MATHEMATICAL & COMPUTATIONAL BIOLOGY | STRUCTURED POPULATIONS | ANTISOCIAL PUNISHMENT | DYNAMICS | MUTATIONS | COOPERATION | EMERGENCE | PUBLIC-GOODS GAMES | Models, Theoretical | Reproduction | Selection, Genetic | Evolution, Molecular | Biological research | Research | Evolutionary biology | Game theory | Biology, Experimental | Animal reproduction | Probability | Population | Payoffs | Queuing theory | Markov analysis | Mutation | Success
Journal Article
Journal of Economic Theory, ISSN 0022-0531, 07/2019, Volume 182, pp. 143 - 160
I analyze the survival probabilities of different types of agents in a general equilibrium model with disagreement over idiosyncratic uncertainties. I find...
Heterogeneous beliefs | Market selection hypothesis | Asset pricing | General equilibrium | RISK | ECONOMICS | Pricing | Interest rates
Heterogeneous beliefs | Market selection hypothesis | Asset pricing | General equilibrium | RISK | ECONOMICS | Pricing | Interest rates
Journal Article
Econometrica, ISSN 0012-9682, 11/2010, Volume 78, Issue 6, pp. 1823 - 1862
We study economies with adverse selection, plus the frictions in competitive search theory. With competitive search, principals post terms of trade...
Productivity | Employee insurance | Trade gains | Terms of trade | Objective functions | Adverse selection | Market equilibrium prices | Labor market equilibrium | Market equilibrium | Contracts | information | adverse selection | contracts | Search | matching | Matching | Information | PARETO OPTIMA | GAMES | LABOR-MARKETS | STATISTICS & PROBABILITY | MODEL | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | RAT RACE | SOCIAL SCIENCES, MATHEMATICAL METHODS | ECONOMICS | INSURANCE MARKETS | UNEMPLOYMENT | Analysis | Algorithms
Productivity | Employee insurance | Trade gains | Terms of trade | Objective functions | Adverse selection | Market equilibrium prices | Labor market equilibrium | Market equilibrium | Contracts | information | adverse selection | contracts | Search | matching | Matching | Information | PARETO OPTIMA | GAMES | LABOR-MARKETS | STATISTICS & PROBABILITY | MODEL | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | RAT RACE | SOCIAL SCIENCES, MATHEMATICAL METHODS | ECONOMICS | INSURANCE MARKETS | UNEMPLOYMENT | Analysis | Algorithms
Journal Article
1989, ISBN 9783540509745, vii, 200
Book
Econometrica, ISSN 0012-9682, 01/2017, Volume 85, Issue 1, pp. 67 - 105
This paper proposes a perfectly competitive model of a market with adverse selection. Prices are determined by zero‐profit conditions, and the set of traded...
Adverse selection | contract theory | general equilibrium | HEALTH-INSURANCE MARKETS | CONSUMER WELFARE | ASYMMETRIC INFORMATION | MEDIGAP | STATISTICS & PROBABILITY | SIGNALING GAMES | CHOICE | REFINEMENTS | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | SOCIAL SCIENCES, MATHEMATICAL METHODS | PRIVATE INFORMATION | ECONOMICS | EFFICIENCY
Adverse selection | contract theory | general equilibrium | HEALTH-INSURANCE MARKETS | CONSUMER WELFARE | ASYMMETRIC INFORMATION | MEDIGAP | STATISTICS & PROBABILITY | SIGNALING GAMES | CHOICE | REFINEMENTS | MATHEMATICS, INTERDISCIPLINARY APPLICATIONS | SOCIAL SCIENCES, MATHEMATICAL METHODS | PRIVATE INFORMATION | ECONOMICS | EFFICIENCY
Journal Article
The Review of Economic Studies, ISSN 0034-6527, 01/2018, Volume 85, Issue 1, p. 275
This article develops a tractable model with two-dimensional asymmetric information in asset markets: sellers are privately informed about their asset quality...
Studies | Adverse selection | Liquidity | Asset management | Equilibrium
Studies | Adverse selection | Liquidity | Asset management | Equilibrium
Journal Article
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