720 resultados para fee


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Engineering Workshop Practice Training is provided in the Faculty of Engineering and the Environment at the University of Southampton for engineering programme undergraduate students, typically at the end of year 1

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This paper investigates the importance of ow of funds as an implicit incentive in the asset management industry. We build a two-period bi- nomial moral hazard model to explain the trade-o¤s between ow, per- formance and fees where e¤ort depends on the combination of implicit ( ow of funds) and explicit (performance fee) incentives. Two cases are considered. With full commitment, the investor s relevant trade-o¤ is to give up expected return in the second period vis-à-vis to induce e¤ort in the rst period. The more concerned the investor is with today s pay- o¤, the more willing he will be to give up expected return in the second period by penalizing negative excess return in the rst period. Without full commitment, the investor learns some symmetric and imperfect infor- mation about the ability of the manager to obtain positive excess return. In this case, observed returns reveal ability as well as e¤ort choices. We show that powerful implicit incentives may explain the ow-performance relationship with a numerical solution. Besides, risk aversion explains the complementarity between performance fee and ow of funds.

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Os lagos de pesca recreativa, pesque-pague, surgiram no Brasil em um cenário agrícola denominado como novo rural brasileiro. Este estudo conduzido no noroeste paulista teve como foco o desempenho produtivo dos lagos de pesca recreativa. Foram feitas visitas mensais a nove empreendimentos de pesca recreativa durante seis meses. A cada visita foi aplicado um questionário contendo 13 indicadores de desempenho. Os dados levantados foram submetidos à análise multivariada (MANOVA), análise de componente principal (ACP) e análise de agrupamento. A MANOVA indicou diferenças significativas entre os lagos de pesca recreativa. A ACP revelou, a partir do coeficiente dos autovalores, três atributos: sistema produtivo, gerenciamento pesqueiro e administração operacional. A análise de agrupamento classificou os lagos de pesca recreativa em quatro grupos. Freqüência de pescadores (FP), densidade de estocagem (DE), biomassa de estocagem (BE), captura total (CT) e captura lago dia (CLD), os quais fazem parte do atributo sistema produtivo, mostrando-se os indicadores mais importantes para a avaliação de desempenho dos lagos de pesca recreativa neste estudo.

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Includes bibliography

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Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)

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The purpose of this study was to examine and describe the changes in physician provider workforce, before and after two regulatory changes were implemented by the Texas Workers' Compensation Commission (TWCC) in August and September of 2003: Fee schedules and the Approved Doctor's List (ADL). The number and type of physicians who participated in the program after the changes went into effect were measured and compared to projections based on natural attrition. In addition, interviews with key stakeholders were conducted regarding the program changes. ^ Collectively, this evidence suggests that physician response followed the same patterns as shown in previous research. The number of physicians who continued to participate and bill the Texas workers' compensation program decreased significantly as a result of the regulatory changes. The consequences of these changes on access and quality of care need to be documented with empirical research. The availability of physicians in the workforce is linked to access to care. The type and location of physicians who remained in the system also have impact on quality and access to care. ^

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Sign.: A-Z6, 2A-2E6, 2F3

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Fuero de Vizcaya, 1526. Fueros, privilegios, franquezas y libertades del M.N. y M.L. Señorío de Vizcaya. Bilbao : Juan E. Delmas, 1865. 137 h.

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The introduction of a homogeneous road charging system according to the Directive 2011/76/EU for the use of roads is still under development in most European Union (EU) member states. Spain, like other EU members, has been encouraged to introduce a charging system for Heavy Goods Vehicles (HGVs) throughout the country. This nationwide charge has been postponed because there are serious concerns about their advantages from an economic point of view. Within this context, this paper applies an integrated modeling approach to shape elastic trade coefficients among regions by using a random utility based multiregional Input- Output (RUBMRIO) approach and a road transport network model in order to determine regional distributive and substitutive economic effects by simulating the introduction of a distance-based charge (?/km) considering 7,053.8 kilometers of free highways linking the capitals of the Spanish regions. In addition, an in-depth analysis of interregional trade changes is developed to evaluate and characterize the role of the road charging approach in trade relations among regions and across freight intensive economic sectors. For this purpose, differences in trade relations are described and assessed between a base-case or ?do nothing? scenario and a road fee-charge setting scenario. The results show that the specific amount of the charge set for HGVs affect each region differently and to a different extent because in some regions the price of commodities and the Generalized Transport Cost will decrease its competiveness within the country.