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We investigate equilibrium debt dynamics for a firm that cannot commit to a future debt policy and is subject to a fixed restructuring cost. We formally characterize equilibria when the firm is not required to repurchase outstanding debt prior to issuing a ...
Central to global agreement on carbon emissions are strategic interactions amongst regions over abatement policy and the benefits to be shared. These are re-examined in this paper, in which benefits from mitigation stem from a meta-analysis that links carb ...
This work evaluates the potential to produce synthetic nitrogen fertilizers by using sugarcane bagasse gasification in the São Paulo state, Brazil, aiming to increase the economic revenues and to decarbonize a chemical sector traditionally based on natural ...
This work evaluates the potential to produce synthetic nitrogen fertilizers by using sugarcane bagasse gasification in the São Paulo state, Brazil, aiming to increase the economic revenues and to decarbonize a chemical sector traditionally based on natural ...
The role played by international migration and its interactions with other demographic components in the process of city growth remains underappreciated. We analyze trends in natural increase and in net internal and international migration in Zurich during ...
This work focuses on the economic performance and environmental assessment of two biorefinery schemes using 100 t/day of olive tree pruning waste as feedstock. The first scheme is based on a multiproduct biorefinery producing 6363.64 m3/yr of ethanol, 999. ...
Thanks to their absence of play, absence of contact friction and possible monolithic fabrication, flexure pivots offer advantages over traditional bearings in small-scale, high accuracy applications and environments where lubrication and wear debris are pr ...
Aquatic vegetation is ubiquitous in lowland rivers, and it is typically present in the shape of spatial self-organized patches of biomass. In this work, we mathematically define the threshold conditions for the incipient formation of self-organized vegetat ...
If an artificial intelligence aims to maximize risk-adjusted return, then under mild conditions it is disproportionately likely to pick an unethical strategy unless the objective function allows sufficiently for this risk. Even if the proportion eta of ava ...
The dielectric elastomer actuator (DEA) is a technology known to potentially provide high energy density (0.3 - 0.4 J.cm(-3)). However, in the literature, few demonstrations have been done to evaluate this figure. To well understand the ability of this tec ...
