作者：DeVany, A; Walls, WD
作者单位：University of Hong Kong
摘要：Audiences discover what films they like and spread the word. Information feedback produces Bose-Einstein dynamics in the motion picture box office revenue distribution. Information cascades generate box office 'hits' and 'flops'. The revenue distribution evolves recursively over the 'run' as a mixture of the 'opening' and a stochastic competition among films. The motion picture run is decentralised, adaptive, and self-organising: semi-stationary admission prices, local information, and conting...
作者：Main, BGM; Bruce, A; Buck, T
作者单位：University of Nottingham
摘要：Using a hitherto neglected source of data, this paper combines executive emoluments with executive share options to construct a broader measure of executive pay than has been possible in earlier British studies. The result of including the long-term share option component of pay along with the more commonly utilised short-term component of emoluments is to reveal executive pay as being significantly more sensitive to company performance than has previously been thought to be the case. The pape...
作者：Calvo, GA; Vegh, CA
作者单位：University of California System; University of California Los Angeles
摘要：In high inflation countries, policymakers often end up paying interest an part of the money supply. Higher interest rates on money have been used as a disinflationary policy. This paper analyses the effectiveness of such a policy in the context of a closed-economy, staggered-prices model. Both a permanent and a temporary rise in the interest rate on money provoke an initial fall in inflation, at the expense of a recession. When the rise is temporary, however, the initial inflation slowdown is'...
