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Massachusetts Institute of Technology
(490 results)-
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Measuring And Understanding Hierarchy As An Architectural Element In Industry Sectors
May 1, 2009, 12:00am PDT
Hierarchy is a generic structure in which levels are asymmetrically ordered. In an industry setting, classic supply chains display strict hierarchy, whereas clusters of firms have linkages going...
Provided by Massachusetts Institute of Technology
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Productivity Differences Between And Within Countries
July 1, 2009, 12:00am PDT
The authors document substantial within-country (cross-municipality) differences in incomes for a large number of countries in the Americas. A significant fraction of the within-country...
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Climate Shocks And Economic Growth: Evidence From The Last Half Century
November 1, 2008, 12:00am PDT
This paper uses annual variation in climate to examine the impact of temperature and precipitation on national economies. The authors find three primary results. First, higher temperatures...
Provided by Massachusetts Institute of Technology Department of Economics
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Heterogeneous Trade Costs And Wage Inequality
October 12, 2010, 12:00am PDT
The authors develop a model for analyzing the distributional effects of two phases of globalization and their interdependencies. They distinguish between a First Globalization, characterized by...
Provided by Massachusetts Institute of Technology Department of Economics
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An Elementary Theory Of Global Supply Chains
January 26, 2011, 12:00am PST
This paper develops an elementary theory of global supply chains. The authors consider a world economy with an arbitrary number of countries, one factor of production, a continuum of intermediate...
Provided by Massachusetts Institute of Technology Department of Economics
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Media Markets, Special Interests, And Voters
January 23, 2011, 12:00am PST
This paper examines the role of mass media in countering special interest group influence by studying county-level support for candidates to the US Senate from 1980 to 2002 as a function of media...
Provided by Massachusetts Institute of Technology Department of Economics
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The Political Economy Of Rural Property Rights And The Persistence Of The Dual Economy
November 18, 2010, 12:00am PST
If property rights in land are so beneficial, why are they not adopted more widely? The author proposes a theory based on the idea that limited property rights over peasants' plots may be...
Provided by Massachusetts Institute of Technology Department of Economics
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Cracks In The System: Repairing The Damaged Global Economy
December 1, 2008, 12:00am PST
The global economy is facing its worst crisis in 60 years. In the first half of the 2000s, a benign environment led investors, firms, and consumers to expect a permanently bright future and to...
Provided by Massachusetts Institute of Technology Department of Economics
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E-Ztax: Tax Salience And Tax Rates
September 1, 2008, 12:00am PDT
This paper examines whether the salience of a tax system affects equilibrium tax rates. The author analyzes how tolls change after toll facilities adopt Electronic Toll Collection (ETC); drivers...
Provided by Massachusetts Institute of Technology Department of Economics
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Capital Income Taxes With Heterogeneous Discount Rates
January 27, 2010, 12:00am PST
With heterogeneity in both skills and discount factors, the Atkinson-Stiglitz theorem that savings should not be taxed does not hold. The authors consider a model with heterogeneity of preferences...
Provided by Massachusetts Institute of Technology Department of Economics
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Pollution Permits And The Evolution Of Market Structure
November 1, 2010, 12:00am PDT
The authors explore the long run dynamic implications of subjecting an imperfectly competitive industry to market-based pollution regulation. They are particularly interested in understanding how...
Provided by Massachusetts Institute of Technology Department of Economics
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The Base For Direct Taxation
March 28, 2008, 12:00am PDT
'The Characteristics of a Good Tax Structure', is divided into six sections: Incentives and economic efficiency, Distributional effects, International aspects, Simplicity and costs of...
Provided by Massachusetts Institute of Technology Department of Economics
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Do Markets Reduce Costs? Assessing The Impact Of Regulatory Restructuring On U.S. Electric Generation Efficiency
September 1, 2007, 12:00am PDT
While neoclassical models assume static cost-minimization by firms, agency models suggest that firms may not minimize costs in less-competitive or regulated environments. The authors test this...
Provided by Massachusetts Institute of Technology Department of Economics
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Financial Distortions And The Distribution Of Global Volatility
November 10, 2010, 12:00am PST
A generic feature of financial frictions, whatever their origins may be, is to distort the allocation of funds to projects, causing some less productive projects to be funded while more productive...
Provided by Massachusetts Institute of Technology Department of Economics
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The Inefficiency Of Financial Intermediation In General Equilibrium
September 15, 2010, 12:00am PDT
In the presence of liquidity constraints, there are rents from supplying liquidity to constrained entrepreneurs. In partial equilibrium, when the price of inputs is fixed in terms of liquidity, a...
