Asymmetric output gap effects in Phillips Curve and mark-up pricing models: evidence for the US and the UK

A number of studies have found an asymmetric response of consumer price index inflation to the output gap in the US in simple Phillips curve models. We consider whether there are similar asymmetries in mark-up pricing models, that is, whether the mark-up over producers' costs also depends upon the sign of the (adjusted) output gap. The robustness of our findings to the price series is assessed, and also whether price-output responses in the UK are asymmetric.

Mark Casson: the Entrepreneur at 30 -continued relevance?

Mark Casson's The Entrepreneur: An Economic Theory (1982) has become one of the most influential books in the field of entrepreneurship. For the first time, this article outlines its origins and summarizes its main themes. The article goes on to show how Casson's subsequent research has closely followed the research agenda he set for himself in The Entrepreneur and illustrates the continuing challenge his work presents to entrepreneurship scholars. The article is based on an interview the authors conducted with Mark Casson on the thirtieth anniversary of the book's publication. Copyright © 2014 Strategic Management Society.

Mushrooms and taphonomy: the fungi that mark woodland graves

Two closely related chemoecological groups of fungi, the ammonia fungi and the postputrefaction fungi, have been associated with the decomposition by-products of cadavers. Sporocarps have been observed in disparate woodlands across the world and often mark sites of graves. These groups of fungi provide visible markers of the sites of cadaver decomposition and follow repeated patterns of successional change as apparent decomposition proceeds. We suggest these phenomena may become a useful tool for crime scene investigation, forensic archaeology and forensic taphonomy.

Ståndortsindex och produktion för björk och gran på samma mark

På 11 lokaler där björk och gran vuxit i bestånd intill varandra på likartad mark uppskattades ståndortsindex (SI) för gran och björk med hjälp av brösthöjdsålder och höjd på övrehöjdsträd. På 22 lokaler (11 verkliga, 11 simulerade) uppskattades SI för gran och björk med hjälp av ståndortsegenskaper. Sambandet mellan SI för gran och för vårtbjörk sammanfattas i en tabell där SI G24 motsvarar B23 och SI G36 motsvarar B26. Marker där vårtbjörken kan konkurrera med granen i produktion bör vara friska lågörttyper med markvattenklass S eller K. Hög höjd över havet och nordliga breddgrader har också mer negativ påverkan på björkens än på granens tillväxt. På breddgrad 60-61 ºN  upp till 100 m över havet uppskattas då SI för björk till B24-26 och för gran till G25-27. På de lägre boniteterna (B23/G24) beräknas volymsproduktionen vara likvärdig för vårtbjörk och gran, medan på de högre boniteterna (B26/G36) beräknas granens medelvolyms-produktion vara upp mot dubbelt så hög som för vårtbjörk. Vårtbjörkens torrsubstansproduktion beräknas däremot överstiga den för gran på de lägre boniteterna och uppgå till ca 80% av granens torrsubstansproduktion på de högre boniteterna.  Materialet i studien är begränsat och försiktighet bör iakttagas vid generaliseringar.

O Impacto da Abertura Comercial Sobre Mark-Up e Produtividade Industrial Brasileira

Rio de Janeiro

Comparative advantage, heterogeneous firms and variable mark-ups

We develop a model of comparative advantage with monopolistic competition, that incorporates heterogeneous firms and endogenous mark-ups. We analyse how these features vary across countries with different factor endowments, and across markets of different size. In this model we can obtain trade gains via two channels. First, when we open the economy, most productive firms start to export their product, then, they demand more producing factors and wages rises, thus, those firms that are less productive will be forced to stop to produce. Second channel is via endogenous mark-ups, when we open the economy, the competition gets ``tougher'', then, mark-ups falls, thus, those firms that are less productive will stop to produce. We also show that comparative advantage works as a ``third channel'' of trade gains, because, all trade gains results are magnified in comparative advantage industry of both countries. We also make a numerical exercise to see how endogenous variables of the model vary when trade costs fall.

Influência do envelhecimento acelerado na anatomia da testa de sementes de soja, cv. Monsoy 8400

Durante o processo de envelhecimento, as sementes sofrem alterações degenerativas que influenciam o seu potencial fisiológico. Entre estas alterações podem estar as modificações anatômicas nas camadas celulares da testa da semente. Objetivou-se, com este trabalho, verificar a relação entre a anatomia da testa de sementes de soja, cultivar Monsoy 8400 e a germinação, após o envelhecimento acelerado, pelo fato da testa apresentar um papel fundamental na conservação do potencial fisiológico das sementes. As sementes foram envelhecidas a 42ºC e 100% UR do ar por períodos de zero, 24, 48, 72 e 96 horas. Avaliaram-se os teores de água e a germinação, posteriormente à secagem, seções transversais da testa de 10 sementes de cada tratamento foram eletromicrografadas, com microscópio eletrônico de varredura,,observando-se as camadas das células paliçádicas, ampulhetas e parenquimáticas A germinação declinou com o aumento dos períodos de envelhecimento. Houve redução da espessura das camadas da testa nos períodos de 48, 72 e 96 horas deste processo. Observou-se que, principalmente, para os períodos de envelhecimento de 72 e 96 horas, que as células da camada hipodérmica apresentaram um aspecto de colapso, sendo este acentuado para o período de 96 horas. A redução da espessura das camadas sugere a ocorrência de um colapso das células que compõem tais camadas, sendo um fator causador da redução do potencial germinativo.

The action of the testa upon the germination of seeds of Cucumis anguria L.

In negatively photoblastic seeds of Cucumis anguria L. the scarification of micropyle overcame the inhibitory effect of white light , although far-red radiation inhibited the germination in both intact and scarified seeds. The moistened testa powder transmitted more far-red than red radiation. Thus the testa could act as a filter of radiation and maintain a high far-red/red ratio at the photosensitive site of the embryo, which must be localized near the micropyle. © 1988 Academia.