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

Time or state dependent price setting rules? Evidence from Portuguese micro data

In this paper we analyse the ability of time and state dependent price setting rules to explain durations of price spells or the probability of changing prices. Our results suggest that simple time dependent models cannot be seen as providing a reasonable approximation to the data and that state dependent models are required to fully characterise the price setting behaviour of Portuguese firms. Inflation, the level of economic activity and the magnitude of the last price change emerge as relevant variables affecting the probability of changing prices. Moreover, it is seen that the impact differs for negative and positive values of these covariates. JEL Classification: C41, D40, E31CPI data, Hazard functions, inflation

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

Descriptive analysis of tantalum paragenesis and tantalum pegmatites from the South Pegmatite District of Zambezian Province (Mozambique)

The differences between NYF and LCT pegmatite evolution and regional distribution in Zambézia Pegmatite Province are the main determinants of its tantalum potentiality. Alto Ligonha District in Central Zambézia holds important Ta resources in relation to LCT giant pegmatites, which have been mined for decades and are reasonably known. Minor attention was dedicated since now to the South District. Recent studies dedicated to this domain revealed several pegmatite fields with a great diversity of Ta mineralization: M´Luma – Nicula - low Ta NYF pegmatites, with high Sc, Y, Ti, R.E. and ixiolite-cheralite dominant ores; Rio Licungo - low Ta NYF and beryl pegmatites, with high Bi, W and struverite dominant ores; Rio Namivo - low to high Ta NYF to LCT pegmatites, beryl rich with petalite and spodumene as high temperature remnants and tantalite-tapiolite-microlite dominant ores. Regional distribution and paragenetic analysis of some key pegmatites suggest that South District reveals a more proximal and sub-autochthonous emplacement of the pegmatite bodies in tangential ruptures under the cover terrenes of Mamala to Morrua Formations, which undergone a different evolution since Pan-African event to uplifting an exhumation. In what concerns the strategic stage of exploration, such a pattern of emplacement and evolution, suggests the possibility of future detection of unknown high Ta pegmatites at the South District

Fatty Acids’ Profiles of Aquatic Organisms: Revealing the Impacts of Environmental and Anthropogenic Stressors

There is a great concern about the impacts of climate changes namely due to salinity seawater and temperature alterations in aquatic organisms with the estuarine and coastal environments being the major affected areas. The intensive usage of chemicals in an indiscriminate way in agriculture practices, achieving, in some cases, values above the limits of contamination authorized by the European legislation, also drastically affects the surrounded estuarine areas with profound consequences to the water quality and the aquatic communities. It is known that stressors affect organisms’ physiological conditions with recent works concerning alterations in the fatty acid (FA) profiles associated with environmental and contamination events that become more frequent. FA plays a key role in immune and physiological functions and is associated with the prevention of some diseases, shown to be good bio‐indicators to assess the organisms’ impacts under stress conditions. Thus, this chapter proposes to address natural (salinity and temperature) and chemical (herbicide and metal) stressors’ impacts in the FA profiles of Thalassiosiraweissflogii and Cerastodermaedule and infers about the effects on organisms’ physiological processes and along the food web. Consequences in food resources and to healthier and nutritious food consumption with benefits to human beings are also assessed

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

In-season training load quantification of one-, two- and three-game week schedules in a top European professional soccer team

Top European soccer teams that play in UEFA competitions often participate in one, two- or three-games per week. Therefore, it is necessary to ensure optimal match-day performance and full recovery. The aim of this study was to quantify internal and external training load (TL) within five microcycles: M1 and M2 - one-game weeks; M3 and M4 - two-game weeks; M5 - three-game week). Thirteen elite soccer players participated in this study. A global positioning system (GPS) was used to measure the total distance covered and distances of different exercise training zones (1-5), the session ratings of perceived exertion (s-RPE) scores and the amount of creatine kinase (CK) created during daily training sessions for the 2015-2016 in-season period. The data were analysed with respect to the number of days prior to a given match. The main results indicate that there was a significant difference in training intensity for zone 1 between M2 and M4 (4010.2 ± 103.5 and 4507.6 ± 133.0 m, respectively); a significant difference in training intensity for zone 3 between M1 and M5 (686.1 ± 42.8 and 801.2 ± 61.2 m, respectively); a significant difference in the duration of the training sessions and matches between M2 and M5 (69.2 ± 2.1 and 79.6 ± 2.3) and M3 and M5 (69.7 ± 1.0 and 79.6 ± 2.3); and finally, there was a significant difference in CK between M3 and M2 (325.5 ± 155.0 and 194.4 ± 48.9). Moreover, there was a significant decrease in TL in the last day prior to a match, for all microcycles and all variables. There was no significant difference with respect to s-RPE. This study provides the first report of daily external and internal TLs and weekly accumulated load (training sessions and match demands) during one, two, and three-game week schedules in a group of elite soccer players. Expected significant differences are found in daily and accumulated loads for within- and between-game schedules. A similar pattern is exhibited for one- and two-game week microcycles regarding the day before the match, which exhibits a decrease in all variables. Despite the different number of games played per week, TL remain similar between microcycles for zone 2 and 5, plus s-RPE.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). The authors disclose funding received for this work from any of the following organizations: National Institutes of Health (NIH); Welcome Trust; Howard Hughes Medical Institute (HHMI); and other(s).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