挖掘汽车分销潜力的成功要素

为了自身的利益，美国的经销商和制造商能够而且必须联合起来。     

Gibbsian and non-Gibbsian states at Eurandom

We review some of the work on non-Gibbsian states of the last 10 years, emphasizing the developments in which Eurandom played a role.     

Halt the New Satellite Give away

A bstract . The geostationary arc is an orbit in space in which a satellite , 22,300 miles up, moving at the speed at which the earth revolves, can continue to hover over a continent on earth, monitoring weather and military activities, rebroadcasting entertainment and information programs, newspaper and magazine printing plates and particularly communications. In the latter use it replaces surface microwave relay transmitters every 30 miles (which replaced the much more expensive long landlines ), at an estimated savings of more than half a billion dollars annually for this use alone. Because the orbit cannot accommodate all the applicants for slots within it, the Federal Government should grant, for an adequate fee, three year licenses, raising the fee on renewal to absorb the annual economic rent.     

Managers' conservatism and corporate performance

This article argues that conservatism as a personal value among senior managers significantly affects corporate performance. A scale to measure conservatism was developed and its measurement properties were tested on several hundred executives. Empirical results were consistent with the hypotheses that conservatism among senior management teams is negatively associated with the firm's social responsiveness as well as certain aspects of financial performance.     

Bank competition and optimal monetary policies under alternative reserve accounting schemes

The purpose of this paper is to provide a theoretical analysis of the implications of increased competition among depository financial institutions for the optimal conduct of monetary policy with respect to the ultimate goals of price and output stability. In the context of a general equilibrium model which includes rational expectations and a market for bank deposits, it is shown that a rise in bank rivalry for deposits produces a more steeply sloped LM schedule. Under a system of lagged required reserve accounting, this fact has no effect on the optimal conduct of monetary policy, which requires an operating procesure designed to target a market interest rate. However, under a system of contemporaneous reserve accounting, this fact implies that less emphasis should be placed on a market interest rate as a variable upon which the Fed's setting of reserves should be conditioned.