With nominal wage rigidities, it is crucial to distinguish whether wages are set by workers or firms — whether we have monopoly or monopsony power. This paper provides a model of monopsony power in the labour market and a monopsonistic Phillips Curve. If w ...
The feedback sum-rate capacity is established for the symmetric J -user Gaussian multiple-access channel (GMAC). The main contribution is a converse bound that combines the dependence-balance argument of Hekstra and Willems (1989) with a variant of the f ...
The zaojing is an ancient Chinese construction system consisting of a dome-shaped assembly of interlocked wooden pieces. These structures are placed above live performance spaces to enhance sound diffusion while creating background scenery. Existing zaojin ...
This thesis studies the valuation and hedging of financial derivatives, which is fundamental for trading and risk-management operations in financial institutions. The three chapters in this thesis deal with derivatives whose payoffs are linked to interest ...