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A Simple Model of Capital Market Equilibrium with Incomplete Information

by Robert C. Merton - JOURNAL OF FINANCE , 1987
"... The sphere of modern financial economics encompases finance, micro investment theory and much of the economics of uncertainty. As is evident from its influence on other branches of economics including public finance, industrial organization and monetary theory, the boundaries of this sphere are both ..."
Abstract - Cited by 756 (2 self) - Add to MetaCart
. But for all its mathematical refinement, the research has nevertheless had a direct and significant influence on practice. It was not always thus. Thirty years ago, finance theory was little more than a collection of anecdotes, rules of thumb, and manipulations of accounting data with an almost exclusive

Systems Competition and Network Effects

by Michael L. Katz, Carl Shapiro - JOURNAL OF ECONOMIC PERSPECTIVES—VOLUME 8, NUMBER 2—SPRING 1994—PAGES 93–115 , 1994
"... Many products have little or no value in isolation, but generate value when combined with others. Examples include: nuts and bolts, which together provide fastening services; home audio or video components and programming, which together provide entertainment services; automobiles, repair parts and ..."
Abstract - Cited by 544 (6 self) - Add to MetaCart
Many products have little or no value in isolation, but generate value when combined with others. Examples include: nuts and bolts, which together provide fastening services; home audio or video components and programming, which together provide entertainment services; automobiles, repair parts

Determinants of perceived ease of use Integrating Control, Intrinsic Motivation, and Emotion into the Technology Acceptance Model.

by Viswanath Venkatesh - Information Systems Research , 2000
"... M uch previous research has established that perceived ease of use is an important factor influencing user acceptance and usage behavior of information technologies. However, very little research has been conducted to understand how that perception forms and changes over time. The current work pres ..."
Abstract - Cited by 493 (2 self) - Add to MetaCart
M uch previous research has established that perceived ease of use is an important factor influencing user acceptance and usage behavior of information technologies. However, very little research has been conducted to understand how that perception forms and changes over time. The current work

Managerial Discretion and Optimal Financing Policies

by Renc M. Stulz - J. Finan. Econ , 1990
"... I analyze financing policies in a firm owned by atomistic shareholders who observe neither cash flows nor management’s investment decisions. Management derives perquisites from investment and invests as much as possible. Since it always claims that cash flow is too low to fund all positive net prese ..."
Abstract - Cited by 453 (18 self) - Add to MetaCart
present value projects. its claim is not credible when cash flow is truly low. Consequently, management is forced to invest too little when cash flow is low and chooses to invest too much when it is high. Financing policies, by influencing the resources under management’s control, can reduce the costs

Measuring user influence in Twitter: The million follower fallacy

by Meeyoung Cha, Hamed Haddadi, Fabrício Benevenuto, Krishna P. Gummadi - in ICWSM ’10: Proceedings of international AAAI Conference on Weblogs and Social , 2010
"... Directed links in social media could represent anything from intimate friendships to common interests, or even a passion for breaking news or celebrity gossip. Such directed links determine the flow of information and hence indicate a user’s influence on others—a concept that is crucial in sociology ..."
Abstract - Cited by 401 (24 self) - Add to MetaCart
, but through concerted effort such as limiting tweets to a single topic. We believe that these findings provide new insights for viral marketing and suggest that topological measures such as indegree alone reveals very little about the influence of a user.

Tunneling Characteristics for Bi2212 Intrinsic Josephson Junctions With Little Influence of Self-Heating Using Short Pulse Technique on 60 ns Time Scale

by Kenkichi Anagawa, Yoshiharu Yamada, Takao Watanabe, Minoru Suzuki
"... Tunneling characteristics for Bi2212 intrinsic josephson junctions with little influence of self-heating using short pulse technique on 60 ns time scale ..."
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Tunneling characteristics for Bi2212 intrinsic josephson junctions with little influence of self-heating using short pulse technique on 60 ns time scale

Noise correlations have little influence on the coding of selective attention in area V1

by Jasper Poort, Pieter R. Roelfsema - Cereb. Cortex , 2009
"... Neurons in the visual primary cortex (area V1) do not only code simple features but also whether image elements are attended or not. These attentional signals are weaker than the feature-selective responses, and their reliability may therefore be limited by the noisiness of neuronal responses. Here ..."
Abstract - Cited by 7 (0 self) - Add to MetaCart
Neurons in the visual primary cortex (area V1) do not only code simple features but also whether image elements are attended or not. These attentional signals are weaker than the feature-selective responses, and their reliability may therefore be limited by the noisiness of neuronal responses. Here we show that it is possible to decode the locus of attention on a single trial from the activity of a small population of neurons in area V1. Previous studies suggested that correlations between the activities of neurons that are part of a population limit the information gain, but here we report that the impact of these noise correlations depends on the relative position of the neurons ’ receptive fields. Correlations reduce the benefit of pooling neuronal responses evoked by the same object but actually enhance the advantage of pooling responses evoked by different objects. These opposing effects cancelled each other at the population level, so that the net effect of the noise correlations was negligible and attention could be decoded reliably. Our results suggest that noise correlations are caused by large-scale fluctuations in cortical excitability, which can be removed by a comparison of the response strengths evoked by different objects.

