1,591 research outputs found

    Miocene deep water agglutinated foraminifera from Viosca Knoll, offshore Louisiana (Gulf of Mexico)

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    An exploration well from the Gulf of Mexico, Amoco Viosca Knoll-915, has been studied in order to document the Neogene foraminiferal assemblages. Ditch cuttings samples from the Amoco V.K. 915 well yielded diverse assemblages of agglutinated and calcareous benthic foraminifera over a stratigraphic interval of 2940 m. Three species associations can be identified in the studied interval; the stratigraphical location of these associations is evident when total agglutinated species abundance for each sampling interval is plotted. In this study we use a combination of morphotype habitat preference and test functional morphology to interpret depositional environments. The associations indicate a change from a well-ventilated water column, to the development of a strong oxygen minimum zone characterised by alveolar foraminifera. The species composition of the lowermost association indicates a depositional environment dominated by fine-grained overbank fines and channel levee deposits, in agreement with sedimentological data. Colour plates of key agglutinates species are presented, created using digital image manipulation techniques (Palaeovision Technique, NHM)

    Financial Expertise as an Arms Race

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    We propose a model in which firms involved in trading securities overinvest in financial expertise. Intermediaries or traders in the model meet and bargain over a financial asset. As in the bargaining model in Dang (2008), counterparties endogenously decide whether to acquire information, and improve their bargaining positions, even though the information creates adverse selection. We add to this setting the concept of "financial expertise" as resources invested to lower the cost of later acquiring information about the value of the asset being traded. These investments are made before the parties know about their role in the bargaining game, as proposer or responder, buyer or seller. A prisoner's dilemma arises because investments to lower information acquisition costs improve bargaining outcomes given the other party's information costs, even though the information has no social benefit. These investments lead to breakdowns in trade, or liquidity crises, in response to random but infrequent increases in asset volatilityFinancial services;over-the-counter markets;financial crisis

    Financial Expertise as an Arms Race

    Get PDF
    We propose a model in which rms involved in trading securities overinvest in financial expertise. Intermediaries or traders in the model meet and bargain over a financial asset. As in the bargaining model in Dang (2008), counterparties endogenously decide whether to acquire information, and improve their bargaining positions, even though the information creates adverse selection. We add to this setting the concept of "financial expertise" as resources invested to lower the cost of later acquiring information about the value of the asset being traded. These investments are made before the parties know about their role in the bargaining game, as proposer or responder, buyer or seller. A prisoner's dilemma arises because investments to lower information acquisition costs improve bargaining outcomes given the other party's information costs, even though the information has no social benefit. These investments lead to breakdowns in trade, or liquidity crises, in response to random but infrequent increases in asset volatility

    Financial Expertise as an Arms Race

    Get PDF
    We propose a model in which rms involved in trading securities overinvest in financial expertise. Intermediaries or traders in the model meet and bargain over a financial asset. As in the bargaining model in Dang (2008), counterparties endogenously decide whether to acquire information, and improve their bargaining positions, even though the information creates adverse selection. We add to this setting the concept of "financial expertise" as resources invested to lower the cost of later acquiring information about the value of the asset being traded. These investments are made before the parties know about their role in the bargaining game, as proposer or responder, buyer or seller. A prisoner's dilemma arises because investments to lower information acquisition costs improve bargaining outcomes given the other party's information costs, even though the information has no social benefit. These investments lead to breakdowns in trade, or liquidity crises, in response to random but infrequent increases in asset volatility

    The stone adze and obsidian assemblage from the Talasiu site, Kingdom of Tonga

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    Typological and geochemical analyses of stone adzes and other stone tools have played a significant role in identifying directionality of colonisation movements in early migratory events in the Western Pacific. In later phases of Polynesian prehistory, stone adzes are important status goods which show substantial spatial and temporal variation. However, there is a debate when standardisation of form and manufacture appeared, whether it can be seen in earliest populations colonising the Pacific or whether it is a later development. We present in this paper a stone adze and obsidian tool assemblage from an early Ancestral Polynesian Society Talasiu site on Tongatapu, Kingdom of Tonga. The site shows a wide variety of adze types; however, if raw material origin is taken into account, emerging standardisation in adze form might be detected. We also show that Tongatapu was strongly connected in a network of interaction to islands to the North, particularly Samoa, suggesting that these islands had permanent populations

