This paper demonstrates that limited participation can arise endogenously in the presence of model uncertainty. The model generates novel predictions on how limited participation relates to equity premium and diversi.cation discount. When the dispersion in investors’ model uncertainty is small, full participation prevails in equilibrium. In this case, equity premium...
1. Introduction Many industrial applications deal with the problem of routing a fleet of vehicles from a depot to service a set of customers that are geographically dispersed. This type of problem is faced daily by courier services (e.g., Federal Express, United Parcel Service and the Overnight United...
The European Commission sent, on 17 October, a reasoned opinion to Portugal for failure to fulfil its obligations on basic safety standards for the protection of health of workers and the general public from ionising radiation (Directive 96/29/Euratom). Portugal has notified transposition measures which are dispersed...
MEETINGS AND CONFERENCES The 2007 International Symposium on Air Quality and Waste Management for Agriculture is the result of combining two historic symposiums in an effort to facilitate an increased information exchange and networking opportunities. The Symposium will be held Sept. 15-19 in Broomfield, Colo., just...
The 2007 International Symposium on Air Quality and Waste Management for Agriculture is the result of combining two historic symposiums in an effort to facilitate an increased information exchange and networking opportunities. [ILLUSTRATION OMITTED] The Symposium will be held Sept. 15-19 in Broomfield, Colo., just outside...
The 2007 International Symposium on Air Quality and Waste Management for Agriculture is the result of combining two historic symposiums in an effort to facilitate increased information exchange and networking opportunities. [ILLUSTRATION OMITTED] The Symposium, Sept. 15-19, in Broomfield, Colo., just outside of Boulder, will include...
BOOKS This book explores the structure, growth and effectiveness of virtual communities in computer-mediated environments. In spite of initial enthusiasm, much uncertainty remains about the prospects of virtual teams and the technology that supports their collaboration. This book seeks to confront these issues and offers a unique...
Fiber dispersion is an important factor that affects both the fresh and hardened state properties of cement-based materials. While there are some well-studied, fundamental methods for monitoring fiber dispersion, most of them are destructive and time-consuming. Previous work has shown that AC-impedance spectroscopy (AC-IS) can be used as an effective...
Gov. Kathleen Babineaux Blanco said she issued an executive order delaying Orleans Parish elections indefinitely after Hurricane Katrina destroyed voting machines, entire precincts and displaced more than 300,000 citizens. Because of this damage and the uncertainty of locating voters dispersed throughout the country, Blanco followed the recommendation of Secretary of...
In September 2002, a new market in "Economic Derivatives" was launched Mowing traders to take positions on future values of several macroeconomic data releases. Gurkaynak and Wolfers provide an initial analysis of the prices of these options. They find that expectations derived from these market prices are somewhat more accurate...
NEW YORK -- Emeka Okafor sat inside a hotel ballroom completely unaware he was setting a record for most shoulder shrugs. On the day before the NBA draft, Okafor still had no idea where he'll be headed - - or whether he'll be chosen first or second. ...
AAP Sports News Australia01-09-2004Bask: Taylor rises in Phoenix but won't shine much for Opals By Laine Clark SYDNEY, Jan 9 AAP - Relief for Australian basketball star Penny Taylor has led to anotherheadache for Opals coach Jan Stirling as she prepares for the Athens Olympics. ...
OAKLAND -- Criminal charges against the son of Richmond Police Chief Joseph Samuels Jr., stemming from a confrontation he had last year with Emeryville officers, were dismissed Friday by prosecutors who cited his clean past and trial uncertainties. Another factor in the dismissal of three misdemeanor...
Findings from the larger body of geographic variations research exploring hospital use rates among community-based populations offers insight regarding methods that are likely to be useful in exploring variations in hospitalization rates among nursing home based populations. For example, previous studies have established that community hospital discharge rates for certain...
Note: Terminology in This Special Issue. NIST's policy is to closely follow international guidelines in terminology for expressing both the uncertainties of measured quantities and the units of physical quantities. You might notice that policy at work in the terms that are emphasized and terms that are avoided...
The early development of quantitative electron probe microanalysis, first using crystal spectrometers, then energy dispersive x-ray spectrometers EDXS, demonstrated that elements could be detected at 0.001 mass fraction level and major concentrations measured within 2 % relative uncertainty. However, during this period of extensive investigation and evaluation, EDXS detectors were...
* Location: U.K. North Sea * Problem: Operator needed efficient means to drill pilot holes and geologic sidetracks due to geological uncertainty and inter-dispersed reservoir shales. * Solution: INTEQ's AutoTrak * RCLS and Hughes Christensen TX488 bits, for 12 1/4-in and 8...
OFS, designer, manufacturer and supplier of fiber optic products, announced the general availability of its RightWave Tunable Dispersion Compensator, the newest member of the RightWave family of dispersion management products from its Specialty Photonics Division. This dynamically adjustable, all-optical device is based upon proven OFS technology and is a key...
To meet the emerging metrology needs of the telecommunications industry, NIST scientists have significantly improved NISTs measurement capabilities for chromatic dispersion. Dispersion causes data pulses in optical fiber systems to broaden, resulting in transmission errors. Previously, NIST produced Standard Reference Material 2524, which was an artifact with a certified zero-dispersion...
Measurements Polarization-mode dispersion PMD is the parameter currently limiting higher data rates in optical fiber communications. Therefore, it is critical to have PMD metrology able to characterize these systems. In order to achieve high data rates, wavelength channel spacings are steadily decreasing from 200 GHz to 25 GHz and narrower....
Articles 2001-07-01
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