Scientia Agricola Cover crops and pruning in Bobal and Tempranillo vineyards have little influence on grapevine nutrition

by Pedro Pérez-Bermúdez , Manuel Olmo , Jaime Gil , Lorenzo García-Férriz , Carmen Olmo , Rafael Boluda , Isabel Gavidia
"... ABSTRACT: Cover crops may improve vineyard soil properties, grapevine nutrient status and berry composition, however, factors such as cover crop type, annual rainfall, climate and irrigation may change their effects on vineyards. From 2008 to 2011, the effects of a non-permanent cover crop and two ..."
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ABSTRACT: Cover crops may improve vineyard soil properties, grapevine nutrient status and berry composition, however, factors such as cover crop type, annual rainfall, climate and irrigation may change their effects on vineyards. From 2008 to 2011, the effects of a non-permanent cover crop and two pruning techniques on soil as well as vine nutrients and grapevine performance of two vineyards (cv. Tempranillo and cv. Bobal) were evaluated. For that purpose, two legumes were sown in inter-rows of hand-pruned vines in February and were tilled at flowering. Soil tillage, or cover cropping, was combined with either light pruning or severe pruning to study foliar nutrient variations. Soil N, P, K and total organic carbon (TOC) were determined in samples taken from the Ap1 horizon in January prior to vine pruning. Foliar N, P, K contents

High Levels of Sediment Contamination Have Little Influence on Estuarine Beach Fish Communities

by Andrew C. Mckinley, Katherine A. Dafforn, Matthew D. Taylor, Emma L. Johnston , 2011
"... While contaminants are predicted to have measurable impacts on fish assemblages, studies have rarely assessed this potential in the context of natural variability in physico-chemical conditions within and between estuaries. We investigated links between the distribution of sediment contamination (me ..."
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While contaminants are predicted to have measurable impacts on fish assemblages, studies have rarely assessed this potential in the context of natural variability in physico-chemical conditions within and between estuaries. We investigated links between the distribution of sediment contamination (metals and PAHs), physico-chemical variables (pH, salinity, temperature, turbidity) and beach fish assemblages in estuarine environments. Fish communities were sampled using a beach seine within the inner and outer zones of six estuaries that were either heavily modified or relatively unmodified by urbanization and industrial activity. All sampling was replicated over two years with two periods sampled each year. Shannon diversity, biomass and abundance were all significantly higher in the inner zone of estuaries while fish were larger on average in the outer zone. Strong differences in community composition were also detected between the inner and outer zones. Few differences were detected between fish assemblages in heavily modified versus relatively unmodified estuaries despite high concentrations of sediment contaminants in the inner zones of modified estuaries that exceeded recognized sediment quality guidelines. Trends in species distributions, community composition, abundance, Shannon diversity, and average fish weight were strongly correlated to physico-chemical variables and showed a weaker relationship to sediment metal contamination. Sediment PAH concentrations were not significantly related to the fish assemblage. These findings suggest that variation in some physico-chemical factors (salinity, temperature, pH) or variables that co-vary with

Characteristics of the Human Host Have Little Influence on Which Local Schistosoma mansoni Populations Are Acquired

by Lúcio M. Barbosa, Luciano K. Silva, Eliana A. Reis, Theomira M. Azevedo, Jackson M. Costa, Walter A. Blank, Mitermayer G. Reis, Ronald E. Blanton
"... Background: Brazil remains the country in the Americas with the highest prevalence of schistosomiasis. A combination of control efforts and development, however, has sharply reduced its intensity and distribution. The acquisition of specific schistosome populations may be dependent on host character ..."
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Background: Brazil remains the country in the Americas with the highest prevalence of schistosomiasis. A combination of control efforts and development, however, has sharply reduced its intensity and distribution. The acquisition of specific schistosome populations may be dependent on host characteristics such as sex, age, geography, work, habits and culture. How these and other host characteristics align with parasite subpopulations may guide approaches to improve control. Methodology: A cohort of more than 90 % of the residents in two rural communities in Brazil participated in an epidemiologic survey of demographic, socio-economic and behavioral characteristics. The variables sex, age, intensity of infection, socio-economic index, % lifetime spent on site, previous infection, and trips outside the district were used to group parasites infecting individuals. Schistosoma mansoni infection status was determined by examination of stools submitted on 3 different days. The aggregate of eggs collected from the whole stool was used to determine degree of population differentiation from allele frequencies for 15 microsatellites. Conclusions/Significance: Infection prevalence was 41 % for these communities, and the epidemiologic characteristics were similar to many of the endemic areas of Brazil and the world. Parasite population structuring was observed between the two communities (Jost’s D 0.046, CI95 % 0.042–0.051), although separated by only 8 km and connected by a highway. No structuring was observed when infected individuals were stratified by host’s biologic, demographic or epidemiologic
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