Kent State had its beginning nearly a century ago. William S. Kent, a person of vision, donated 53 acres of farmland located on a hill overlooking a small town on the Cuyahoga River. He did so to establish a teacher education school in his community. When I visit various communities in my travels, I always ask, Why does this community or city exist? What is its reason for being? Kent exists bec...

—We give two natural generalizations of Fisher’s market model: In model M1, sellers can declare an upper bound on the money they wish to earn (and take back their unsold good), and in model M2, buyers can declare an upper bound on the amount to utility they wish to derive (and take back the unused part of their money). —We derive convex programs for the linear case of these two models by genera...

We present sound and complete environmental bisimilarities for a variant of Dybvig et al.’s calculus of multi-prompted delimited-control operators with dynamic prompt generation. The reasoning principles that we obtain generalize and advance the existing techniques for establishing program equivalence in calculi with single-prompted delimited control. The basic theory that we develop is present...

T his special issue of the Economic Quarterly is dedicated to the 1983 model of bank runs developed by Douglas Diamond and Philip Dybvig.1 Their model has been a workhorse of banking research over the last 25 years and during the recent financial crisis it has been one that researchers and policymakers consistently turn to when interpreting financial market phenomena. The Diamond-Dybvig model h...

Towards quantifying the role of hydrogen bonding within amphiphile self-association and resultant aggregate formation. L. J. White, N. J. Wells, L. R. Blackholly, H. J. Shepherd, B. Wilson, G. P. Bustone, T. J. Runacres, and J. R. Hiscock a School of Physical Sciences, University of Kent, Park Wood Road, Canterbury, Kent, CT2 7NH, UK; Email: [email protected]; Tel: +44 (0)1227 823043. b Sc...

Molecularly targeted therapy is a hot topic in oncology, and the development of imatinib mesylate (Gleevec) for gastrointestinal stromal tumors (GISTs) is one of our best examples of the successful translation of basic science research into effective treatment of malignancy. Dr. Eisenberg has thoroughly researched the impetus for the use of imatinib in GISTs and has methodically reviewed the re...

We prove that in competitive market economies with no insurance for idiosyncratic risks, agents will always overinvest in illiquid long term assets and underinvest in short term liquid assets. We take as our setting the seminal model of Diamond and Dybvig (1983), who first posed the question in a tractable model. We reach such a simple conclusion under mild conditions because we stick to the ba...

Y. W. Chen, W. C. Wang, W. H. Yu, E. T. Kang,* K. G. Neoh, R. H. Vora, C. K. Ong and L. F. Chen Department of Chemical Engineering, National University of Singapore, 10 Kent Ridge Crescent, Singapore 119260. E-mail: [email protected]; Fax: (65) 67791936; Tel: (65) 68742189 Department of Materials Science, National University of Singapore, 10 Kent Ridge Crescent, Singapore 119260 Department of P...

The development of numerical simulation for Ultra-high-performance concrete (UHPC) and fiber-reinforced concretes (UHPFRC) is fundamental the design construction related structures. simplified engineering stress-strain relationship input values are necessary in finite element modeling. Four-linear curves modified Kent–Park model were proposed to describe tensile compressive relationship, respec...