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Sample records for argonne premium coals

  1. Chemical analysis of Argonne premium coal samples. Bulletin

    Energy Technology Data Exchange (ETDEWEB)

    Palmer, C.A.

    1997-11-01

    Contents: The Chemical Analysis of Argonne Premium Coal Samples: An Introduction; Rehydration of Desiccated Argonne Premium Coal Samples; Determination of 62 Elements in 8 Argonne Premium Coal Ash Samples by Automated Semiquantitative Direct-Current Arc Atomic Emission Spectrography; Determination of 18 Elements in 5 Whole Argonne Premium Coal Samples by Quantitative Direct-Current Arc Atomic Emission Spectrography; Determination of Major and Trace Elements in Eight Argonne Premium Coal Samples (Ash and Whole Coal) by X-Ray Fluorescence Spectrometry; Determination of 29 Elements in 8 Argonne Premium Coal Samples by Instrumental Neutron Activation Analysis; Determination of Selected Elements in Coal Ash from Eight Argonne Premium Coal Samples by Atomic Absorption Spectrometry and Atomic Emission Spectrometry; Determination of 25 Elements in Coal Ash from 8 Argonne Premium Coal Samples by Inductively Coupled Argon Plasma-Atomic Emission Spectrometry; Determination of 33 Elements in Coal Ash from 8 Argonne Premium Coal Samples by Inductively Coupled Argon Plasma-Mass Spectrometry; Determination of Mercury and Selenium in Eight Argonne Premium Coal Samples by Cold-Vapor and Hydride-Generation Atomic Absorption Spectrometry; Determinaton of Carbon, Hydrogen, and Nitrogen in Eight Argonne Premium Coal Samples by Using a Gas Chromatographic Analyzer with a Thermal Conductivity Detector; and Compilation of Multitechnique Determinations of 51 Elements in 8 Argonne Premium Coal Samples.

  2. Pyrolysis of the Argonne premium coals under slow heating conditions

    Energy Technology Data Exchange (ETDEWEB)

    Serio, M.A.; Solomon, P.R.; Carangelo, R.M. (Advanced Fuel Research, Inc., 87 Church St., East Hartford, CT (US))

    1988-06-01

    The establishment of the Argonne Premium Sample Bank will allow more meaningful comparisons to be made between pyrolysis studies from different laboratories. This sample bank also provides a good suite of coals for examining rank dependent phenomena, such as the kinetics of primary gas evolution. A recent ''general'' model of coal pyrolysis proposed by our research group has as one of its assumptions that the kinetics of primary product evolution are rank-insensitive. This assumption was tested by a thorough examination of our data from experiments where only coal type was varied as well as data from similar experiments in the literature. The conclusion was that, with few exceptions, the kinetic rate constants for individual species evolved from coals pyrolyzed under the same conditions show little variation with rank. However, this conclusion remains controversial. The Argonne premium samples provide an opportunity to further test this assumption with a set of coals that was designed to cover a wide range of coal types. A slow, constant heating rate experiment was used, which is the most sensitive to rate variations. The authors' own work has indicated a role for heating rate on tar yields for bituminous coals and on tar molecular weight distributions for lignites. The authors plan to extend this work to the Argonne coals in order to better establish these trends. The current paper is concerned primarily with pyrolysis of the Argonne coals under slow heating conditions in a unique TG-FTIR instrument developed in the authors' laboratory. Results from slow heating rate pyrolysis into a FIMS apparatus are also presented. Experiments have also been done under rapid heating conditions.

  3. Pyrolysis of the Argonne premium coals under slow heating conditions

    Energy Technology Data Exchange (ETDEWEB)

    Serio, M.A.; Solomon, P.R.; Carangelo, R.M. (Advanced Fuel Research, Inc., East Hartford, CT (USA))

    1988-01-01

    A recent general model of coal pyrolysis proposed by the authors' research group has as one of its assumptions that the kinetics of primary product evolution are rank-insensitive. This assumption was tested by a thorough examination of data from experiments where only coal type was varied as well as data from similar experiments in the literature. The conclusion was that, with few exceptions, the kinetic rate constants show little variation with rank. However, this conclusion remains controversial. The Argonne premium samples provide an opportunity to further test this assumption with a set of coals that was designed to cover a wide range of coal types. A slow, constant heating rate experiment was used, which is the most sensitive to rate variations. A second controversial area is the importance of heating rate on the volatile product yield and distribution. Evidence has been presented which suggests no intrinsic effect of heating rate on pyrolysis yields and other studies have indicated the converse to be true. However, often these studies have been done under sufficiently different experimental conditions that direct comparisons are difficult. Work has indicated a role for heating rate on tar yields for bituminous coals and on tar molecular weight distributions for lignites. The authors plan to extend this work to the Argonne coals in order to better establish these trends. The current paper is concerned primarily with pyrolysis of the Argonne coals under slow heating conditions in a unique TG-FTIR instrument developed in this laboratory. Results from slow heating rate pyrolysis into a FIMS apparatus are also presented.

  4. Users Handbook for the Argonne Premium Coal Sample Program

    Energy Technology Data Exchange (ETDEWEB)

    Vorres, K.S.

    1993-10-01

    This Users Handbook for the Argonne Premium Coal Samples provides the recipients of those samples with information that will enhance the value of the samples, to permit greater opportunities to compare their work with that of others, and aid in correlations that can improve the value to all users. It is hoped that this document will foster a spirit of cooperation and collaboration such that the field of basic coal chemistry may be a more efficient and rewarding endeavor for all who participate. The different sections are intended to stand alone. For this reason some of the information may be found in several places. The handbook is also intended to be a dynamic document, constantly subject to change through additions and improvements. Please feel free to write to the editor with your comments and suggestions.

  5. Direct determination and quantification of sulfur forms in coals from the Argonne premium sample bank

    International Nuclear Information System (INIS)

    Sulfur K Edge X-ray Absorption Near Edge Structure Spectroscopy (XANES) and X-ray Photoelectron Spectroscopy (XPS) have been developed for the direct determination and quantification of the forms of organically bound sulfur in nonvolatile petroleum and coal samples. XANES and XPS spectra were taken of a number of model compounds, mixtures of model compounds, heavy petroleum and coal samples. A third derivative analysis of the XANES spectra and deconvolution of the XPS spectra allowed approximate quantification of the sulfidic and thiophenic components of the model mixtures and heavy hydrocarbon resources. Recently obtained data for characterizing organically bound sulfur forms in coals from the Argonne Premium Coal Sample Bank will be discussed

  6. Analysis of eight argonne premium coal samples by X-ray fluorescence spectrometry

    Science.gov (United States)

    Evans, J.R.; Sellers, G.A.; Johnson, R.G.; Vivit, D.V.; Kent, J.

    1990-01-01

    X-ray fluorescence spectrometric methods were used in the analysis of eight Argonne Premium Coal Samples. Trace elements (Cr, Ni, Cu, Zn, Rb, Sr, Y, Zr, Nb, Ba, La, and Ce) in coal ash were determined by energy-dispersive X-ray fluorescence spectrometry; major elements (Na, Mg, Al, Si, P, S, K, Ca, Ti, Mn, and Fe) in coal ash and trace elements (Cl and P) in whole coal were determined by wavelength-dispersive X-ray fluorescence spectrometry. The results of this study will be used in a geochemical database compiled for these materials from various analytical techniques. The experimental XRF methods and procedures used to determine these major and trace elements are described.

  7. Coal sulfur-premium models for SO2 allowance valuation

    International Nuclear Information System (INIS)

    Clean Air Capital Markets, an investment bank structuring SO2 Allowance transactions, has designed two allowance value models. The first forecasts an equilibrium allowance value based on coal supply and demand. The second estimates the sulfur premium of all reported coal deliveries to utilities. Both models demonstrate that the fundamental allowance value is approximately double current spot market prices for small volumes of off-system allowances

  8. CREAT A CONSORTIUM AND DEVELOP PREMIUM CARBON PRODUCTS FROM COAL

    Energy Technology Data Exchange (ETDEWEB)

    John M. Andresen

    2003-08-01

    The Consortium for Premium Carbon Products from Coal, with funding from the U.S. Department of Energy's National Energy Technology Laboratory and matching funds from industry and academic institutions continued to excel in developing innovative technologies to use coal and coal-derived feedstocks to produce premium carbon product. During Budget Period 5, eleven projects were supported and sub-contracted were awarded to seven organizations. The CPCPC held two meetings and one tutorial at various locations during the year. Budget Period 5 was a time of growth for CPCPC in terms of number of proposals and funding requested from members, projects funded and participation during meetings. Although the membership was stable during the first part of Budget Period 5 an increase in new members was registered during the last months of the performance period.

