3,438 research outputs found

    Incoherent but Reasonable: A Defense of Truth-Abstinence in Political Liberalism

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    A strength of liberal political institutions is their ability to accommodate pluralism, both allowing divergent comprehensive doctrines as well as constructing the common ground necessary for diverse people to live together. A pressing question is how far such pluralism extends. Which comprehensive doctrines are simply beyond the pale and need not be accommodated by a political consensus? Rawls attempted to keep the boundaries of reasonable disagreement quite broad by infamously denying that political liberalism need make reference to the concept of truth, a claim that has been criticized by Joseph Raz, Joshua Cohen, and David Estlund. In this paper, we argue that these criticisms fail due to the fact that political liberalism can remain non-committal on the nature of truth, leaving the concept of truth in the domain of comprehensive doctrines while still avoiding the issues raised by Raz, Cohen, and Estlund. Further substantiating this point is the fact that Rawls would, and should, include parties in the overlapping consensus whose views on truth may be incoherent. Once it is seen that political liberalism allows such incoherence to reasonable parties, it is clear that the inclusion of truth and the requirement of coherence urged by Raz, Cohen, and Estlund requires more of reasonable people than is necessary for a political consensus

    Does size matter? : Economies of scale in the German mutual fund industry

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    In this paper, we analyze economies of scale for German mutual fund complexes. Using 2002-2005 data of 41 investment management companies, we specify a hedonic translog cost function. Applying a fixed effects regression on a one-way error component model there is clear evidence of significant overall economies of scale. On the level of individual mutual fund complexes we find significant economies of scale for all of the companies in our sample. With regard to cost efficiency, we find that the average mutual fund complexes in all size quartiles deviate considerably from the best practice cost frontier. JEL Classification: G2, L25 Keywords: mutual fund complex, investment management company, cost efficiency, economies of scale, hedonic translog cost function, fixed effects regression, one-way error component mode

    Phylogenetics of Cucumis (Cucurbitaceae)

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    Background: Melon, Cucumis melo, and cucumber, C. sativus, are among the most widely cultivated crops worldwide. Cucumis, as traditionally conceived, is geographically centered in Africa, with C. sativus and C. hystrix thought to be the only Cucumis species in Asia. This taxonomy forms the basis for all ongoing Cucumis breeding and genomics efforts. We tested relationships among Cucumis and related genera based on DNA sequences from chloroplast gene, intron, and spacer regions (rbcL, matK, rpl20-rps12, trnL, and trnL-F), adding nuclear internal transcribed spacer sequences to resolve relationships within Cucumis. Results: Analyses of combined chloroplast sequences (4,375 aligned nucleotides) for 123 of the 130 genera of Cucurbitaceae indicate that the genera Cucumella, Dicaelospermum, Mukia, Myrmecosicyos, and Oreosyce are embedded within Cucumis. Phylogenetic trees from nuclear sequences for these taxa are congruent, and the combined data yield a well-supported phylogeny. The nesting of the five genera in Cucumis greatly changes the natural geographic range of the genus, extending it throughout the Malesian region and into Australia. The closest relative of Cucumis is Muellerargia, with one species in Australia and Indonesia, the other in Madagascar. Cucumber and its sister species, C. hystrix, are nested among Australian, Malaysian, and Western Indian species placed in Mukia or Dicaelospermum and in one case not yet formally described. Cucumis melo is sister to this Australian/Asian clade, rather than being close to African species as previously thought. Molecular clocks indicate that the deepest divergences in Cucumis, including the split between C. melo and its Australian/Asian sister clade, go back to the mid-Eocene. Conclusion: Based on congruent nuclear and chloroplast phylogenies we conclude that Cucumis comprises an old Australian/Asian component that was heretofore unsuspected. Cucumis sativus evolved within this Australian/Asian clade and is phylogenetically far more distant from C. melo than implied by the current morphological classification

    Entrepreneurs' gender and financial constraints: evidence from international data

