The centralized market for the settlement of credit default swaps (CDS), which governs more than $10 trillion’s worth of outstanding CDS contracts, has been criticized for mispricing the defaulted bonds that underlie the contracts. I take a mechanism design approach to the settlement of CDS contracts. I fully characterize robust settlement mechanisms that deliver unbiased prices for the underly...

1. Two common species of acorn barnacle, Chthamalus montagui and C. stellatus , with similar resource needs, occur together on rocky shores of NW Europe but differ in their adult distribution over two environmental gradients, wave exposure and vertical height on the shore. 2. A sampling programme was undertaken over 2 years to determine the causal mechanisms of this differential distribution. T...

Abstract By conducting collapsibility test, the changing rule of coefficient remolded loess is obtained. According to numerical simulation method equivalent humidity field with temperature field, converted into change, so calculation wetting settlement realized. The results show that decreases significantly increase compaction degree and initial water content. It increases first then overlying ...

The Blue Crab, Callinectes sapidus, is a commercially, culturally, and ecologically significant species in the Gulf of Mexico (GOM), whose offshore stages were likely impacted by the Deepwater Horizon oil spill (DWH). To test for DWH effects and to better understand the planktonic ecology of this species, we monitored Callinectes spp. megalopal settlement and condition at sites within and outsi...

This paper suggests a new set of analytical solutions for predicting leakage-induced seepage field and ground settlement in saturated clay. A unique feature of the solutions presented is considering the effect of the tunnel lining through the relative permeability between the tunnel and the soil. Through the superposition method, the proposed method can be easily extended to twin parallel tunne...

Recruitment via settlement of pelagic larvae is critical for the persistence of benthic marine populations. For many benthic invertebrates, larval settlement occurs in response to surface microbial films. Larvae of the serpulid polychaete Hydroides elegans can be induced to settle by single bacterial species. Until now, only Pseudoalteromonas luteoviolacea had been subjected to detailed genetic...

Proper estimation of foundation settlement is a crucial factor in designing shallow foundations. Recent literature shows the applicability of Artificial Neural Networks (ANNs) in predicting the settlement of shallow foundations. However, conventional ANNs have some drawbacks: getting trapped in local minima and a slow rate of learning. Utilization of an optimization algorithm such as Particle S...

Like most coral reef organisms, crown-of-thorns starfish (Acanthaster spp.) are expected to be highly vulnerable to predation as they transition from a planktonic larval phase to settling among reef habitats. Accordingly, crown-of-thorns starfish might be expected to exhibit behavioural adaptations which moderate exposure to predation at this critical stage in their life history. Using pairwise...

Marine biofouling poses a severe threat to maritime and aquaculture industries. To prevent the attachment of marine biofouling organisms on man-made structures, countless cost and effort was spent annually. In particular, most attention has been paid on the development of efficient and environmentally friendly fouling-resistant coatings, as well as larval settlement mechanism of several major b...

long-term settlement of msw landfills is a complex process, which is explained by the following two mechanisms: (1) the mechanical long-term compression of degradable organic solids (dos) and un-degradable organic solids (udos); and (2) the decomposition-based compression of the dos. based on these two distinct settlement mechanisms, in this study, the authors propose a new estimation model to ...