IV.—Moine Pebbles in Torridonian Conglomerates

Lithophagia: pebbles in and pebbles out.

Fig. 1 : X-ray abdomen of the patient showing pebbles in rectum and the anal canal 35 year old male patient hailing from Sivani, madhya Pradesh had come with complaints of passing watery stools, dull aching pain in the abdomen since 10 to 15 days. Patient had been a case of mental retardation since childhood. he was noticed passing pebbles along with passage of watery stools. On further enquiry...

Sandstones and Conglomerates in Ohio

Flipping Pebbles

We are trying to understand exactly how complicated these orbits are. A moment’s thought reveals that the toggle operation is reversible, so the orbit of any sequence must be a cycle. A few computational experiments suggest that the length of the cycle associated with a sequence of length n is about 2 and thus has exponential length. This leads to a natural computational question that we will r...

Incentive Problems in Financial Conglomerates ∗

This paper analyzes how scope-expansion by a bank affects its lending activity. Scope economies between activities naturally arises from an incentive problem in the lending business. It shows that the sale of multiple product can impede banks to credibly commit to penalize borrowers in default. Thus, borrowers are more likely to face soft budget constraint. It finds that a more competitive envi...

Conglomerates and Industry Distress

Focusing on economic distress episodes in an industry, we estimate the effect of conglomeration on resource allocation. Distressed segments have higher sales growth, higher cash flow, and higher expenditure on research and development than single-segment firms. This is especially true for segments with high past performance, for unrated firms, and in competitive industries. Single-segment firms...