The concrete material presents a different behaviour in compression and in tension. Its tension resistance is, approximately, ten times less than the compression one. So it is very common to see cracks in reinforced concrete structures in service conditions. The deformation field presents a discontinuity in each crack zone. This fact leads to the motivation of conceiving and developing a new se...

AbstractMaterial guarantees create material rights with superior characteristics. One is absolute, that is, the right holder can enforce against anyone. It as if nothing beat holder’s position of guarantee in event a conflict concurrent creditors and holding privileges. However, this absolute character be weakened by law. In certain circumstances, such to collect cost saving collateral object, ...

Under what conditions are political parties, ethnic, non-ethnic or multi-ethnic, able to incorporate elites from rising ethnic categories and retain their allegiance? General theories of party politics in multi-ethnic societies propose a sociological answer to this question, according to which success or failure in elite incorporation is determined by the pattern of conflict or harmony between ...

We document that in M&As a significant proportion of targets’ equity is owned by financial institutions that simultaneously own targets’ bonds (“dual holders”). Targets with larger equity ownership by dual holders have lower M&A equity premia and larger abnormal bond returns, particularly when dual holders stand to benefit more from appreciation of their bond stakes, e.g., when their bond owner...

In this paper, we present an approach to design MOEMS based on Reconfigurable Free Space Micro-Optical Benches (RFS-MOB). The proposed concept enables to design modular and reconfigurable MOEMS by using a generic structure of silicon holders and non defined position in the substrate. Various micro-optical elements, e.g. microlenses or micromirrors, can be integrated within holders. Their assemb...

Abstract Electoral rules can affect who wins and loses elections. Most cities select office holders through plurality rule, but an alternative, ranked-choice voting (RCV), has become increasingly popular. RCV requires voters to rank candidates, instead of simply selecting their most preferred candidate. Observers debate whether will cure a variety electoral ills or undermine representation. We ...

This article examines the major political challenges associated with the adoption of health reform proposals, through the experience of one country, the Dominican Republic. The article briefly presents the problems of the health sector in the Dominican Republic, and the health reform efforts that were initiated in 1995. The PolicyMaker method of applied political analysis is described, and the ...

In this paper, we analyze the effect of the conversion price of CoCo bonds on equity holders’ incentives. First, we use an option-pricing context to show that CoCo bonds can magnify equity holders’ incentives to increase the riskiness of assets and decrease incentives to raise new equity in a crisis in cases in which conversion transfers wealth from CoCo bond holders to equity holders. Second, ...