theory of diffusion and pharmaceutical applications

... Chapter 15 bundles of annuities and long-term care insurance (at ages 65 and 75) and found that the cost of the hypothetical bundle was lower by to percent compared to the cost of these products ... X1 and X2 when purchased by a type α individual are c1 (α) = α and c2 (α) = − α, respectively The unit costs of Y are unity (= 1) Suppose that X1 and X2 are offered separately at prices p1 and ... where a is the amount of annuities, z is expected lifetime, b is the amount of life insurance (=bequests), and y is the amount of the numeraire Utility of consumption, u, and the utility from...

Ngày tải lên: 21/06/2014, 08:20

... state i, i = 1, 2, and β= pz1 , pz1 + (1 − p)z2 ≤ β ≤ This is an important result: In the first best, optimum consumption and age of retirement are independent of the state of nature This is equivalent, ... rate of return takes into account the amount of annuities purchased or sold by the two risk classes Assuming that ˆ (z) > 0, i = 1, 2, r p (z) is seen to be a weighted average of r1 (z) and r2 ... positive holdings of annuities by both risk classes Comparing (9.9) and (9.10) with (8.25) and (8.26), it is seen that r p (z) < r (z) for all z, M < z < T The pooling rate of return on annuities,...

Ngày tải lên: 21/06/2014, 08:20

... series of studies (Hurd, McFadden, and Gan, 2003; Hurd, McFadden, and Merrill, 1999; Hurd, Smith, and Zissimopoulos, 2002; Hurd and McGarry, 1993; Manski, 1993) have tested this assumption and examined ... purposes (Davidoff, Brown, and Diamond, 2005) is that often short-term transactions in annuities are not available and the gap between the optimum consumption trajectory and the flow of annuity payouts ... and seen from (8.21), the interpretation of this result is that the flow of returns from annuities held at age M can be matched, using the relevant risk-class survival function of the holder of...

Ngày tải lên: 21/06/2014, 08:20

... while working and a flow of ρc during retirement Since income is normalized to 1, c is the rate of consumption, and − c is the rate of savings when working Typically, the ratio of consumption ... (2001) report that at age 65, 12 percent of men and percent of women will die prior to their 70th birthday, while 17.5 percent of men and 31.4 percent of women will live to age 90 or beyond Figure ... flows of outlays and revenues August 22, 2007 Time: 09:50am chapter01.tex Introduction • and distributional concerns (e.g., the effects of price or wage indexation on the level and distribution of...

Ngày tải lên: 21/06/2014, 08:20

... bequests and, 82; bundling and, 131; defined, 67; empirical importance of, 67; general model for, 69–71; proof of, 76; rate of return and, 71; refundable annuities and, 144–49; risk class and, 67–76 ... demand and, 69, 70; asymmetric information and, 119–22; bequests and, 82; bundling and, 133; cost effects and, 119–20; couples and, 40–41; defined, 67; general model for, 69–71; insurance and, ... predetermined flow of returns and, 63; present/future selves and, 48–50; risk pooling by couples and, 40–41; self selection and, 82–83, 90–93; survival probabilities and, 45–50; timing of purchases and, 135–37...

Ngày tải lên: 21/06/2014, 08:20

... Absorbance of (a) Soret band (pH, a to l = 1.2 to 10) and Q band in (b) acidic and (c) neutral to alkaline pH 75 Figure 8: (a) effect of pH on fluorescence emission spectra of Ce6 (pH, ... conformation of Ce6-PVP complex and (b) energy vs time profile of the simulation period 97 Figure 19: uv-vis spectra of Ce6 for varying concentrations of SEL [a to h = 0.5 x CMC to 20 x CMC] (inset: Q band ... efficiency of Ce6 in the presence of different concentrations of (a) PVP K17 and (b) SEP 120 Figure 29: Uptake of Ce6 by OSC cells from formulations consisting of (a) Ce6-SEP and (b) Ce6-PVP...

Ngày tải lên: 08/09/2015, 19:22

... build up specialized knowledge of the enterprises’day-to-day business and liquidity, and of short-term developments of demand and supply in the specific sectors and markets where enterprises operate ... behavior and sanction misbehavior.21 s The economic literature offers plenty of examples and a sound body of theory in support of the argument that, in an environment with limited information and ... creation of franchise value should go hand in hand with development of a strong regulatory and supervisory regime This should include incentives to align the interests of owners and managers of market...

Ngày tải lên: 24/10/2012, 09:33

... CONCEPT OF THE VALUE OF MONEY Subjective and Objective Factors in the Theory of the Value of Money The Objective Exchange-Value of Money The Problems Involved in the Theory of the Value of Money ... parts of the theory of the value of money Professor von Mises shares with Marshall and one or two others the merit of having assimilated the treatment of this theory to the general categories of ... units of the commodity m, B two units of the commodity n, and C two units of the commodity 0, and that A wishes to acquire one unit of each of the commodities nand 0, B one unit of each of the...

Ngày tải lên: 16/02/2014, 03:20

... units of the commodity m, B two units of the commodity n, and C two units of the commodity o, and that A wishes to acquire one unit of each of the commodities n and o, B one unit of each of the ... http://www.econlib.org/library/Mises/msT0.html (2 of 11) [10/27/2004 3:32:01 PM] Mises, The Theory of Money and Credit, About the Book and Author: Library of Economics and Liberty One of the main tasks of economics is to explode ... circumstances of gold production, but in the policies of governments and banks -of- issue Dependence of the value of money on the production of gold does at least mean its independence of the politics of...

