Real Indeterminacy with Financial Assets

The purpose of this paper, which takes up after D. Cass (1984a, 1984b) is to find the degree of real indeterminacy inherent in models with purely financial assets. We solve the problem for the case where there are enough traders (precisely, the number of traders is larger than the number of bonds) and the asset returns structure is in general position. We find that if the number of bonds is non-zero and fewer than the number of states then, generically, the number of dimensions of real indeterminacy is S-1, one less than the number of states. There is something of a surprise in the above result, namely the dimension of real indeterminacy does not depend on the number of bonds (except in the two limit cases). Indeed one initial conjecture was S-B. This points to an intriguing qualitative discontinuity at the complete market configuration. If markets are financially complete then the model is determinate. Let just one bond be missing and the model become highly indeterminate. Thus, in this sense, the complete markets hypothesis lacks robustness

Progress report for SRDCP on the Atlantic-wide study on the age and growth of shortfin mako shark

The ICCAT Shark Research and Data Collection Program (SRDCP) aims to develop and coordinate science and science-related activities needed to support provision of sound scientific advice for the conservation and management of pelagic sharks in the Atlantic. This Program was developed in 2013-2014 by the Sharks Species Group, and framed within the 2015-2020 SCRS Strategic Plan. Within this Program, a specific study on the age and growth of shortfin mako in the Atlantic was developed, with the purpose of contributing to the 2017 ICCAT SMA stock assessment. In the paper, we provide an update of the project, including preliminary growth models for the North Atlantic Ocean.Project "LL-Sharks: Mitigação das capturas de tubarões na pescaria de palangre de superfície (Ref: 31-03-05-FEP-44, funded by PROMAR)", Project "MAKO-WIDE - "A wide scale inter-hemispheric and inter-disciplinary study aiming the conservation of the shortfin mako shark in the Atlantic Ocean (Ref: FAPESP/19740/2014)", funded by FCT (Portuguese Foundation for Science and Technology) and FAPESP (São Paulo Research Foundation, Brazil), and Project SAFEWATERS SC7 (The provision of advice on the conservation of pelagic sharks associated to fishing activity under EU Sustainable Fisheries Partnership Agreements in the Atlantic Ocean) under the Framework Contract MARE/2012/21, funded by the European Commission. Additional satellite tags were acquired by NOAA in US-Uruguay and US-Portugal-Uruguay collaboration initiatives. Rui Coelho is supported by an Investigador-FCT contract from the Portuguese Foundation for Science and Technology (FCT) supported by the EU European Social Fund and the Programa Operacional Potencial Humano (Ref: IF/00253/2014). Catarina C. Santos is supported by an FCT Doctoral grant (Ref: SFRH/BD/139187/2018).info:eu-repo/semantics/draf

A structural investigation of novel thiophene-functionalized BEDT-TTF donors for application as organic field-effect transistors

Three new unsymmetrical thiophene-functionalized bisIJethylenedithio)tetrathiafulvalene (BEDT-TTF) donors (1–3) have been synthesized, characterised and examined as semiconducting materials for organic field-effect transistor (OFET) devices. The X-ray crystal structures of (1) and (2) reveal both neutral donors pack as dimers with lateral S⋯S contacts. For (1) the molecules are co-facially stacked in a head-to-tail manner with some degree of latitudinal slippage. A device prepared from a crystalline thin film of (1) deposited on unmodified silicon wafer substrate displays a mobility of 5.9 × 10−3 cm2 V−1 s−1 with an on/off ratio of 11. The shorter CH2 linker in (2) results in poorer orbital overlap, likely due to significant longitudinal and latitudinal slippage between molecules in the crystal lattice. As a consequence, no field-effect response was observed for the device fabricated from (2)

Use of Costas arrays in subpixel metrology

Subpixel methods increase the accuracy and efficiency of image detectors, processing units, and algorithms and provide very cost-effective systems for object tracking. A recently proposed method permits micropixel and submicropixel accuracies providing certain design constraints on the target are met. In this paper, we explore the use of Costas arrays - permutation matrices with ideal auto-ambiguity properties - for the design of such targets.JJH acknowledges the support of the National University of Ireland (NUI) Post-doctoral Fellowship in the Sciences. DM acknowledges the support of the Spanish Ministerio de Economía y Competitividad through the project BIA2011-22704, the Generalitat Valenciana through the project PROMETEO/2011/021, and the University of Alicante through the project GRE10-09. The authors also would like to acknowledge the support of Science Foundation Ireland and Enterprise Ireland under the National Development Plan

Mammoth interatrial septal aneurysm in the ICE age

<p>Abstract</p> <p>Background</p> <p>Intracardiac echocardiography (ICE) is a useful imaging modality that is now being used more widely to assist in the percutaneous closure of atrial septal defects (ASD) and patent foramen ovales (PFO).</p> <p>Case presentation</p> <p>A 42 year old lady with a history of transient ischaemic attacks and migraine underwent percutaneous closure of an ASD. Intraprocedural ICE demonstrated a mammoth billowing multiperforated interatrial septal aneurysm in association with a secondum ASD.</p> <p>Conclusion</p> <p>ICE provides excellent adjuvant imaging during percutaneous closure of intracardiac shunts, in this case demonstrating a 'mammoth' interatrial septal aneurysm.</p