Provided by Massachusetts Institute of Technology Department of Economics
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Tournaments As Optimal Contracts
July 20, 2007, 12:00am PDT
The author considers a standard multi-agent moral hazard problem with an added assumption that puts an upper bound on wages. The author shows that when the distribution of the aggregate shock to...
Provided by Massachusetts Institute of Technology Department of Economics
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Frequency Estimation of Internet Packet Streams With Limited Space
January 1, 2011, 12:00am PST
The authors consider a router on the Internet analyzing the statistical properties of a TCP/IP packet stream. A fundamental difficulty with measuring traffic behavior on the Internet is that there...
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Designing a Caching-Based Reliable Multicast Protocol
January 25, 2008, 12:00am PST
With the increasing use of the Internet, multi-party communication and collaboration applications are becoming mainstream. This trend calls for high-performance multicast services that scale to...
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How General Are Risk Preferences? Choices Under Uncertainty In Different Domains
January 1, 2010, 12:00am PST
The authors examine the extent to which an individual's actual insurance and investment choices display a stable ranking in willingness to bear risk, relative to his peers, across different...
Provided by Massachusetts Institute of Technology Department of Economics
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Multiple Experiments For The Causal Link between The Quantity And Quality Of Children
July 8, 2009, 12:00am PDT
A longstanding question in the economics of the family is the relationship between family size and subsequent human capital formation and welfare. If there is a causal "Quantity-quality...
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Targeting The Poor: Evidence From A Field Experiment In Indonesia
January 1, 2011, 12:00am PST
This paper reports an experiment in 640 Indonesian villages that investigated three approaches to targeting the poor: Proxy-Means Tests (PMT), where a census of assets is used to predict...
Provided by Massachusetts Institute of Technology
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Temperature Shocks And Economic Growth: Evidence From The Last Half Century
December 1, 2009, 12:00am PST
This paper uses use historical fluctuations in temperature within countries to identify its effects on aggregate economic outcomes. The authors find three primary results. First, higher...
Provided by Massachusetts Institute of Technology
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Property Taxes Under "Classification": Why Do Firms Pay More?
June 29, 2010, 12:00am PDT
This paper examines how communities will behave if they are given the option of taxing the property of commercial establishments at different rates from residential housing. In the last 2 decades...
Provided by Massachusetts Institute of Technology Department of Economics
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What Will It Take To Restore The Housing Market?
February 20, 2009, 12:00am PST
This paper examines the causes of the run up in house prices between 1998 and 2006 and the subsequent fall. It is argued that two unique factors have been at work: a true "Bubble" in 2nd homes,...
Provided by Massachusetts Institute of Technology Department of Economics
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Inference For Parameters Defined By Moment Inequalities: A Recommended Moment Selection Procedure
September 1, 2008, 12:00am PDT
This paper is concerned with tests and confidence intervals for partially-identified parameters that are defined by moment inequalities and equalities. In the literature, different test...
Provided by Massachusetts Institute of Technology Department of Economics
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Matching With Couples: Stability And Incentives In Large Markets
May 1, 2010, 12:00am PDT
Accommodating couples has been a longstanding issue in the design of centralized labor market clearinghouses for doctors and psychologists, because couples view pairs of jobs as complements. A...
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Speculative Attacks And Risk Management
August 3, 2007, 12:00am PDT
The paper builds a simple, micro-founded model of exchange rate management, speculative attacks, and exchange rate determination. The country may defend a peg in an attempt to signal a strong...
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Financial Integration, Entrepreneurial Risk And Global Dynamics
October 2, 2010, 12:00am PDT
This paper investigates within a two-country, general equilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk - a risk that introduces, not only...
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Dispersed Information Over The Business Cycle: Optimal Fiscal And Monetary Policy
October 23, 2008, 12:00am PDT
The authors study how the heterogeneity of information impacts the efficiency of the business cycle and the design of optimal fiscal and monetary policy. They do so within a model that features a...
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Robust Predictions In Global Games With Multiple Equilibria: Defense Policies Against Currency Attacks
August 16, 2008, 12:00am PDT
This paper studies defense policies in a global-game model of speculative currency attacks. The central bank intervenes by raising domestic interest rates, or otherwise raising the cost of...
