Annual report of the National Science Board.

5th ed.

Annual report of the National Science Board.

8th ed.

Agriculture of Maine. ... annual report of the Secretary of the Maine Board of Agriculture.

1863

Agriculture of Maine. ... annual report of the Secretary of the Maine Board of Agriculture.

1862

Agriculture of Maine. ... annual report of the Secretary of the Maine Board of Agriculture.

1880

Does bounded rationality lead to individual heterogeneity? The impact of the experimentation process and of memory constraints

In this paper we explore the effect of bounded rationality on the convergence of individual behavior toward equilibrium. In the context of a Cournot game with a unique and symmetric Nash equilibrium, firms are modeled as adaptive economic agents through a genetic algorithm. Computational experiments show that (1) there is remarkable heterogeneity across identical but boundedly rational agents; (2) such individual heterogeneity is not simply a consequence of the random elements contained in the genetic algorithm; (3) the more rational agents are in terms of memory abilities and pre-play evaluation of strategies, the less heterogeneous they are in their actions. At the limit case of full rationality, the outcome converges to the standard result of uniform individual behavior.

O órgão odorífero do macho de Athysania hesione Dry: (Lepidoptera, Noctuidae)

O órgão odorífero de Athysania hesione (e outras espécies próximas) está situado na face externa da segunda tíbia e compõe-se de uma região estreita tomada de células glandulares, situada no bordo posterior da tíbia cuja superfície externa forma um sulco longitudinal. Na parte proximal do núcleo insere-se um grande pincel distribuidor, cujas cerdas estão deitadas no sulco, onde entram em contato com as escamas odoríferas. Em virtude do enchimento de um saco traqueal, situado no interior da tíbia a pressão da hemolinfa aumenta, causando uma deformação da área de inserção do pincel que, por sua vez, sai do sulco, abrindo-se a fim de possibilitar a evaporação da secração. Depois da função, o pincel volta à posição de repouso graças à elasticidade da cutícula da área de inserção. O órgão é protegido por meio de séries de escamas protetoras de grandes superfícies. A célula glandular, excepcionalmente volumosa, localiza-se entre o sincício da hipoderme e a membrana basal (fig. 5). As células tricogêneas das cerdas do pincel distribuidor e das escamas protetoras possuíram, em épocas filogenéticas, função glandular; encontra-se, ainda hoje, no interior das primeiras, um aparelho excretor (fig. 9), sendo porém o seu núcleo e protoplasma completamente inativos, dando aos mesmo um aspecto de degenração.

Corporate governance in banking: the role of board of directors

We test hypotheses on the dual role of boards of directors for a sample of large international commercial banks. We find an inverted U shaped relation between bank performance and board size that justifies a large board and imposes an efficient limit to the board’s size; a positive relation between the proportion of non-executive directors and performance; and a proactive role in board meetings. Our results show that bank boards’ composition and functioning are related to directors’ incentives to monitor and advise management. All these relations hold after we control for bank business, institutional differences, size, market power in the banking industry, bank ownership and investors’ legal protection.

Subject in Process

Combined media on photographic paper. 51¼" x 83" Private Collection

Cooperative vs. non-cooperative mechanisms in the EU decision making process

According to the account of the European Union (EU) decision making proposed in this paper, this is a bargaining process during which actors shift their policy positions with a view to reaching agreements on controversial issues.