Atmospheric circulation anomalies, related to snowfall events on the Tanzanian volcano Kilimanjaro, were analyzed based on hourly snowfall data from an automated weather station (AWS), global precipitation and reanalysis products. Analysis of 5 years of data (2000–2005) shows that snowfall on Kilimanjaro is linked to large-scale circulation anomalies, which can be identified in global reanalysi...

The present work studies the behavior of a monopolistic informed trader in a two-period competitive dealer market. We show that the informed trader may engage in stock price manipulation as a result of the exploitation of his informational advantage (su±cient conditions are provided). The informed trader achieves this manipulation by not trading in the ̄rst period according to the information r...

We study the impact of a financial transaction tax (FTT) in model that combines asset trading and real investment. An informed trader holds private information about fundamental value firm, firm’s manager relies on price to infer such invest accordingly. characterize an informative, but illiquid, equilibrium where is optimal trade inefficiently low, together with uninformative maximal liquidity...

We provide a natural learning process in which a financial trader without a risk receives a gain in case when Stock Market is inefficient. In this process, the trader rationally choose his gambles using a prediction made by a randomized calibrated algorithm. Our strategy is based on Dawid’s notion of calibration with more general changing checking rules and on some modification of Kakade and Fo...

We use a mean-variance model to analyze the problem of decentralized portfolio management. We find the solution for the optimal portfolio allocation for a head trader operating in n different markets, which is called the optimal centralized portfolio. However, as there are many traders specialized in different markets, the solution to the problem of optimal decentralized allocation should be di...

In network-centered execution environments, client objects can transparently invoke services offered by remote server objects, according to their published interface. The object selection problem requires the evaluation of the fitness of a pool of candidate server objects on the basis of the available information about their functional and nonfunctional features. Network-centered systems usuall...

Distributed computing systems are composed of various types and sizes of resources. Providing a reliable and e cient distributed computing environment largely depends on the effective management of these resources. ISO has begun work on a proposed standard for Open Distributed Processing (ODP).The ODP framework includes a mechanism called the Trader which provides a framework for exchanging ser...