Liquidity measures and cost of trading in an illiquid market

We provide the first in-depth study of trading on the Ukrainian stock exchange, using trade-by-trade data. Although Ukraine has some large listed companies, the market is quite illiquid. We study the efficiency of five liquidity measures in the market. The proportion of no-trading days is the most reliable of the five, while turnover, which is widely used in the literature, is a poor measure. On trading cost, trades in all size categories are executed within the quoted spread, as in other dealership markets, with medium-sized trades being the cheapest. The cost of sales is higher than the cost of purchases under all market conditions

Thermal extraction of volatiles from the lunar regolith simulant NU-LHT-2M: preparations for in-situ analyses on the Moon

The present work describes the end-to-end demonstration of enriching the lunar highland regolith simulant NU-LHT-2M with loosely adsorbed water, releasing this and other volatile compounds by thermal treatment in high-vacuum, and identifying the released volatile species through mass spectrometry. This demonstration was performed to characterise how different sample conditions will affect the in-situ measurements performed by the ProSPA gas analysis instrument that is to operate at the lunar south pole on board the Russian Luna-27 lander. A laboratory breadboard was set up that allows testing of variable parameter combinations, such as different initial water contents, particle sizes, quantities, and bulk densities of the sample, as well as different heating rates. Three distinct temperature-dependent phases of outgassing were identified. Between -50 °C and 300 °C loosely adsorbed volatiles, mainly water in a mass fraction of around 0.1 % to 0.2 %, were released from the samples. Above that the samples showed mineral decomposition which led to the release of trapped water, carbon dioxide, and hydrogen sulfide. It was shown that the gas pressure produced by outgassing of the volatile species in a continuously pumped system is noticeably higher if the sample is larger, contains smaller particles, or if a higher heating rate is applied

Relativistic photoelectron spectra in the ionization of atoms by elliptically polarized light

Relativistic tunnel ionization of atoms by intense, elliptically polarized light is considered. The relativistic version of the Landau-Dykhne formula is employed. The general analytical expression is obtained for the relativistic photoelectron spectra. The most probable angle of electron emission, the angular distribution near this angle, the position of the maximum and the width of the energy spectrum are calculated. In the weak field limit we obtain the familiar non-relativistic results. For the case of circular polarization our analytical results are in agreement with recent derivations of Krainov [V.P. Krainov, J. Phys. B, {\bf 32}, 1607 (1999)].Comment: 8 pages, 2 figures, accepted for publication in Journal of Physics

Relativistic semiclassical approach in strong-field nonlinear photoionization

Nonlinear relativistic ionization phenomena induced by a strong laser radiation with elliptically polarization are considered. The starting point is the classical relativistic action for a free electron moving in the electromagnetic field created by a strong laser beam. The application of the relativistic action to the classical barrier-suppression ionization is briefly discussed. Further the relativistic version of the Landau-Dykhne formula is employed to consider the semiclassical sub-barrier ionization. Simple analytical expressions have been found for: (i) the rates of the strong-field nonlinear ionization including relativistic initial and final state effects; (ii) the most probable value of the components of the photoelectron final state momentum; (iii) the most probable direction of photoelectron emission and (iv) the distribution of the photoelectron momentum near its maximum value.Comment: 13 pages, 3 figures, to be published in Phys. Rev.

Parent training for preschool ADHD: a randomized controlled trial of specialized and generic programs

BackgroundThe New Forest Parenting Package' (NFPP), an 8-week home-based intervention for parents of preschoolers with attention-deficit/hyperactivity disorder (ADHD), fosters constructive parenting to target ADHD-related dysfunctions in attention and impulse control. Although NFPP has improved parent and laboratory measures of ADHD in community samples of children with ADHD-like problems, its efficacy in a clinical sample, and relative to an active treatment comparator, is unknown. The aims are to evaluate the short- and long-term efficacy and generalization effects of NFPP compared to an established clinic-based parenting intervention for treating noncompliant behavior [Helping the Noncompliant Child' (HNC)] in young children with ADHD. MethodsA randomized controlled trial with three parallel arms was the design for this study. A total of 164 3-4-year-olds, 73.8% male, meeting DSM-IV ADHD diagnostic criteria were randomized to NFPP (N=67), HNC (N=63), or wait-list control (WL, N=34). All participants were assessed at post-treatment. NFPP and HNC participants were assessed at follow-up in the next school year. Primary outcomes were ADHD ratings by teachers blind to and uninvolved in treatment, and by parents. Secondary ADHD outcomes included clinician assessments, and laboratory measures of on-task behavior and delay of gratification. Other outcomes included parent and teacher ratings of oppositional behavior, and parenting measures. (Trial name: Home-Based Parent Training in ADHD Preschoolers; Registry: ClinicalTrials.gov Identifier: NCT01320098; URL: ). ResultsIn both treatment groups, children's ADHD and ODD behaviors, as well as aspects of parenting, were rated improved by parents at the end of treatment compared to controls. Most of these gains in the children's behavior and in some parenting practices were sustained at follow-up. However, these parent-reported improvements were not corroborated by teacher ratings or objective observations. NFPP was not significantly better, and on a few outcomes significantly less effective, than HNC. ConclusionsThe results do not support the claim that NFPP addresses putative dysfunctions underlying ADHD, bringing about generalized change in ADHD, and its underpinning self-regulatory processes. The findings support documented difficulties in achieving generalization across nontargeted settings, and the importance of using blinded measures to provide meaningful assessments of treatment effects

Accessing and assessing lunar resources with PROSPECT

PROSPECT is a package in development by ESA to assess the in-situ resource potential of lunar regolith. PROSPECT will: obtain sub-surface regolith samples, extract volatiles, identify chemical species, quantify abundances, and characterize isotopes

Bubble generation in a twisted and bent DNA-like model

The DNA molecule is modeled by a parabola embedded chain with long-range interactions between twisted base pair dipoles. A mechanism for bubble generation is presented and investigated in two different configurations. Using random normally distributed initial conditions to simulate thermal fluctuations, a relationship between bubble generation, twist and curvature is established. An analytical approach supports the numerical results.Comment: 7 pages, 8 figures. Accepted for Phys. Rev. E (in press

Self-similar solution of a nonsteady problem of nonisothermal vapour condensation on a droplet growing in diffusion regime

This paper presents a mathematically exact self-similar solution to the joint nonsteady problems of vapour diffusion towards a droplet growing in a vapour-gas medium and of removal of heat released by a droplet into a vapour-gas medium during vapour condensation. An equation for the temperature of the droplet is obtained; and it is only at that temperature that the self-similar solution exists. This equation requires the constancy of the droplet temperature and even defines it unambiguously throughout the whole period of the droplet growth. In the case of strong display of heat effects, when the droplet growth rate decreases significantly, the equation for the temperature of the droplet is solved analytically. It is shown that the obtained temperature fully coincides with the one that settles in the droplet simultaneously with the settlement of its diffusion regime of growth. At the obtained temperature of the droplet the interrelated nonsteady vapour concentration and temperature profiles of the vapour-gas medium around the droplet are expressed in terms of initial (prior to the nucleation of the droplet) parameters of the vapour-gas medium. The same parameters are used to formulate the law in accordance with which the droplet is growing in diffusion regime, and also to define the time that passes after the nucleation of the droplet till the settlement of diffusion regime of droplet growth, when the squared radius of the droplet becomes proportionate to time. For the sake of completeness the case of weak display of heat effects is been studied.Comment: 12 pages, 4 figure