This book demonstrates that the state-contingent approach provides the best way to think about all problems in the economics of uncertainty, including problems of consumer choice, the theory of the firm, and principal agent relationships. The authors demonstrate that dual methods apply under uncertainty and that the dual representations can be developed for stochastic technologies. Moreover, proper exploitation of the properties of alternative primal and dual representations of preferences allows analysts to generalize and extend the results of the existing literature on preferences under uncertainty, thus making expected-utility theory largely superfluous for many decisions. These insights open the way for developments in the basic theory of production under uncertainty, the theory of hedging behavior, the analysis of agency problems and the theory of production insurance.
This comprehensive introduction to Chinese foreign relations examines the opportunities and limits China faces as it seeks growing international influence. Tracing the record of twists and turns in Ch
This comprehensive introduction to Chinese foreign relations examines the opportunities and limits China faces as it seeks growing international influence. Tracing the record of twists and turns in Ch
This book demonstrates that the state-contingent approach provides the best way to think about all problems in the economics of uncertainty, including problems of consumer choice, the theory of the firm, and principal agent relationships. The authors demonstrate that dual methods apply under uncertainty and that the dual representations can be developed for stochastic technologies. Moreover, proper exploitation of the properties of alternative primal and dual representations of preferences allows analysts to generalize and extend the results of the existing literature on preferences under uncertainty, thus making expected-utility theory largely superfluous for many decisions. These insights open the way for developments in the basic theory of production under uncertainty, the theory of hedging behavior, the analysis of agency problems and the theory of production insurance.
Now in a fully updated edition, this cogent book examines the international relations of the PRC since its founding in 1949. Sutter provides a balanced assessment of the country’s recent success
Now in a fully updated edition, this cogent book examines the international relations of the PRC since its founding in 1949. Sutter provides a balanced assessment of the country’s recent success
Electoral Systems and Political Context illustrates how political and social context conditions the effects of electoral rules. The book examines electoral behavior and outcomes in countries that use 'mixed-member' electoral systems – where voters cast one ballot for a party list under proportional representation (PR) and one for a candidate in a single member district (SMD). Based on comparisons of outcomes under the two different rules used in mixed-member systems, the book highlights how electoral systems' effects – especially strategic voting, the number of parties and women's representation – tend to be different in new democracies from what one usually sees in established democracies. Moreover, electoral systems such as SMDs are usually presumed to constrain the number of parties irrespective of the level of social diversity, but this book demonstrates that social diversity frequently shapes party fragmentation even under such restrictive rules.
Published less than fifty years ago, Ralph Ellison's Invisible Man shares with older classic works the odd quality of seeming to have been in place much longer. It is a novel that encompasses much of the American scene and character: though told by a single Afro-American voice and set in the contemporary South and then in modern New York City, its references are to the First World War, to Reconstruction, to the Civil War and slavery, to the founding of the American republic, to Columbus, and to the country's frontier past. In his introduction to this volume Robert O'Meally discusses Ellison's fictional strategies for reaching a wide audience while remaining true to his own artistic vision and voice. Then each of five critical essays explores a different aspect of this capacious novel. One looks at the novel's protagonist as an embattled artist-in-training: another focuses on the novel's political and philosophical backgrounds; a third discusses the style and meaning of the nameless
This book investigates how a North African solar thermal power plant can be set up under the guidance of European investors (e.g. the Desertec Concept) as a Public Private Partnership (PPP). It outlin
This definitive textbook provides a solid introduction to discrete and continuous stochastic processes, tackling a complex field in a way that instils a deep understanding of the relevant mathematical principles, and develops an intuitive grasp of the way these principles can be applied to modelling real-world systems. It includes a careful review of elementary probability and detailed coverage of Poisson, Gaussian and Markov processes with richly varied queuing applications. The theory and applications of inference, hypothesis testing, estimation, random walks, large deviations, martingales and investments are developed. Written by one of the world's leading information theorists, evolving over twenty years of graduate classroom teaching and enriched by over 300 exercises, this is an exceptional resource for anyone looking to develop their understanding of stochastic processes.
The vast majority of the world's climate scientists believe that the build-up of heat-trapping CO2 in the atmosphere will lead to global warming unless we burn less fossil fuels. At the same time, energy must be supplied in increasing amounts for the developing world to continue its growth. This book discusses the feasibility of increasingly efficient energy use and the potential for supplying energy from sources that do not introduce CO2. The book analyses the prospects for Earth-based renewables: solar, wind, biomass, hydroelectricity, geothermal and ocean energy. It then discusses nuclear fission and fusion, and the relatively new idea of harvesting solar energy on satellites or lunar bases. It will be essential reading for all those interested in energy issues, including engineers and physicists (electrical, mechanical, chemical, industrial, environmental, nuclear), and industrial leaders and politicians. It will also be used as a supplementary textbook on advanced courses on energ
This second edition covers the range of neuropsychiatric syndromes associated with stroke, including cognitive, emotional and behavioural disorders such as depression, anxiety and psychosis. There is growing recognition among a wide range of clinicians and allied healthcare staff that post-stroke neuropsychiatric syndromes are common and serious. Such complications can have a negative impact on recovery and even survival; however, there is now evidence suggesting that pre-emptive therapeutic intervention in high-risk patient groups can prevent the initial onset of the conditions. This opportunity for primary prevention marks a huge advance in the management of this patient population.
Recent discoveries of diamond and coesite in the upper crustal rocks of the Earth have drastically changed scientists' ideas concerning the limits of crustal metamorphism. This book provides detailed accounts of the discoveries of diamond and coesite in crustal rocks and provides insights regarding their formation at very high pressures. The formation of these minerals is related to subduction and continental collision and the tectonics, petrological and mineralogical conditions of diamond and coesite formation are each discussed. Written by the leading workers in this exciting field, this book attempts to define an entirely new field of metamorphism - ultrahigh pressure metamorphism (UHPM). In doing so, it explains the formation of ultrahigh pressure minerals and explores new ideas regarding the tectonic setting of this style of metamorphism. This book will be of particular interest to researchers and graduate students of metamorphic petrology and global tectonics.
This is an attempt to address the paradoxes of Soviet behaviour in the Horn of Africa. Dr Patman, editor of the journal Third World in Soviet Perspective, traces the impact of history, superpower relationships and competition on Soviet perceptions and motives. Dr Patman provides a careful historical background to the recent conflicts and shows how the Soviet Union and its East European partners dramatically switched from being close allies of Somalia to allies of Ethiopia and then intervened in the Ethiopian-Somali war of 1977–8 to ensure the military defeat of their former ally. However, he does not confine himself simply to retrospective analysis. He also assesses the Soviet experience in the region in the period since 1978, and considers in particular the impact of Gorbachev's thinking and the new diplomacy. The Soviet Union in the Horn of Africa provides the most detailed examination yet of Soviet policy.
At almost $2 trillion per day in trades, currency markets vitally link the world together. Yet few people understand how they work and why they are prone to instability and bouts of panic. This book t
At almost $2 trillion per day in trades, currency markets vitally link the world together. Yet few people understand how they work and why they are prone to instability and bouts of panic. This book t
Hahn (anesthesia and intensive care, Linkoping U. and Karolinska Institute, Sweden) brings together 21 chapters by anesthesiologists and others from the US, Europe, South Africa, and Israel specializi
This text aims to provide graduate students with a self-contained introduction to topics that are at the forefront of modern algebra, namely, coalgebras, bialgebras and Hopf algebras. The last chapter
