5,764 research outputs found

    Euro public debt and the markets: sovereign fundamentals and CDS market dynamics.

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    At the onset of the crisis, euro area – like all Organisation for Economic Co-operation and Development (OECD) countries – public finances have massively inflated, as is typical in financial crises. The major difference with the past is threefold: the synchronicity across countries of the increase, the debt levels which have been reached; and the existence of credit default swap (CDS) market which has influenced the dynamic of sovereign trading. In this note, we review quickly fundamentals before highlighting the role of the CDS market and the implications for sovereign trading.

    Naked Exclusion: Towards a Behavioral Approach to Exclusive Dealing

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    We report experimental results on exclusive dealing inspired by the literature on "naked exclusion". Our key findings are: First, exclusion of a more efficient entrant is a widespread phenomenon in lab markets. Second, allowing incumbents to discriminate between buyers increases exclusion rates compared to the non-discriminatory case only when payments to buyers can be offered sequentially and secretly. Third, allowing discrimination does not lead to significant decreases in costs of exclusion. Accounting for the observation that buyers are more likely to accept an exclusive deal the higher is the payment, substantially improves the fit between theoretical predictions and observed behavior.exclusive dealing;entry deterrence;foreclosure;contracts;externalities;coordination;experiments

    High pressure cosmochemistry applied to major planetary interiors: Experimental studies

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    The measurement of equilibria in binary fluid-solid systems in diamond anvil cells, represents a major advance of the art of high-pressure experimentation. Vibrational spectroscopy, direct visual observations, and X-ray diffraction crystallography of materials confined in externally heated cells are the primary experimental probes being used. Adiabats in these systems are being measured in order to constrain models of heat flow in these bodies and to detect phase transitions by thermal anomalies. Other studies are directed toward interpreting high pressure reactions in these systems that are suggested by shockwave measurements, and developing methods for reaching high temperatures and high pressures of planetary interest in diamond cells. The overall objective of this project is to determine the properties of the H2-He-H2O-HN3-CH4 system and related small-molecule systems that are needed to constrain theoretical models of the interiors of the major planets

    High pressure cosmochemistry applied to major planetary interiors: Experimental studies

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    The overall goal of this project is to determine properties of the H-He-C-N-O system, as represented by small molecules composed of these elements, that are needed to constrain theoretical models of the interiors of the major planets. Much of our work now concerns the H2O-NH3 system. This project is the first major effort to measure phase equilibria in binary fluid-solid systems in diamond anvil cells. Vibrational spectroscopy, direct visual observations, and X-ray crystallography of materials confined in externally heated cells are our primary experimental probes. We also are collaborating with the shockwave physics group at Lawrence Livermore Laboratory in studies of the equation of state of a synthetic Uranus fluid and molecular composition of this and other H-C-N-O materials under planetary conditions

    The Five Armageddons of Revelation

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    They’ve Outlawed Sex in Europe

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    D. H. Lawrence’s ‘Men Must Work and Women as Well’ in Aldous Huxley’s Brave New World.

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    The article presents an examination of an allusion to the work of the 20th-century English author D. H. Lawrence within the 1929 novel Brave New World, by Aldous Huxley. Introductory details are offered relating the friendship between Huxley and Lawrence. Specific instances of references to Lawrence\u27s essay Men Must Work and Women as Well, within Huxley\u27s dystopian novel are then identified and explained

    The Soul Lives On

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    Pickett v. Woods, 404 So. 2d 1152 (Fla. 5th DCA 1981)

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    Aviation Law-FLORIDA\u27S ANTITECHNICAL STATUTE: SHOULD INSURANCE EXCLUSIONS BE INCLUDED
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