We study the effect of the life settlement market on the structure of long term contracts offered by the primary market for life insurance, as well as the effect on consumer welfare, using a dynamic model of life insurance with one sided commitment and bequest-driven lapsation. We show that the presence of life settlement affects the extent as well as the form of dynamic reclassification risk i...

The informal construction of dwellings (housing) and the informal growth of transport infrastructure are two main dynamics of an informal settlement growth phenomenon that may influence each other over time. Some studies have been done to understand the growth mechanisms of informal settlements, but not enough attention has been paid to study the informal growth of transport infrastructure dyna...

We investigate the role of settlement in a dynamic model of a payment system where the ability of participants to perform certain welfare-improving transactions is subject to random and unobservable shocks. In the absence of settlement, the full information first-best allocation cannot be supported due to incentive constraints. In contrast, this allocation is supportable if settlement is introd...

A static and a dynamic analysis model are separately established using ABAQUS finite element program to study the mechanical properties of track structure and running stability and safety of the vehicle under the condition that uneven settlement of bridge piers exists. The static model is aimed at studying the effects caused by uneven settlement alone and the dynamic one is for the effects indu...

nowadays, tunneling in urban areas is a common activity for a variety of transportations such as subways, water supply, lifelines andsewers that may require blast operations. the characteristics of stress waves of the blast are quite different from earthquake waves. the blast waves are usually of high frequency content, short duration, equality of amplitudes in horizontal and vertical direction...

nowadays, tunneling in urban areas is a common activity for a variety of transportations such as subways, water supply, lifelines andsewers that may require blast operations. the characteristics of stress waves of the blast are quite different from earthquake waves. the blast waves are usually of high frequency content, short duration, equality of amplitudes in horizontal and vertical direction...

This research aims to explore the dynamic characteristics and settlement prediction of soft soil. Accordingly, the dynamic shear modulus formula considering the vibration frequency was utilized and the dynamic triaxial test conducted to verify the validity of the formula. Subsequently, the formula was applied to the dynamic creep strain function, with the factors influencing the improved dynami...