  9. Create a Consortium and Develop Premium Carbon Products from Coal

    Energy Technology Data Exchange (ETDEWEB)

    Frank Rusinko; John Andresen; Jennifer E. Hill; Harold H. Schobert; Bruce G. Miller

    2006-01-01

    The objective of these projects was to investigate alternative technologies for non-fuel uses of coal. Special emphasis was placed on developing premium carbon products from coal-derived feedstocks. A total of 14 projects, which are the 2003 Research Projects, are reported herein. These projects were categorized into three overall objectives. They are: (1) To explore new applications for the use of anthracite in order to improve its marketability; (2) To effectively minimize environmental damage caused by mercury emissions, CO{sub 2} emissions, and coal impounds; and (3) To continue to increase our understanding of coal properties and establish coal usage in non-fuel industries. Research was completed in laboratories throughout the United States. Most research was performed on a bench-scale level with the intent of scaling up if preliminary tests proved successful. These projects resulted in many potential applications for coal-derived feedstocks. These include: (1) Use of anthracite as a sorbent to capture CO{sub 2} emissions; (2) Use of anthracite-based carbon as a catalyst; (3) Use of processed anthracite in carbon electrodes and carbon black; (4) Use of raw coal refuse for producing activated carbon; (5) Reusable PACs to recycle captured mercury; (6) Use of combustion and gasification chars to capture mercury from coal-fired power plants; (7) Development of a synthetic coal tar enamel; (8) Use of alternative binder pitches in aluminum anodes; (9) Use of Solvent Extracted Carbon Ore (SECO) to fuel a carbon fuel cell; (10) Production of a low cost coal-derived turbostratic carbon powder for structural applications; (11) Production of high-value carbon fibers and foams via the co-processing of a low-cost coal extract pitch with well-dispersed carbon nanotubes; (12) Use of carbon from fly ash as metallurgical carbon; (13) Production of bulk carbon fiber for concrete reinforcement; and (14) Characterizing coal solvent extraction processes. Although some of the

  10. Efficient direct coal liquefaction of a premium brown coal catalyzed by cobalt-promoted fumed oxides

    Energy Technology Data Exchange (ETDEWEB)

    Trautmann, M.; Loewe, A.; Traa, Y. [Stuttgart Univ. (Germany). Inst. of Chemical Technology

    2013-11-01

    The search for alternatives in the fuel sector is an important technological challenge. An interim solution could be provided by direct coal liquefaction. Hydrogen economy and the lack of an efficient catalyst are the main obstacles for this process. We used a premium German brown coal with a high H/C molar ratio of 1.25 and nanostructured cobalt catalysts to improve the efficiency of direct coal liquefaction. We were able to recover and recycle the catalyst efficiently and reached good brown coal conversions and oil yields with single-stage coal liquefaction. The oil quality observed almost reached that of a conventional crude oil considering higher heating value (HHV), H/C molar ratio and aliphatic content. (orig.)

  11. Engineering development of advanced physical fine coal cleaning for premium fuel applications

    Energy Technology Data Exchange (ETDEWEB)

    Smit, F.J.; Jha, M.C.; Phillips, D.I.; Yoon, R.H.

    1997-04-25

    The goal of this project is engineering development of two advanced physical fine coal cleaning processes, column flotation and selective agglomeration, for premium fuel applications. Its scope includes laboratory research and bench-scale testing on six coals to optimize these processes, followed by design and construction of a 2 t/h process development unit (PDU). Large lots of clean coal are to be produced in the PDU from three project coals. Investigation of the near-term applicability of the two advanced fine coal cleaning processes in an existing coal preparation plant is another goal of the project and is the subject of this report.

  12. Agglomeration of coal fines for premium fuel application

    International Nuclear Information System (INIS)

    This paper reports on fine coal in liquid suspension, which can be agglomerated in a number of ways. One of the oldest procedures involves the addition of electrolyte to the suspension to cause a reduction in the zeta potential and allow colliding particles to agglomerate. A second method involves the use of polymeric flocculants to bridge between particles. Both of these technologies are being used in the wastewater treatment plants for removal of fine waste particles from contaminated water. A third method involves the addition of a second immiscible liquid preferentially to wet the particles and cause adhesion by capillary interfacial forces. While the bonding forces in the first two methods are small and result in rather weak and voluminous agglomerates, the third method is postulated to produce more dense and much stronger agglomerates. In the case of fine coals, the carbonaceous constituents can be agglomerated and recovered from the aqueous suspension with many different coagulants. Inorganic or ash-forming constituents are also agglomerated along with the fine coal particles. As the froth floatation, agglomeration using coal and colloidal dust to effect a separation. Froth floatation, however, becomes less effective where extremely fine particles of cal must be treated or if there is considerable clay-size particle present. In contrast, there appears to be virtually no lower limit on the particle size suitable for agglomeration uses

  13. Engineering development of advanced physical fine coal cleaning for premium fuel applications

    International Nuclear Information System (INIS)

    Bechtel, together with Amax Research and Development Center (Amax R ampersand D), has prepared this study which provides conceptual cost estimates for the production of premium quality coal-water slurry fuel (CWF) in a commercial plant. Two scenarios are presented, one using column flotation technology and the other the selective agglomeration to clean the coal to the required quality specifications. This study forms part of US Department of Energy program Engineering Development of Advanced Physical Fine Coal Cleaning for Premium Fuel Applications, (Contract No. DE-AC22- 92PC92208), under Task 11, Project Final Report. The primary objective of the Department of Energy program is to develop the design base for prototype commercial advanced fine coal cleaning facilities capable of producing ultra-clean coals suitable for conversion to stable and highly loaded CWF. The fuels should contain less than 2 lb ash/MBtu (860 grams ash/GJ) of HHV and preferably less than 1 lb ash/MBtu (430 grams ash/GJ). The advanced fine coal cleaning technologies to be employed are advanced column froth flotation and selective agglomeration. It is further stipulated that operating conditions during the advanced cleaning process should recover not less than 80 percent of the carbon content (heating value) in the run-of-mine source coal. These goals for ultra-clean coal quality are to be met under the constraint that annualized coal production costs does not exceed $2.5 /MBtu ($ 2.37/GJ), including the mine mouth cost of the raw coal. A further objective of the program is to determine the distribution of a selected suite of eleven toxic trace elements between product CWF and the refuse stream of the cleaning processes. Laboratory, bench-scale and Process Development Unit (PDU) tests to evaluate advanced column flotation and selective agglomeration were completed earlier under this program with selected coal samples. A PDU with a capacity of 2 st/h was designed by Bechtel and installed at

  14. Engineering development of advance physical fine coal cleaning for premium fuel applications

    Energy Technology Data Exchange (ETDEWEB)

    Jha, M.C.; Smit, F.J.; Shields, G.L. [AMAX R& D Center/ENTECH Global Inc., Golden, CO (United States)

    1995-11-01

    The objective of this project is to develop the engineering design base for prototype fine coal cleaning plants based on Advanced Column Flotation and Selective Agglomeration processes for premium fuel and near-term applications. Removal of toxic trace elements is also being investigated. The scope of the project includes laboratory research and bench-scale testing of each process on six coals followed by design, construction, and operation of a 2 tons/hour process development unit (PDU). Three coals will be cleaned in tonnage quantity and provided to DOE and its contractors for combustion evaluation. Amax R&D (now a subsidiary of Cyprus Amax Mineral Company) is the prime contractor. Entech Global is managing the project and performing most of the research and development work as an on-site subcontractor. Other participants in the project are Cyprus Amax Coal Company, Arcanum, Bechtel, TIC, University of Kentucky and Virginia Tech. Drs. Keller of Syracuse and Dooher of Adelphi University are consultants.

  15. Engineering development of advanced physical fine coal cleaning for premium fuel applications. Task 6 -- Selective agglomeration laboratory research and engineering development for premium fuels

    Energy Technology Data Exchange (ETDEWEB)

    Moro, N.; Jha, M.C.

    1997-06-27

    The primary goal of this project is the engineering development of two advanced physical fine coal cleaning processes, column flotation and selective agglomeration, for premium fuel applications. The project scope included laboratory research and benchscale testing on six coals to optimize these processes, followed by the design, construction, and operation of a 2 t/hr process development unit (PDU). The project began in October, 1992, and is scheduled for completion by September 1997. This report represents the findings of Subtask 6.5 Selective Agglomeration Bench-Scale Testing and Process Scale-up. During this work, six project coals, namely Winifrede, Elkhorn No. 3, Sunnyside, Taggart, Indiana VII, and Hiawatha were processed in a 25 lb/hr continuous selective agglomeration bench-scale test unit.

  16. The production of a premium solid fuel from Powder River Basin coal

    Energy Technology Data Exchange (ETDEWEB)

    Merriam, N.; Sethi, V.; Thomas, K.; Grimes, R.W.

    1992-09-01

    This report describes our initial evaluation of a process designed to produce premium-quality solid fuel from Powder River Basin (PRB) coal. The process is based upon our experience gained by producing highly-reactive, high-heating-value char as part of a mild-gasification project. In the process, char containing 20 to 25 wt % volatiles and having a gross heating value of 12,500 to 13,000 Btu/lb is produced. The char is then contacted by coal-derived liquid. The result is a deposit of 6 to 8 wt % pitch on the char particles. The lower boiling component of the coal-derived liquid which is not deposited on the char is burned as fuel. Our economic evaluation shows the process will be economically attractive if the product can be sold for about $20/ton or more. Our preliminary tests show that we can deposit pitch on to the char, and the product is less dusty, less susceptible to readsorption of moisture, and has reduced susceptibility to self heating.

