scholarly journals Technology Choices in the U.S. Electricity Industry before and after Market Restructuring

2017 ◽  
Author(s):  
Zsuzsanna Csereklyei
Author(s):  
TAKAAKI OHNISHI ◽  
TAKAYUKI MIZUNO ◽  
CHIHIRO SHIMIZU ◽  
TSUTOMU WATANABE

How can we detect real estate bubbles? In this paper, we propose making use of information on the cross-sectional dispersion of real estate prices. During bubble periods, prices tend to go up considerably for some properties, but less so for others, so that price inequality across properties increases. In other words, a key characteristic of real estate bubbles is not the rapid price hike itself but a rise in price dispersion. Given this, the purpose of this paper is to examine whether developments in the dispersion in real estate prices can be used to detect bubbles in property markets as they arise, using data from Japan and the U.S. First, we show that the land price distribution in Tokyo had a power-law tail during the bubble period in the late 1980s, while it was very close to a lognormal before and after the bubble period. Second, in the U.S. data we find that the tail of the house price distribution tends to be heavier in those states which experienced a housing bubble. We also provide evidence suggesting that the power-law tail observed during bubble periods arises due to the lack of price arbitrage across regions.


2009 ◽  
Vol 3 (3) ◽  
pp. 273-310 ◽  
Author(s):  
RUTH SARA LONGOBARDI

AbstractJohn Adams's opera The Death of Klinghoffer stages the 1985 hijacking of the cruise ship Achille Lauro. This essay proposes that the representations of Palestinian hijackers in three different productions show the opera reinventing itself before and after 9/11, when Arab identity hovers ambiguously in the U.S. Imaginary. Analyses focus in particular on distinct forms of collaboration among artists and media. In 1991 thorny associations among media produce an ambiguous Arab subject that reflects, and encourages, a capability for dialogue around the topic of terrorism. By contrast, two productions in 2003 rely on film and photograph to situate rigidly delineated Palestinian characters—demonstrating a dependency on visual media and a consequent highlighting of race that may be emblematic of a post-9/11 era. The essay concludes that different forms of collaboration in The Death of Klinghoffer can be approached as a microcosm of social and political interactions taking place far beyond the opera proper.


Author(s):  
Allan Antliff

I examine anarchist debates in the U.S. concerning revolutionary violence before and after America joined the conflict in April, 1917, the strategies adopted by movement artists to address Statist violence and the cataclysm of war, and critiques of Communist violence during the Russian Revolution. Topics include reporter-artist Robert Minor's war coverage in the mass circulation New York Call newspaper (1915-16); Man Ray's 1914 painting War AD MCMXIV; the print portfolio Seven Ages of Man (1918) by Rockwell Kent; and critiques of war, capitalism and the State in the Blast, Mother Earth, Revolt and other publications. I track the ways in which anarchists, working across different sites of social engagement, condemned war as a Statist institution while promoting revolutionary violence in aesthetic terms as path to anarchism.


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