Capital Accumulation in the Presence of Informal Credit Contracts: Does the Incentive Mechanism Work Better than Credit Rationing Under Asymmetric Information?

Credit markets with asymmetric information often prefer credit rationing as a profit maximizing device. This paper asks whether the presence of informal credit markets reduces the cost of credit rationing, that is, whether it can alleviate the impact of asymmetric information based on the available information. We used a dynamic general equilibrium model with heterogenous agents to assess this. Using Indian credit market data our study shows that the presence of informal credit market can reduce the cost of credit rationing by separating high risk firms from the low risk firms in the informal market. But even after this improvement, the steady state capital accumulation is still much lower as compared to incentive based market clearing rates. Through self revelation of each firm's type, based on the incentive mechanism, banks can diversify their risk by achieving a separating equilibrium in the loan market. The incentive mechanism helps banks to increase capital accumulation in the long run by charging lower rates and lending relatively higher amount to the less risky firms. Another important finding of this study is that self-revelation leads to very significant welfare improvement, as measured by consumptiuon equivalence.

Intrinsic characteristics of the proton pump in the luminal membrane of a tight urinary epithelium. The relation between transport rate and delta mu H.

A number of tight urinary epithelia, as exemplified by the turtle bladder, acidify the luminal solution by active transport of H+ across the luminal cell membrane. The rate of active H+ transport (JH) decreases as the electrochemical potential difference for H+ [delta mu H = mu H(lumen) - mu H(serosa)] across the epithelium is increased. The luminal cell membrane has a low permeability for H+ equivalents and a high electrical resistance compared with the basolateral cell membrane. Changes in JH thus reflect changes in active H+ transport across the luminal membrane. To examine the control of JH by delta mu H in the turtle bladder, transepithelial electrical potential differences (delta psi) were imposed at constant acid-base conditions or the luminal pH was varied at delta psi = 0 and constant serosal PCO2 and pH. When the luminal compartment was acidified from pH 7 to 4 or was made electrically positive, JH decreased as a linear function of delta mu H as previously described. When the luminal compartment was made alkaline from pH 7 to 9 or was made electrically negative, JH reached a maximal value, which was the same whether the delta mu H was imposed as a delta pH or a delta psi. The nonlinear JH vs. delta mu H relation does not result from changes in the number of pumps in the luminal membrane or from changes in the intracellular pH, but is a characteristic of the H+ pumps themselves. We propose a general scheme, which, because of its structural features, can account for the nonlinearity of the JH vs. delta mu H relations and, more specifically, for the kinetic equivalence of the effects of the chemical and electrical components of delta mu H. According to this model, the pump complex consists of two components: a catalytic unit at the cytoplasmic side of the luminal membrane, which mediates the ATP-driven H+ translocation, and a transmembrane channel, which mediates the transfer of H+ from the catalytic unit to the luminal solution. These two components may be linked through a buffer compartment for H+ (an antechamber).

The Spanish translation, cultural adaptation and validation of the Powe Fatalism Inventory

Background/significance. The scarcity of reliable and valid Spanish language instruments for health related research has hindered research with the Hispanic population. Research suggests that fatalistic attitudes are related to poor cancer screening behaviors and may be one reason for low participation of Mexican-Americans in cancer screening. This problem is of major concern because Mexican-Americans constitute the largest Hispanic subgroup in the U.S.^ Purpose. The purposes of this study were: (1) To translate the Powe Fatalism Inventory, (PFI) into Spanish, and culturally adapt the instrument to the Mexican-American culture as found along the U.S.-Mexico border and (2) To test the equivalence between the Spanish translated, culturally adapted version of the PFI and the English version of the PFI to include clarity, content validity, reading level and reliability.^ Design. Descriptive, cross-sectional.^ Methods. The Spanish language translation used a translation model which incorporates a cultural adaptation process. The SPFI was administered to 175 bilingual participants residing in a midsize, U.S-Mexico border city. Data analysis included estimation of Cronbach's alpha, factor analysis, paired samples t-test comparison and multiple regression analysis using SPSS software, as well as measurement of content validity and reading level of the SPFI. ^ Findings. A reliability estimate using Cronbach's alpha coefficient was 0.81 for the SPFI compared to 0.80 for the PFI in this study. Factor Analysis extracted four factors which explained 59% of the variance. Paired t-test comparison revealed no statistically significant differences between the SPFI and PFI total or individual item scores. Content Validity Index was determined to be 1.0. Reading Level was assessed to be less than a 6th grade reading level. The correlation coefficient between the SPFI and PFI was 0.95.^ Conclusions. This study provided strong psychometric evidence that the Spanish translated, culturally adapted SPFI is an equivalent tool to the English version of the PFI in measuring cancer fatalism. This indicates that the two forms of the instrument can be used interchangeably in a single study to accommodate reading and speaking abilities of respondents. ^

