Tertiary education in the U.S. requires large investments that are risky, lumpy, and well-timed. Tertiary education is also heavily subsidized. By making the risk of human capital investment more acceptable, especially to low wealth households, subsidies may increase investment in human capital, lower long-run inequality, and reduce aggregate precautionary savings. However, subsidies also encourage more poorly prepared students to attend and are usually financed via distortionary taxes. In this paper, we find that observed collegiate subsidies improve welfare substantially relative to the fully decentralized (zero subsidy) outcome. We show that subsidies help smooth consumption, lower skill premia, increase interest rates as precautionary savings fall, lower the inequality of both consumption and wealth, increase intergenerational income mobility and raise welfare, even when financed by distortionary taxes.

/pdf/risky-higher-education-and-subsidies-47tl7qedl0.pdf

Risky Higher Education and Subsidies

As onshore quality wind resource is drained, it has come into the era that offshore wind power is the most promising field in wind power industry. The key technology and development trend of power prediction, condition monitoring, integration mode, system characteristic and other aspects, is summarized in the paper. The latest technology of integration topology and the unique technology of offshore wind power are focused on, and the development prospect and technology trend about offshore wind power are discussed and expected.

Overview on Integration Characteristics of Offshore Wind Power

Chapter 3. Conflict Escalation: Developing a Systems Theoretical Framework

Prologue

Chapter 7. Reviewing the Case Studies

复阻抗网络等效复阻抗的研究通常比较复杂，本文基于已获得的2 × n阶纯电阻网络等效电阻的普适规律，对2 × n阶网络等效复阻抗进行了详细研究，根据等效电阻规律的复数分析，得到了2 × n阶LC网络输入端等效复阻抗的一系列普适规律，获得了一些新的结论，研究发现在一定条件下等效复阻抗随阶数n变化而具有振荡特性和混沌特性。 The research in equivalent resistance of resistance network is usually quite complex. Based on the acquired universal law of pure 2 × n-rank equivalent resistance, a detailed study of the equivalent resistance of 2 × n-rank has been made. The complex analysis on the basis of the equivalent resistance law provides a series of general formulae of input equivalent resistance in 2 × n-rank LC network. A new conclusion has been reached: under certain conditions, the equivalent resistance has the feature of oscillation and chaotic with the change of variable n.

2 × n阶LC网络等效复阻抗研究 A General Study on Equivalent Resistance of 2 × n-Rank LC Network

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2 × n阶LC网络等效复阻抗研究 A General Study on Equivalent Resistance of 2 × n-Rank LC Network

王 德华

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2 × n阶LC网络等效复阻抗研究 A General Study on Equivalent Resistance of 2 × n-Rank LC Network

王德华