  17. The production of a premium solid fuel from Powder River Basin coal. [COMPCOAL Process

    Energy Technology Data Exchange (ETDEWEB)

    Merriam, N.; Sethi, V.; Thomas, K.; Grimes, R.W.

    1992-01-01

    This report describes our initial evaluation of a process designed to produce premium-quality solid fuel from Powder River Basin (PRB) coal. The process is based upon our experience gained by producing highly-reactive, high-heating-value char as part of a mild-gasification project. In the process, char containing 20 to 25 wt % volatiles and having a gross heating value of 12,500 to 13,000 Btu/lb is produced. The char is then contacted by coal-derived liquid. The result is a deposit of 6 to 8 wt % pitch on the char particles. The lower boiling component of the coal-derived liquid which is not deposited on the char is burned as fuel. Our economic evaluation shows the process will be economically attractive if the product can be sold for about $20/ton or more. Our preliminary tests show that we can deposit pitch on to the char, and the product is less dusty, less susceptible to readsorption of moisture, and has reduced susceptibility to self heating.

  18. The production of a premium solid fuel from Powder River Basin coal

    International Nuclear Information System (INIS)

    This paper describes our initial evaluation of a process designed to produce premium-quality solid fuel from Powder River Basin (PRB) coal. The process is based upon our experience gained by producing highly-reactive, high-heating-value char as part of a mild-gasification project. In the process char containing 20 to 25 wt % volatiles and having a gross heating value of 12,500 to 13,000 Btu/lb is produced. The char is then contacted by coal-derived liquid. The result is a deposit of 6 to 8 wt % pitch on the char particles. The lower boiling component of the coal-derived liquid which is not deposited on the char is burned as fuel. The authors' economic alveolation shows the process will be economically attractive if the product can be sold for about $20/ton or more. The authors' preliminary tests show that we can deposit pitch on to the char, and the product is less dusty, less susceptible to reabsorption of moisture, and has reduced susceptibility to self heating

  19. An Industrial-Based Consortium to Develop Premium Carbon Products from Coal Final Report - Part 3

    Energy Technology Data Exchange (ETDEWEB)

    Miller, Bruce; Shea, Winton

    2010-12-31

    Since 1998, The Pennsylvania State University successfully managed the Consortium for Premium Carbon Products from Coal (CPCPC), which was a vehicle for industry-driven research on the promotion, development, and transfer of innovative technologies on premium carbon products from coal to the U.S. industry. The CPCPC was an initiative led by Penn State, its cocharter member West Virginia University (WVU), and the U.S. Department of Energy's (DOE) National Energy Technology Laboratory (NETL), who also provided the base funding for the program, with Penn State responsible for consortium management. CPCPC began in 1998 under DOE Cooperative Agreement No. DE-FC26-98FT40350. This agreement ended November 2004 but the CPCPC activity continued under cooperative agreement No. DE-FC26-03NT41874, which started October 1, 2003 and ended December 31, 2010. The objective of the second agreement was to continue the successful operation of the CPCPC. The CPCPC enjoyed tremendous success with its organizational structure, which included Penn State and WVU as charter members, numerous industrial affiliate members, and strategic university affiliate members together with NETL, forming a vibrant and creative team for innovative research in the area of transforming coal to carbon products. The key aspect of CPCPC was its industry-led council that selected proposals submitted by CPCPC members to ensure CPCPC target areas had strong industrial support. CPCPC had 58 member companies and universities engaged over the 7-year period of this contract. Members were from 17 states and five countries outside of the U.S. During this period, the CPCPC Executive Council selected 46 projects for funding. DOE/CPCPC provided $3.9 million in funding or an average of $564,000 per year. The total project costs were $5.45 million with $1.5 million, or ~28% of the total, provided by the members as cost share. Total average project size was $118,000 with $85,900 provided by DOE/CPCPC. In addition to

  20. An Industrial-Based Consortium to Develop Premium Carbon Products from Coal Final Report - Part 5

    Energy Technology Data Exchange (ETDEWEB)

    Miller, Bruce; Shea, Winton

    2010-12-31

    Since 1998, The Pennsylvania State University successfully managed the Consortium for Premium Carbon Products from Coal (CPCPC), which was a vehicle for industry-driven research on the promotion, development, and transfer of innovative technologies on premium carbon products from coal to the U.S. industry. The CPCPC was an initiative led by Penn State, its cocharter member West Virginia University (WVU), and the U.S. Department of Energy's (DOE) National Energy Technology Laboratory (NETL), who also provided the base funding for the program, with Penn State responsible for consortium management. CPCPC began in 1998 under DOE Cooperative Agreement No. DE-FC26-98FT40350. This agreement ended November 2004 but the CPCPC activity continued under cooperative agreement No. DE-FC26-03NT41874, which started October 1, 2003 and ended December 31, 2010. The objective of the second agreement was to continue the successful operation of the CPCPC. The CPCPC enjoyed tremendous success with its organizational structure, which included Penn State and WVU as charter members, numerous industrial affiliate members, and strategic university affiliate members together with NETL, forming a vibrant and creative team for innovative research in the area of transforming coal to carbon products. The key aspect of CPCPC was its industry-led council that selected proposals submitted by CPCPC members to ensure CPCPC target areas had strong industrial support. CPCPC had 58 member companies and universities engaged over the 7-year period of this contract. Members were from 17 states and five countries outside of the U.S. During this period, the CPCPC Executive Council selected 46 projects for funding. DOE/CPCPC provided $3.9 million in funding or an average of $564,000 per year. The total project costs were $5.45 million with $1.5 million, or {approx}28% of the total, provided by the members as cost share. Total average project size was $118,000 with $85,900 provided by DOE/CPCPC. In

  1. An Industrial-Based Consortium to Develop Premium Carbon Products from Coal Final Report - Part 1

    Energy Technology Data Exchange (ETDEWEB)

    Miller, Bruce; Winton, Shea

    2010-12-31

    Since 1998, The Pennsylvania State University successfully managed the Consortium for Premium Carbon Products from Coal (CPCPC), which was a vehicle for industry-driven research on the promotion, development, and transfer of innovative technologies on premium carbon products from coal to the U.S. industry. The CPCPC was an initiative led by Penn State, its cocharter member West Virginia University (WVU), and the U.S. Department of Energy's (DOE) National Energy Technology Laboratory (NETL), who also provided the base funding for the program, with Penn State responsible for consortium management. CPCPC began in 1998 under DOE Cooperative Agreement No. DE-FC26-98FT40350. This agreement ended November 2004 but the CPCPC activity continued under cooperative agreement No. DE-FC26-03NT41874, which started October 1, 2003 and ended December 31, 2010. The objective of the second agreement was to continue the successful operation of the CPCPC. The CPCPC enjoyed tremendous success with its organizational structure, which included Penn State and WVU as charter members, numerous industrial affiliate members, and strategic university affiliate members together with NETL, forming a vibrant and creative team for innovative research in the area of transforming coal to carbon products. The key aspect of CPCPC was its industry-led council that selected proposals submitted by CPCPC members to ensure CPCPC target areas had strong industrial support. CPCPC had 58 member companies and universities engaged over the 7-year period of this contract. Members were from 17 states and five countries outside of the U.S. During this period, the CPCPC Executive Council selected 46 projects for funding. DOE/CPCPC provided $3.9 million in funding or an average of $564,000 per year. The total project costs were $5.45 million with $1.5 million, or ~28% of the total, provided by the members as cost share. Total average project size was $118,000 with $85,900 provided by DOE/CPCPC. In addition to

  2. An Industrial-Based Consortium to Develop Premium Carbon Products from Coal Final Report - Part 4

    Energy Technology Data Exchange (ETDEWEB)

    Miller, Bruce; Shea, Winton

    2010-12-31

    Since 1998, The Pennsylvania State University successfully managed the Consortium for Premium Carbon Products from Coal (CPCPC), which was a vehicle for industry-driven research on the promotion, development, and transfer of innovative technologies on premium carbon products from coal to the U.S. industry. The CPCPC was an initiative led by Penn State, its cocharter member West Virginia University (WVU), and the U.S. Department of Energy's (DOE) National Energy Technology Laboratory (NETL), who also provided the base funding for the program, with Penn State responsible for consortium management. CPCPC began in 1998 under DOE Cooperative Agreement No. DE-FC26-98FT40350. This agreement ended November 2004 but the CPCPC activity continued under cooperative agreement No. DE-FC26-03NT41874, which started October 1, 2003 and ended December 31, 2010. The objective of the second agreement was to continue the successful operation of the CPCPC. The CPCPC enjoyed tremendous success with its organizational structure, which included Penn State and WVU as charter members, numerous industrial affiliate members, and strategic university affiliate members together with NETL, forming a vibrant and creative team for innovative research in the area of transforming coal to carbon products. The key aspect of CPCPC was its industry-led council that selected proposals submitted by CPCPC members to ensure CPCPC target areas had strong industrial support. CPCPC had 58 member companies and universities engaged over the 7-year period of this contract. Members were from 17 states and five countries outside of the U.S. During this period, the CPCPC Executive Council selected 46 projects for funding. DOE/CPCPC provided $3.9 million in funding or an average of $564,000 per year. The total project costs were $5.45 million with $1.5 million, or {approx}28% of the total, provided by the members as cost share. Total average project size was $118,000 with $85,900 provided by DOE/CPCPC. In

