This paper examines the relationship between consumption-based and option-based risk-neutral moments, providing a technique to explore consumption-based pricing kernel specifications using data from the options markets. Estimators for average risk-neutral moments of each type are proposed and implemented. Option-based average risk-neutral moments are estimated for S&P500 returns using S&P500 fu...

The French national research project SENSO aims at providing a methodology combining several non destructive testing methods to evaluate indicators required for assessing the durability of concrete cover. A large set of 0.5m x 0.25m x 0.12m slabs has been built for various water/cement ratios, aggregate sizes and type. Those slabs have been subsequently studied under controlled water saturation...

Large panel system (LPS) buildings, during the 1950s–1990s, were most widespread among precast systems and are still a huge part of some national housing stocks. Disadvantages in characteristics, poor quality all construction stages, sudden disasters retrofit repair techniques can result demolishing LPS buildings thus creation amounts waste. There is urgent need evaluating possibility reusing e...

I show that Swan’s (1970) independence result requires a multiplicative interaction between durability and all other quality attributes. Because there is no compelling argument for a multiplicativity in quality, monopolists tend to distort durability, even with constant marginal costs. Distortions in durability and other quality aspects are aligned exactly when the marginal cost of quality do n...

concrete is the most common material used to line irrigation canals and must maintain its durability for the lifetime of the canal. compressive strength has been used as an index to control the quality of concrete; concrete that remains durable under freeze-thaw conditions is that with high compressive strength. research has shown that concrete linings can show suitable compressive strength in ...

a research program was conducted on different clay-bearing rocks selected from the ilam, sarpol-e zahab and tajarak regions (iran) to predict their slaking characteristics. the new durability apparatus (nested mesh drums) separates disintegrated particles varying from > 25.4 to < 2 mm as the drums were rotated. on the basis of the particle size distribution, the disintegration ratio (dr) was us...

Three types of geosynthetic are used in this study to stabilize recycled ballast in the laboratory model. The compressive strength of recycled aggregate concrete is relatively lower up to 15% than natural aggregate concrete. The durability parameters confirms suitability of RCA & RAC in making durable concrete structures of selected types. The weakest specimens tested obtained maximum compressi...

The replacement of natural aggregates by recycled aggregates in the concrete manufacturing has been spreading worldwide as a recycling method to counteract the large amount of construction and demolition waste. Although legislation in this field is still not well developed, many investigations demonstrate the possibilities of success of this trend given that concrete with satisfactory mechanica...

Microstructural and compositional analysis of historical mortars is an active research field, not only to guarantee the use compatible repair measures, but also guide design novel efficient materials. Despite crucial role Roman in building history, there a significant lack knowledge their pore system relation techniques durability. From these premises, this focuses on structural Realillo aquedu...