Value at Risk (VaR) has become the industry standard to measure the market risk. However, the selection of the VaR models is controversial. Simulation Results indicate Historical Simulation has significant positive bias, while GARCH (1,1) has has significant negative bias. Also HS adapts structural change slowly but stable, while GARCH adapts structural break rapidly but less stable. Thus the m...

The present paper thoroughly explores second-best efficient allocations in an adverse selection insurance economy. We start from a natural extension of the classical model, assuming less than perfect risk perceptions. We propose first and second welfare theorems, by means of which we describe efficiencyenhancing policies. Notions of weak and strong adverse selection are promising for interpreti...

factor demand behavior such as energy demand has an important role in the economic analysis. this issue is a major concern in the developing countries (e.g. iran) which are benefited from vast energy resources. in this paper, the third generation of factor demand models is used to analyze the behavior of capital adjustment in the iranian manufacturing industries. the dataset covers the two-digi...

UNLABELLED Haloarcula japonica, an extremely halophilic archaeon that requires high concentrations of NaCl for growth, accumulates the C50 carotenoid bacterioruberin (BR). By homology analysis, a gene cluster, including c0507, c0506, and c0505, was found and predicted to be involved in the synthesis of bacterioruberin. To elucidate the function of the encoded enzymes, we constructed Ha. japonic...

Adequate supply of energy is important for sustainable growth in an economy. The rate the Nigeria’s electricity development very slow and not effective compare to other emerging economies; this on hands has discouraged production, most especially manufacturing sector. In light this, study investigates long-run impact consumption sector performance proxy by output, employment capital using Canon...

To characterize polyclonal antisera for two-point immunoturbidimetric applications, we defined, as functions of antiserum concentration, two parameters derived from dose-response curves: the maximum bichromatic optical response, Tmax, and the antigen concentration in the region of excess antibody corresponding to one-half Tmax, or C50. We raised monospecific polyclonal antisera in goats against...