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    This paper studies gender discrimination against entrepreneurs by financial institutions. Based on the cross-country Business Environment and Enterprise Performance Survey (BEEPS) our analysis suggests that, compared to male-managed counterparts, female-managed firms are less likely to obtain a bank loan. In addition, we find that female entrepreneurs are charged higher interest rates when loan applications are approved. There is also some evidence that the gender differences in access to financing vanish with the level of financial development, which is consistent with the Becker-type discrimination. The results of our analysis are robust to a number of specification checks.Entrepreneurship, financial constraints, gender, discrimination

    An Assessment of Fractal Characterization Methods for 1/f Processes with Application to the Analysis of Stride Interval Time Series

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    The time evolution and complex interactions of many nonlinear systems, such as in the human body, result in fractal types of parameter outcomes that exhibit self similarity over long time scales by a power law in the frequency spectrum S(f) = 1/f. The scaling exponent can be interpreted as the degree of fractal characteristic and thus as a "biomarker" of relative health and decline. This thesis presents a thorough numerical analysis of fractal characterization techniques with specific consideration given to experimentally measured gait stride interval time series. The ideal fractal signals generated in the numerical analysis are constrained under varying lengths and biases indicative of a range of physiologically conceivable fractal signals. This analysis is to complement previous investigations of fractal characteristics in healthy and pathological gait stride interval time series, with which this study is compared. The comparative numerical analysis and experimental applications provide a thorough basis for determining an appropriate and robust method for measuring and comparing a physiologically meaningful biomarker, the spectral index. In consideration of the constraints in applications, the significant drawbacks of proposed time domain methods are noted, and it is concluded that time-scale domain wavelet methods can provide a reasonably consistent and accurate biomarker technique for these fractal time series

    Multi-Sided Boundary Labeling

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    In the Boundary Labeling problem, we are given a set of nn points, referred to as sites, inside an axis-parallel rectangle RR, and a set of nn pairwise disjoint rectangular labels that are attached to RR from the outside. The task is to connect the sites to the labels by non-intersecting rectilinear paths, so-called leaders, with at most one bend. In this paper, we study the Multi-Sided Boundary Labeling problem, with labels lying on at least two sides of the enclosing rectangle. We present a polynomial-time algorithm that computes a crossing-free leader layout if one exists. So far, such an algorithm has only been known for the cases in which labels lie on one side or on two opposite sides of RR (here a crossing-free solution always exists). The case where labels may lie on adjacent sides is more difficult. We present efficient algorithms for testing the existence of a crossing-free leader layout that labels all sites and also for maximizing the number of labeled sites in a crossing-free leader layout. For two-sided boundary labeling with adjacent sides, we further show how to minimize the total leader length in a crossing-free layout

    Kinetic and Cyber

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    We compare and contrast situation awareness in cyber warfare and in conventional, kinetic warfare. Situation awareness (SA) has a far longer history of study and applications in such areas as control of complex enterprises and in conventional warfare, than in cyber warfare. Far more is known about the SA in conventional military conflicts, or adversarial engagements, than in cyber ones. By exploring what is known about SA in conventional, also commonly referred to as kinetic, battles, we may gain insights and research directions relevant to cyber conflicts. We discuss the nature of SA in conventional (often called kinetic) conflict, review what is known about this kinetic SA (KSA), and then offer a comparison with what is currently understood regarding the cyber SA (CSA). We find that challenges and opportunities of KSA and CSA are similar or at least parallel in several important ways. With respect to similarities, in both kinetic and cyber worlds, SA strongly impacts the outcome of the mission. Also similarly, cognitive biases are found in both KSA and CSA. As an example of differences, KSA often relies on commonly accepted, widely used organizing representation - map of the physical terrain of the battlefield. No such common representation has emerged in CSA, yet.Comment: A version of this paper appeared as a book chapter in Cyber Defense and Situational Awareness, Springer, 2014. Prepared by US Government employees in their official duties; approved for public release, distribution unlimited. Cyber Defense and Situational Awareness. Springer International Publishing, 2014. 29-4
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