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When Optimists Need Credit: Asymmetric Disciplining Of Optimism And Implications For Asset Prices
May 30, 2010, 12:00am PDT
Heterogeneity of beliefs has been suggested as a major contributing factor to the recent financial crisis. This paper theoretically evaluates this hypothesis. The author assumes that optimists...
Provided by Massachusetts Institute of Technology Department of Economics
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Moral Hazard And Efficiency in General Equilibrium With Anonymous Trading
April 26, 2010, 12:00am PDT
A "Folk theorem" originating, among others, in the work of Stiglitz maintains that competitive equilibrium are always or "Generically" inefficient. This paper critically reevaluates these claims...
Provided by Massachusetts Institute of Technology Department of Economics
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Sudden Financial Arrest
November 8, 2009, 12:00am PST
There are striking and terrifying similarities between the sudden failure of a heart and that of a financial system. In the medical literature, the former is referred to as a Sudden Cardiac Arrest...
Provided by Massachusetts Institute of Technology Department of Economics
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Fire Sales In A Model Of Complexity
July 14, 2010, 12:00am PDT
In this paper the authors present a model of fire sales and market breakdowns, and of the financial amplification mechanism that follows from them. The distinctive feature of the model is the...
Provided by Massachusetts Institute of Technology Department of Economics
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Crisis And Reform: Managing Systemic Risk
March 31, 2010, 12:00am PDT
Severe financial crises not only involve "Turbulence" but also the dramatic reaction of economic agents to the unknown. Perceived complexity builds up quickly and economic agents lose their...
Provided by Massachusetts Institute of Technology Department of Economics
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Discussion Of "Global Imbalances And The Financial Crisis: Products Of Common Causes"
October 19, 2009, 12:00am PDT
One of the main global economic concerns before the financial crisis was the presence of large "Global imbalances," which refer to the massive and persistent current account deficits experienced...
Provided by Massachusetts Institute of Technology Department of Economics
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On The Role Of Financial Frictions And The Saving Rate During Trade Liberalizations
September 10, 2009, 12:00am PDT
The authors study how financial frictions and the saving rate shape the long-run effects of trade liberalization on income, consumption and the distribution of wealth in financially underdeveloped...
Provided by Massachusetts Institute of Technology Department of Economics
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Public-Private Partnerships For Liquidity Provision
March 4, 2009, 12:00am PST
In this paper, the government must step to the plate by either replacing the missing insurance markets, or by supporting private insurance provision. The authors study the case of a bank with pro...
Provided by Massachusetts Institute of Technology Department of Economics
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Inflating The Beast: Political Incentives Under Uncertainty
June 1, 2008, 12:00am PDT
The standard view of the political economy of public debt is that myopic and un-constrained politicians prefer to disregard intertemporal smoothing considerations and extract political rents as...
Provided by Massachusetts Institute of Technology Department of Economics
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A Global Equilibrium Model Of Sudden Stops And External Liquidity Management
September 7, 2007, 12:00am PDT
Emerging market economies, which have much of their growth ahead of them, either run or should run persistent current account deficits in order to smooth consumption intertemporally. The...
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Demonstration of Multi-Robot Search and Secure
December 29, 2010, 12:00am PST
The authors consider the search and secure problem, where intruders are to be detected in a bounded area without allowing them to escape. The problem is tackled by representing the area to be...
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Securing the Borealis Data Stream Engine
January 1, 2011, 12:00am PST
As Data Stream Management Systems (DSMSs) become more and more popular, there is an increasing need to protect such systems from adversaries. In this paper the authors present an approach to...
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Interference-Resilient Information Exchange
January 22, 2009, 12:00am PST
The authors study the problem of reliable information exchange in a multi-channel single-hop radio network subject to unpredictable interference. Each device begins the execution with a value that...
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No Bits Left Behind
January 6, 2011, 12:00am PST
One of the key tenets of database system design is making efficient use of storage and memory resources. However, existing database system implementations are actually extremely wasteful of such...
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The Click Modular Router
January 1, 2011, 12:00am PST
Click is a new software architecture for building flexible and configurable routers. A Click router is assembled from packet processing modules called elements. Individual elements implement...
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Design and Performance of Multipath MIN Architecture
November 8, 2009, 12:00am PST
In this paper, the authors discuss the use of multipath Multistage Interconnection Networks (MINs) in the design of a fault-tolerant parallel computer. Multipath networks have multiple paths...
