We study the effect of the life settlement market on the structure of long term contracts offered by the primary market for life insurance, as well as the effect on consumer welfare, using a dynamic model of life insurance with one sided commitment and bequest-driven lapsation. We show that the presence of life settlement affects the extent as well as the form of dynamic reclassification risk i...

The compression index and recompression index are one of the important compressibility parameters to determine the settlement calculation for fine-grained soil layers. These parameters can be determined by carrying out laboratory oedometer test on undisturbed samples; however, the test is quite time-consuming and expensive. Therefore, many empirical formulas based on regression analysis have be...

In the content of this study, non-linear consolidation behavior of unsaturated soils was investigated. In this respect a non linear differential equation for consolidation has been proposed. This proposed differential equation and its solutions enlighten both the diffusive characteristics and the time rate of settlement of soils. Besides, this study also enables to perform the matric suction ca...

Manipulative field experiments carried out on sheltered rocky shores investigated settlement and post-settlement interactions between Semibalanus balanoides and three species of fucoid canopy algae, Fucus spiralis L., Ascophyllum nodosum (L.) Le Jolis and Fucus serratus L. All three species had a negative effect on settlement and early recruitment of S. balanoides, densities being significantly...

The barnacle Balanus amphitrite is among the most dominant fouling species on intertidal rocky shores in tropical and subtropical areas and is thus a target organism in antifouling research. After being released from adults, the swimming nauplius undertakes six molting cycles and then transforms into a cyprid. Using paired antennules, a competent cyprid actively explores and selects a suitable ...

he U.S. dollar clearing and settlement system was little noticed during the recent financial crisis, mainly because it performed dependably, processing record volumes and values of trades made in stressed financial markets. Its successful operation was in part a result of the collaborative efforts undertaken by stakeholders over decades to improve risk management and operational resiliency. Und...

Ancient Maya settlement patterns exhibit fractal geometry both within communities and across regions. Fractals are self-similar sets of fractional dimension. In this paper, we show how Maya settlement patterns are logically and statistically self-similar. We demonstrate how to measure the fractal dimensions (or Hausdorff–Besicovitch dimensions) of several data sets. We describe nonlinear dynami...

Foreign exchange transactions are subject to a unique type of settlement risk. This risk ultimately stems from the difficulty of coordinating separate settlements in two different currencies. Settlement of foreign exchange transactions through the proposed CLS (“Continuous Linked Settlement”) Bank has been discussed as a potential solution to this problem. This paper describes the CLS proposal ...

Moira Decima and Holly Kindsvater Abstract Settlement patterns of two Dascyllus species provide insight into the relationship between recruits and adult distribution of reef fish larvae because of the close association between damselfish and settlement substrate. In Moorea, experimental coral heads were monitored for sixteen days for gregarious settlement by D. flavicaudus and D. aruanus. Three...