"Teens talk healthy weight": A video technology project

Purpose. The purpose of this study was to investigate the impact of a motivational weight management DVD on knowledge of obesity related diseases, readiness, motivation, and self-efficacy to lose weight, connectedness to their care provider, and patients return to clinic. Design. A randomized control trial was conducted in which 40 overweight/obese adolescents and their parents/caregivers were randomly assigned to standard care alone or standard care plus DVD. Subjects completed a set of pre- and post-questionnaire measures. A group of 22 patients was also formed as a historical control group in order to account for the potential effect of extra attention given to subjects prospectively enrolled. Methods. The adolescents and their parent/caregiver were placed into a patient room. Consent was obtained and a set of written pre-questionnaires were given to both the parent and the adolescent. Standard care was provided to all patients by the Registered Dietitian and physician; the DVD was shown in addition to standard care among the intervention group. A set of post-questionnaires were given and compensation was provided. Analysis. Groups were compared to determine equivalence at baseline. Analysis of covariance was used to evaluate changes over time, while controlling for pre-test scores and race/ethnicity. Results. Parents who viewed the DVD experienced greater changes in correct knowledge as compared to parents who did not view the DVD. Conclusion. Our study found only one substantial benefit of the DVD beyond standard clinical practices. This is an important area for change as it increased awareness of obesity as a serious disease and has future clinical implications.^

Entre la lingüística y la filología : El análisis sintáctico-pragmático. Una mirada diacrónica a las preposiciones con y sin

Este artículo forma parte de una investigación mayor cuyo propósito es estudiar el empleo y la evolución de las preposiciones con y sin en la historia de la lengua española peninsular y americana. Además de describir el empleo de las preposiciones en diferentes contextos formales y pragmáticos, el trabajo tiene un propósito explicativo en tanto intenta dar cuenta de frecuencias de uso de las formas lingüísticas en relación con el género y el tema del discurso. Considera, asimismo, la equivalencia funcional (parcial) de con / contra; con / no sin para delimitar estrategias de selección y propone la posibilidad de estudiar la variación de formas (parcialmente) antónimas como reflejo de perspectiva cognitiva.

Upper Cenozoic dinoflagellate cysts from the continental slope and rise off New Jersey

This report contains the occurrence data for dinoflagellate cysts recorded from 163 samples taken from Sites 902 through 906, during Ocean Drilling Program (ODP) Leg 150. The dinoflagellate cyst (dinocyst) stratigraphy has been presented in Mountain, Miller, Blum, et al. (1994, doi:10.2973/odp.proc.ir.150.1994), and was based on these data. This report provides the full dinocyst data set supporting the dinocyst stratigraphic interpretations made in Mountain, Miller, Blum, et al. (1994). For Miocene shipboard dinocyst stratigraphy, I delineated 10 informal zones: pre-A, and A through I, in ascending stratigraphic order. These zones are defined in Shipboard Scientific Party (1994a, doi:10.2973/odp.proc.ir.150.103.1994), and are based on my studies of Miocene dinocyst stratigraphy in the Maryland and Virginia coastal plain (de Verteuil and Norris, 1991, 1992; de Verteuil, 1995). This zonation has been slightly revised (de Verteuil and Norris, 1996), and the new formal zone definitions are repeated below. Each new zone has an alpha-numeric abbreviation starting with "DN" (for Dinoflagellate Neogene). The equivalence between the informal zones reported in Mountain, Miller, Blum, et al. (1994), and the new DN zones is illustrated in Figure 1. For clarity, I delineated both zonations in the range charts that accompany this report (Tables 1-6). De Verteuil and Norris (1996a), using these and other data, correlated the DN zonation with the geological time scale of Berggren et al. (1995). Figure 2 summarizes these correlations and can be used to check the chronostratigraphic position of samples in this report, as determined by dinocyst stratigraphy. A thorough discussion of the basis for, and levels of uncertainty associated with, these correlations to the Cenozoic time scale can be found in de Verteuil and Norris (1996a). The Appendix lists all the dinocyst taxa recorded during shipboard analyses of Leg 150 samples. Open nomenclature is used for undescribed taxa. The range charts and Appendix also include reference to several new taxa that de Verteuil and Norris (1996b) described from Miocene coastal plain strata in Maryland and Virginia. Names of these taxa in Tables 1 through 6 and in the Appendix of this report are not intended for effective publication as defined in the International Code of Botanical Nomenclature (ICBN, Greuter et al., 1994). Therefore, taxonomic nomenclature contained in this report is not to be treated as meeting the conditions of effective and valid publication (ICBN; Article 29).

