We study the effect of non-marketability on stock prices, and examine a unique repeated non-marketability constraint that lasts for less than one day in China. Chinese stock buyers face a one-day lockup and cannot sell their shares until the next trading day. Using the equity call warrants that are not subject to this trading constraint as a control, we provide evidence that non-marketability l...

Let’s try answering a simpler question first. Can you build the Web in one day? If you think of the Web in its whole dignity your answer is also negative. What if you think of it magnitudes smaller? You can build html pages in minutes. You can build a (simple) web shop in a few hours, including e.g. the application for web space. At the same time your kids are able to set up a WLAN, install a w...

There is a pressing need for a simple non-invasive test of exocrine pancreatic function for use in children. The pancreolauryl test has been modified by the addition of a second marker (mannitol) to achieve a single day test without the need for two timed urine collections. Six healthy subjects and nine patients with cystic fibrosis were studied. Fluorescein, fluorescein dilaurate, and mannitol...

This article is concerned with the simulation of one-day cricket matches. Given that only a finite number of outcomes can occur on each ball that is bowled, a discrete generator on a finite set is developed where the outcome probabilities are estimated from historical data involving one-day international cricket matches. The probabilities depend on the batsman, the bowler, the number of wickets...