Portfolio choice with a correlated background risk : theory and evidence

We extend the static portfolio choice problem with a small background risk to the case of small partially correlated background risks. We show that respecting the theories under which risk substitution appears, except for the independence of background risk, it is perfectly rational for the individual to increase his optimal exposure to portfolio risk when risks are partially negatively correlated. Then, we test empirically the hypothesis of risk substitutability using INSEE data on French households. We find that households respond by increasing their stockholdings in response to the increase in future earnings uncertainty. This conclusion is in contradiction with results obtained in other countries. So, in light of these results, our model provides an explanation to account for the lack of empirical consensus on cross-country tests of risk substitution theory that encompasses and criticises all of them.

Influência de fatores ambientais na Leishmaniose visceral no Rio Grande do Norte

The Visceral Leishmaniose (LV) disease is endemic in some places in Brazil. It is caused by the protozoa Leishmania chagasi, being transmitted for vector, the phlebotomies, Lutzomyia longipalpis. In virtue of the expansion of the illness in Rio Grande do Norte, it is necessary to evaluate the determinative ambient factors in the proliferation of the vector for better control of the illness. The variable rainfall and the social variables had been analyzed using space regression with two models and the ambient variable of ZANE and the variables analyzed in 205 houses in the cities of Natal, Extremoz, Nísia Floresta, São Gonçalo do Amarante, São Jose do Mipibu, Parnamirim and Macaíba the Person and ML Chi-square were used . The analyses had shown that high rainfall, plain relief, the forest, the humid tropical climate the activities of production culture of sugar cane and fruit culture and the presence of bovines increase the risk of the LV. The work showed that it has space aggregation and that ambient factors influence in the LV in the State

Morphometric characteristics of Prochilodus lineatus (Valenciennes 1847), of the migratory and resident stocks of the river Mogí-Guaçu, São Paulo State, Brazil

A espécie Prochilodus lineatus é de grande importância comercial na região dos rios Grande, Pardo e Mogi-Guaçu e tem como característica a formação de grandes cardumes, apta a desenvolver amplos deslocamentos migratórios. O presente trabalho objetivou avaliar, por meio das características morfométricas e etária, se os curimbatás (P. lineatus) dos diferentes estoques migradores e residentes constituem uma única população, havendo interação entre as sub-populações no período de piracema (migração reprodutiva). Utilizou-se um delineamento inteiramente casualizado em esquema fatorial 4 x 2, com quatro tipos de estoques (um residente e três migradores) e dois sexos (macho e fêmea) com trinta repetições, considerando cada peixe como unidade experimental. Foi observada variação de 80,19% para o primeiro componente principal e 8,09% do segundo componente principal fornecida pelas dez variáveis morfométricas dos estoques residentes e migradores. O estoque residente correspondeu aos maiores valores para todas as variáveis morfométricas. Houve sobreposição dos escores individuais das mesmas características entre os estoques migradores. Observou-se predominância de machos entre os estoques residentes e migrador I e II. As semelhanças morfométricas verificadas entre os estoques migradores indicam tratar-se de uma única população, com pequenas variações interpopulacional.

A comparative study of population traits between two South American populations of the striped-legged hermit crab Clibanarius vittatus

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

Produtividade de híbridos de cebola em função da população de plantas e da fertilização nitrogenada e potássica

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

Crescimento da cebola em função de doses de nitrogênio, potássio e da população de plantas em semeadura direta

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

Acúmulo de macronutrientes pela cebola 'Optima' estabelecida por semeadura direta

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

Evaluation of fungicide applications to sweet orange at different flowering stages for control of postbloom fruit drop caused by Colletotrichum acutatum

Postbloom fruit drop (PFD), caused by Colletotrichum acutatum, produces blossom blight, fruit abscission and persistent calyces. in groves of Pera-Rio and Natal sweet orange located in Santa Cruz do Rio Pardo and Rincao, São Paulo, Brazil, four experiments were carried out to evaluate the effectiveness of fungicides sprayed alone or as mixtures, at different flowering stages for the control of PFD of citrus. The number of symptomatic flowers, the percentage of fruit set (FS), and the relationship between persistent calyces and total fruit weight per plant were evaluated. The fungicides carbendazim and folpet were sprayed at 0.50 ml and 1.25 ga.i. l(-1) of water, respectively, were superior by all the criteria to the other treatments. Carbendazim and folpet fungicides performed best when they were applied at the green bud through hollow ball stages. Difenoconazole, independent of application timing, was less effective by all criteria used. Application of mancozeb at 1.60 ga.i. l(-1) at the green bud stage followed by application of mancozeb in a tank mix with carbendazim or folpet at 1.0 ml and 1.25 g a.i. l(-1), respectively, during green bud bloom and hollow ball stages were effective for disease control. Carbendazim combined with 0.25% KNO3, reduced the number of persistent calyces and increased fruit production significantly. Applications must be made between green bud and hollow ball stages for best control. Applications only at hollow ball or open flower stages did not provide effective disease control. (C)2007 Elsevier Ltd. All rights reserved.

