Structure determination of new algal toxins using NMR methods

Shellfish are considered a delicacy by many consumers. In NZ, as in many overseas countries, there is a now thriv¬ing shellfish industry servicing both domestic and inter-national markets. Periodically shellfish accumulate harm¬ful levels of a variety of algal toxins, including domoic acid, yessotoxins, pectenotoxins and brevetoxins. When this occurs, regulatory authorities may impose harvesting closures which have a consequential economic impact on both farmers and staff employed to harvest and market shellfish products

Precautionary saving and precautionary wealth

This is an entry for The New Palgrave Dictionary of Economics, 2nd Ed. JEL Klassifikation: C61, D11, E2

Windage measurements in a rotor stator cavity with rotor mounted protrusions and bolts

This paper reports an experimental investigation of the windage associated with enclosed rotor-stator systems with superposed throughflow, as commonly found in gas turbine engines. The term windage is often used to describe the viscous heating that arises from the interaction of surfaces and fluids in rotating disc systems. Since the presence of circumferentially discreet geometric features strongly alters the magnitude of Windage measured, the physical mechanisms collectively referred to as windage in this paper are separately described as part of the discussion of results. Tests have been carried out to measure windage directly in the form of shaft torque and also rotor surface temperature. Non-dimensional flow parameters are used to expand the relevance of the data obtained, which encompasses the ranges 0.17 x 107 ≤ Reφ ≤ 1.68 x 107and 0.24 x 105 ≤ Cw ≤ 1.06 x 105 which corresponds to 0.058 ≤ λT ≤ 0.631. Data has been obtained for smooth disc geometry and also with rotor mounted protrusions of N = 3, 9 and 18; D = 10 mm, 13 mm and 16 mm diameter; H = 11 mm, high, hexagonal bolt shaped protrusions. Bi-hexagonal (twelve sided) bolts of D = 13 mm effective diameter, and height, H = 11mm, were also tested with conditions closely matched to the 13 mm hexagonal bolts. Finally, tests with 10 mm diameter, 6 mm deep, pockets were also carried out. Over the range of conditions and geometries tested, increasing the number of bolts increases the moment coefficient and windage heating. At low values of turbulent flow parameter, λT, which correspond to rotational speeds between 8000 and 10000 rev/min, increasing the diameter of the bolts shows a clear trend for both increased windage torque and average disc temperature rise. For these conditions, there also appears to be a clear reduction in windage and temperature rise with the bi-hexagonal shaped bolts compared to the equivalent diameter hexagonal bolt form. Variation in the moment coefficient with the number and diameter of bolts is attributed to variations in form drag between the different configurations. The introduction of the recesses onto the disc has very little effect on either windage heating or moment coefficient; this is attributed to the component of windage mechanism in operation and also the relatively small size in comparison to the protrusions studied here. This work contributes to the understanding of windage in gas turbines by introducing new low uncertainty data obtained at engine representative conditions and as such is of benefit to those involved with the design of internal air systems and disc fixture

Do Flexible Durable Goods Prices Undermine Sticky Price Models?

The “neoclassical synthesis” sticky price model exhibits strange behavior when augmented with markets for durable goods with flexible prices. While in the data the output of durable goods responds strongly and positively to a loosening of monetary policy, in dynamic general equilibrium models a monetary expansion causes the output of flexibly priced durables to contract. In an instructive special case in which the only sticky prices are those of nondurables, the negative co-movement of durable and nondurable output exactly offsets and the behavior of aggregate output in the model is very similar to that of a model with fully flexible prices. This neutrality result is special, but the perverse response of durables to monetary policy is highly robust. The reason for the co-movement problem is the combination of a naturally high intertemporal elasticity of substitution for the purchases of durables and temporarily high factor prices associated with an economic expansion.sticky-prices durables comovement neutrality

Liquidity Constraints and Precautionary Saving

Economists working with numerical solutions to the optimal consumption/saving problem under uncertainty have long known that there are quantitatively important interactions between liquidity constraints and precautionary saving behavior. This paper provides the analytical basis for those interactions. First, we explain why the introduction of a liquidity constraint increases the precautionary saving motive around levels of wealth where the constraint becomes binding. Second, we provide a rigorous basis for the oft-noted similarity between the effects of introducing uncertainty and introducing constraints, by showing that in both cases the effects spring from the concavity in the consumption function which either uncertainty or constraints can induce. We further show that consumption function concavity, once created, propagates back to consumption functions in prior periods. Finally, our most surprising result is that the introduction of additional constraints beyond the first one, or the introduction of additional risks beyond a first risk, can actually reduce the precautionary saving motive, because the new constraint or risk can hide' the effects of the preexisting constraints or risks.

Evidence against memorial facilitation and context-dependent memory effects through the chewing of gum

The experiment examined the prediction that chewing gum at learning and/or recall facilitated subsequent word recall. Chewing gum at learning significantly impaired recall, indicating that the chewing of gum has a detrimental impact upon initial word encoding. In addition, a context-dependent memory effect was reported for those participants who both learned and recalled in the absence of gum, however a context dependent effect was not found with chewing gum. The findings contradict previous research