117 research outputs found

    NO COTIDIANO DA INOVAÇÃO E A INOVAÇÃO NO COTIDIANO DA PRÁTICA PEDAGÓGICA EM EDUCAÇÃO FÍSICA

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    NO COTIDIANO DA INOVAÇÃO E A INOVAÇÃO NO COTIDIANO DA PRÁTICA PEDAGÓGICA EM EDUCAÇÃO FÍSIC

    Critical Behavior of the Conductivity of Si:P at the Metal-Insulator Transition under Uniaxial Stress

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    We report new measurements of the electrical conductivity sigma of the canonical three-dimensional metal-insulator system Si:P under uniaxial stress S. The zero-temperature extrapolation of sigma(S,T -> 0) ~\S - S_c\^mu shows an unprecidentedly sharp onset of finite conductivity at S_c with an exponent mu = 1. The value of mu differs significantly from that of earlier stress-tuning results. Our data show dynamical sigma(S,T) scaling on both metallic and insulating sides, viz. sigma(S,T) = sigma_c(T) F(\S - S_cT^y) where sigma_c(T) is the conductivity at the critical stress S_c. We find y = 1/znu = 0.34 where nu is the correlation-length exponent and z the dynamic critical exponent.Comment: 5 pages, 4 figure

    The Banking Firm: The Role of Signaling with Collaterals

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    In this paper we challenge basic results of signaling models. In our banking model each project of a borrower is described by a continuous density of outcomes. Different density functions are classified according to second stochastisch dominance. Combining these features we find that in a banking model collateral is no longer in a position to signal the degree of riskiness of the borrower to the lender. In most cases the equilibrium is a pooling equilibrium

    Constitutive modelling of skin ageing

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    The objective of this chapter is to review the main biomechanical and structural aspects associated with both intrinsic and extrinsic skin ageing, and to present potential research avenues to account for these effects in mathematical and computational models of the skin. This will be illustrated through recent work of the authors which provides a basis to those interested in developing mechanistic constitutive models capturing the mechanobiology of skin across the life course

    The Firm Under Uncertainty: Capital Structure and Background Risk

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    This paper examines the interplay between the real and financial decisions of the competitive firm under output price uncertainty. The firm faces additional sources of uncertainty that are aggregated into a background risk. We show that the firm always chooses its optimal debt-equity ratio to minimize the weighted average cost of capital, irrespective of the risk attitude of the firm and the incidence of the underlying uncertainty. We further show that the firm's optimal input mix depends on its optimal debt-equity ratio, thereby rendering the interdependence of the real and financial decisions of the firm. When the background risk is either additive or multiplicative, we provide reasonable restrictions on the firm's preferences so as to ensure that the firm's optimal output is adversely affected upon the introduction of the background risk

    Prospect Theory and Hedging Risks

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    The prospect theory is one of the most popular decision-making theories. It is based on the S-shaped utility function, unlike the von Neumann and Morgenstern (NM) theory, which is based on the concave utility function. The S-shape brings in mathematical challenges: simple extensions and generalizations of NM theory into the prospect theory cannot be frequently achieved. For example, the nature of monotonicity of the indifference curve depends on the underlying mean. Price hedging decisions also become more complex within the prospect theory. We discuss these topics in detail and offer a general result concerning the sign of a covariance from which we then infer desired properties of the indifference curve and also justify hedging decisions within the prospect theory. We illustrate our general considerations with a thoroughly worked out example

    Efficiency Effects of Cross-Border Medical Demand

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    There is a growing interest in cross-border medical care and its comparative advantages. In addition, medical care can be defined as a local assurance good. Little research is being carried out in this field. This paper discusses the individual considerations for medical treatment offered at home and abroad within a micro-economical framework. Specific assumptions as mistrust, monetary and non-monetary transaction-costs, a price and cost gradient, illness severity as well as a lump-sum insurance are discussed. We show that a demand abroad can be utility maximizing, however, only second best. There are inefficiencies in the dimensions of ex-post demand and income risk either on the side of gross-income or of costs. Furthermore, the foreign demand is restricted for low health stages driven by mistrust and restrictions in quality. Higher stages are more capable if fixed costs are low. To demand abroad the marginal treatment costs abroad must fall short of a threshold level. Finally, an out-of-pocket payment can reduce the moral hazard when treatment takes place abroad
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