A financial market model where agents trade using realistic combinations of buy-andhold strategies is considered. Minimal assumptions are made on the asset-price process — in particular, the semimartingale property is not assumed. Via a natural assumption of limited opportunities for unlimited resulting wealth from trading, coined the “No Unbounded Profit with Bounded Risk” condition, we establ...

subject was tackled, it was evident that support by gratuitous contributions and work by an unpaid staff did not define a voluntary hospital, for there are many which are supported by funds which are in the nature of payment for services rendered, and some by funds gotten by mass contributions, which are payments for services to be rendered. Also there are many hospitals where the honorary staf...

COME time ago the Council of King Edward's ^ Hospital Fund asked for suggestions for the improvement of the annual statistical report. We do not know if the whole of the responses have been considered, but the report just published does not materially differ from its predecessors. There is, however, one new, important and most interesting feature. It will be remembered that the report mainly de...

development of the contributory system, and a good deal was heard of it at the exceedingly interesting and remarkably well-organised Conference of the Hospitals Association at Sheffield. It came before the Conference in a very definite form in papers read by two distinguished authorities, Sir Napier Burnett and Mr. H. J. Waring, each of whom laid stress upon the change which is taking place in ...

The present paper examines how an innovating firm decides between two forms of voluntary agreements (VA) in a context, where a non-governmental organization (NGO) rather than a regulator watches over citizens’ interests. The innovation generates profit and consumer surplus as well as environmental damage. Corporate social responsibility (CSR) within the innovation process is considered in terms...

objective: due to the frequent use of surface electromyography as a tool for the study of muscle function, to accurately compare electromyographic data from different muscles and different subjects, it is necessary to normalize the integrated data obtained from each muscle. the most common normalization technique is the use of maximum voluntary isometric contraction (mvic) of a predetermined is...

HOW VOLUNTARY IS ‘VOLUNTARY’ ORIENTING OF ATTENTION? Caroline Decaix1,2, Eric Siéroff2 and Paolo Bartolomeo1,3 (1INSERM Unit 324, Centre Paul Broca, 2ter rue d’Alésia, 75014 Paris, France; 2Université René Descartes (Paris 5), Laboratoire de Psychologie Expérimentale, cnrs URA 8581, Paris, France; 3Neuroscience Department, Henri-Mondor Hospital, Créteil, France)