Harmful competition in the insurance markets

There is a general presumption that competition is a good thing. In this paper we show that competition in the insurance markets can be bad and that adverse selection is in general worse under competition than under monopoly. The reason is that monopoly can exploit its market power to relax incentive constraints by cross-subsidization between different risk types. Cream-skimming behavior, on the contrary, prevents competitive firms from using implicit transfers. In effect monopoly is shown to provide better coverage to those buying insurance but at the cost of limiting participation to insurance. Performing simulation for di erent distributions of risk, we find that monopoly in general performs (much) better than competition in terms of the realization of the gains from trade across all traders in equilibrium. However, most of the surplus is retained by the firm and, as a result, most individuals prefer competitive markets notwithstanding their performance is generally poorer than monopoly.

On the FDI-attracting property of privatizatio

In this paper, we provide an explanation of why privatization may attract foreign investors willing to enter a regional market. Privatization turns the formerly-public firm into a less aggressive competitor since profit-maximizing output is lower than the welfaremaximizing one. The drawback is that social welfare generally decreases. We also investigate tax/subsidy competition for FDI and put forward its potentially positive role. On the one hand, it may reduce the negative impact on welfare of an FDI-attracting privatization. On the other hand, it may prevent a welfare-reducing investment by the foreign firm. This sheds light on the substitute/complementary relationship between the two policies and the two objectives of governments.

Mafia in the ballot box

We study the impact of organized crime on electoral competition. Assuming that the mafia is able to bring votes to the supported party in exchange of money, we show that (i) the strongest party is willing to pay the highest price to secure mafia services; (ii) the volume of electoral trade with the mafia increases with political competition and with the efficiency of the mafia. Studying in detail parliamentary elections in Sicily for the period 1946- 1992, we document the significant support given by the Sicilian Mafia to the Christian Democratic party, starting at least from the 1970s. This is consistent with our theoretical predictions, as political competition became much tighter during the 1970s and the Sicilian mafia experienced an extensive centralization process towards the end of the 1960s, which increased substantially its control of the territory. We also provide evidence that in exchange for its electoral support the mafia got economic advantages for its activities in the construction industry.

Competition for FDI and profit shifting: On the effects of subsidies and tax breaks

We investigate competition for FDI within a region when a foreign multinational rm can profitably exploit differences in statutory corporate tax rates by shifting taxable pro ts to lower-tax jurisdictions. In such framework we show that targeted tax competition may lead to higher welfare for the region as a whole than lump-sum subsidies when the difference in statutory corporate tax rates and/or their average is high enough. Tax competition is also preferable from an efficiency point of view (overall surplus) by changing the firm's investment decision when pro t shifting motivations induce the rm to locate in the (before tax) least pro table country.

Imaging EEG synchronization in schizophrenia patients with S-estimator

Recently a new measure of the cooperative behavior of simultaneous time series was introduced (Carmeli et al. NeuroImage 2005). This measure called S-estimator is defined from the embedding dimension in a state space. S-estimator quantifies the amount of synchronization within a data set by comparing the actual dimensionality of the set with the expected full dimensionality of the asynchronous set. It has the advantage of being a multivariate measure over traditionally used in systems neuroscience bivariate measures of synchronization. Multivariate measures of synchronization are of particular interest for applications in the field of modern multichannel EEG research, since they easily allow mapping of local and/or regional synchronization and are compatible with other imaging techniques. We applied Sestimator to the analysis of EEG synchronization in schizophrenia patients vs. matched controls. The whole-head mapping with S-estimator revealed a specific pattern of local synchronization in schizophrenia patients. The differences in the landscape of synchronization included decreased local synchronization in the territories over occipital and midline areas and increased synchronization over temporal areas. In frontal areas, the S-estimator revealed a tendency for an asymmetry: decreased S-values over the left hemisphere were adjacent to increased values over the right hemisphere. Separate calculations showed reproducibility of this pattern across the main EEG frequency bands. The maintenance of the same synchronization landscape across EEG frequencies probably implies the structural changes in the cortical circuitry of schizophrenia patients. These changes are regionally specific and suggest that schizophrenia is a misconnectivity rather than hypo- or hyper-connectivity disorder.