Ngày tải lên: 15/03/2014, 07:20

... which, unlike our common meter of to-day, consisted of two short lines of fours, one of six, two of fours, and one of six, with a long note at the beginning and the end of each line, thus (Ex IX) ... Spinet and IT Harpsichord First Piano Development and Use of the Piano Great Composers and Players Study and Practice for the Piano Outline of a Course of Work THE OCTAVE STACCATO Positive and Negative ... Variety Monotony Scientific Value of Musi Plan of a Musical Work and Landscape Unfolding of Musical Faculty Beethoven and Shakespeare Thought and Emotion Selection of Ap propriate Form Conformity...

Ngày tải lên: 15/03/2014, 13:44

... consists of distinguished men and women of science and learning, and of outstanding achievers and entrepreneurs from industry, governments, and international organizations, along with promising and ... support of this conference by Lady Blanka Rosenstiel, Founder and President of the American Institute of Polish Culture, Chopin Foundation and Honorary Consul of the Republic of Poland in Miami, and ... Generalized Theory of Gravitation, and SuperstringTheory-Based Unification This page intentionally left blank Quantum Gravity, Generalized Theory of Gravitation, and Superstring Theory- Based...

Ngày tải lên: 17/03/2014, 14:41

... terms of a co-recursion in which the similarity of properties is defined in terms of the similarity of arguments, and the similarity of arguments is defined in terms of the similarity of properties ... provides an analysis of VP ellipsis in the context of a theory of discourse structure and coherence, using an extension of Discourse Representation Theory The resolution of VP ellipsis is driven ... Jerry R and Andrew Kehler Forthcoming A general theory of parallelism and the special case of VP ellipsis Technical report, SRI International Hobbs, Jerry R., Mark E Stickel, Douglas E Appelt, and...

Ngày tải lên: 24/03/2014, 03:21

... value of the game Proof One possible proof of this result is similar to that of Proposition 2.1, just using the definition of the pay-off function for mixed strategies There is an alternative proof ... existence of an equilibrium point Proposition 2.3 Every 2-person zero-sum game of complete information has at least one equilibrium point Proof The proof of this result is similar to that of Theorem ... for the game where two players get one card each out of a deck of three (consisting, say, of J, Q and K) Count the number of different deals, and then the number where Player has the higher card...

Ngày tải lên: 08/04/2014, 12:17

Ngày tải lên: 13/05/2014, 09:35

Ngày tải lên: 13/05/2014, 12:24

... account of the fundamental principles of the Mathematical theory of Electricity and Magnetism and their more important applications, using only simple mathematics With the exception of a few ... of Trinity College and Mr G F C Searle I have received who have been kind enough to read the I have also to thank Mr W Hayles of the proofs Cavendish Laboratory who has prepared many of the of ... Principles of Electrostatics Moving Electric Charges 519546 547550 ELEMENTS OF THE MATHEMATICAL THEOEY OF ELECTEICITY AND MAGNETISM CHAPTER I GENERAL PRINCIPLES OF ELECTROSTATICS Example of Electric...

Ngày tải lên: 04/06/2014, 12:29

Ngày tải lên: 05/06/2014, 11:26

... by us RAPET It stands for Reaction under Autogenic Pressure at Elevated Temperatures RAPET is being used in our laboratory for the last four years We will show that the RAPET of silanes is yielding ... SiC particles having the highest surface area The RAPET of empty Coca Cola bottles yields micron size carbon spheres with a tensile strength of 8.30±0.69 GPa ... that determine the particle size in sonoelectrochemistry are temperature, sonication intensity, and the electric pulse width Its main synthetic advantage is the ability to reduce metals for which...

Ngày tải lên: 11/06/2014, 12:29

... using the definition of the convolution product and Kronecker product of matrices, respectively Journal of Inequalities and Applications I Theorem 2.2 Let A t , B t , C t ∈ Mn , and let Dn t I δ ... and Dn t Dirac identity then we have i A•B t ii A ∗ B t if and only if A t and B t are both diagonal matrices; A•B t •Dn t A•Dn t ∗ B•Dn t Journal of Inequalities and Applications Some New Applications ... completed I Corollary 2.7 Let A t , B t ∈ Mm and Pm t be a matrix of zeros and Dm t that satisfies the T T Dm t and Pm ∗ Pm is a diagonal m2 × m2 matrix of zeros, and then the 2.17 Then Pm t ∗ Pm t following...

Ngày tải lên: 22/06/2014, 02:20

... triumphantly successful, and it stands with the work of Hadamard and de la Vall´e-Poussin, in the theory of primes, as one of the lande marks in the modern history of the theory of numbers But there ... 19 of the Proceedings of the London Mathematical Society PRINTED IN ENGLAND AT THE OXFORD UNIVERSITY PRESS End of the Project Gutenberg EBook of Some Famous Problems of the Theory of Numbers and ... theory to be; and in the Theory of Numbers it is singularly easy to speculate, though often terribly difficult to prove; and it is only proof that counts The next advance towards the solution of...

Ngày tải lên: 28/06/2014, 19:20