This paper integrates elements from the theory of agency, the theory of property rights and the theory of finance to develop a theory of the ownership structure of the firm. We define the concept of agency costs, show its relationship to the ‘separation and control’ issue, investigate the nature

node is physically located in a network is a challenging one, and yet extremely crucial for many of these applications. Practical considerations such as the small size, form factor, cost and power constraints of nodes preclude the reliance on GPS (Global Positioning System) on all nodes

such a demeaning im-age of the teacher's capacities ori-ginate? How long have we been bur-dened by assumptions of ignorance and ineptitude within the teaching corps? Is Shaw to be treated as the last word on what teachers know and don't know, or do and can't do? Yesterday

, regardless of the often large differences in throughput among those paths, and ignoring the possibility that a longer path might offer higher throughput. This

-tics are ignored. However, recognition of autocorrelation in daily excess returns and changes in their variance conditional on an event can sometimes be advantageous. In addition, tests ignoring cross-sectional dependence can be well-specified and have higher power than tests which account for potential dependence

This paper proposes a new theory of the relationship between the sentence processing mechanism and the available computational resources. This theory -- the Syntactic Prediction Locality Theory (SPLT) -- has two components: an integration cost component and a component for the memory cost

-late. Often there is no feasible method to recharge motes, so energy is a precious resource. Once deployed, a network must be reprogrammable although physically unreachable, and this reprogramming can be a significant energy cost. We present Maté, a tiny communication-centric virtual machine designed

We survey 392 CFOs about the cost of capital, capital budgeting, and capital structure. Large firms rely heavily on present value techniques and the capital asset pricing model, while small firms are relatively likely to use the payback criterion. We find that a surprising number of firms use

covered include: the choice of cost function and robustness; numerical optimization including sparse Newton methods, linearly convergent approximations, updating and recursive methods; gauge (datum) invariance; and quality control. The theory is developed for general robust cost functions rather than

/packet of routing packets by 5-30% over shortest-hop routing (this cost reduction is on top of a 40-70% reduction in energy consumption obtained by using PAMAS, our MAC layer protocol). Furthermore, using these new metrics ensures that the mean time to node failure is increased significantly. An interesting