Stable oxygen and carbon isotopic composition of foraminifera and sea water from the Arctic Ocean

O18/O16 data on a depth profile of water samples from the Arctic Ocean reveal that near surface water is depleted in O18 by about 4 per mil, but water at depths greater than 350 meters reaches near normal open ocean water composition. The O18 profile very closely follows the salinity profile, with deltaO18 changing by about 0.8 per mil per 1 per mil salinity change. The results of deltaO18 measurements on the pelagic species Globigerina pachyderma from a composite core show that the deltaO18 value has not changed since the latter part of the last glacial period. This constancy we take to indicate that the temperature and the deltaO18 value of the water in which these foraminifera grew have not changed significantly since that time. Such a conclusion seems to imply that the present ice coverage in the Arctic Ocean has remained unchanged during the last 25,000 years. However, the deltaO18 value of benthonic foraminifera shows a shift of 1.2 per mil between the end of the last glacial period and the present warm period. This shift is consistent with the idea that the deep water mass of the Arctic Ocean is formed outside the Arctic basin. The information on the deltaO18 value of the benthonic foraminifera from the top of the core was used in conjunction with the data on deltaO18 and temperature of the bottom water to establish the constant in the empirical equation relating deltaO18 values to temperature for the preparation procedure used in our laboratory. Based on this calibration, the data confirm A. W. H. Bé's contention (personal communication, 1960) that G. pachyderma incorporates about one-half of its CaCO3 below 300 meters.

Riesgo conductual en el mercado de valores en Colombia entre 2010 y 2015

Durante los últimos años, la teoría financiera y económica se ha interesado en estudiar los factores que influencian la toma de decisiones y por qué, en muchas ocasiones, debido a los incentivos de los individuos no son óptimas. Este trabajo, desde la economía comportamental tiene como objetivo identificar, clasificar y analizar el riesgo conductual en el mercado de valores de Colombia, por medio de la revisión de las actas de terminación anticipada, expedidas a las personas naturales vinculadas durante el período 2010-2015. Los principales resultados indican que aproximadamente el 80% de las conductas se evidencian en exceder el mandato de los clientes, hacer uso indebido de sus recursos, omitir el deber de asesoría y obstruir la revelación de información a los clientes.

Undermined climate policies : a study on the impact of regulatory and financial discrimination across heterogeneous firms in China

Firms in China within the same industry but with different ownership and size have very different production functions and can face very different emission regulations and financial conditions. This fact has largely been ignored in most of the existing literature on climate change. Using a newly augmented Chinese input–output table in which information about firm size and ownership are explicitly reported, this paper employs a dynamic computable general equilibrium (CGE) model to analyze the impact of alternative climate policy designs with respect to regulation and financial conditions on heterogeneous firms. The simulation results indicate that with a business-as-usual regulatory structure, the effectiveness and economic efficiency of climate policies is significantly undermined. Expanding regulation to cover additional firms has a first-order effect of improving efficiency. However, over-investment in energy technologies in certain firms may decrease the overall efficiency of investments and dampen long-term economic growth by competing with other fixed-capital investments for financial resources. Therefore, a market-oriented arrangement for sharing emission reduction burden and a mechanism for allocating green investment is crucial for China to achieve a more ambitious emission target in the long run.

Using a Bayesian model for estimating air borne infection risks: Fusarium head blight.

2016