Rare earth elements and stable isotope geochemistry (δ13C and δ18O) of phosphorite deposits in the Gafsa Basin, Tunisia

Rare earth elements (REE) and stable isotope compositions (delta C-13 and delta O-18) of shark teeth and phosphatic coprolites were analyzed from the Lower Maastrichtian layers of the El Haria Formation and two sequences of the Paleocene-Eocene (P/E) Chouabine Formation in the Gafsa Basin (south western of Tunisia) in order to trace the sedimentological, climatic and oceanographic conditions. The REE chemistry and their distribution in the two archives are the same for each of the studied layers indicating that the coprolites and shark teeth experienced the same early diagenetic environments. However major differences occur between the Maastrichtian and the P/E reflecting changes in the depositional conditions. The Early Maastrichtian burial environment tended to be more anoxic with REE derived from reduced FeO. While in the P/E the REE patterns mimic the modern oxic-suboxic seawater, the REE source from remineralisation of organic coating could have more significance. The oxygen isotope compositions of the structural phosphates (delta O-18(PO4)) indicate a stable and warm climate during both studied time intervals. A small offset (-0.4 parts per thousand) in the delta O-18 value between the coprolites and shark teeth show minor thermal gradient between bottom and surface water. The pronounced negative shift of 34%. in delta C-13 values recorded in the upper part of the Chouabine Formation was ascribed to the Paleocene-Eocene boundary. At the same time the lack of negative change in the delta O-18 is explained by the semi-closed situation of the Gafsa Basin, which situation also played an important role in the evolution of the organic matters in the sediment resulting in the exceptional low delta C-13 values. (C) 2008 Elsevier B.V. All rights reserved.

Alpha rhythm and hypofrontality in schizophrenia

OBJECTIVE: To reveal the EEG correlates of resting hypofrontality in schizophrenia (SZ). METHOD: We analyzed the whole-head EEG topography in 14 patients compared to 14 matched controls by applying a new parameterization of the multichannel EEG. We used a combination of power measures tuned for regional surface mapping with power measures that allow evaluation of global effects. RESULTS: The SZ-related EEG abnormalities include i) a global decrease in absolute EEG power robustly manifested in the alpha and beta frequency bands, and ii) a relative increase in the alpha power over the prefrontal brain regions against its reduction over the posterior regions. In the alpha band both effects are linked to the SZ symptoms measured with Positive and Negative Symptom Scales and to chronicity. CONCLUSION: As alpha activity is related to regional deactivation, our findings support the concept of hypofrontality in SZ and expose the alpha rhythm as a sensitive indicator of it.

Formas extraíveis de ferro em solos do estado do Rio de Janeiro

No estado do Rio de Janeiro, destacam-se três feições geomorfológicas: as formações constituídas por rochas do Complexo Cristalino, expostas ou capeadas por seus produtos de alteração; os tabuleiros costeiros, compostos pelos sedimentos da Formação Barreiras, e, por último, as planícies aluvionares, que são formações quaternárias. As diferenças entre os materiais de origem e as classes de relevo e sua influência na formação dos solos têm constituído o tema principal dos estudos de genêse realizados no Rio de Janeiro. Este trabalho teve como objetivo avaliar o comportamento das formas extraíveis de ferro, Feo, Fed e Fes, e as relações entre elas em função do grau de pedogênese dos solos. Para estes solos, as formas de ferro e relações Fed/Fes e Feo/Fed expressaram variações na mineralogia do material de origem, grau de intemperismo dos solos e do material formador, ou classe de drenagem, mais do que a intensidade de pedogênese. Assim, as formas extraíveis de Fe e respectivas relações para avaliar o grau de pedogênese, nos solos do Rio de Janeiro, requerem uma interpretação conjunta das demais propriedades do solo, com ênfase para a morfologia e classes de drenagem.

