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New classical macroeconomics

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Parameter Learning in General Equilibrium: The Asset Pricing Implications

Pierre Collin Dufresne

Parameter learning strongly amplifies the impact of macroeconomic shocks on marginal utility when the representative agent has a preference for early resolution of uncertainty. This occurs as rational belief updating generates subjective long-run consumpti ...

American Economic Association2016

Pressure dependence of the magnetization plateaus ofSrCu2(BO3)2

Frédéric Mila

We show that the critical fields of the magnetization plateaus of the Shastry-Sutherland model decrease significantly upon increasing the ratio of inter- to intradimer coupling and accordingly that the magnetization plateaus of SrCu2(BO3)2 shift to lower f ...

2016

Every simple compact semiring is finite

A Hausdorff topological semiring is called simple if every non-zero continuous homomorphism into another Hausdorff topological semiring is injective. Classical work by Anzai and Kaplansky implies that any simple compact ring is finite. We generalize this r ...

Elsevier Science Bv2016

Essays in Empirical Corporate Finance

Stefano Colonnello

This dissertation consists of three chapters. The first chapter examines whether the availability of credit default swaps (CDS) has consequences for creditor governance. CDSs offer creditors the opportunity to hedge credit risk and may impact their willing ...

EPFL2015

Are French Households Car-Use Addicts? A microeconomic perspective

Matthieu Marie Cochon de Lapparent

This article presents a microeconometric analysis of household car use in France. To characterize car use dependence, the myopic and rational addiction models are estimated using panel data drawn from the French "Car Fleet" survey. Significantly, the assum ...

2015

Release of crowding by pattern completion

Michael Herzog, Gregory Francis, Mauro Manassi

In crowding, target perception deteriorates in the presence of flanking elements. Crowding is classically explained by low-level mechanisms such as pooling or feature substitution. However, we have previously shown that perceptual grouping between the targ ...

Association for Research in Vision and Ophthalmology2015

Macroeconomic conditions and a firm's investment decisions

Michi Nishihara

We propose a model of a firm's reversible investment decision with macroeconomic conditions based on optimal switching of a diffusion regime. The switching costs and the cash flow generated from the firm depend on a business cycle alternating via a Markov ...

Academic Press Inc Elsevier Science2014

Rhodium(III)/Copper(II)-Promoted trans-Selective Heteroaryl Acyloxylation of Alkynes: Stereodefined Access to trans-Enol Esters

Nicolai Cramer, Van Manh Pham

Enol esters are versatile synthetic building blocks which can be elaborated by a wide variety of transformations. The classical synthesis by O-selective enolate acylation often hampers control of the E/Z selectivity with highly substituted substrates. A rh ...

Wiley-Blackwell2014

Expectation-Driven Cycles in the Housing Market: Evidence from Survey Data

Luisa Lambertini

Using a vector-autoregression (VAR) model and data from the University of Michigan Survey of Consumers, we provide evidence on the importance of news and consumers' beliefs for housing-market dynamics and aggregate fluctuations. We document that innovation ...

2013

Geomorphic signatures on brutsaert base flow recession analysis

Andrea Rinaldo, Marc Parlange, Enrico Bertuzzo, Steven Vincent Weijs, Raphaël Mutzner, Serena Ceola, Ludovico Nicotina, Nevena Tomasic

This paper addresses the signatures of catchment geomorphology on base flow recession curves. Its relevance relates to the implied predictability of base flow features, which are central to catchment-scale transport processes and to ecohydrological functio ...

American Geophysical Union2013