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Practical Verification Techniques for Wide-Area Routing
January 1, 2011, 12:00am PST
Protocol and system designers use verification techniques to analyze a system's correctness properties. Network operators need verification techniques to ensure the "Correct" operation of BGP....
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Guidelines for Interdomain Traffic Engineering
January 1, 2011, 12:00am PST
Network operators must have control over the flow of traffic into, out of, and across their networks. However, the Border Gateway Protocol (BGP) does not facilitate common traffic engineering...
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Detecting BGP Configuration Faults With Static Analysis
January 1, 2011, 12:00am PST
The Internet is composed of many independent Autonomous Systems (ASes) that exchange reachability information to destinations using the Border Gateway Protocol (BGP). Network operators in each AS...
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An Empirical Study of "Bogo" Route Advertisements
January 1, 2011, 12:00am PST
An important factor in the robustness of the inter-domain routing system is whether the routers in Autonomous Systems (ASes) filter routes for "Bogon" address space - i.e., private address space...
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Robust Routing for Local Area Optical Access Networks
April 27, 2010, 12:00am PDT
One approach to providing the benefits of the high data rates afforded by optics is to attempt to implement traditional electronic and electro-optic approaches using optical technologies. In...
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Whanau: A Sybil-Proof Distributed Hash Table
March 12, 2010, 12:00am PST
Decentralized systems on the Internet are vulnerable to the "Sybil attack", in which an adversary creates numerous false identities to influence the system's behavior. This problem is particularly...
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Delay in Random Access Wireless Networks With Controlled Mobility
January 1, 2011, 12:00am PST
This paper considers dynamic wireless networks where messages arriving randomly (in time and space) are collected by a mobile receiver. The messages are transmitted to the mobile receiver...
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Optimal Path Planning for Mobile Backbone Networks
February 18, 2008, 12:00am PST
Mobile Backbone Networks are heterogeneous wireless networks in which a subset of the nodes are more capable than others. The more capable nodes are referred to as Mobile Backbone Nodes (MBNs),...
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Local Pooling Conditions for Joint Routing and Scheduling
January 2, 2008, 12:00am PST
A major challenge in the design and operation of wireless networks is to jointly route packets and schedule transmissions to efficiently share the common spectrum among links in the same area. Due...
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Throughput Optimal Scheduling in the Presence of Heavy-Tailed Traffic
September 30, 2010, 12:00am PDT
The authors investigate the tail behavior of the steady-state queue occupancies under throughput optimal scheduling in the presence of heavy-tailed traffic. They consider a system consisting of...
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A State Action Frequency Approach to Throughput Maximization Over Uncertain Wireless Channels
January 8, 2011, 12:00am PST
The authors consider scheduling over a wireless system, where the channel state information is not available a priori to the scheduler, but can be inferred from the past. Specifically, the...
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A Robust Optimization Approach to Backup Network Design With Random Failures
January 10, 2011, 12:00am PST
This paper presents a scheme in which a dedicated backup network is designed to provide protection from random link failures. Upon a link failure in the primary network, traffic is rerouted...
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Queue Length Asymptotics for Generalized Max-Weight Scheduling in the Presence of Heavy-Tailed Traffic
January 12, 2011, 12:00am PST
Traditionally, traffic in telecommunication networks has been modeled using Poisson and Markov-modulated processes. These simple traffic models exhibit 'Local randomness', in the sense that much...
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Analysis and Algorithms for Partial Protection in Mesh Networks
January 13, 2011, 12:00am PST
Mesh networks supporting data rates of multiple gigabytes per second are being deployed to meet the increasing demands of the telecom industry. As data rates continue to increase, the failure of a...
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Scheduling in Parallel Queues With Randomly Varying Connectivity and Switchover Delay
January 12, 2011, 12:00am PST
The authors consider a dynamic server control problem for two parallel queues with randomly varying connectivity and server switchover delay between the queues. At each time slot the server...
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Dynamic Vehicle Routing for Data Gathering in Wireless Networks
August 30, 2010, 12:00am PDT
There has been a significant amount of interest in performance analysis of mobility assisted wireless networks in the last decade (e.g., [15], [24] - [28]). Typically, throughput and delay...
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Minimizing Transmission Energy in Sensor Networks Via Trajectory Control
April 17, 2010, 12:00am PDT
Energy optimization is a significant component of Wireless Sensor Network (WSN) design. In this paper the authors consider transmission energy optimization in WSNs where messages are collected by...
