From 1995 to 1998, more than 90 percent of mid-range IPOs were charged underwriter fees, or spreads, of exactly seven percent, even though evidence suggests that economies of scale in the size of the offering should allow for lower fees. Chen and Ritter (2000) offer collusion as a possible explanation based on empirical analysis and observation. Alternatively, we investigate whether the spreads...

Ferula gummosa Boiss. (Apiaceae) is one of the natural plants of Iran. The whole plant, but especially the root, contains the gum resin "galbanum". A study of the comparative effects of galbanum gum and two standard binding agents--polyvinylpyrolidone and acacia--on characteristics of acetaminophen and calcium carbonate compacts was made. The Ferula gummosa gum was extracted and its swelling in...

Homogenisation of consolidation and compressible fluid flow in dual-porosity media has highlighted the existence of three characteristic macroscopic behaviours. These three behaviours are, namely, a dual-porosity description which includes memory effects, a single-porosity description with which the micro-porosity is simply ignored, and an intermediate behaviour which we refer as behaviour with...

In a composite the matrix distributes the load onto and between the fibers. It is therefore important to know the volume fraction of fibers to ensure proper load distribution and predicted structural performance. The most common method of determining composite fiber volume fraction (FVF) involves removal of the matrix by burn off or acid digestion. While estimates of the fiber, matrix and void ...

[1] In this study, we used porosity to assess the compaction state of the Nankai accretionary wedge sediments and any implications for stress and pore pressure. However, hydrous minerals affect porosity measurements, and accounting for them is essential toward defining the interstitial porosity truly representative of the compaction state. The water content of sediments was measured in core sam...

Calcium polyphosphate (CPP) bioceramic with different porosities were prepared by controlling the concentration of the pore-foaming agent. Effect of porosity (0%, 15%, 30%, 45% and 60%) on the microstructure, pores interconnection, dissolution behavior and compressive strength of CPP bioceramic were investigated. Scanning electron microscope (SEM) and capillarity test results indicated that CPP...

Porosity has been frequently observed in solidified, deep penetration pulsed laser welds. Porosity is detrimental to weld quality. Our previous study shows that porosity formation in laser welding is associated with the weld pool dynamics, keyhole collapse, and solidification processes. The objective of this paper is to use mathematical models to systematically investigate the transport phenome...

Lightweight, porous ceramic structures are being developed for a variety of biologically-related applications. In bioengineering, there is interest in replacing metal-based implants with more functional implants consisting of porous bioceramics that are bioresorbable. In the design of bioinspired ceramic structures, there is a desire to understand the coupling between geometric complexity and p...

This study describes the porosity and particle size effects of rice husk pore former on diametral tensile strength porous alumina (Al2O3) ceramics. Porous Al2O3 ceramics with high sufficient were successfully prepared by pore-forming agent method using (RH) as according to sample formulation Al2O3-xRHy (where ‘x’ denotes range in µm ‘y’ percent weight content (wt%) RH). The thermogravimetric an...

I magine a society with perfect economic equality. Perhaps out of sheer coincidence, the supply and demand for different types of labor happen to produce an equilibrium in which everyone earns exactly the same income. As a result, no one worries about the gap between the rich and poor, and no one debates to what extent public policy should make income redistribution a priority. Because people e...