Entre la lingüística y la filología : El análisis sintáctico-pragmático. Una mirada diacrónica a las preposiciones con y sin

Este artículo forma parte de una investigación mayor cuyo propósito es estudiar el empleo y la evolución de las preposiciones con y sin en la historia de la lengua española peninsular y americana. Además de describir el empleo de las preposiciones en diferentes contextos formales y pragmáticos, el trabajo tiene un propósito explicativo en tanto intenta dar cuenta de frecuencias de uso de las formas lingüísticas en relación con el género y el tema del discurso. Considera, asimismo, la equivalencia funcional (parcial) de con / contra; con / no sin para delimitar estrategias de selección y propone la posibilidad de estudiar la variación de formas (parcialmente) antónimas como reflejo de perspectiva cognitiva.

Entre la lingüística y la filología : El análisis sintáctico-pragmático. Una mirada diacrónica a las preposiciones con y sin

Este artículo forma parte de una investigación mayor cuyo propósito es estudiar el empleo y la evolución de las preposiciones con y sin en la historia de la lengua española peninsular y americana. Además de describir el empleo de las preposiciones en diferentes contextos formales y pragmáticos, el trabajo tiene un propósito explicativo en tanto intenta dar cuenta de frecuencias de uso de las formas lingüísticas en relación con el género y el tema del discurso. Considera, asimismo, la equivalencia funcional (parcial) de con / contra; con / no sin para delimitar estrategias de selección y propone la posibilidad de estudiar la variación de formas (parcialmente) antónimas como reflejo de perspectiva cognitiva.

Dissolved organic carbon measured on water bottle samples at time series station DYFAMED

Dissolved organic carbon (DOC) distribution and dynamics are investigated at the DYFAMED site (central Ligurian Sea, NW Mediterranean) in relation to hydrological and biological contexts, using a 4-year time-series dataset (1991-1994). The DYFAMED site is regarded as a one-dimensional station where simple hydrological mechanisms prevail and where the ecosystem is quite well understood. An average vertical profile of DOC concentration ([DOC]) indicates that maximal concentrations and variability are concentrated in the surface layers. For depths >800 m, the annual variations are on average similar to the analytical standard deviation (~2 µM). The "composite" [DOC] distribution (average distribution over a typical year, integrating about 40 monthly profiles) for surface waters (0-200 m) is closely related to hydrological and phytoplanktonic forcings. It exhibits summer DOC accumulation in surface waters, due to spring-summer stratification and successive phytoplanktonic events such as spring and summer blooms, and winter DOC removal to deeper waters, due to intense vertical mixing. The analysis of vertical [DOC] gradient at 100-m depth as a function of the integrated DOC content in the 0-100-m layer makes it possible to objectively distinguish three specific periods: the winter vertical mixing period, the period of stratification and spring phytoplankton bloom, and the period of stratification re-inforcement and summer-fall phytoplankton bloom. We recalculate the vertical DOC fluxes to deep waters using a larger original dataset, after the first direct calculation (Deep-Sea Res. 40 (10) (1993) 1963, 1972) that was reproduced for other oceanic areas. The seasonal variations of the "composite" [DOC] distribution in surface waters are significantly correlated to the apparent oxygen utilization distribution, but the biogeochemical significance of such a correlation is still under examination. The global significance of our local findings is presented and the role of the oceanic DOC in the global carbon cycle is emphasized, especially with respect to several current issues, such as the oceanic "missing sink" and the equivalence between new production and exported production.