Post-release mortality of shortfin mako in the Atlantic using satellite telemetry: preliminary results

This paper provides an update of the study on post-release mortality of the shortfin mako, Isurus oxyrinchus developed within the ICCAT Shark Research and Data Collection Program (SRDCP). Up to date, 34 tags (14 sPATs and 20 miniPATs) have been deployed by observers on Brazilian, Portuguese, Uruguayan, and US vessels in the temperate NE and NW, Equatorial and SW Atlantic. Data from 28 out of 34 tagged specimens could be used to obtain preliminary information regarding post-release mortality, resulting in a total of 7 mortality and 21 survival events.This study was carried out as part of a cooperative work conducted by the ICCAT Shark species group integrated in the ICCAT Shark Research and Data Collection Program (SRDCP). The authors are grateful to all fishery observers and longline skippers from the Nations involved in this study. Tags from additional sources have been contributed and deployed with several national Projects, specifically: Project "LL-Sharks: Mitigação das capturas de tubarões na pescaria de palangre de superfície (Ref: 31-03-05-FEP-44, funded by PROMAR)", Project "MAKO-WIDE - "A wide scale inter-hemispheric and inter-disciplinary study aiming the conservation of the shortfin mako shark in the Atlantic Ocean (Ref: FAPESP/19740/2014)", funded by FCT (Portuguese Foundation for Science and Technology) and FAPESP (São Paulo Research Foundation, Brazil), and Project SAFEWATERS SC7 (The provision of advice on the conservation of pelagic sharks associated to fishing activity under EU Sustainable Fisheries Partnership Agreements in the Atlantic Ocean) under the Framework Contract MARE/2012/21, funded by the European Commission. Additional satellite tags were acquired by NOAA in US-Uruguay and US-Portugal-Uruguay collaboration initiatives. Rui Coelho is supported by an Investigador-FCT contract from the Portuguese Foundation for Science and Technology (FCT) supported by the EU European Social Fund and the Programa Operacional Potencial Humano (Ref: IF/00253/2014).info:eu-repo/semantics/draf

Benefits of using biogas in households experience from a user in Uganda

A Sendegeya, P J M Ssebuwufu and I P da SilvaMakerere University and Ssebuwufu AssociatesThis paper discusses the socio-economic benefits of using biogas based on the experience of a long term user as a typical example. A floating drum type of digester was installed with a capacity of 6.5 m3 in the year 2000 at a total cost of US$1,830. The gas generated is used exclusively for cooking. For the user, his typical kitchen day consists of three meals for a household of 8 people. Prior to the installation of the biogas plant, the user was using liquefied petroleum gas (LPG) supplied in 15 kg cylinders at an average cost of US$ 23 per cylinder and used to consume an average of 3 cylinders in 2 months bringing a monthly expenditure on the kitchen fuel of US$35 including transport costs for the cylinder. The user has now totally substituted LPG with biogas which translates into an annual average saving of US$ 420. At this rate of saving, the break-even point for the full recovery of the installation costs is about five years. Since installation the digester has not had any significant breakdown, so no major maintenance has been required. The water used for mixing the cow dung into slurry is harvested rainwater. Thus according to his experience it indicates that the use of biogas offers a substantial cost saving on domestic energy. In addition to the economic benefits, other benefits include increased organic agricultural production when the sludge is used as fertiliser. The use of the slurry as bio-fertiliser on his small vegetable farm (about 0.5 ha), has helped him to save money that would have been used to buy the imported artificial fertilisers. Fermenting the cow dung in a biogas digester instead of composting it in open air provides several other advantages, ranging from a foul odour-free environment to improvements in the general health conditions in the home. Thus, a reduction in the unhealthy smell from the compost dumps where the cow dung used to be deposited, as well as a reduction in free methane gas (one of the green house gases, GHG) which used to be emitted direct into the atmosphere by the decomposing dung.This paper discusses the socio-economic benefits of using biogas based on the experience of a long term user as a typical example. A floating drum type of digester was installed with a capacity of 6.5 m3 in the year 2000 at a total cost of US$1,830. The gas generated is used exclusively for cooking. For the user, his typical kitchen day consists of three meals for a household of 8 people. Prior to the installation of the biogas plant, the user was using liquefied petroleum gas (LPG) supplied in 15 kg cylinders at an average cost of US$ 23 per cylinder and used to consume an average of 3 cylinders in 2 months bringing a monthly expenditure on the kitchen fuel of US$35 including transport costs for the cylinder. The user has now totally substituted LPG with biogas which translates into an annual average saving of US$ 420. At this rate of saving, the break-even point for the full recovery of the installation costs is about five years. Since installation the digester has not had any significant breakdown, so no major maintenance has been required. The water used for mixing the cow dung into slurry is harvested rainwater. Thus according to his experience it indicates that the use of biogas offers a substantial cost saving on domestic energy. In addition to the economic benefits, other benefits include increased organic agricultural production when the sludge is used as fertiliser. The use of the slurry as bio-fertiliser on his small vegetable farm (about 0.5 ha), has helped him to save money that would have been used to buy the imported artificial fertilisers. Fermenting the cow dung in a biogas digester instead of composting it in open air provides several other advantages, ranging from a foul odour-free environment to improvements in the general health conditions in the home. Thus, a reduction in the unhealthy smell from the compost dumps where the cow dung used to be deposited, as well as a reduction in free methane gas (one of the green house gases, GHG) which used to be emitted direct into the atmosphere by the decomposing dung