Compositional and structural variabilities of Mg-rich iron oxide spinels from tuffite

Maghemite (γFe2O3) from tuffite is exceptionally rich in Mg, relatively to most of those reportedly found in other mafic lithosystems. To investigate in detail the compositional and structural variabilities of this natural magnetic iron oxide, sets of crystals were isolated from samples collected at different positions in a tuffite weathering mantle. These sets of crystal were individually powdered and studied by X-ray diffractometry, Mössbauer spectroscopy, magnetization measurements and chemical analysis. Lattice parameter of the cubic cell (a0) was found to vary from 0.834(1) to 0.8412(1) nm. Lower a0-values are characteristic of maghemite whereas higher ones are related to a magnetite precursor. FeO content ranges up to 17 mass % and spontaneous magnetization ranges from 8 to 32 J T-1 kg-1. Zero-field room temperature Mössbauer spectra are rather complex, indicating that the hyperfine field distributions due to Fe3+ and mixed valence Fe3+/2+ overlap. The structural variabilities of the (Mg, Ti)-rich iron oxide spinels is essentially related to the range of chemical composition of its precursor (Mg, Ti)-rich magnetite, and probably to the extent to which it has been oxidized during transformation in soil.

The contribution of the young Cretaceous Caribbean Oceanic Plateau to the genesis of late Cretaceous arc magmatism in the Cordillera Occidental of Ecuador

The eastern part of the Cordillera Occidental of Ecuador comprises thick buoyant oceanic plateaus associated with island-arc tholeiites and subduction-related calc-alkaline series, accreted to the Ecuadorian Continental Margin from Late Cretaceous to Eocene times. One of these plateau sequences, the Guaranda Oceanic Plateau is considered as remnant of the Caribbean-Colombian Oceanic Province (CCOP) accreted to the Ecuadorian Margin in the Maastrichtien. Samples studied in this paper were taken from four cross-sections through two arc-sequences in the northern part of the Cordillera Occidental of Ecuador, dated as (Rio Cala) or ascribed to (Macuchi) the Late Cretaceous and one arc-like sequence in the Chogon-Colonche Cordillera (Las Orquideas). These three island-arcs can clearly be identified and rest conformably on the CCOP. In all four localities, basalts with abundant large clinopyroxene phenocrysts can be found, mimicking a picritic or ankaramitic facies. This mineralogical particularity, although not uncommon in island arc lavas, hints at a contribution of the CCOP in the genesis of these island arc rocks. The complete petrological and geochemical study of these rocks reveals that some have a primitive island-arc nature (MgO values range from 6 to 11 wt.%). Studied samples display marked Nb, Ta and Ti negative anomalies relative to the adjacent elements in the spidergrams characteristic of subductionrelated magmatism. These rocks are LREE-enriched and their clinopyroxenes show a tholeiitic affinity (FeO(1)-TiO(2) enrichment and CaO depletion from core to rim within a single crystal). The four sampled cross-sections through the island-arc sequences display homogeneous initial Nd, and Pb isotope ratios that suggest a unique mantellic source for these rocks resulting from the mixing of three components: an East-Pacific MORB end-member, an enriched pelagic sediment component, and a HIMU component carried by the CCOP. Indeed, the ankaramite and Mg-basalt sequences that form part of the Caribbean-Colombian Oceanic Plateau are radiogenically enriched in (206)Pb/(204)Pb and (207)Pb/(204)Pb and contain a HIMU component similar to that observed in the Gorgona basalts and Galapagos lavas. The subduction zone that generated the Late Cretaceous arcs occurred far from the continental margin, in an oceanic environment. This implies that no terrigenous detrital sediments interacted with the source at this period. Thus, the enriched component can only result from the melting of subducted pelagic sediments. We have thus defined the East-Pacific MORB, enriched (cherts, pelagic sediments) and HIMU components in an attempt to constrain and model the genesis of the studied island-arc magmatism, using a compilation of carefully selected isotopic data from literature according to rock age and paleogeographic location at the time of arc edification. Tripolar mixing models reveal that proportions of 12-15 wt.% of the HIMU component, 7-15 wt.% of the pelagic sediment end-member and 70-75 wt.% of an East-pacific MORB end-member are needed to explain the measured isotope ratios. These surprisingly high proportions of the HIMU/CCOP component could be explained by the young age of the oceanic plateau (5-15 Ma) during the Late Cretaceous arc emplacement. The CCOP, basement of these arc sequences, was probably still hot and easily assimilated at the island-arc lava source. (C) 2008 Elsevier Ltd. All rights reserved,

