The Journal of Finance has published an important paper entitled “A Simple Econometric Approach for Utility-Based Asset Pricing Model” by Brown and Gibbon (1985). The main purpose of this paper is to extend the research of Brown and Gibbons (1985) and Karson et al. (1995) in estimating the relative risk aversion (RRA) parameter β in utility-based asset pricing model. First, we review the distri...

This article introduces a new and effective method for urban zone segmentation in satellite imagery. The proposed method consists in filtering a band of the multi-spectral image (from the SPOT satellite) with a quadrature bandpass isotropic filter. The filter bandwith and tuning frequency are determined from the source images by a simple experimental analysis. The final image can be obtained by...

We study an optimum-taxation model, where individuals differ not only in earning abilities, but also in inherited endowments. We show first that an expenditure tax (which is equivalent to a tax on endowments), combined with an optimum nonlinear income tax, is desirable according to a utilitarian social objective, if on average high-able individuals have larger endowments that low-able. Secondly...

(Corresponding Author) 1 Elizabeth B. Torres 2 Rutgers University (Busch Campus) Psychology Dept. 3 152 Frelinghuysen Rd. Piscataway, NJ 08854 4 Telephone: (732) 445-2469, 5 fax: (732) 445-2263 6 Email: [email protected] 7 8 Anastasia Raymer 9 Dept of Veterans Affairs ESSE 10 110 Child Study Center 11 Old Dominion University 12 Norfolk, VA 23529-0136 13 Email: [email protected] 14 15 Lesli...

Introduction: the scope of this article 704 Dienert’s work on adaptation of yeast to galactose 707 Enzymic adaptation or selection of mutants? 709 Galactose fermentation by yeasts 713 Monod’s work on lactose utilization by Escherichia coli 714 Gratuitous induction 716 ‘Permeases’: transport of metabolites into the cells 718 Carbon catabolite repression 720 The operon 722 The galactose pathway i...

1. Biological systems containing Cu2O2 cores . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 723 2. Synthetic systems containing Cu2O2 cores . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...

We present a high-resolution multi-frequency identification study of the Small Magellanic Cloud (SMC) region around the newly discovered X-ray pulsar AX J0049-732. ROSAT PSPC images show three X-ray sources near the ASCA source position. We combine X-ray, radio-continuum and optical data to identify these sources. RX J0049.2-7311 and RX J0049.5-7310 did not show long-term time variability nor p...

Distributed Server Programming using .Net and ArcObjects Track: Application Development Author(s): Brian Flood This paper explores the use of both .Net and ArcObjects in the Programmable Mapping Cluster (PMC), a software framework to ease ArcObjects development over large groups of servers. The PMC makes extensive use of the .Net Remoting architecture to connect all servers in a cluster into a ...