  3. An Industrial-Based Consortium to Develop Premium Carbon Products from Coal Final Report - Part 2

    Energy Technology Data Exchange (ETDEWEB)

    Miller, Bruce; Winton, Shea

    2010-12-31

    Since 1998, The Pennsylvania State University successfully managed the Consortium for Premium Carbon Products from Coal (CPCPC), which was a vehicle for industry-driven research on the promotion, development, and transfer of innovative technologies on premium carbon products from coal to the U.S. industry. The CPCPC was an initiative led by Penn State, its cocharter member West Virginia University (WVU), and the U.S. Department of Energy's (DOE) National Energy Technology Laboratory (NETL), who also provided the base funding for the program, with Penn State responsible for consortium management. CPCPC began in 1998 under DOE Cooperative Agreement No. DE-FC26-98FT40350. This agreement ended November 2004 but the CPCPC activity continued under cooperative agreement No. DE-FC26-03NT41874, which started October 1, 2003 and ended December 31, 2010. The objective of the second agreement was to continue the successful operation of the CPCPC. The CPCPC enjoyed tremendous success with its organizational structure, which included Penn State and WVU as charter members, numerous industrial affiliate members, and strategic university affiliate members together with NETL, forming a vibrant and creative team for innovative research in the area of transforming coal to carbon products. The key aspect of CPCPC was its industry-led council that selected proposals submitted by CPCPC members to ensure CPCPC target areas had strong industrial support. CPCPC had 58 member companies and universities engaged over the 7-year period of this contract. Members were from 17 states and five countries outside of the U.S. During this period, the CPCPC Executive Council selected 46 projects for funding. DOE/CPCPC provided $3.9 million in funding or an average of $564,000 per year. The total project costs were $5.45 million with $1.5 million, or ~28% of the total, provided by the members as cost share. Total average project size was $118,000 with $85,900 provided by DOE/CPCPC. In addition to

  4. Engineering development of advanced physical fine coal cleaning for premium fuel applications. Quarterly technical progress report No. 4

    Energy Technology Data Exchange (ETDEWEB)

    Smit, F.J.; Hogsett, R.F.; Jha, M.C.

    1993-11-04

    This project is a major step in the Department of Energy`s program to show that ultra-clean coal-water slurry fuel (CWF) can be produced from selected coals and that this premium fuel will be a cost-effective replacement for oil and natural gas now fueling some of the industrial and utility boilers in the United States. The replacement of oil and gas with CWF can only be realized if retrofit costs are kept to a minimum and retrofit boiler emissions meet national goals for clean air. These concerns establish the specifications for maximum ash and sulfur levels and combustion properties of the CWF. This cost-share contract is a 48-month program which started on September 30, 1992. This report discusses the technical progress made during the 4th quarter of the project from July 1 to September 30, 1993.

  5. Engineering development of advanced physical fine coal cleaning for premium fuel applications. Quarterly technical progress report 15, April--June 1996

    Energy Technology Data Exchange (ETDEWEB)

    Moro, N.; Shields, G.L.; Smit, F.J.; Jha, M.C.

    1996-07-25

    Goal is engineering development of two advanced physical fine coal cleaning processes, column flotation and selective agglomeration, for premium fuel applications. Scope includes laboratory research and bench-scale testing on 6 coals to optimize these processes, followed by design/construction/operation of a 2-t/hr PDU. During this quarter, parametric testing of the 30-in. Microcel{trademark} flotation column at the Lady Dunn plant was completed and clean coal samples submitted for briquetting. A study of a novel hydrophobic dewatering process continued at Virginia Tech. Benefits of slurry PSD (particle size distribution) modification and pH adjustment were evaluated for the Taggart and Hiawatha coals; they were found to be small. Agglomeration bench-scale test results were positive, meeting product ash specifications. PDU Flotation Module operations continued; work was performed with Taggart coal to determine scaleup similitude between the 12-in. and 6-ft Microcel{trademark} columns. Construction of the PDU selective agglomeration module continued.

  6. Formation and retention of methane in coal

    Energy Technology Data Exchange (ETDEWEB)

    Hucka, V.J.; Bodily, D.M.; Huang, H.

    1992-05-15

    The formation and retention of methane in coalbeds was studied for ten Utah coal samples, one Colorado coal sample and eight coal samples from the Argonne Premium Coal Sample Bank.Methane gas content of the Utah and Colorado coals varied from zero to 9 cm{sup 3}/g. The Utah coals were all high volatile bituminous coals. The Colorado coal was a gassy medium volatile bituminous coal. The Argonne coals cover a range or rank from lignite to low volatile bituminous coal and were used to determine the effect of rank in laboratory studies. The methane content of six selected Utah coal seams and the Colorado coal seam was measured in situ using a special sample collection device and a bubble desorbometer. Coal samples were collected at each measurement site for laboratory analysis. The cleat and joint system was evaluated for the coal and surrounding rocks and geological conditions were noted. Permeability measurements were performed on selected samples and all samples were analyzed for proximate and ultimate analysis, petrographic analysis, {sup 13}C NMR dipolar-dephasing spectroscopy, and density analysis. The observed methane adsorption behavior was correlated with the chemical structure and physical properties of the coals.

  7. Engineering Development of Advanced Physical Fine Coal Cleaning for Premium Fuel Applications: Task 9 - Selective agglomeration Module Testing and Evaluation.

    Energy Technology Data Exchange (ETDEWEB)

    Moro, N.` Jha, M.C.

    1997-09-29

    The primary goal of this project was the engineering development of two advanced physical fine coal cleaning processes, column flotation and selective agglomeration, for premium fuel applications. The project scope included laboratory research and bench-scale testing of both processes on six coals to optimize the processes, followed by the design, construction, and operation of a 2 t/hr process development unit (PDU). The project began in October, 1992, and is scheduled for completion by September 1997. This report summarizes the findings of all the selective agglomeration (SA) test work performed with emphasis on the results of the PDU SA Module testing. Two light hydrocarbons, heptane and pentane, were tested as agglomerants in the laboratory research program which investigated two reactor design concepts: a conventional two-stage agglomeration circuit and a unitized reactor that combined the high- and low-shear operations in one vessel. The results were used to design and build a 25 lb/hr bench-scale unit with two-stage agglomeration. The unit also included a steam stripping and condensation circuit for recovery and recycle of heptane. It was tested on six coals to determine the optimum grind and other process conditions that resulted in the recovery of about 99% of the energy while producing low ash (1-2 lb/MBtu) products. The fineness of the grind was the most important variable with the D80 (80% passing size) varying in the 12 to 68 micron range. All the clean coals could be formulated into coal-water-slurry-fuels with acceptable properties. The bench-scale results were used for the conceptual and detailed design of the PDU SA Module which was integrated with the existing grinding and dewatering circuits. The PDU was operated for about 9 months. During the first three months, the shakedown testing was performed to fine tune the operation and control of various equipment. This was followed by parametric testing, optimization/confirmatory testing, and finally a

  8. Formation and retention of methane in coal. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Hucka, V.J.; Bodily, D.M.; Huang, H.

    1992-05-15

    The formation and retention of methane in coalbeds was studied for ten Utah coal samples, one Colorado coal sample and eight coal samples from the Argonne Premium Coal Sample Bank.Methane gas content of the Utah and Colorado coals varied from zero to 9 cm{sup 3}/g. The Utah coals were all high volatile bituminous coals. The Colorado coal was a gassy medium volatile bituminous coal. The Argonne coals cover a range or rank from lignite to low volatile bituminous coal and were used to determine the effect of rank in laboratory studies. The methane content of six selected Utah coal seams and the Colorado coal seam was measured in situ using a special sample collection device and a bubble desorbometer. Coal samples were collected at each measurement site for laboratory analysis. The cleat and joint system was evaluated for the coal and surrounding rocks and geological conditions were noted. Permeability measurements were performed on selected samples and all samples were analyzed for proximate and ultimate analysis, petrographic analysis, {sup 13}C NMR dipolar-dephasing spectroscopy, and density analysis. The observed methane adsorption behavior was correlated with the chemical structure and physical properties of the coals.