Relação solo-paisagem-material de origem e gênese de alguns solos no domínio do "Mar de Morros", Minas Gerais

Pouco se conhece sobre os solos desenvolvidos ou influenciados por materiais máficos na Zona da Mata de Minas Gerais, embora muitos estudos tenham sido efetuados nos domínios cristalinos gnáissicos, notadamente com Latossolos e Podzólicos de terraço. Para preencher esta lacuna, foram amostrados os horizontes A e B ou A e C de solos em duas topolitosseqüências. A primeira, localizada na Serra de Guiricema, com drenagem orientada para a bacia do Rio Paraíba do Sul, compreendeu um Latossolo Vermelho-Amarelo (LVA) no topo da serra, um Chernossolo Argilúvico (MT), um Vertissolo (V) e um Nitossolo Vermelho (NV) no terço médio. Da segunda topolitosseqüência, localizada na Depressão de Ponte Nova, com drenagem para a bacia do Rio Doce, fizeram parte um Latossolo Vermelho-Amarelo, dois Nitossolos Vermelhos, um Chernossolo Argilúvico, um Argissolo Vermelho-Amarelo (PVA), um Gleissolo (GX) e um Neossolo Flúvico (RU). Adicionalmente, foi coletado, no Planalto de Viçosa, o horizonte B de um Latossolo Vermelho-Amarelo sobre intrusão de anfibolito, fora das duas topolitosseqüências já citadas, para efeito de comparação. Os solos desenvolvidos a partir dos anfibolitos/diabásio (NV, MT e V) tenderam a ser eutróficos e cauliníticos, com a participação de argilominerais 2:1 (ilita e esmectita, possivelmente como interestratificados), quando menos intemperizados. A baixa relação Feo/Fed nos Latossolos estudados indica o predomínio de formas de ferro de maior grau de cristalinidade, sendo mais elevada no caso dos Nitossolos, em consonância com o menor grau de evolução destes. O Latossolo coletado sobre dique de material máfico apresentou características químicas similares às dos Latossolos desenvolvidos de gnaisse da região, indicando tratar-se de solo proveniente desta rocha, cobrindo o dique como material retrabalhado. A biotita e o anfibólio presentes no gnaisse são os minerais que contribuem para os teores de Fe2O3 acima de 11 dag kg-1, nos Latossolos da região estudada. Os solos com argila de atividade alta (V e MT) têm a gênese e a estabilidade da esmectita e, possivelmente, do interestratificado ilita-esmectita, explicadas pela riqueza do material de origem em minerais ferromagnesianos, pelo relevo que propicia ambiente concentrador e, em certos casos, pela exposição norte do perfil, favorecendo maior evapotranspiração. No caso do Gleissolo, tanto o ambiente concentrador como a drenagem deficiente parecem ser as causas principais da ocorrência de argilominerais 2:1 expansivos. O Argissolo Vermelho-Amarelo, ainda que também ocorra em ambiente concentrador de terraço, não apresentou argilominerais 2:1, destacando-se, entretanto, os altos teores de Fe2O3 destes solos, o que confirma os resultados obtidos por outros autores para solos semelhantes na região de Viçosa.

