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The empirical literature on executive pay: context, the pay-performance issue and future directions
Get PDFCost-efficient performance-vesting equity
Get PDFWe analyze the incentive effects of the Performance-Vesting Equity (PVE) component of executive pay that is characterized by zero exercise price and performance-contingent vesting. We demonstrate how PVE with upward-sloping convex/concave vesting curves can be a more efficient risk-sharing and incentive alignment device than strictly convex stock options
Bankers' bonuses and the financial crisis: context, evidence and the rhetoric–policy gap
No full textObservation of electron cyclotron harmonic emissions due to electrostatic instabilities in mirror-confined plasma
No full textToroidal mirror system
No full textA study is made of a toroidally linked mirror system with a zero rotational transform and a three-dimensional magnetic field that ensures good confinement of charged particles. A toroidally linked magnetic mirror configuration at low plasma pressures is calculated by numerically solving the isometry equation for the magnetic field to second order in the small parameter of the paraxial approximation. The calculations carried out with the VMEC code for a particular linked magnetic mirror configuration demonstrate the possibility of achieving good confinement of drifting particles. The calculated results show that it is, in principle, possible to link mirror cells into a toroidal configuration capable of providing plasma confinement at a tokamak level. (C) 2002 MAIK "Nauka/Interperiodica"
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