  9. Molecular characterization of flash pyrolysates of two Carboniferous coals and their constituting maceral fractions

    OpenAIRE

    J. S. Sinninghe Damsté; Hartgers, W.A.; Ling, Y.; Leeuw, J. W.; Dyrckacz, G.

    1994-01-01

    Two high-volatile bituminous Upper Carboniferous coals from the Argonne Premium Coal Set and their constituting liptinite, vitrinite, and inertinite fractions, obtained by density gradient centrifugation (DGC), were characterized by Curie point pyrolysis-gas chromatography-mass spectrometry. A detailed analysis of the pyrolysis products was performed to relate individual macerals to their (plant-derived) precursors. Liptinite fractions were found to be mainly composed of sporinite, the diagen...

  10. Engineering development of advanced physical fine coal cleaning for premium fuel applications. Quarterly technical progress report 11, April--June, 1995

    Energy Technology Data Exchange (ETDEWEB)

    Moro, N.; Shields, G.L.; Smit, F.J.; Jha, M.C.

    1995-07-31

    The primary goal of this project is the engineering development of two advanced physical fine coal cleaning processes, column flotation and selective agglomeration, for premium fuel applications. The project scope includes laboratory research and bench-scale testing on six coals to optimize these processes, followed by design, and construction of a 2-t/hr process development unit (PDU). The PDU will then be operated to generate 200 tons of each of three project coals, by each process. During Quarter 11 (April--June, 1995), work continued on the Subtask 3.2 in-plant testing of the Microcel{trademark} flotation column at the Lady Dunn Preparation Plant with the installation and calibration of a refurbished 30-inch diameter column. The evaluation of toxic trace element data for column flotation samples continued, with preliminary analysis indicating that reasonably good mass balances were achieved for most elements, and that significant reductions in the concentration of many elements were observed from raw coal, to flotation feed, to flotation product samples. Significant progress was made on Subtask 6.5 selective agglomeration bench-scale testing. Data from this work indicates that project ash specifications can be met for all coals evaluated, and that the bulk of the bridging liquid (heptane) can be removed from the product for recycle to the process. The detailed design of the 2 t/hr selective agglomeration module progressed this quarter with the completion of several revisions of both the process flow, and the process piping and instrument diagrams. Procurement of coal for PDU operation began with the purchase of 800 tons of Taggart coal. Construction of the 2 t/hr PDU continued through this reporting quarter and is currently approximately 60% complete.

  11. Engineering development of advanced physical fine coal cleaning for premium fuel applications. Quarterly technical progress report 9, October 1, 1994--December 31, 1994

    Energy Technology Data Exchange (ETDEWEB)

    Moro, N.; Shields, G.L.; Smit, F.J.; Jha, M.C. [AMAX Research and Development Center, Golden, CO (United States)

    1995-01-25

    The primary goal of this project is the engineering development of two advanced physical fine coal cleaning processes, column flotation and selective agglomeration, for premium fuel applications. The project scope includes laboratory research and bench-scale testing on six coals to optimize these processes, followed by design, and construction of a 2-t/hr process development unit (PDU). The PDU will then be operated to generate 200 ton lots of each of three project coals, by each process. The project began in October, 1992 and is scheduled for completion by March, 1997. During Quarter 9 (October--December, 1995), parametric and optimization testing was completed for the Taggart, Sunnyside, and Indiana VII coal using a 12-inch Microcel{trademark} flotation column. The detailed design of the 2-t/hr PDU grinding, flotation, and dewatering circuits neared completion with the specification of the major pieces of capital equipment to be purchased for these areas. Selective agglomeration test work investigated the properties of various industrial grades of heptane for use during bench- and PDU-scale testing. It was decided to use a hydrotreated grade of commercial heptane due to its low cost and low concentration of aromatic compounds. The final Subtask 6.4 CWF Formulation Studies Test Plan was issued. A draft version of the Subtask 6.5 Preliminary Design and Test Plan Report was also issued, discussing the progress made in the design of the bench-scale selective agglomeration unit. PDU construction work moved forward through the issuing of 26 request for quotations and 21 award packages for capital equipment.

  12. An Industrial-Based Consortium to Develop Premium Carbon Products from Coal, Annual Progress Report, October 1, 2005 through September 30, 2006

    Energy Technology Data Exchange (ETDEWEB)

    Miller, Bruce G

    2006-09-29

    Since 1998, The Pennsylvania State University has been successfully managing the Consortium for Premium Carbon Products from Coal (CPCPC), which is a vehicle for industry-driven research on the promotion, development, and transfer of innovative technology on premium carbon produces from coal to the U.S. industry. The CPCPC is an initiative being led by Penn State, its co-charter member West Virginia University (WVU), and the U.S. Department of Energy's (DOE) National Energy Technology Laboratory (NETL), who also provides the base funding for the program, with Penn State responsible for consortium management. CPCPC began in 1998 under DOE Cooperative Agreement No. DE-FC26-98FT40350. This agreement ended November 2004 but the CPCPC activity has continued under the present cooperative agreement, No. DE-FC26-03NT41874, which started October 1, 2003. The objective of the second agreement is to continue the successful operation of the CPCPC. The CPCPC has enjoyed tremendous success with its organizational structure, that includes Penn State and WVU as charter members, numerous industrial affiliate members, and strategic university affiliate members together with NETL, forming a vibrant and creative team for innovative research in the area of transforming coal to carbon products. The key aspect of CPCPC is its industry-led council that selects proposals submitted by CPCPC members to ensure CPCPC target areas have strong industrial support. Base funding for the selected projects is provided by NETL with matching funds from industry. At the annual funding meeting held in October 2003, ten projects were selected for funding. Subcontracts were let from Penn State to the subcontractors on March 1, 2004. Nine of the ten 2004 projects were completed during the previous annual reporting period and their final reports were submitted with the previous annual report (i.e., 10/01/04-09/30/05). The final report for the remaining project, which was submitted during this reporting

  13. An Industrial-Based Consortium to Develop Premium Carbon Products from Coal, Annual Progress Report, October 1, 2004 through September 30, 2005

    Energy Technology Data Exchange (ETDEWEB)

    Miller, Bruce G

    2006-03-01

    Since 1998, The Pennsylvania State University (PSU) has been successfully operating the Consortium for Premium Carbon Products from Coal (CPCPC), which is a vehicle for industry-driven research on the promotion, development, and transfer of innovative technology on premium carbon produces from coal to the U.S. industry. The CPCPC is an initiative being led by PSU, its co-charter member West Virginia University (WVU), and the U.S. Department of Energy's (DOE) National Energy Technology Laboratory (NETL), who also provides the base funding for the program, with PSU responsible for consortium management. CPCPC began in 1998 under DOE Cooperative Agreement No. DE-FC26-98FT40350. This agreement ended November 2004 but the CPCPC activity has continued under the present cooperative agreement, No. DE-FC26-03NT41874, which started October 1, 2003. The objective of the second agreement is to continue the successful operation of the CPCPC. The CPCPC has enjoyed tremendous success with its organizational structure, that includes PSU and WVU as charter members, numerous industrial affiliate members, and strategic university affiliate members together with NETL, forming a vibrant and creative team for innovative research in the area of transforming coal to carbon products. The key aspect of CPCPC is its industry-led council that selects proposals submitted by CPCPC members to ensure CPCPC target areas have strong industrial support. A second contract was executed with DOE NETL starting in October 2003 to continue the activities of CPCPC. An annual funding meeting was held in October 2003 and the council selected ten projects for funding. Base funding for the projects is provided by NETL with matching funds from industry. Subcontracts were let from Penn State to the subcontractors on March 1, 2004. Nine of the ten projects have been completed and the final reports for these 2004 projects are attached. An annual funding meeting was held in November 2004 and the council

  14. Multiple-heteroatom-containing sulfur compounds in a high sulfur coal

    International Nuclear Information System (INIS)

    Flash vacuum pyrolysis of a high sulfur coal has been combined with high resolution mass spectrometry yielding information on aromatic sulfur compounds containing an additional heteroatom. Sulfur emission from coal utilization is a critical problem and in order to devise efficient methods for removing organic sulfur, it is important to know what types of molecules contain sulfur. A high sulfur Illinois No. 6 bituminous coal (Argonne Premium Coal Sample No. 3) was pyrolyzed on a platinum grid using a quartz probe inserted into a modified all glass heated inlet system and the products characterized by high resolution mass spectrometry (HRMS). A significant number of products were observed which contained both sulfur and an additional heteroatom. In some cases two additional heteroatoms were observed. These results are compared to those found in coal extracts and liquefaction products

  15. Decreasing Relative Risk Premium

    DEFF Research Database (Denmark)

    Hansen, Frank

    We consider the risk premium demanded by a decision maker with wealth x in order to be indifferent between obtaining a new level of wealth y1 with certainty, or to participate in a lottery which either results in unchanged present wealth or a level of wealth y2 > y1. We define the relative risk...... premium as the quotient between the risk premium and the increase in wealth y1–x which the decision maker puts on the line by choosing the lottery in place of receiving y1 with certainty. We study preferences such that the relative risk premium is a decreasing function of present wealth, and we determine....... Decreasing relative risk premium in the small implies decreasing relative risk premium in the large, and decreasing relative risk premium everywhere implies risk aversion. We finally show that preferences with decreasing relative risk premium may be equivalently expressed in terms of certain preferences on...

