How Do Firms Set Prices? Survey Evidence from Ireland

Despite the importance of understanding and estimating the “stickiness” of prices of goods and services, empirical assessment of price setting behaviour by firms has remained relatively limited. This is the first paper to provide detailed information on the pressures, manner and frequency with which Irish firms adjust their output prices. Using survey information from almost a thousand Irish firms, we present a number of stylised facts on price setting behaviour. One of the first of these relates to the level of control firms have over their pricing strategy – the most common approach for firms is to set a price based on costs and a self-determined profit margin. However, one-third of firms said that their price was set primarily by following that of their closest competitors. The perceived intensity of competition was found to be one of the most significant factors in determining the price-setting approach and is also a central factor in determining price changes

Bifunctional catalytic electrode

The present invention relates to an oxygen electrode for a unitized regenerative hydrogen-oxygen fuel cell and the unitized regenerative fuel cell having the oxygen electrode. The oxygen electrode contains components electrocatalytically active for the evolution of oxygen from water and the reduction of oxygen to water, and has a structure that supports the flow of both water and gases between the catalytically active surface and a flow field or electrode chamber for bulk flow of the fluids. The electrode has an electrocatalyst layer and a diffusion backing layer interspersed with hydrophilic and hydrophobic regions. The diffusion backing layer consists of a metal core having gas diffusion structures bonded to the metal core

Dose-response modelling of resistance exercise across outcome domains in strength and conditioning: a meta-analysis.

Resistance exercise is the most common training modality included within strength and conditioning (S&C) practice. Understanding dose-response relationships between resistance training and a range of outcomes relevant to physical and sporting performance is of primary importance for quality S&C prescription. The aim of this meta-analysis was to use contemporary modelling techniques to investigate resistance-only and resistance-dominant training interventions, and explore relationships between training variables (frequency, volume, intensity), participant characteristics (training status, sex) and improvements across a range of outcome domains including maximum strength, power, vertical jump, change of direction, and sprinting performance. Data were obtained from a database of training studies conducted between 1962-2018, which comprised healthy trained or untrained adults engaged in resistance-only or resistance-dominant interventions. Studies were not required to include a control group. Standardized mean difference effect sizes were calculated and interventions categorized according to a range of training variables describing frequency (number of sessions per week), volume (number of sets and repetitions performed), overall intensity (intensity of effort and load, categorised as low, medium, or high), and intensity of load (represented as % 1RM prescribed). Contemporary modelling techniques including Bayesian mixed effects meta-analytic models were fitted to investigate linear and non-linear dose-responses with models compared based on predictive accuracy. Data from a total of 295 studies comprising 535 groups and 6710 participants were included with analyses conducted on time points ≤26 weeks. The best performing model included: duration from baseline, average number of sets, and the main and interaction effects between outcome domain and intensity of load (%1RM) expressed non-linearly. Model performance was not improved by the inclusion of participant training status or sex. The current meta-analysis represents the most comprehensive investigation of dose-response relationships across a range of outcome domains commonly targeted within strength and conditioning to date. Results demonstrate the magnitude of improvements are predominantly influenced by training intensity of load and the outcome measured. When considering the effects of intensity as a %1RM, profiles differ across outcome domains with maximum strength likely to be maximised with the heaviest loads, vertical jump performance likely to be maximised with relatively light loads (~30%1RM), and power likely to be maximised with low to moderate loads (40-70% 1RM)

Energy consumption of small scale fishing vessel operations in Indonesia: A case study in Palabuhanratu, Indonesia

About 79% of the global fishing fleet is small motorized boats typically operating in coastal areas, supplying local markets, and contributing to human well-being through food supplies and economic development. For example, Indonesian fisheries which predominantly are artisanal fishing, have supported 54% of animal protein intake, accounted for 2% of employment level and increased the fishermen’s prosperity index by 2.44%. However, they cause significant environmental impacts including fish resource depletion and intensive energy use. Balancing the benefits and challenges, sustainably managing these fishing operations is an important yet complex task given the requirements to proportionally account for fish resources, fishing technology and fishery organisation. This paper focusses on, the rarely considered, energy intensity of these operations which is particularly important given its correlation with operational cost, productivity and environmental impact. The research was conducted in Palabuhanratu, Indonesia, which has an artisanal fishing fleet numbering in the hundreds, typical of many developing nations. A comparative study was conducted on the four principal types of vessel in Palabuhanratu: pelagic Danish seiners, hand liners, trammel netters and lift net ferries. Statistics published by the fishing port were used to conclude that of these the trammel netters are the most energy intensive and that, in general, the artisanal fisheries are less energy efficient compared to those in developed countries. However, these fisheries socio economic contribution justifies efforts to improve the sustainability of these activitie

Membrane with internal passages to permit fluid flow and an electrochemical cell containing the same

The invention provides an improved proton exchange membrane for use in electrochemical cells having internal passages parallel to the membrane surface, an apparatus and process for making the membrane, membrane and electrode assemblies fabricated using the membrane, and the application of the membrane and electrode assemblies to a variety of devices, both electrochemical and otherwise. The passages in the membrane extend from one edge of the membrane to another and allow fluid flow through the membrane and give access directly to the membrane for purposes of hydration

C-C bond-forming reactions of ground-state aryl halides under reductive activation

Under basic conditions aryl halides can undergo SRN1 reactions, BHAS reactions and benzyne formations. Appropriate complex substrates afford an opportunity to study inherent selectivities. SRN1 reactions are usually favoured under photoactivated conditions, but this paper reports their success using ground-state and transition metal-free conditions. In benzene, the enolate salt 12, derived by deprotonation of diketopiperazine 11, behaves as an electron donor, and assists the initiation of the reactions, but in DMSO, it is not required. The outcomes are compared and contrasted with a recent photochemical study on similar substrates. A particular difference is the prevalence of hydride shuttle reactions under relatively mild thermal conditions

Monitoring Natural Events Globally in Near Real-Time Using NASA's Open Web Services and Tools

Since 1960, NASA has been making global measurements of the Earth from a multitude of space-based missions, many of which can be useful for monitoring natural events. In recent years, these measurements have been made available in near real-time, making it possible to use them to also aid in managing the response to natural events. We present the challenges and ongoing solutions to using NASA satellite data for monitoring and managing these events

Membrane with supported internal passages

The invention provides an improved proton exchange membrane for use in electrochemical cells having internal passages parallel to the membrane surface comprising permanent tubes preferably placed at the ends of the fluid passages. The invention also provides an apparatus and process for making the membrane, membrane and electrode assemblies fabricated using the membrane, and the application of the membrane and electrode assemblies to a variety of devices, both electrochemical and otherwise. The passages in the membrane extend from one edge of the membrane to another and allow fluid flow through the membrane and give access directly to the membrane

Understanding the power requirements of autonomous underwater systems, Part I: An analytical model for optimum swimming speeds and cost of transport

Many marine species exhibit capabilities that would be desirable for manmade systems operating in the maritime environment. However, without detracting from the potential, if bioinspiration is to prove beneficial, it is important to have a consistent set of metrics that allow fair comparison, without bias, when comparing the performance of engineered and biological systems. In this study we focus on deriving an unbiased metric of performance applicable to marine animals and engineered subsea vehicles for one of the most fundamental of properties; that of the energy cost of locomotion. We present a rational analytical model of the physics behind the total energy cost of locomotion applicable to both biological and engineered autonomous underwater marine systems. This model proposes the use of an equivalent spheroid efficiency as a fair metric to compare engineered and biological systems. The model is then utilised to identify how changes in mass, speed, spheroid efficiency and hotel load impact the performance of the system