    Geometric Aspects of D-branes and T-duality

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    We explore the differential geometry of T-duality and D-branes. Because D-branes and RR-fields are properly described via K-theory, we discuss the (differential) K-theoretic generalization of T-duality and its application to the coupling of D-branes to RR-fields. This leads to a puzzle involving the transformation of the A-roof genera in the coupling.Comment: 26 pages, JHEP format, uses dcpic.sty; v2: references added, v3: minor change

    Parafermionic algebras, their modules and cohomologies

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    We explore the Fock spaces of the parafermionic algebra introduced by H.S. Green. Each parafermionic Fock space allows for a free minimal resolution by graded modules of the graded 2-step nilpotent subalgebra of the parafermionic creation operators. Such a free resolution is constructed with the help of a classical Kostant's theorem computing Lie algebra cohomologies of the nilpotent subalgebra with values in the parafermionic Fock space. The Euler-Poincar\'e characteristics of the parafermionic Fock space free resolution yields some interesting identities between Schur polynomials. Finally we briefly comment on parabosonic and general parastatistics Fock spaces.Comment: 10 pages, talk presented at the International Workshop "Lie theory and its applications in Physics" (17-23 June 2013, Varna, Bulgaria

    String Pair Creations in D-brane Systems

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    We investigate the criterion, on the Born-Infeld background fields, for the open string pair creation to occur in Dpp-(anti-)Dpp-brane systems. Although the pair creation occurs generically in both Dpp-Dpp and Dpp-anti-Dpp systems for the cases which meet the criterion, it is more drastic in Dpp-anti-Dpp-brane systems by some exponential factor depending on the background fields. Various configurations exhibiting pair creations are obtained via duality transformations. These include the spacelike scissors and two D-strings (slanted at different angles) passing through each other. We raise the scissors paradox and suggest a resolution based on the triple junction in IIB setup.Comment: V2. 1+28 pages, 5 figures in JHEP3, minor changes, added reference

    Entropy of Lovelock Black Holes

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    A general formula for the entropy of stationary black holes in Lovelock gravity theories is obtained by integrating the first law of black hole mechanics, which is derived by Hamiltonian methods. The entropy is not simply one quarter of the surface area of the horizon, but also includes a sum of intrinsic curvature invariants integrated over a cross section of the horizon.Comment: 15 pages, plain Latex, NSF-ITP-93-4

    Characterization of active and total fungal communities in the atmosphere over the Amazon rainforest

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    Fungi are ubiquitous in the atmosphere and may play an important role in atmospheric processes. We investigated the composition and diversity of fungal communities over the Amazon rainforest canopy and compared these communities to fungal communities 5 found in terrestrial environments. We characterized the total fungal community and the metabolically active portion of the community using high-throughout DNA and RNA sequencing and compared these data to predictions generated by a mass-balance model. We found that the total community was primarily comprised of fungi from the phylum Basidiomycota. In contrast, the active community was primarily composed of 10 members of the phylum Ascomycota and included a high relative abundance of lichen fungi, which were not detected in the total community. The relative abundance of Basidiomycota and Ascomycota in the total and active communities was consistent with our model predictions, suggesting that this result was driven by the relative size and number of spores produced by these groups. When compared to other environments, 15 fungal communities in the atmosphere were most similar to communities found in tropical soils and leaf surfaces, suggesting that inputs of fungi to the atmosphere are from local, rather than distant, sources. Our results demonstrate that there are significant differences in the composition of the total and active fungal communities in the atmosphere, and that lichen fungi, which have been shown to be efficient ice nucleators, 20 may be abundant members of active atmospheric fungal communities over the forest canopy
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