Adaptabilidade e estabilidade fenotípica de genótipos de cenoura

Avaliaram-se a adaptabilidade e a estabilidade fenotípica de dez genótipos de cenoura, nove de polinização aberta [Alvorada (FELTRIN); Tropical (ISLA); Brasília (ISLA); Nova Brasília (ISLA); Carandaí (SVS); Brasília (SVS); Brazlândia (HORTEC); HT-2000 (HORTEC), e Brasília-RL (SAKATA)] e o híbrido AF-845 (SAKATA), em semeaduras, de janeiro e março, em São José do Rio Pardo (SP), janeiro e fevereiro, em Ponta Grossa (PR), e na primeira e última semana de fevereiro, em São Gotardo (MG), e Carandaí (MG), totalizando oito experimentos (SJRP-JAN; SJRP-MAR; PG-JAN; PG-FEV; SG-FEV'; SG-FEV''; C-FEV', e C-FEV''), que foram implementados em blocos casualizados com quatro repetições. Os dados foram submetidos à análise de variância individual e conjunta, e à análise de adaptabilidade e de estabilidade. Dos oito ambientes testados, apenas C-FEV'', PG-JAN e SG-FEV'' foram considerados favoráveis ao cultivo de cenoura, com destaque para C-FEV''. Entre genótipos, na maioria dos ambientes, 'Brazlândia' se destacou tanto na produtividade total, quanto na produtividade comercial de raízes. Na análise de adaptabilidade, 'Brazlândia' e 'Brasília-RL' indicaram possuir desempenho mais do que proporcional à melhoria promovida pelo ambiente, sendo indicados para semeaduras em ambientes favoráveis. O híbrido AF-845 mostrou ter pequena capacidade em responder às variações ambientais, não sendo indicado para nenhum dos ambientes estudados. Os genótipos de cenoura, em geral, apresentaram estabilidade de comportamento nos ambientes estudados.

Produtividade de cultivares de cebola em função do número de mudas por célula de bandeja e espaçamento entre covas

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

Adaptabilidade e estabilidade fenotípica de cultivares de cenoura

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

Chemical composition and fermentation characteristics of elephant grass silage with biodiesel industry co-products

The objective of this research was to evaluate the effect of three concentrations (3, 6, and 9%) of forage turnip (Raphanus sativus) and physic nut (Jatropha curcas) cakes on dry matter, crude protein, ether extract, neutral detergent fiber, acid detergent fiber, lignin, acid detergent insoluble nitrogen neutral detergent insoluble nitrogen contents, in vitro dry matter digestibility, pH values and concentrations of N-NH3 in elephant grass silages. It was used an entirely randomized design in factorial arrangement [(2x3)+1]. Experimental PVC silos were used and ensiled material was kept for 62 days. The addition of cakes increased the dry matter contents (P<0.05). The fibrous fractions were reduced (P<0.05) with the inclusion of cakes during the grass ensilage and the CP contents increased (P<0.05). The forage turnip cake provided the same pH and N-NH3 values in ideal levels and the physic nut, added to 9%, increased those values (P<0.05). IVDMD was reduced (P<0.05) when the cakes were added. These co-products can be used in small amounts for elephant grass ensilage in order to provide improvement in chemical and fermentation characteristics of the silages. Nevertheless, physic nut cake shows limitations for its use in animal feeding due to the presence of toxic compounds, making necessary studies for their identification and elimination.

APPLICATION of THE HAZARD ANALYSIS and CRITICAL CONTROL POINT (HACCP) SYSTEM on THE MUSHROOM PROCESSING LINE FOR FRESH CONSUMPTION

The Hazard Analysis and Critical Control Point (HACCP) is a preventive system that intends to guarantee the safety and harmlessness of food. It improves the quality of products as it eliminates possible defects during the process, and saves costs by practically eliminating final product inspection. This work describes the typical hazards encountered on the mushroom processing line for fresh consumption. Throughout the process, only the reception stage of mushrooms has been considered a critical control point (CCP). The main hazards at this stage were: the presence of unauthorised phytosanitary products; larger doses of such products than those permitted; the presence of pathogenic bacteria or thermo-stable enterotoxins. Putting into practice such knowledge would provide any industry that processes mushrooms for fresh consumption with a self-control HACCP-based system for its own productions.

Effect of supplementing compost with grapeseed meal on Agaricus bisporus production

BACKGROUND: This work assesses the agronomic performance of grapeseed meal, before and after oil extraction, in nutritional compost supplement when growing the mushroom species Agaricus bisporus (Lange) Imbach. The effect of formaldehyde treatment before using this compost is also considered. Materials were applied at different doses at spawning. Along with non-supplemented compost, three commercial nutritional supplements were used as controls.RESULTS: In general terms, grapeseed meal performance was similar to that of commercial delayed-release nutrients, but improved the non-supplemented compost response. We highlight that grapeseed enhances performance as larger yields of harvested mushrooms were obtained with greater dry weight content; however, their protein content was lower. The best performance was displayed by fresh formaldehyde-treated grapeseed (6000 ppm) when applied to the 10 g kg(-1) compost dose.CONCLUSIONS: Our findings suggest that grapeseed meal offers a great potential to be applied on a commercial scale. The addition of grapeseed resulted in an enhanced performance as shown by the higher number of harvested mushrooms. The use of grapeseed meal (extracted or non-extracted), a low-cost ingredient with high levels of carbohydrates, may suppose an economic profit on the basis of the positive effect of adding carbon in the mushroom cultivation. (C) 2012 Society of Chemical Industry

Modelling the effect of the physical and chemical characteristics of the materials used as casing layers on the production parameters of Agaricus bisporus

The aim of this research was to show the mathematical data obtained through the correlations found between the physical and chemical characteristics of casing layers and the final mushrooms' properties. For this purpose, 8 casing layers were used: soil, soil + peat moss, soil + black peat, soil + composted pine bark, soil + coconut fibre pith, soil + wood fibre, soil + composted vine shoots and, finally, the casing of La Rioja subjected to the ruffling practice. The conclusion that interplays in the fructification process with only the physical and chemical characteristics of casing are complicated was drawn. The mathematical data obtained in earliness could be explained in non-ruffled cultivation. The variability observed for the mushroom weight and the mushroom diameter variables could be explained in both ruffled and non-ruffled cultivations. Finally, the properties of the final quality of mushrooms were established by regression analysis.