These frictional costs will hit operating margins across all divisions driving them down significantly.
All this takes a lot of time, lots of time, and with lots of potential for frictional loss.
They also report results for no frictional trading in Figure 2, which brings the strategy results closer together.
Frictional drag means the air closest to the surface of the fuselage moves more slowly than the rest.
Still, the Russian stock market has considerably less transparency and more frictional costs than the New York Stock Exchange.
During braking, it becomes a generator, recapturing energy normally lost as frictional heat.
The technology works by reducing frictional resistance between the vessel hull and seawater using air bubbles along the bottom of the ship.
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One is the frictional cost of running a system like this--paying the salaries of the tax lawyers, the lobbyists, the hardworking bureaucrats like Sciscioli.
We normally end up thinking that this frictional unemployment is going to be 3 perhaps 4% of the labour force at any one time.
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The prof's New Economy spin was that frictional diminishing returns did not apply to software or Internet firms because of their tiny marginal unit costs.
Certain assumptions were made about frictional trading costs in each portfolio.
There will probably always be some frictional unemployment even in good times, but individual incentives on the supply side will keep pressing for employment individually and toward full employment collectively.
We have frictional unemployment.
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