Adsorção e formas de fósforo em latossolos: influência da mineralogia e histórico de uso

Neste trabalho, avaliou-se a influência da mineralogia e o histórico de uso na adsorção e formas de P em Latossolos. Empregaram-se cinco Latossolos (LAx, LAd, LVw e dois LVdf, desenvolvidos de gabro, LVdfg, e de tufito, LVdft), de modo a abranger uma ampla faixa de proporções de hematita, goethita, caulinita (Ct) e gibbsita (Gb). Estes solos foram coletados em áreas nunca cultivadas e em áreas adjacentes já cultivadas por longos períodos, onde receberam calagens e adubações fosfatadas periódicas. Procedeu-se à caracterização física, química e mineralógica, envolvendo: granulometria, Fe em formas menos cristalinas (Feo), óxidos livres (Fed) e "totais" (Fes), além do fracionamento e disponibilidade de P. Com o uso da difração de raios-x, obteve-se a composição mineralógica das frações: argila desferrificada e argila ferro-concentrada, e, por análise térmica diferencial, a razão Ct/(Ct + Gb), na fração argila desferrificada. A adsorção de P foi estudada, empregando-se 24 h de agitação e concentrações de 0; 5; 10; 15; 25; 50; 75; 100 e 200 mg L-1, para calcular a isoterma de adsorção, de onde se obteve a capacidade máxima de adsorção de fósforo (CMAF). Os resultados mostraram que, à medida que a mineralogia dos Latossolos tornou-se mais oxídica, aumentaram a adsorção de P, o teor total e as formas ligadas mais fortemente a Al e Fe. O cultivo influenciou, de modo diferenciado, a adsorção de P e aumentou as formas de P ligado a Ca em todos os solos. As formas pouco lábeis de P predominaram nos Latossolos estudados, destacando-se as orgânicas associadas a compostos húmicos naqueles não cultivados e as inorgânicas ligadas a Fe e Al nos cultivados.

Igneous garnet and amphibole fractionation in the roots of island arcs: experimental constraints on andesitic liquids

To evaluate the role of garnet and amphibole fractionation at conditions relevant for the crystallization of magmas in the roots of island arcs, a series of experiments were performed on a synthetic andesite at conditions ranging from 0.8 to 1.2 GPa, 800-1,000 degrees C and variable H2O contents. At water undersaturated conditions and fO(2) established around QFM, garnet has a wide stability field. At 1.2 GPa garnet ? amphibole are the high-temperature liquidus phases followed by plagioclase at lower temperature. Clinopyroxene reaches its maximal stability at H2O-contents <= 9 wt% at 950 degrees C and is replaced by amphibole at lower temperature. The slopes of the plagioclase-in boundaries are moderately negative in T-XH2O space. At 0.8 GPa, garnet is stable at magmatic H2O contents exceeding 8 wt% and is replaced by spinel at decreasing dissolved H2O. The liquids formed by crystallization evolve through continuous silica increase from andesite to dacite and rhyolite for the 1.2 GPa series, but show substantial enrichment in FeO/MgO for the 0.8 GPa series related to the contrasting roles of garnet and amphibole in fractionating Fe-Mg in derivative liquids. Our experiments indicate that the stability of igneous garnet increases with increasing dissolved H2O in silicate liquids and is thus likely to affect trace element compositions of H2O-rich derivative arc volcanic rocks by fractionation. Garnet-controlled trace element ratios cannot be used as a proxy

Atributos físicos, químicos e mineralógicos de solos da região das Várzeas de Sousa (PB)