  16. Estimating Equity Risk Premiums

    OpenAIRE

    Aswath Damodaran

    1999-01-01

    Equity risk premiums are a central component of every risk and return model in finance. Given their importance, it is surprising how haphazard the estimation of equity risk premiums remains in practice. The standard approach to estimating equity risk premiums remains the use of historical returns, with the difference in annual returns on stocks and bonds over a long time period comprising the expected risk premium, looking forward. We note the limitations of this approach, even in markets lik...

  17. CO2 Sequestration in Unmineable Coal Seams: Potential Environmental Impacts

    Energy Technology Data Exchange (ETDEWEB)

    Hedges, S.W.; Soong, Yee; McCarthy Jones, J.R.; Harrison, D.K.; Irdi, G.A.; Frommell, E.A.; Dilmore, R.M.; Pique, P.J.; Brown, T.D

    2005-09-01

    An initial investigation into the potential environmental impacts of CO2 sequestration in unmineable coal seams has been conducted, focusing on changes in the produced water during enhanced coalbed methane (ECBM) production using a CO2 injection process (CO2-ECBM). Two coals have been used in this study, the medium volatile bituminous Upper Freeport coal (APCS 1) of the Argonne Premium Coal Samples series, and an as-mined Pittsburgh #8 coal, which is a high volatile bituminous coal. Coal samples were reacted with either synthetic produced water or field collected produced water and gaseous carbon dioxide at 40 οC and 50 bar to evaluate the potential for mobilizing toxic metals during CO2-ECBM/sequestration. Microscopic and x-ray diffraction analysis of the post-reaction coal samples clearly show evidence of chemical reaction, and chemical analysis of the produced water shows substantial changes in composition. These results suggest that changes to the produced water chemistry and the potential for mobilizing toxic trace elements from coalbeds are important factors to be considered when evaluating deep, unmineable coal seams for CO2 sequestration.

  18. Coal plasticity at high heating rates and temperatures. Final technical progress report

    Energy Technology Data Exchange (ETDEWEB)

    Gerjarusak, S.; Peters, W.A.; Howard, J.B.

    1995-05-01

    Plastic coals are important feedstocks in coke manufacture, coal liquefaction, gasification, and combustion. During these processes, the thermoplastic behavior of these coals is also important since it may contribute to desirable or undesirable characteristics. For example, during liquefaction, the plastic behavior is desired since it leads to liquid-liquid reactions which are faster than solid-liquid reactions. During gasification, the elastic behavior is undesired since it leads to caking and agglomeration of coal particles which result in bed bogging in fixed or fluidized bed gasifiers. The plastic behavior of different coals was studied using a fast-response plastometer. A modified plastometer was used to measure the torque required to turn at constant angular speed a cone-shaped disk embedded in a thin layer of coal. The coal particles were packed between two metal plates which are heated electrically. Heating rates, final temperatures, pressures, and durations of experiment ranged from 200--800 K/s, 700--1300 K, vacuum-50 atm helium, and 0--40 s, respectively. The apparent viscosity of the molten coal was calculated from the measured torque using the governing equation of the cone-and-plate viscometer. Using a concentrated suspension model, the molten coal`s apparent viscosity was related to the quantity of the liquid metaplast present during pyrolysis. Seven coals from Argonne National Laboratory Premium Coal Sample Bank were studied. Five bituminous coals, from high-volatile to low-volatile bituminous, were found to have very good plastic behavior. Coal type strongly affects the magnitude and duration of plasticity. Hvb coals were most plastic. Mvb and lvb coals, though the maximum plasticity and plastic period were less. Low rank coals such as subbituminous and lignite did not exhibit any plasticity in the present studies. Coal plasticity is moderately well correlated with simple indices of coal type such as the elemental C,O, and H contents.

  19. Decreasing relative risk premium

    DEFF Research Database (Denmark)

    Hansen, Frank

    2007-01-01

    such that the corresponding relative risk premium is a decreasing function of present wealth, and we determine the set of associated utility functions. We find a new characterization of risk vulnerability and determine a large set of utility functions, closed under summation and composition, which are...... both risk vulnerable and have decreasing relative risk premium. We finally introduce the notion of partial risk neutral preferences on binary lotteries and show that partial risk neutrality is equivalent to preferences with decreasing relative risk premium...

  20. Australian Coal Company Risk Factors: Coal and Oil Prices

    OpenAIRE

    M. Zahid Hasan; Ratti, Ronald A.

    2014-01-01

    Examination of panel data on listed coal companies on the Australian exchange over January 1999 to February 2010 suggests that market return, interest rate premium, foreign exchange rate risk, and coal price returns are statistically significant in determining the excess return on coal companies’ stock. Coal price return and oil price return increases have statistically significant positive effects on coal company stock returns. A one per cent rise in coal price raises coal company returns ...

  1. Coal

    International Nuclear Information System (INIS)

    Coal world production represents 3.5 billions of tons, plus 900 millions of tons of lignite. 50% of coal is used for power generation, 16% by steel making industry, 5% by cement plants, and 29% for space heating and by other industries like carbo-chemistry. Coal reserves are enormous, about 1000 billions of tons (i.e. 250 years of consumption with the present day rate) but their exploitation will be in competition with less costly and less polluting energy sources. This documents treats of all aspects of coal: origin, composition, calorific value, classification, resources, reserves, production, international trade, sectoral consumption, cost, retail price, safety aspects of coal mining, environmental impacts (solid and gaseous effluents), different technologies of coal-fired power plants and their relative efficiency, alternative solutions for the recovery of coal energy (fuel cells, liquefaction). (J.S.)

  2. Spin-mapping of coal structures with ESE and ENDOR

    Energy Technology Data Exchange (ETDEWEB)

    Belford, R.L.; Clarkson, R.B.

    1990-09-01

    A nondestructive method to determine the atomic and molecular structures present in the organic (maceral) components of whole coal and coal products has been sought for many years. This program of research is designed to address that analytical need by applying advanced electron magnetic resonance techniques to the determination of coal molecular structure. Structural information has be obtained by using the naturally occurring unpaired electrons in coal as observation posts'' from which to survey neighboring atoms through the electron-nuclear hyperfine interaction. Such an overall approach has been termed ELECTRON SPIN MAPPING of coal structure. New techniques like 2-dimensional ENDOR and ESE spectroscopies and multifrequency EPR, including the world's first S-band ESE spectrometer and one of the first W-band instruments, which we have developed in our laboratory, were employed in the determination. The materials studied were well separated macerals obtained by density gradient centrifugation techniques from Illinois {number sign}6 coals, a well as whole Illinois {number sign}6, {number sign}5, and Argonne Premium Sample Coals. model compounds, chosen to represent molecular structures typical of those believed to exist in coal also were studied by the various electron magnetic resonance (EMR) methods. Utilizing the various EMR methods available in our laboratory, we studied approaches to determine parameters that direcly reflect the atomic and molecular structure of coal. The naturally occurring unpaired electrons in coal were utilized as probes of their local environment, which they reflect through hyperfine interactions with neighboring 1 > 0 nuclei (eg, {sup 1}H, {sup 13}C).

  3. Results of a European interlaboratory comparison on CO2 sorption on activated carbon and coals

    Science.gov (United States)

    Gensterblum, Yves; Busch, Andreas; Krooss, Bernhard; de Weireld, Guy; Billemont, Pierre; van Hemert, Patrick; Wolf, Karl-Heinz

    2013-04-01

    .A.M., Gensterblum, Y., Krooss, B.M., Levy, J., Ozdemir, E., Pan, Z., Robinson, Jr., R.L., Schroeder, K., Sudibandriyo, M., White, C. (2004). An Inter-laboratory Comparison of CO2 Isotherms Measured on Argonne Premium Coal Samples. Energy and Fuels 18, 1175-1182. Goodman, A.L., Busch, A., Day, S., Duffy, G.J., Fitzgerald, J.E., Gasem, K.A.M., Gensterblum, Y., Hartman, C., Krooss, B.M., Pan, Z., Pratt, T., Robinson, Jr., R.L., Romanov, V., Sakurovs, R., Schroeder, K., Sudibandriyo, M., White, C.M. (2007) "Inter-laboratory Comparison II: CO2 Isotherms Measured on Moisture-Equilibrated Argonne Premium Coals at 55oC and 15 MPa", International Journal of Coal Geology 72, 153-164.

