... which are seen as a form of market imperfection. The
mainstream theoryof the firm evolved under the paradigm of the agency
theory and the transaction costs theory as a theoryof economic organization
rather ... A theoryof bank capital, Journal of Finance
55, 2431-2465.
Diamond, D.W., and Rajan R.G. (2001). Liquidity risk, liquidity creation, and financial
fragility: A theoryof banking, Journal of ... review the doctrines of the theoryof financial intermediation.
2
These
are specifications, relevant to the financial services industry, of the agency
theory, and the theoryof imperfect or asymmetric...
... efficiently, the reputational
capital of an agent must equal the present value of the stream of future profits, or franchise value,
of her business.
The concept of reputational capital is meaningful ... Structural implications of CTF
Circuit theoryof finance (CTF) bears important implications in terms of financial market
structure, microeconomic imbalances, and the role of saving for economic ... on the basis of verifiable and tested information. Information providers might be either
profit or non-profit outfits.
Providers of customized information might operate for a profit and sell...
... domain, X(f )issimplyacopyofthe
spectrum
˜
X(f) shifted to a center frequency of f =+f
c
and a mirror copy of
˜
X(f)shifted
to a center frequency of f = −f
c
.
The operationof modulation can be defined ... The theory is applicable to any type of wireless data transmission, regardless of
bandwidth, carrier frequency, or environment of operation.
The final chapters of the dissertation deal with applied ... coherence if the magnitude of the carrier wave does not
change over a spatial displacement of the receiver. Once again, we express the condition
of spatial coherence in terms of the static narrowband...
... see
that the growth of the number of operations (the high order term, that is) is governed by M and not
by A or S. A major goal of complexity theory is the understanding of computational requirements
as ... behavior of the number
of multiplications is also quadratic.
Convolution algebras are derived from algebras of polynomials. Given a polynomial P (u) of
degree D, one can define an algebra of dimension ... Introduction
Complexity theoryof computation attempts to determine how “inherently” difficult are certain
tasks. For example, how inherently complex is the task of computing an inner product of two
vectors of length...
... number of
collisions per particle (a measure of time), given by
τ ≡
t
0
T
1/2
(t
)
dt
.
The use of this measure of time renders the equations of motion linear.
The three eigenvalues of this ... of the linearised Boltzmann equation, at each order in the
expansion. Since the solution of equations of the type of Eq. (12.22) is determined
up to the addition of an arbitrary combination of ... the inelastic nature of the collisions, is a funda-
mental property of these gases, and it is the root cause of many important properties
thereof, including the promotion of negligible effects...
... into a theoryof
inventive problem solving which he named TRIZ.
3.0 TRIZ:
The Theoryof Inventive Problem Solving
There are a number of laws in the theoryof TRIZ. One of them is the Law of Increasing ...
Xerox Corporation
7.0 TRIZ Software
Because TRIZ is built on a database of hundreds of thousands of patents, principles, operators,
contradictions, etc. use of software helps engineers with ... products. Here is a brief description of the software.
Software Name Purpose Sample of Software Screen
Improver
Improve existing designs
Improve manufacturing process
Improve system performance...
... EFFICIENCY OF CAPITAL
12.
THE STATE OF LONG-TERM EXPECTATION
13.
THE GENERAL THEORYOF THE RATE OF INTEREST
14.
THE CLASSICAL THEORYOF THE RATE OF INTEREST
o
APPENDIX ON THE RATE OF INTEREST ... advantages of private and national thrift, the
traditional attitude towards the rate of interest, the classical theoryof unemployment, the
quantity theoryof money, the unqualified advantages of laissez-faire ...
the amount of the excess of normal profit over the actual profit. I am afraid that this use
of terms has caused considerable confusion, especially in the case of the correlative use
of saving;...
... dividend) made during the holding
period
Copyright 2011
Pearson Canada Inc.
7-
18
Rationale Behind the Theory
↑⇒↓⇒<
↓⇒↑⇒>
of
t
of
of
t
*of
R PR* R
R P RR
until
R
of
= R*
In an efficient ... security
t
t1t
P
CPP
R
+−
=
+
R = the rate of return on the security
P
t+1
= price of the security at time t+1, the end of the holding
period
Pt = price of the security at time t, the beginning of the holding
period
C ... 2011
Pearson Canada Inc.
7-
13
Formal Statement of the Theory
X
e
= X
of
X
e
= expectation of the variable that is being forecast
X
of
= optimal forecast using all available information
...
... average"
One of the keys of the kinetic-molecular model is to relate pressure
to collisions of molecules with any wall:
4/22/2008 4
§1. Kinetic–molecular model of an ideal gas:
1.1 Equations of state of ... principle of equipartition of energy we have, in average,
for each of degree of freedom:
kT
For three orthogonal directions there are six degree of freedom
4/22/2008 8
1.2 Kinetic-molecular model of ... number of molecules having velocities
in the “volume” element is
(N: the total number of molecules
of the whole system)
The number of molecules with speeds between v and v + Δv is the
number of loints...