Measuring the importance of the uniform nonsynchronization hypothesis

In this paper we critically reappraise some measures of the importance of time-dependent price setting rules and propose an alternative way to gauge the significance of this type of price setting behaviour. The merits of the proposed measure are highlighted in an application using micro-data. Our results suggest that a large proportion of price trajectories may be compatible with simple time-dependent price setting mechanisms but the strength of this evidence very much depends on the way that is used to evaluate the importance of this type of behaviour. JEL Classification: D40, E31, L11perfect synchronization, Time-dependent price setting models, uniform staggering

Biochemical and toxicological effects of organic (herbicide Primextra® Gold TZ) and inorganic (copper) compounds on zooplankton and phytoplankton species

In Europe, mainly in the Mediterranean region, an intensive usage of pesticides was recorded during the past 30 years. According to information from agricultural cooperatives of the Mondego valley (Figueira da Foz, Portugal), Primextra® Gold TZ is the most used herbicide in corn crop fields and one of the 20 best-selling herbicides in Portugal. Copper is mainly used in pesticide formulations. This study aims to determine the ecotoxicological and biochemical (namely fatty acid profiles) effects of the herbicide Primextra® Gold TZ and the metal copper on marine plankton. The organisms used in this study are three planktonic species: the marine diatom Thalassiosira weissflogii, the estuarine copepod Acartia tonsa and nauplii of the marine brine shrimp Artemia franciscana. Fatty acids (FAs) are one of the most important molecules transferred across the plant-animal interface in aquatic food webs and can be used as good indicators of stress. The conducted lab incubations show that T. weissflogii is the most sensitive species to the herbicide followed by A. tonsa (EC50 =0;0.0078 mg/L and EC50 =0;0.925 mg/L, respectively), whereas the copepod was the most sensitive species to the metal followed by T. weissflogii (EC50 =0.234 mg/L and EC50 =0.383 mg/L, respectively). A. franciscana was the most tolerant organism both to the herbicide and to the metal (EC50 =20.35 mg/L and EC50 = 18.93 mg/L, respectively). Changes in the FA profiles of primary producer and primary consumers were observed, with the increase of saturated FA and decrease of unsaturated FA contents, especially of highly unsaturated FAs that can be obtained mainly from food and therefore are referred to as ‘essential FA’. The study suggests that discharges of Primextra® Gold TZ or other pesticides mainly composed by copper may be a threat to plankton populations causing changes in the FA contents and thus in their nutritive value, with severe repercussions for higher trophic levels and thus the entire food web

Why are some prices stickier than others? Firm-data evidence on price adjustment lags

Infrequent price changes at the firm level are now well documented in the literature. However, a number of issues remain partly unaddressed. This paper contributes to the literature on price stickiness by investigating the lags of price adjustments to different types of shocks. We find that adjustment lags to cost and demand shocks vary with firm characteristics, namely the firm’s cost structure, the type of pricing policy, and the type of good. We also document that firms react asymmetrically to demand and cost shocks, as well as to positive and negative shocks, and that the degree and direction of the asymmetry varies across firms. JEL Classification: C41, D40, E31Firm heterogeneity, Panel-ordered probit, real rigidities, survey data

In-season internal and external training load quantification of an elite European soccer team

Elite soccer teams that participate in European competitions need to have players in the best physical and psychological status possible to play matches. As a consequence of congestive schedule, controlling the training load (TL) and thus the level of effort and fatigue of players to reach higher performances during the matches is therefore critical. Therefore, the aim of the current study was to provide the first report of seasonal internal and external training load that included Hooper Index (HI) scores in elite soccer players during an in-season period. Nineteen elite soccer players were sampled, using global position system to collect total distance, high-speed distance (HSD) and average speed (AvS). It was also collected session rating of perceived exertion (s-RPE) and HI scores during the daily training sessions throughout the 2015-2016 in-season period. Data were analysed across ten mesocycles (M: 1 to 10) and collected according to the number of days prior to a one-match week. Total daily distance covered was higher at the start (M1 and M3) compared to the final mesocycle (M10) of the season. M1 (5589m) reached a greater distance than M5 (4473m) (ES = 9.33 [12.70, 5.95]) and M10 (4545m) (ES = 9.84 [13.39, 6.29]). M3 (5691m) reached a greater distance than M5 (ES = 9.07 [12.36, 5.78]), M7 (ES = 6.13 [8.48, 3.79]) and M10 (ES = 9.37 [12.76, 5.98]). High-speed running distance was greater in M1 (227m), than M5 (92m) (ES = 27.95 [37.68, 18.22]) and M10 (138m) (ES = 8.46 [11.55, 5.37]). Interestingly, the s-RPE response was higher in M1 (331au) in comparison to the last mesocycle (M10, 239au). HI showed minor variations across mesocycles and in days prior to the match. Every day prior to a match, all internal and external TL variables expressed significant lower values to other days prior to a match (p<0.01). In general, there were no differences between player positions. Conclusions: Our results reveal that despite the existence of some significant differences between mesocycles, there were minor changes across the in-season period for the internal and external TL variables used. Furthermore, it was observed that MD-1 presented a reduction of external TL (regardless of mesocycle) while internal TL variables did not have the same record during in-season match-day-minus.: The authors state that there were no salaries’ fund from a tobacco company. Also, the authors are not aware of any competing interests. This project was supported by the National Funds through FCT—Portuguese Foundation for Science and Technology (UID/DTP/04045/2013)—and the European Fund for Regional Development (FEDER) allocated by European Union through the COMPETE 2020 Programme (POCI-01-0145- FEDER-006969)—competitiveness and internationalization (POCI). All funding received for this work from any of the following organizations: National Institutes of Health (NIH); Welcome Trust; Howard Hughes Medical Institute (HHMI). The funders had no role in study design, data collection and analysis, decision to publish, or preparation of the manuscript.info:eu-repo/semantics/publishedVersio

Stereo vision calibration procedure for 3D surface measurements

In reverse engineering, rapid prototyping or quality control with complex 3D object surfaces, there is often the need to scan a complete 3D model using laser digitizers. Those systems usually use one camera and one laser,- using triangulation techniques; complex 3D objects can cause information gaps in the model obtained. To overcome this problem, another camera can be used. Traditional calibration procedures for those systems normally result in a full 3D camera calibration, involving individual implicit camera parameters, a rigid motion equation relating the explicit cameras parameters of each camera and the intersection with the laser line. This paper presents a new stereo vision laser strip calibration procedure for 3D surface measurements. In this calibration procedure the laser plane is the one that matters, only one set of laser-coplanar calibration points for camera calibration is needed, and a dead zone scan area is considered, since the digitalization arm is mounted in a 3 degree freedom machine PC-based Motion Control with multiple scan paths.Fundação para a Ciência e a Tecnologia (FCT

Calibration procedure for 3D measurement systems using two cameras and a laser line

Prova tipográficaIn order to ensure the precision of the measurement of complex 3D object surfaces using non-contact laser scanning systems, a novel stereo vision calibration procedure based on a laser line projection plane is presented. This calibration procedure can also be used in measurement systems based on a single camera and a laser line projection. This procedure, while using only laser-coplanar points, is oriented towards laser line detection and allows the matching of two images on the laser projection plane without the use of a rigid motion equation. These features make this procedure very precise, simple and, consequently, easier to implement.Fundação para a Ciência e a Tecnologia (FCT) - SFRH/BD/18155/200