Benthic foraminiferal genera in DSDP Hole 95-612

On the basis of lithologic, foraminiferal, seismostratigraphic, and downhole logging characteristics, we identified seven distinctive erosional unconformities at the contacts of the principal depositional sequences at Site 612 on the New Jersey Continental Slope (water depth 1404 m). These unconformities are present at the Campanian/Maestrichtian, lower Eocene/middle Eocene, middle Eocene/upper Eocene, upper Eocene/lower Oligocene, lower Oligocene/upper Miocene, Tortonian/Messinian, and upper Pliocene/upper Pleistocene contacts. The presence of coarse sand or redeposited intraclasts above six of the unconformities suggests downslope transport from the adjacent shelf by means of sediment gravity flows, which contributed in part to the erosion. Changes in the benthic foraminiferal assemblages across all but the Campanian/Maestrichtian contact indicate that significant changes in the seafloor environment, such as temperature and dissolved oxygen content, took place during the hiatuses. Comparison with modern analogous assemblages and application of a paleoslope model where possible, indicate that deposition took place in bathyal depths throughout the Late Cretaceous and Cenozoic at Site 612. An analysis of two-dimensional geometry and seismic fades changes of depositional sequences along U.S.G.S. multichannel seismic Line 25 suggests that Site 612 was an outer continental shelf location from the Campanian until the middle Eocene, when the shelf edge retreated 130 km landward, and Site 612 became a continental slope site. Following this, a prograding prism of terrigenous debris moved the shelf edge to near its present position by the end of the Miocene. Each unconformity identified can be traced widely on seismic reflection profiles and most have been identified from wells and outcrops on the coastal plain and other offshore basins of the U.S. Atlantic margin. Furthermore, their stratigraphic positions and equivalence to similar unconformities on the Goban Spur, in West Africa, New Zealand, Australia, and the Western Interior of the U.S. suggest that most contacts are correlative with the global unconformities and sea-level falls of the Vail depositional model.

One size fits all: stability of metabolic scaling under warming and ocean acidification in echinoderms

Responses by marine species to ocean acidification (OA) have recently been shown to be modulated by external factors including temperature, food supply and salinity. However the role of a fundamental biological parameter relevant to all organisms, that of body size, in governing responses to multiple stressors has been almost entirely overlooked. Recent consensus suggests allometric scaling of metabolism with body size differs between species, the commonly cited 'universal' mass scaling exponent (b) of ¾ representing an average of exponents that naturally vary. One model, the Metabolic-Level Boundaries hypothesis, provides a testable prediction: that b will decrease within species under increasing temperature. However, no previous studies have examined how metabolic scaling may be directly affected by OA. We acclimated a wide body-mass range of three common NE Atlantic echinoderms (the sea star Asterias rubens, the brittlestars Ophiothrix fragilis and Amphiura filiformis) to two levels of pCO2 and three temperatures, and metabolic rates were determined using closed-chamber respirometry. The results show that contrary to some models these echinoderm species possess a notable degree of stability in metabolic scaling under different abiotic conditions; the mass scaling exponent (b) varied in value between species, but not within species under different conditions. Additionally, we found no effect of OA on metabolic rates in any species. These data suggest responses to abiotic stressors are not modulated by body size in these species, as reflected in the stability of the metabolic scaling relationship. Such equivalence in response across ontogenetic size ranges has important implications for the stability of ecological food webs.

