Assuming a no arbitrage environment, this article analyses the role of the government in the context of company valuation when …rms follow di¤erent …nancial policies. For the two analyzed …nancial policies, the tax authority’s required returns and the value of tax payments are derived. Based on these results, we study the risk sharing e¤ects between equity owners and the government. It is shown...

T.F. Moriarty et al. (eds.), Biomaterials Associated Infection: Immunological Aspects and Antimicrobial Strategies, DOI 10.1007/978-1-4614-1031-7_2, © Springer Science+Business Media New York 2013 Abstract Coagulase-negative staphylococci, mainly Staphylococcus epidermidis , are currently the most frequent cause of hospital acquired infections in the USA. Mostly, but not exclusively, S. epiderm...

We consider the problem of collective decision-making from an arbitrary set of classifiers under Sugeno fuzzy integral (S-FI). We assume that classifiers are given, i.e., they cannot be modified towards their effective combination. Under this baseline, we propose a selection-combination strategy, which separates the whole process into two stages: the classifiers selection, to discover a subset ...

we introduce an implicit method for nding a common element of the set of solutions of systems of equilibrium problems and the set of common xed points of a sequence of nonexpansive mappings and a representation of nonexpansive mappings. then we prove the strong convergence of the proposed implicit schemes to the unique solution of a variational inequality, which is the optimality condition fo...

RECENTLY G. C. Young* and A. Denjoyf have communicated theorems—those in Denjoy's memoir are of an especially comprehensive character—dealing, in particular, with point sets where the four derivatives of a given continuous function are identical. It is the purpose of this note to treat an analogous problem that arises when "derivative" is replaced by "saltus."$ However, instead of confining our...

A ny a fi nd s a de ad b od y an d a ne w b es t fr ie nd — a gh os t na m ed E m ily . A t fi rs t A ny a an d Em ily a re c lo se , bu t A ny a re al iz es t ha t so m e pa rt s of t he s to ry E m ily t ol d ab ou t he r de at h do n’ t ad d up . A s A ny a st ru gg le s to s or t ou t fa ct f ro m fi ct io n, s he m us t al so fi gu re o ut l if e in h ig h sc ho ol . Em ily b eg in s to p ...

Qubits encoded in hyperfine states of trapped ions are ideal for quantum computation given their long lifetimes and low sensitivity to magnetic fields, yet they suffer from off-resonant scattering during detection, often limiting measurement fidelity. In ${}^{171}{\text{Yb}}^{+}$ this is exacerbated by a fluorescence yield, which leads need complex expensive hardware, problematic bottleneck esp...

Qubits encoded in hyperfine states of trapped ions are ideal for quantum computation given their long lifetimes and low sensitivity to magnetic fields, yet they suffer from off-resonant scattering during detection, often limiting measurement fidelity. In ${}^{171}{\text{Yb}}^{+}$ this is exacerbated by a fluorescence yield, which leads need complex expensive hardware, problematic bottleneck esp...