  4. Problems with the quantitative spectroscopic analysis of oxygen rich Czech coals

    Energy Technology Data Exchange (ETDEWEB)

    Pavlikova, H.; Machovic, V.; Cerny, J. [Inst. of Chemical Technology, Prague (Czechoslovakia); Sebestova, E. [Inst. of Rock Structure and Mechanics, Prague (Czechoslovakia)

    1995-12-01

    Solid state NMR and FTIR spectroscopies are two main methods used for the structural analysis of coals and their various products. Obtaining quantitative parameters from coals, such as arornaticity (f{sub a}) by the above mentioned methods can be a rather difficult task. Coal samples of various rank were chosen for the quantitative NMR, FTIR and EPR analyses. The aromaticity was obtained by the FTIR, {sup 13}C CP/MAS and SP/MAS NMR experiments. The content of radicals and saturation characteristics of coals were measured by EPR spectroscopy. The following problems have been discussed: 1. The relationship between the amount of free radicals (N{sub g}) and f{sub a} by NMR. 2. The f{sub a} obtained by solid state NMR and FTIR spectroscopies. 3. The differences between the f{sub a} measured by CP and SP/NMR experiments. 4. The relationship between the content of oxygen groups and the saturation responses of coals. The reliability of our results was checked by measuring the structural parameters of Argonne premium coals.

  5. Risk premium and insalubrity

    International Nuclear Information System (INIS)

    The risk premium and insalubrity have been widely discussed in the legal universe/labor. The social and economic impacts interfere on the right of the professional exposed to ionizing radiation to have or not additional rights. Due to the large accidents, with world repercussion, which occurred in recent times, involving workers undergoing these radiation, these professionals are receiving special attention by the competent bodies on the right or not to risk premium and insalubrity. The professional who operates equipment that emit ionising radiation, or those working directly with radioisotopes are undoubtedly under imminent risk, even if they complied with all safety requirements, thus deserving a more careful analysis by our lawyers with respect to receive additional percentages. Recent decisions of higher Courts begin to consolidate a more just and logical reasoning on the subject

  6. Curb Your Premium

    DEFF Research Database (Denmark)

    Amaral-Garcia, Sofia; Grembi, Veronica

    2014-01-01

    institutional setting. In particular, we implement a difference-in-differences strategy using Italian data at the provider level from 2001 to 2008 to evaluate the impact of monitoring claims on medical liability expenditures, measured as insurance premiums and legal expenditures, which was adopted by only some...... by differential pre-policy trends between treated and control providers. Moreover, this policy could be cheaply implemented also in other institutional contexts with positive effects....

  7. PREMIUMS CALCULATION FOR LIFE INSURANCE

    Directory of Open Access Journals (Sweden)

    ANA PREDA

    2012-10-01

    Full Text Available The paper presents the techniques and the formulas used on international practice for establishing the premiums for a life policy. The formulas are generally based on a series of indicators named mortality indicators which mainly point out the insured survival probability, the death probability and life expectancy at certain age. I determined, using a case study, the unique net premium, the annual net premium for a survival insurance, whole life insurance and mixed life insurance.

  8. Ambiguity Aversion and Variance Premium

    OpenAIRE

    Jianjun Miao; Bin Wei; Hao Zhou

    2012-01-01

    This paper offers an ambiguity-based interpretation of variance premium - the differ- ence between risk-neutral and objective expectations of market return variance - as a com- pounding effect of both belief distortion and variance differential regarding the uncertain economic regimes. Our approach endogenously generates variance premium without impos- ing exogenous stochastic volatility or jumps in consumption process. Such a framework can reasonably match the mean variance premium as well a...

  9. The Equity Premium in India

    OpenAIRE

    Rajnish Mehra

    2006-01-01

    In this article we examine the Equity Premium in the Indian context and review the related literature. The equity premium is the returned earned by a well-diversified stock portfolio in excess of that earned by a risk free security such as a Treasury Bill. Consistent with U.S. experience we find that the Indian equity premium has been quite high in the post 1991 period, averaging 9.7% above the corresponding risk free security. It is difficult to justify such a premium based on theoretical co...

  10. Spin-mapping of coal structures with ESE and ENDOR. Eighth quarterly (second annual) report

    Energy Technology Data Exchange (ETDEWEB)

    Belford, R.L.; Clarkson, R.B.

    1990-09-01

    A nondestructive method to determine the atomic and molecular structures present in the organic (maceral) components of whole coal and coal products has been sought for many years. This program of research is designed to address that analytical need by applying advanced electron magnetic resonance techniques to the determination of coal molecular structure. Structural information has be obtained by using the naturally occurring unpaired electrons in coal as ``observation posts`` from which to survey neighboring atoms through the electron-nuclear hyperfine interaction. Such an overall approach has been termed ELECTRON SPIN MAPPING of coal structure. New techniques like 2-dimensional ENDOR and ESE spectroscopies and multifrequency EPR, including the world`s first S-band ESE spectrometer and one of the first W-band instruments, which we have developed in our laboratory, were employed in the determination. The materials studied were well separated macerals obtained by density gradient centrifugation techniques from Illinois {number_sign}6 coals, a well as whole Illinois {number_sign}6, {number_sign}5, and Argonne Premium Sample Coals. model compounds, chosen to represent molecular structures typical of those believed to exist in coal also were studied by the various electron magnetic resonance (EMR) methods. Utilizing the various EMR methods available in our laboratory, we studied approaches to determine parameters that direcly reflect the atomic and molecular structure of coal. The naturally occurring unpaired electrons in coal were utilized as probes of their local environment, which they reflect through hyperfine interactions with neighboring 1 > 0 nuclei (eg, {sup 1}H, {sup 13}C).

  11. Market risk premium: Required, historical and expected

    OpenAIRE

    Fernandez, Pablo

    2004-01-01

    The market risk premium is one of the most important but elusive parameters in finance. It is also called equity premium, market premium and risk premium. The term 'market risk premium' is difficult to understand because it is used to designate three different concepts: 1) Required market risk premium, which is the incremental return of a diversified portfolio (the market) over the risk-free rate (return of treasury bonds) required by an investor. It is needed for calculating the required ret...

  12. 14 CFR 198.13 - Premium insurance-payment of premiums.

    Science.gov (United States)

    2010-01-01

    ... (CONTINUED) WAR RISK INSURANCE AVIATION INSURANCE § 198.13 Premium insurance—payment of premiums. The insured must pay the premium for insurance issued under this part within the stated period after receipt of... 14 Aeronautics and Space 3 2010-01-01 2010-01-01 false Premium insurance-payment of premiums....

  13. 29 CFR 4006.3 - Premium rate.

    Science.gov (United States)

    2010-07-01

    ... paragraph (b) of this section. (a) Flat-rate premium. The flat-rate premium is equal to the number of... square of the number of participants in the plan on the last day of the plan year preceding the premium... premium payment year if the aggregate number of employees of all employers in the plan's controlled...

  14. 24 CFR 241.805 - Insurance premiums.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Insurance premiums. 241.805 Section... DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES... Without a HUD-Insured or HUD-Held Mortgage Premiums § 241.805 Insurance premiums. (a) First premium....

  15. 34 CFR 682.505 - Insurance premium.

    Science.gov (United States)

    2010-07-01

    ... 34 Education 3 2010-07-01 2010-07-01 false Insurance premium. 682.505 Section 682.505 Education... § 682.505 Insurance premium. (a) General. The Secretary charges the lender an insurance premium for each Federal GSL Program loan that is guaranteed, except that no insurance premium is charged on a...

  16. Surveys of research in the Chemistry Division, Argonne National Laboratory

    Energy Technology Data Exchange (ETDEWEB)

    Grazis, B.M. [ed.

    1992-11-01

    Research reports are presented on reactive intermediates in condensed phase (radiation chemistry, photochemistry), electron transfer and energy conversion, photosynthesis and solar energy conversion, metal cluster chemistry, chemical dynamics in gas phase, photoionization-photoelectrons, characterization and reactivity of coal and coal macerals, premium coal sample program, chemical separations, heavy elements coordination chemistry, heavy elements photophysics/photochemistry, f-electron interactions, radiation chemistry of high-level wastes (gas generation in waste tanks), ultrafast molecular electronic devices, and nuclear medicine. Separate abstracts have been prepared. Accelerator activites and computer system/network services are also reported.

  17. Surveys of research in the Chemistry Division, Argonne National Laboratory

    Energy Technology Data Exchange (ETDEWEB)

    Grazis, B.M. (ed.)

    1992-01-01

    Research reports are presented on reactive intermediates in condensed phase (radiation chemistry, photochemistry), electron transfer and energy conversion, photosynthesis and solar energy conversion, metal cluster chemistry, chemical dynamics in gas phase, photoionization-photoelectrons, characterization and reactivity of coal and coal macerals, premium coal sample program, chemical separations, heavy elements coordination chemistry, heavy elements photophysics/photochemistry, f-electron interactions, radiation chemistry of high-level wastes (gas generation in waste tanks), ultrafast molecular electronic devices, and nuclear medicine. Separate abstracts have been prepared. Accelerator activites and computer system/network services are also reported.