O presente trabalho teve por objetivo caracterizar, física, química e mineralogicamente, os solos localizados nas várzeas de Sousa (Sertão da Paraíba), bem como verificar o efeito dos cátions alcalinos e alcalino-terrosos na estabilidade das substâncias húmicas. Procurou-se, ainda, identificar os critérios de distinção de ambientes utilizados pelos pequenos agricultores e as diferentes formas de uso dos solos da região estudada. Para isso, foram selecionados, amostrados e analisados perfis de solos das classes: Neossolo Flúvico, Luvissolo, Planossolo Nátrico e Vertissolo Cromado. Constatou-se que, além do sódio, o magnésio teve participação efetiva na dispersão de argila, principalmente nos Vertissolos. Os teores de Fe2O3 foram baixos em todos os perfis, com provável predomínio das formas menos cristalinas, identificadas pelas altas relações Feo/Fed. A mineralogia cálcio-sódica da fração silte é condizente com os teores, relativamente elevados, de cálcio, magnésio e sódio, sendo, provavelmente, o principal responsável por esses valores nos solos estudados. Na fração argila de todos os solos, foi observada a presença marcante da vermiculita/esmectita e ilita. Nos Vertissolos, o teor expressivo de ferro na fração argila revela, além da presença da hematita, a ocorrência de mineral 2:1 expansivo rico em ferro, sobretudo a nontronita. O pré-tratamento para eliminação de carbonatos (HCl 0,1 mol L-1), efetuado durante o fracionamento das substâncias húmicas, resultou em aumentos de 300 e 340 % para as frações ácidos húmicos e fúlvicos, respectivamente, e redução de 60 % na fração humina, evidenciando a participação de humatos e fulvatos de cálcio e de magnésio na estabilização da matéria orgânica.

Mineralogia e micromorfologia de solos esqueléticos do bioma cerrado, no leste de Goiás

A grande quantidade de material mineral com diâmetro maior que 2 mm de alguns solos do bioma Cerrado é uma característica de interesse em se tratando de formação, classificação, uso e manejo desses solos. Com o objetivo de contrastar atributos morfológicos, físicos, químicos, mineralógicos e micromorfológicos desses solos, com caráter esquelético, foram estudados perfis de Plintossolos Pétricos e Cambissolos Háplicos no leste de Goiás, comparando-os, também, com outros perfis semelhantes descritos na literatura. Cada perfil de solo (seis ao todo) correspondeu a uma trincheira, que permitiu a descrição morfológica e as amostragens, realizadas em duas profundidades, totalizando 12 amostras. Os corpos de petroplintita das frações mais grosseiras da terra fina contribuem para aumentar o Fe2O3 do ataque sulfúrico dos Plintossolos. As relações Feo/Fed são, de forma generalizada, muito baixas, refletindo a elevada estabilidade das formas cristalinas de Fe. Os Plintossolos e os Cambissolos estudados apresentam valores médios de Ki e Kr relativamente baixos quando comparados com outros solos das mesmas classes e com caráter esquelético do bioma Cerrado. A ausência de hematita na fração argila dos solos estudados reflete um processo de xantização do pedoambiente mais úmido das bordas da chapada, local de ocorrência dos Plintossolos, cujo material erodido contribui para formação dos Cambissolos. A hematita só aparece na fração areia dos Plintossolos, associada aos corpos de petroplintita. Magnetita/maghemita foram identificadas nas duas classes de solos. Nos Cambissolos, a detecção de mica por difração de raios X da fração areia e de minerais com cores de interferência fortes nas lâminas delgadas, além dos maiores valores das relações Ki e Kr, realçam a presença de material menos intemperizado, relativamente aos Plintossolos. A pequena quantidade de plasma, 10 % em relação à área das lâminas delgadas, confirma o caráter esquelético dos solos estudados. Os Plintossolos apresentam estrutura granular adensada. Os Cambissolos apresentam o espaço poroso menos conectado e dominado por alvéolos e canais, com microestrutura de grãos com películas.