Search results for "Nome"

Grading investment diversification options in presence of non-historical financial information

2021

Modern portfolio theory deals with the problem of selecting a portfolio of financial assets such that the expected return is maximized for a given level of risk. The forecast of the expected individual assets’ returns and risk is usually based on their historical returns. In this work, we consider a situation in which the investor has non-historical additional information that is used for the forecast of the expected returns. This implies that there is no obvious statistical risk measure any more, and it poses the problem of selecting an adequate set of diversification constraints to mitigate the risk of the selected portfolio without losing the value of the non-statistical information owne…

The Role the Static Maximization Approach Plays in Neoclassical Analyses

1994

This is an article on the methodology of economic thought. The critical assessment of the neoclassical research programme contained here basically comes from the contributions of J.M. Buchanan, Nobel prize winner in Economics 1986. These comments are aimed at pointing out the role that the static maximization approach plays in neoclassical analyses since L. Robbins and P. Samuelson’s influential contributions came about after World War II. Just to complement this basic purpose, I present in section 4 the alternative methodological foundations J.M. Buchanan proposes and uses to replace the static maximization approach when building public choice analyses and I sketch in section 5 several pe…

Russia-Ukraine balance of military power

2017

The Russia-Ukraine conflict is the most serious test of European security in the 21st century and the forgone conclusion is that Russia can easily prevail in the conflict, but this has not been the case. This article uses balance of military power analysis to report findings on the plausible outcome of a war between Ukraine and Russia. I report findings based on realist theoretical perspectives that indicate Russian victory is unlikely because of relative balance of power where Russia has to face multiple threats diverting its military power while Ukraine can concentrate its military power for a single purpose. The findings suggest implication for policy in Russia, Ukraine, EU and the Unite…

From Neo-Functional Peace to a Logic of Spillover in EU External Policy: A Response to Visoka and Doyle

2017

In their recently published JCMS article, Gezim Visoka and John Doyle have proposed the concept of ‘neofunctional peace’ as a means to conceptualize the EU's peacemaking practices in the case of the EU-facilitated Belgrade-Pristina dialogue. This article challenges the ‘neo-functional peace’ on conceptual and empirical grounds. We critically discuss Visoka and Doyle's (2016) reading of neofunctionalism and question parts of their empirical evidence given for the existence of a ‘neo-functional peace’. Going beyond a mere critique of the article by Visoka and Doyle and arguing that the authors may not have fully exploited neofunctionalism's potential for theorizing EU external policy, we stip…

The organization of the defense support system: an economic geography perspective

2017

In the context of restricted budgetary resources and the growing cost of maintenance, repair, and overhaul (MRO) activities, a major issue for modern armed forces is to sustain defense platforms. A possible method consists of realizing economies of scale through the concentration of maintenance activities, which involves the spatial reorganization of existing industrial sites dedicated to MRO. This article provides a formalized framework to discuss the optimal organization for the MRO of defense platforms in space. The public planner organizes the maintenance of defense platforms with only two possible spatial configurations. In the dispersed configuration, two industrial production units i…

Sharing R&D investments in breakthrough technologies to control climate change

2017

This paper examines international cooperation on technological development as an alternative to international cooperation on GHG emission reductions. In order to analyze the scope of cooperation, a three-stage technology agreement formation game is solved. First, countries decide whether or not to sign up to the agreement. Then, in the second stage, the signatories (playing together) and the non-signatories (playing individually) select their investment in R&D. In this stage, it is assumed that the signatories not only coordinate their levels of R&D investment but also pool their R&D efforts to fully internalize the spillovers of their investment in innovation. Finally, in the third stage, …

Local expert experiences and perceptions of environmentally induced migration from Bangladesh to India

2017

This study investigates local expert perceptions of the role of environmental factors, especially in terms of contemporary climate change, in population movements from Bangladesh to India. The aim is to delve into locally held understandings of the phenomenon and to gain a better understanding of these migration processes, which are actively intertwined with local experiences. Both Indian and Bangladeshi experts were interviewed using semi-structured, in-depth interviews in order to explore insights from locally held perceptions and understandings of contextual factors. In total, 10 Bangladeshi and 15 Indian experts were interviewed, covering different disciplines, sectors, regions and job …

Recent advances of the multipactor RF breakdown in RF satellite microwave passive devices

2016

The main goal of this work is the review of the recent advances in the study of the multipactor RF breakdown phenomenon in RF satellite microwave passive devices for space telecommunication applications developed in the Val Space Consortium. In this work several topics related with the multipactor phenomenon will be discussed.

Teaching Matters: Enjoyment and Job Satisfaction

2016

Teaching occurs in a complex and dynamic environment that involves other people—learners, their families and school authorities as well as the subject matter to be taught. Expectations towards the effects of teaching are high, though opinions about teachers may be harmful. What is a contemporary teacher like, then? The aim of this article is to present a portrait of an average teacher on the basis of selected empirical evidence from TALIS 2013 survey (OECD, 2014). Also teachers’ emotions and their relations with job satisfaction and overall success are discussed. Finally, empirical evidence from a case study on job satisfaction, enjoyment and success of Polish teachers of English is discuss…

2020

ABSTRACT The vertical structuring of methanotrophic communities and its genetic controllers remain understudied in the water columns of oxygen-stratified lakes. Therefore, we used 16S rRNA gene sequencing to study the vertical stratification patterns of methanotrophs in two boreal lakes, Lake Kuivajärvi and Lake Lovojärvi. Furthermore, metagenomic analyses were performed to assess the genomic characteristics of methanotrophs in Lovojärvi and the previously studied Lake Alinen Mustajärvi. The methanotroph communities were vertically structured along the oxygen gradient. Alphaproteobacterial methanotrophs preferred oxic water layers, while Methylococcales methanotrophs, consisting of putative…