Averaging techniques for finite element error control, occasionally called ZZ estimators for the gradient recovery, enjoy a high popularity in engineering because of their striking simplicity and universality: One does not even require a PDE to apply the nonexpensive postprocessing routines. Recently, averaging techniques have been mathematically proved to be reliable and efficient for various ...

Under the assumption of normally distributed returns, we analyze whether the Cumulative Prospect Theory of Tversky and Kahneman (1992) is consistent with the Capital Asset Pricing Model. We find that in every financial market equilibrium the Security Market Line Theorem holds. However, under the functional form for the utility index suggested by Tversky and Kahneman (1992) financial market equi...

In this research, the bending analysis of rectangular nanoplates subjected to mechanical loading is investigated. For this purpose, the strain gradient elasticity theory with one gradient parameter is presented to study the nanoplates. From the best knowledge of authors, it is the first time that the exponential shear deformation formulation based on strain gradient elasticity theory is carried...

This paper estimates a dynamic model of the world oil market and tests whether OPEC countries colluded and whether non-OPEC countries behaved oligopolistically over the period 1970-2004. The model generates estimates of the shadow price of the resource with minimal functional form assumptions. Results support oligopolistic behavior among non-OPEC producers and collusion among OPEC producers exc...

Financial data are as a rule asymmetric, although most econometric models are symmetric. This applies also to continuous-time models for high-frequency and irregularly spaced data. We discuss some asymmetric versions of the continuous-time GARCH model, concentrating then on the GJR-COGARCH. We calculate higher order moments and extend the first jump approximation. These results are prerequisite...

This paper presents an image interpolation model with nonlocal p-Laplacian regularization. The nonlocal p-Laplacian regularization overcomes the drawback of the partial differential equation PDE proposed by Belahmidi and Guichard 2004 that image density diffuses in the directions pointed by local gradient. The grey values of images diffuse along image feature direction not gradient direction un...

This paper presents a mathematical continuum model to investigate the static stability buckling of cross-ply single-walled (SW) carbon nanotube reinforced composite (CNTRC) curved sandwich nanobeams in thermal environment, based on novel quasi-3D higher-order shear deformation theory. The study considers possible nano-scale size effects agreement with nonlocal strain gradient theory, including ...