The young stellar population of NGC 4214 as observed with HST. II. Results

We present the results of a detailed UV-optical study of the nearby dwarf starburst galaxy NGC 4214 using multifilter HST/WFPC2+STIS photometry. The stellar extinction is found to be quite patchy, with some areas having values of E(4405-5495)< 0.1 mag and others, associated with star forming regions, much more heavily obscured, a result which is consistent with previous studies of the nebular extinction. We determined the ratio of blue-to-red supergiants and found it to be consistent with theoretical models for the metallicity of the SMC. The stellar IMF of the field in the range 20-100 solar masses is found to be steeper than Salpeter. A number of massive clusters and associations with ages between a few and 200 million years are detected and their properties are discussed.Comment: 49 pages, 12 figures, 6 table

Updates on post-release mortality of shortfin mako in the Atlantic using satellite telemetry

This paper provides an update of the study on post-release mortality of the shortfin mako, Isurus oxyrinchus developed within the ICCAT Shark Research and Data Collection Program (SRDCP). Up to date, 43 tags (14 sPATs and 29 miniPATs) have been deployed by observers on Brazilian, Portuguese, Spanish, Uruguayan, and US vessels in the temperate NE and NW, Equatorial and SW Atlantic. Data from 35 out of 43 tagged specimens could be used to obtain preliminary information regarding post-release mortality, resulting in a total of 8 mortality and 27 survival events.This study was carried out as part of a cooperative work conducted by the ICCAT Shark species group integrated in the ICCAT Shark Research and Data Collection Program (SRDCP). The authors are grateful to all fishery observers and longline skippers from the Nations involved in this study. Tags from additional sources have been contributed and deployed with several national Projects, specifically: Project "LL-Sharks: Mitigação das capturas de tubarões na pescaria de palangre de superfície (Ref: 31-03-05-FEP-44, funded by PROMAR)", Project "MAKO-WIDE - "A wide scale inter-hemispheric and inter-disciplinary study aiming the conservation of the shortfin mako shark in the Atlantic Ocean (Ref: FAPESP/19740/2014)", funded by FCT (Portuguese Foundation for Science and Technology) and FAPESP (São Paulo Research Foundation, Brazil), and Project SAFEWATERS SC7 (The provision of advice on the conservation of pelagic sharks associated to fishing activity under EU Sustainable Fisheries Partnership Agreements in the Atlantic Ocean) under the Framework Contract MARE/2012/21, funded by the European Commission. Additional satellite tags were acquired by NOAA in US-Uruguay and US-Portugal-Uruguay collaboration initiatives. Rui Coelho is supported by an Investigador-FCT contract from the Portuguese Foundation for Science and Technology (FCT) supported by the EU European Social Fund and the Programa Operacional Potencial Humano (Ref: IF/00253/2014). Catarina C. Santos is supported by an FCT Doctoral grant (Ref: SFRH/BD/139187/2018).info:eu-repo/semantics/draf

Extended Tidal Structure In Two Lyman Alpha-Emitting Starburst Galaxies

We present new VLA C-configuration HI imaging of the Lyman Alpha-emitting starburst galaxies Tol 1924-416 and IRAS 08339+6517. The effective resolution probes neutral gas structures larger than 4.7 kpc in Tol 1924-416, and larger than 8.1 kpc in IRAS 08339+6517. Both systems are revealed to be tidally interacting: Tol 1924-416 with ESO 338-IG04B (6.6 arcminutes = 72 kpc minimum separation), and IRAS 08339+6517 with 2MASX J08380769+6508579 (2.4 arcminutes = 56 kpc minimum separation). The HI emission is extended in these systems, with tidal tails and debris between the target galaxies and their companions. Since Lyman Alpha emission has been detected from both of these primary systems, these observations suggest that the geometry of the ISM is one of the factors affecting the escape fraction of Lyman Alpha emission from starburst environments. Furthermore, these observations argue for the importance of interactions in triggering massive star formation events.Comment: ApJ, in press; 11 pages, 2 color figure