The payoff distribution pricing model (PDPM) of Dybvig [13] is a powerful tool for measuring the inefficiency of any investment strategy in a multiperiod setting. In this study, we extend the PDPM in three major ways. Firstly, we develop an operational formula for computing the inefficiency amount of a strategy. Secondly, we use six different investment horizons spanning from one month to five ...

Ian D Maidment (corresponding author), Senior Pharmacist, Kent and Medway NHS and Social Care Partnership Trust, Honorary Research Fellow, Centre for Health Services Studies, University of Kent. Corresponding address – Pharmacy Department, Eastern and Area Coastal Office, St Martin’s Hospital, Littlebourne Rd., Canterbury, Kent, CT1 1AZ, UK Telephone / fax – 01227 812203. Email – ian.maidment@n...

The Eisenberg plot or hydrophobic moment plot methodology is one of the most frequently used methods of bioinformatics. Bioinformatics is more and more recognized as a helpful tool in Life Sciences in general, and recent developments in approaches recognizing lipid binding regions in proteins are promising in this respect. In this study a bioinformatics approach specialized in identifying lipid...

Physiol. Soc.. ESSN: 1548-9221. Visit our website at http://www.the-aps.org/. American Physiological Society, 9650 Rockville Pike, Bethesda MD 20814-3991. ©2013 Int. Union Physiol. Sci./Am. the physiological developments. It is published bimonthly in February, April, June, August, October, and December by (formerly published as News in Physiological Science) publishes brief review articles on m...

interaction of pb(ii) ion with modified banana shell (mbs) and banana shell (bs) during adsorption fromaqueous solution were investigated. batch experiments were carried out to investigate the effect of contact time,ph, and idmid ion concentration on adsorption efficiency. the favorable pll for maxim= pb(ii) adsorptionwas at 5.0. for the investigated imoi) concentrations (10-80 mph), maximum ad...

formation of asphaltene deposition during oil production, processing and synthesis is known as a fundamental problem of petroleum reservoir worldwide. asphaltene is a petroleum fraction that can lead to increasing the operating costs in these industries. variations in operational pressure, temperature and fluid composition are generally the significant cause of asphaltene precipitation. in this...

A patient who had disabling supraventricular tachycardia showed electrophysiologic evidence of coexistent right and left Kent bundles. The supraventricular tachycardia was accelerated by sequential antegrade and retrograde conduction over the right and left Kent bundles, respectively. Spontaneous blocking of the conduction through the right Kent bundle was associated with a slowing of the tachy...

We study the Diamond-Dybvig [3] model as developed in Green and Lin [5] and Peck and Shell [7]. We dispense with the notion of a bank as a coalition of depositors. Instead, our bank is a self-interested agent with a technological advantage in recordkeeping. We examine the implications of the resulting agency problem for the design of bank contracts and the possibility of bank-run equilibria. Fo...

A general equilibrium model of a financial intermediary extends the model first introduced by D. Diamond and P. Dybvig (JPE, 1983) to an infinite-horizon environment. This extension enables the relationship between the real business cycle and the composition of assets held in the banking sector to be studied. As in the D-D model, the bank is an optimal financial intermediary coalition here. Mor...