Search results for " Microstructure"

Effects of Behavioural Finance on Emerging Capital Markets

2014

Abstract A recent common view of finance experts is that it is becoming increasingly difficult to understand how the economy as a whole works. Although the efficient market theory might be considered an ideal model enabling the interpretation of market behavior, it has begun to lose ground, and the rationality hypothesis failed to explain the excessive volatility of the returns and trading volume recorded on both developed capital markets and emerging ones. Adding the behavioral finance perspective to the equation can help us to understand better how market agents will react. In this article, we investigate the factors that may explain the trading volume evolution on two emerging capital ma…

Surface, mechanical and barrier properties of bio-based composite films based on chitosan and whey protein

2014

Mono-component and composite bilayer and blend films composed of chitosan and whey protein were made. Colour, microstructure, water contact angles, swelling, water vapour sorption, barrier properties (oxygen, water vapour), water vapour diffusion coefficients and mechanical properties were determined. The influence of water vapour on barrier properties was studied in relation to the surface and structural properties. Mono-component and bilayer films were transparent with a homogeneous surface. Contrarily, blend films were translucent. Bilayer films had significantly lower water vapour permeability in comparison to mono-component and blend films. In all bilayer films, the air side (chitosan)…

Influence of the Fabrication Accuracy of Hot-Embossed PCL Scaffolds on Cell Growths

2020

Polycaprolactone (PCL) is a biocompatible and biodegradable polymer widely used for the realization of 3D scaffold for tissue engineering applications. The hot embossing technique (HE) allows the obtainment of PCL scaffolds with a regular array of micro pillars on their surface. The main drawback affecting this kind of micro fabrication process is that such structural superficial details can be damaged when detaching the replica from the mold. Therefore, the present study has focused on the optimization of the HE processes through the development of an analytical model for the prediction of the demolding force as a function of temperature. This model allowed calculating the minimum demoldin…

EUA and sCER Phase II Price Drivers: Unveiling the reasons for the existence of the EUA-sCER spread

2011

International audience; This article studies the price relationships between EU emissions allowances (EUAs) - valid under the EU Emissions Trading Scheme (EU ETS) - and secondary Certified Emissions Reductions (sCERs)--established from primary CERs generated through the Kyoto Protocol's Clean Development Mechanism (CDM). Given the price differences between EUAs and sCERs, financial and industrial operators may benefit from arbitrage strategies by buying sCERs and selling EUAs (i.e. selling the EUA-sCER spread) to cover their compliance position as industrial operators are allowed to use sCERs towards compliance with their emissions cap within the European system up to 13.4%. Our central res…

L'acquisition des compétences par le recours au marché de contrôle d'entreprises : une source d'avantage concurrentiel

2007

Using organoclay to promote morphology refinement and co-continuity in high-density polyethylene/polyamide 6 blends – Effect of filler content and po…

2010

We investigate the gradual changes of the microstructure of two blends of high-density polyethylene (HOPE) and polyamide 6 (PA6) at opposite composition filled with increasing amounts of an organo-modified clay. The filler locates preferentially inside the polyamide phase, bringing about radical alterations in the micron-scale arrangement of the polymer phases. When the host polyamide represents the major constituent, a sudden reduction of the average sizes of the polyethylene droplets was observed upon addition of even low amounts of organoclay. A morphology refinement was also noticed at low filler contents when the particles distributes inside the minor phase. In this case, however, keep…

Larval fish assemblages in the central Mediterranean Sea: spatio spatio-temporal dynamics and biological effect on early life stage of Sardinella aur…

Diffusive behavior and the modeling of characteristic times in limit order executions

2007

We present an empirical study of the first passage time (FPT) of order book prices needed to observe a prescribed price change Delta, the time to fill (TTF) for executed limit orders and the time to cancel (TTC) for canceled ones in a double auction market. We find that the distribution of all three quantities decays asymptotically as a power law, but that of FPT has significantly fatter tails than that of TTF. Thus a simple first passage time model cannot account for the observed TTF of limit orders. We propose that the origin of this difference is the presence of cancellations. We outline a simple model, which assumes that prices are characterized by the empirically observed distribution …

Study of the effects of salt crystallisation on degradation of limestone rocks

2013

Salt crystallization is widely recognized as a cause of deterioration of porous building materials. In particular, the crystallization pressure of salt crystals growing in confined pores is found to be the main cause for damage. The aim of this study is to better understand the degradation of porous rocks induced by salt crystallisation and correlate such processes with the intrinsic characteristics of materials. With this intend, an experimental salt weathering simulation has been carried out on two limestones widely used in the Baroque architecture of eastern Sicily. A systematic approach including petrographic, porosimetric and colorimetric analyses, was used to evaluate the correlation …

Mineral phase in shell repair of Manila clam Venerupis philippinarum affected by brown ring disease.

2011

14 pages; International audience; The mineral phase of shell repair in the Manila clam Venerupis philippinarum affected by brown ring disease (BRD) was characterised at various scales and at various stages of shell repair by confocal Raman microspectrometry and scanning electron microscopy. Spherulitic and quadrangular aragonite microstructures associated with polyene pigments were clearly observed. Von Kossa staining showed that at the beginning of shell repair, hemocytes are filled with insoluble calcium carbonate salts in all fluids and then are transported toward the extrapallial fluids and the repair sites. Our analyses suggest that after a Vibrio tapetis attack and BRD deposit some cl…