Une Larme

Transcribed for violin with piano accompaniment by A. Walter Kramer. Separate violin part missing

The economic effects of a Spanish trade boycott against Catalan products

We study the potential consequences of a hypothetical trade boycott against Catalan products organized by some sectors of the Spanish society mainly for political reasons. A symmetric trade boycott would have two effects: a reduction of Catalan exports to Spain and a partial process of import substitution in Catalonia. In order to quantify the economic impact of the boycott, we compare the "actual" Catalan economy, as described in the input-output table for 2005, with a "simulated" Catalan economy that takes into account the effects of a boycott on the trade exchanges between Catalonia and Spain.trade boycott, input output analysis

Development of a Multiphase Photon Monte Carlo Method for Spray Combustion and its Application in High-pressure Conditions

In this work the development of a multiphase photon Monte Carlo (PMC) method with a focus on resolving radiative heat transfer in combustion simulations is presented. The multiphase PMC solver can account for description of participating media in both Lagrangian and Eulerian frameworks. The solver is validated against exact solutions in several one-dimensional configurations. The developed solver is then applied to Diesel spray combustions, where liquid spray droplets are assumed to be cold, nonemitting, large, and isotropically scattering. Several formulations for radiative properties of the Diesel spray are first explored. The PMC solver has then been coupled with the multiphase spray combustion solver in OpenFOAM and the coupled solver is used for simulations of high pressure Diesel spray combustion. It was found that in typical Diesel spray combustion applications, such as in an internal combustion engine, impact of radiation on the evolution of the liquid spray was insignificant. Although the impact of radiation on the spray was minimal, nongray spectral properties and the assumption of semi-transparency for Diesel spray were found to impact the radiative transfer significantly, while impact of scattering was marginal. Spray radiation was also found not to have much effect on global combustion characteristics in high-pressure engine-relevant configurations. However, a small but noticeable effect on minor species distribution relevant to pollutant formation was observed

The Empirical Foundations of the Arbitrage Pricing Theory I: The Empirical Tests

This paper provides a detailed and extensive examination of the validity of the APT based on maximum likelihood factor analysis of large cross-sections of securities. Our empirical implementation of the theory proved in capable of explaining expected returns on portfolios composed of securities with different market capitalizations although it provided an adequate account of the expected returns of portfolios formed on the basis of dividend yield and own variance where risk adjustment with the CAPM employing the usual market proxies failed. In addition, it appears that the zero beta version of the APT is sharply rejected in favor of the riskless rate model and that there is little basis for discriminating among five and ten factor versions of the theory.

Innovative and reference business models in the agrofood industry

Successful business models: Cellar of the Priorat region “Costers del Siurana” and Agromillora Catala