Thermodynamical Phase Noise in Oscillators Based on L-C Resonators

Using a new Admittance-based model for electrical noise able to handle Fluctuations and Dissipations of electrical energy, we explain the phase noise of oscillators that use feedback around L-C resonators. We show that Fluctuations produce the Line Broadening of their output spectrum around its mean frequency f0 and that the Pedestal of phase noise far from f0 comes from Dissipations modified by the feedback electronics. The charge noise power 4FkT/R C2/s that disturbs the otherwise periodic fluctuation of charge these oscillators aim to sustain in their L-C-R resonator, is what creates their phase noise proportional to Leeson’s noise figure F and to the charge noise power 4kT/R C2/s of their capacitance C that today’s modelling would consider as the current noise density in A2/Hz of their resistance R. Linked with this (A2/Hz?C2/s) equivalence, R becomes a random series in time of discrete chances to Dissipate energy in Thermal Equilibrium (TE) giving a similar series of discrete Conversions of electrical energy into heat when the resonator is out of TE due to the Signal power it handles. Therefore, phase noise reflects the way oscillators sense thermal exchanges of energy with their environment.

Thermodynamical Phase Noise in Oscillators Based on L-C Resonators (Foundations)

Using a new Admittance-based model for electrical noise able to handle Fluctuations and Dissipations of electrical energy, we explain the phase noise of oscillators that use feedback around L-C resonators. We show that Fluctuations produce the Line Broadening of their output spectrum around its mean frequency f0 and that the Pedestal of phase noise far from f0 comes from Dissipations modified by the feedback electronics. The charge noise power 4FkT/R C2/s that disturbs the otherwise periodic fluctuation of charge these oscillators aim to sustain in their L-C-R resonator, is what creates their phase noise proportional to Leeson’s noise figure F and to the charge noise power 4kT/R C2/s of their capacitance C that today’s modelling would consider as the current noise density in A2/Hz of their resistance R. Linked with this (A2/Hz?C2/s) equivalence, R becomes a random series in time of discrete chances to Dissipate energy in Thermal Equilibrium (TE) giving a similar series of discrete Conversions of electrical energy into heat when the resonator is out of TE due to the Signal power it handles. Therefore, phase noise reflects the way oscillators sense thermal exchanges of energy with their environment

Behaviour of dolomite, olivine and alumina as primary catalysts in air-steam gasification of sewage sludge

Sewage sludge gasification assays were performed in an atmospheric fluidised bed reactor using air and air–steam mixtures as the gasifying agents. Dolomite, olivine and alumina are three well known tar removal catalysts used in biomass gasification processing. However, little information is available regarding their performance in sewage sludge gasification. The aim of the current study was to learn about the influence of these three catalysts in the product distribution and tar production during sewage sludge gasification. To this end, a set of assays was performed in which the temperature (750–850 °C), the in-bed catalyst content (0, 10 and 15 wt.%) and the steam–biomass ratio (SB) in the range of 0–1 were varied with a constant equivalence ratio (ER) of 0.3. The results were compared to the results from gasification without a catalyst. We show that dolomite has the highest activity in tar elimination, followed by alumina and olivine. In addition to improving tar removal, the presence of water vapour and the catalysts increased the content of H2 in the gases by nearly 60%.

Air-steam gasification of sewage sludge in a bubbling bed reactor: Effect of alumina as a primary catalyst

Numerous references can be found in scientific literature regarding biomass gasification. However, there are few works related to sludge gasification. A study of sewage sludge gasification process in a bubbling fluidised bed gasifier on a laboratory scale is here reported. The aim was to find the optimum conditions for reducing the production of tars and gain more information on the influx of different operating variables in the products resulting from the gasification of this waste. The variables studied were the equivalence ratio (ER), the steam-biomass ratio (SB) and temperature. Specifically, the ER was varied from 0.2 to 0.4, the SB from 0 to 1 and the temperature from 750 °C (1023 K) to 850 °C (1123 K). Although it was observed that tar production could be considerably reduced (up to 72%) by optimising the gasification conditions, the effect of using alumina (aluminium oxide, of proven efficacy in destroying the tar produced in biomass gasification) as primary catalyst in air and air-steam mixture tests was also verified. The results show that by adding small quantities of alumina to the bed (10% by weight of fed sludge) considerable reductions in tar production can be obtained (up to 42%) improving, at the same time, the lower heating value (LHV) of the gas and carbon conversion.