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Network Reliability With Geographically Correlated Failures
December 18, 2009, 12:00am PST
Fiber-optic networks are vulnerable to natural disasters, such as tornadoes or earthquakes, as well as to physical failures, such as an anchor cutting underwater fiber cables. Such real-world...
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Optimal Control of Wireless Networks With Finite Buffers
December 18, 2009, 12:00am PST
Design of low delay wireless networks that optimally utilize the network capacity is one of the most important problems in network theory and engineering. Since the seminal paper of Tassiulas and...
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The Impact of Queue Length Information on Buffer Overflow in Parallel Queues
September 24, 2009, 12:00am PDT
The authors consider a system consisting of N parallel queues, served by one server. Time is slotted, and the server serves one of the queues in each time slot, according to some scheduling...
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Scheduling Policies for Single-Hop Networks With Heavy-Tailed Traffic
December 22, 2009, 12:00am PST
The area of control of communication networks is one of the most active and fruitful fields of research in recent years, including several elaborate and interconnected forms of control, such as...
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Lightpath Routing and Capacity Assignment for Survivable IP-Over-WDM Networks
August 13, 2009, 12:00am PDT
In IP-over-WDM networks the logical topology consists of a set of lightpaths that are routed on top of the physical fiber topology. Hence a single fiber cut can lead to multiple logical link...
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Autonomous Routing Algorithms for Networks With Wide-Spread Failures
August 29, 2009, 12:00am PDT
The authors study end-to-end delay performance of different routing algorithms in networks with random failures. Specifically, they compare delay performances of Differential Backlog (DB) and...
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Simultaneous Placement and Assignment for Exploration in Mobile Backbone Networks
September 5, 2008, 12:00am PDT
This paper presents new algorithms for conducting cooperative sensing using a mobile backbone network. This hierarchical sensing approach combines backbone nodes, which have superior mobility and...
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Optimization of Mobile Backbone Networks: Improved Algorithms and Approximation
February 25, 2008, 12:00am PST
This paper presents new algorithms for throughput optimization in mobile backbone networks. This hierarchical sensing approach combines mobile backbone nodes, which have superior mobility and...
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Causal Perception in Virtual Reality and Its Implications for Presence Factors
December 1, 2007, 12:00am PST
Causality is an important aspect of how the authors construct reality. Yet, while many psychological phenomena have been studied in their relation to Virtual Reality (VR), very little work has...
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Immersive Journalism: Immersive Virtual Reality for the First-Person Experience of News
August 1, 2010, 12:00am PDT
This paper introduces the concept and discusses the implications of immersive journalism, which is the production of news in a form in which people can gain first person experiences of the events...
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Wealth Accumulation And Factors Accounting For Success
February 1, 2010, 12:00am PST
The authors use detailed income, balance sheet, and cash flow statements constructed for households in a long monthly panel in an emerging market economy, and some recent contributions in economic...
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Gasping for AIR - Why We Need Linked Rules and Justifications on the Semantic Web
April 16, 2011, 12:00am PDT
The Semantic Web is a distributed model for publishing, utilizing and extending structured information using Web protocols. One of the main goals of this technology is to automate the retrieval...
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World Wide Web Without Walls
August 24, 2007, 12:00am PDT
Although the Web is ever more interesting, it is still - despite the opinions of gushing commentators - fragmented and insufficient. The Web 2.0 ethos - to acquire, control, and "Monetize" users'...
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Cabernet: A Content Delivery Network for Moving Vehicles
January 17, 2008, 12:00am PST
This paper describes the design, implementation, and evaluation of Cabernet, a system to deliver data to and from moving vehicles using open 802.11 (WiFi) access points encountered...
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WaveScript: A Case-Study in Applying a Distributed Stream-Processing Language
January 31, 2008, 12:00am PST
Applications that combine live data streams with embedded, parallel, and distributed processing are becoming more commonplace. WaveScript is a domain-specific language that brings high-level,...
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Finding Bugs in Web Applications Using Dynamic Test Generation and Explicit State Model Checking
March 26, 2009, 12:00am PDT
Web script crashes and malformed dynamically-generated web pages are common errors, and they seriously impact the usability of web applications. Current tools for web-page validation cannot handle...
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Fragment Grammars: Exploring Computation and Reuse in Language
March 31, 2009, 12:00am PDT
Language relies on a division of labor between stored units and structure building operations which combine the stored units into larger structures. This division of labor leads to a tradeoff:...
Provided by Massachusetts Institute of Technology
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