Principal-Agent Problem with Minimum Performance Insurance

A minimum performance insurance in the Principal-Agent problem is wealth reducing to the principal. This result points to further inefficiencies in mandatory individual Pension Funds' contracts, particularly the one established in the 1993's 100th Law in Colombia.Incentives, Agency Theory, Pensions. Classification JEL: D86; D82; G23.

The dependence of strange hadron multiplicities on the speed of hadronization

Hadron multiplicities are calculated in the ALCOR model for the Pb+Pb collisions at CERN SPS energy. Considering the newest experimental results, we display our prediction obtained from the ALCOR model for stable hadrons including strange baryons and anti-baryons.Comment: 8 pages, LaTeX in IOP style, appeared in the Proceedings of Strangeness'97 Conference, Santorini, April 14-18 1997, J. of Physics G23 (1997) 194

Simple torsion test for shear moduli determination of orthotropic composites

By means of torsion tests performed on test specimens of the same material having a minimum of two different cross sections (flat sheet of different widths), the effective in-plane (G13) and out-of-plane (G23) shear moduli were determined for two composite materials of uniaxial and angleply fiber orientations. Test specimens were 16 plies (nominal 2 mm) thick, 100 mm in length, and in widths of 6.3, 9.5, 12.5, and 15.8 mm. Torsion tests were run under controlled deflection (constant angle of twist) using an electrohydraulic servocontrolled test system. In-plane and out-of-plane shear moduli were calculated from an equation derived in the theory of elasticity which relates applied torque, the torsional angle of twist, the specimen width/thickness ratio, and the ratio of the two shear moduli G13/G23. Results demonstrate that torsional shear moduli, G23 as well as G13, can be determined by simple torsion tests of flat specimens of rectangular cross section. Neither the uniaxial nor angleply composite material were transversely isotropic

On the Connectivity of the Sylow Graph of a Finite Group

The Sylow graph $\Gamma(G)$ of a finite group $G$ originated from recent investigations on the so--called $\mathbf{N}$--closed classes of groups. The connectivity of $\Gamma(G)$ was proved only few years ago, involving the classification of finite simple groups, and the structure of $G$ may be strongly restricted, once information on $\Gamma(G)$ are given. The first result of the present paper deals with a condition on $\mathbf{N}$--closed classes of groups. The second result deals with a computational criterion, related to the connectivity of $\Gamma(G)$.Comment: 8 pp. with Appendix; Fundamental revisions have been don

Periodicity and Growth in a Lattice Gas with Dynamical Geometry

We study a one-dimensional lattice gas "dynamical geometry model" in which local reversible interactions of counter-rotating groups of particles on a ring can create or destroy lattice sites. We exhibit many periodic orbits and and show that all other solutions have asymptotically growing lattice length in both directions of time. We explain why the length grows as $\sqrt{t}$ in all cases examined. We completely solve the dynamics for small numbers of particles with arbitrary initial conditions.Comment: 18 pages, LaTe

Novikov algebras and a classification of multicomponent Camassa-Holm equations

A class of multi-component integrable systems associated to Novikov algebras, which interpolate between KdV and Camassa-Holm type equations, is obtained. The construction is based on the classification of low-dimensional Novikov algebras by Bai and Meng. These multi-component bi-Hamiltonian systems obtained by this construction may be interpreted as Euler equations on the centrally extended Lie algebras associated to the Novikov algebras. The related bilinear forms generating cocycles of first, second and third order are classified. Several examples, including known integrable equations, are presented.Comment: V2: some comments and references are adde