The cycle frosting and defrosting performance of two types of microchannel heat exchangers were investigated. All the processes were observed using a CCD camera to better understand the cycle frost mechanism. Ice blockage formed in the fin root gaps of the horizontal-tube sample because of water...

Aiming at developing exhaust gas-driven automobile air conditioners, two types of systems varying in heat carriers were preliminarily designed. A new hydride pair LaNi4.61Mn0.26Al0.13/La0.6Y0.4Ni4.8Mn0.2 was developed working at 120–200°C/20–50°C/−10–0°C. P-C isotherms and reaction...

We study the implication of the standard principal-agent theory developed by Holmstrom and Milgrom (1987) on the endogenous matching of CEO and firm. We show that a CEO with low disutility of effort, low risk aversion, or both should manage a safer firm in the matching equilibrium, and that a...

Safer firms receive funding from reputable venture capitalists and offer new securities underwritten by reputable investment banks. We offer a new explanation for these facts employing a moral-hazard model in which a firm and an agent are matched endogenously. More reputable agent's effort has a...

Consider an all-pay auction with interdependent, affiliated valuations and private budget constraints. We characterize a symmetric equilibrium for the case of two players. In contrast with the second-price auction, making budgets more severe can depress the bids of unconstrained bidders

This paper studies the aggregate consequences of individual learning in the labor market. Specifically, I examine this issue in a model of directed search on the job. Once matched, a firm-worker pair gradually learns the match-specific quality, taking the history of realized production as...