We consider a bank runs model à la Diamond and Dybvig (1983) with a continuum of agent types, indexed by the degree of patience. Much of our understanding based on the two-type model must be modified. The endogenous determination of a cutoff type is central to the analysis. In the case where the bank can credibly commit to a contract, the optimal contract results in socially excessive withdrawa...

45 Geospatial Analysis of Land Loss, Land Cover Change, and Landuse Patterns of Kutubdia Island, Bangladesh; Munshi K. Rahman, Center for Sustainability, Saint Louis University, St. Louis, MO, USA Thomas W. Schmidlin, Geography Department, Kent State University, Kent, OH, USA Mandy J. Munro-Stasiuk, Geography Department, Kent State University, Kent, OH, USA Andrew Curtis, Geography Department, ...

A general proof of the Dybvig-Ingersoll-Ross Theorem on the monotonicity of long forward rates is presented. Some inconsistencies in the original proof of this theorem are discussed.

This dissertation considers algorithms for determining a few of the largest singular values and corresponding vectors of large sparse matrices by solving equivalent eigenvalue problems. The procedure is based on a method by Golub and Kent for estimating eigenvalues of equvalent eigensystems using modified moments. The asynchronicity in the computations of moments and eigenvalues makes this meth...

in this study an empirical model which can be used to predict the rutting parameter (g*/sinδ) for neat and powder rubber modified bitumen describes. the model was developed using 36 unique powder rubber modified bitumen combinations, rubber concentrations were varied at 5% intervals between 5 and 20%. the effects of powder rubber particle size on model accuracy were also studied ultimately a mo...

This paper discusses the representation of ontologies in the first-order logical environment FOLE (Kent [8]). An ontology defines the primitives with which to model the knowledge resources for a community of discourse (Gruber [6]). These primitives, consisting of classes, relationships and properties, are represented by the entity-relationshipattribute ERA data model (Chen [2]). An ontology use...

Provide a structured abstract of 27 0 words.Text. Use only standard abbreviations and acronyms;spell out for first use, and use short version thereafter. Usegeneric names for drugs whenever possible. If using brandnames, put in parentheses after first citing generic names. References. Number references consecutively as they are cited.Sample reference: 1. Makary M.A., et al.:...

two models are commonly made use to explain the behavior of insurance industries, namely: risk-pooling and the risk-absorbing models. neither of the two models provides an acceptable definition of insurance output in the economies experiencing high inflation rate. to address the deficiencies of the present models, an alternative was proposed in the current study as based on the theory of in...