  18. 78 FR 44056 - Premium Rates; Payment of Premiums; Reducing Regulatory Burden

    Science.gov (United States)

    2013-07-23

    ...). See PBGC final rule at 50 FR 12533 (Mar. 29, 1985). The PPA 2006 amendments to the premium regulations... premiums. \\2\\ See 76 FR 57082, http://www.pbgc.gov/Documents/2011-23692.pdf . \\3\\ See 77 FR 6675, http... premiums.\\4\\ The flat-rate premium is based on the number of plan participants, determined as of...

  19. 46 CFR 308.514 - Return premium.

    Science.gov (United States)

    2010-10-01

    ... 46 Shipping 8 2010-10-01 2010-10-01 false Return premium. 308.514 Section 308.514 Shipping MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION EMERGENCY OPERATIONS WAR RISK INSURANCE War Risk Cargo Insurance Ii-Open Policy War Risk Cargo Insurance § 308.514 Return premium. No premium will...

  20. Equity Risk Premium and Insecure Property Rights

    OpenAIRE

    Magin, Konstantin

    2009-01-01

    How much of the equity risk premium puzzle can be attributed to the insecure property rights of shareholders? This paper develops a version of the CCAPM with insecure property rights. The model implies that the current expected equity premium can be reconciled with a coefficient of risk aversion of 3.76, thus resolving the equity premium puzzle.

  1. The marriage of gas turbines and coal

    International Nuclear Information System (INIS)

    This paper reports on developing gas turbine systems that can use coal or a coal-based fuel ensures that the United States will have cost-effective environmentally sound options for supplying future power generation needs. Power generation systems that marry coal or a coal-based fuel to a gas turbine? Some matchmakers would consider this an unlikely marriage. Historically, most gas turbines have been operated only on premium fuels, primarily natural gas or distillate oil. The perceived problems from using coal or coal-based fuels in turbines are: Erosion and deposition: Coal ash particles in the hot combustion gases passing through the expander turbine could erode or deposit on the turbine blades. Corrosion: Coal combustion will release alkali compounds form the coal ash. Alkali in the hot gases passing through the expander turbine can cause corrosion of high-temperature metallic surfaces. Emissions: coal contains higher levels of ash, fuel-bound sulfur and nitrogen compounds, and trace contaminants than premium fuels. Meeting stringent environmental regulations for particulates, sulfur dioxide (SO2), nitrogen oxides (NOx), and trace contaminants will be difficult. Economics: Coal-based systems are expensive to build. The difference in price between coal and premium fuels must be large enough to justify the higher capital cost

  2. Easy Access to Premium Luxury

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    Lexus Launches Summer Financing Program with Interest Rates as Low as 2.011percent Lexus China has launched its latest financing program with interest rates as low as 2.011 percent for three of its luxury small displacement models:RX270,IS250 and ES240.The program is an additional premium offer presented by Lexus to Chinese consumers

  3. Full blast on 'premium' fuels

    International Nuclear Information System (INIS)

    BP, Total and Shell companies are multiplying the commercial offers around their best quality ('premium') automotive fuels. The stake is to become competitive with commercial centers using technical products with a strong added value (better efficiency and lower environmental impact). Short paper. (J.S.)

  4. The Credibility Premiums for Exponential Principle

    Institute of Scientific and Technical Information of China (English)

    Li Min WEN; Wei WANG; Jing Long WANG

    2011-01-01

    In the classical credibility theory,the credibility premium is derived on the basis of pure premium.However,the insurance practice demands that the premium must be charged under some adaptable premium principle and serves the purpose for insurance business.In this paper,the balanced credibility models have been built under exponential principle,and the credibility estimator of individual exponential premium is derived.This result is also extended to the versions of multitude contracts,and the estimation of the structure parameters is investigated.Finally,the simulations have been introduced to show the consistency of the credibility estimator and its differences from the classical one.

  5. Variance Risk Premiums in Foreign Exchange Markets

    OpenAIRE

    Ammann, Manuel; Buesser, Ralf

    2013-01-01

    Based on the theory of static replication of variance swaps we assess the sign and magnitude of variance risk premiums in foreign exchange markets. We find significantly negative risk premiums when realized variance is computed from intraday data with low frequency. As a likely consequence of microstructure effects however, the evidence is ambiguous when realized variance is based on high-frequency data. Common to all estimates, variance risk premiums are highly time-varying and inversely rel...

  6. Storage and the Electricity Forward Premium

    OpenAIRE

    Julia Popova; Stratford Douglas

    2006-01-01

    We develop and test a model describing the influence of natural gas storage on the electricity forward premium. The model is constructed by linking the effect of gas storage on the higher moments of the distribution of electricity prices to an established model of the effect of those moments on the forward premium. The model predicts a (weakly) positive effect of gas storage on the electricity forward premium when loads are light, but a sharply negative effect when demand for electricity is h...

  7. Operationalising luxury in the premium automotive industry

    OpenAIRE

    Bridle, Bernadette

    2010-01-01

    This thesis presents an Action Research project investigating the use of customers’ perceptions of premium and luxury cars within the premium automotive industry. The research was sponsored by Jaguar Land Rover (JLR), a UK-based automotive manufacturer. An inductive, phenomenological approach was adopted in which JLR’s Premiumness Research Programme (PRP) was used as a case study to build an understanding of the consumer’s perception of luxury, to discover how to communic...

  8. Does Specialization Explain Marriage Penalties and Premiums?

    OpenAIRE

    Killewald, Alexandra; Gough, Margaret

    2013-01-01

    Married men’s wage premium is often attributed to within-household specialization: men can devote more effort to wage-earning when their wives assume responsibility for household labor. We provide a comprehensive evaluation of the specialization hypothesis, arguing that, if specialization causes the male marriage premium, married women should experience wage losses. Furthermore, specialization by married parents should augment the motherhood penalty and the fatherhood premium for married as c...

  9. The Envy Premium in Product Evaluation

    OpenAIRE

    Niels Van de Ven; Marcel Zeelenberg; Rik Pieters

    2011-01-01

    Consumers are willing to pay a premium for products that elicit their envy. The more people compared themselves to a superior other, the higher the envy premium was. Yet, the emotion envy and not the upward comparison drove the final effects. The envy premium only emerged for a desirable product that the superior other owned (iPhone) when people experienced benign envy. Benign envy is elicited when the other's superior position is deserved, and malicious envy when it is undeserved. When peopl...

  10. Why Do Firms Pay an Overtime Premium?

    OpenAIRE

    Robert A Hart; Ma, Yue

    2000-01-01

    We develop a rationale for the payment by firms of a wage premium on marginal, or overtime, weekly hours. We examine wage-hours contracts within the framework of a two-period specific human capital model with asymmetric information. The wage premium serves to achieve contract efficiency. For those weekly hours for which a premium is paid, worker compensation exceeds the value of marginal product. There is an optimal automatic compensatory differential rule between straight-time wages and the ...

  11. 76 FR 79714 - Premium Changes Based On Recharacterization of Contributions

    Science.gov (United States)

    2011-12-22

    ... received a number of amended premium filings, showing increased assets and decreased VRP, supported by... CORPORATION Premium Changes Based On Recharacterization of Contributions AGENCY: Pension Benefit Guaranty... responding to amended premium filings based on recharacterization of contributions. Recharacterization...

  12. The Executive Turnover Risk Premium

    OpenAIRE

    Peters, Florian S; Wagner, Alexander F

    2012-01-01

    Executive compensation has increased dramatically over the past 15 years, but so has forced CEO turnover. We argue that part of the development of CEO pay can be explained by the adverse consequences that forced turnover implies for a CEO. We ¯nd that for the CEOs of the largest US corporations, a one percentage point increase in exogenous turnover risk is associated with $40,000 to $90,000 more in terms of total compensation. The size of this risk premium is in line with estimates of the imp...

  13. Premium Calculation Based on Physical Principles

    OpenAIRE

    Darooneh, Amir H.

    2004-01-01

    We consider the concept of equilibrium in economic systems from statistical mechanics viewpoint. A new method is suggested for computing the premium on this basis. The B\\"{u}hlmann economic premium principle is derived as a special case of our method.

  14. A note on weighted premium calculation principles

    NARCIS (Netherlands)

    M. Kaluszka; R.J.A. Laeven; A. Okolewski

    2012-01-01

    A prominent problem in actuarial science is to determine premium calculation principles that satisfy certain criteria. Goovaerts et al. [Goovaerts, M. J., De Vylder, F., Haezendonck, J., 1984. Insurance Premiums: Theory and Applications. North-Holland, Amsterdam, p. 84] establish an optimality-type

  15. 42 CFR 423.286 - Rules regarding premiums.

    Science.gov (United States)

    2010-10-01

    ... Part D plan for a month is equal to the product of the— (1) Beneficiary premium percentage as specified... beneficiary premium for a Part D plan in a PDP region is the same for all Part D eligible individuals enrolled in the plan. The monthly beneficiary premium for a Part D plan is the base beneficiary premium,...

  16. 45 CFR 152.21 - Premiums and cost-sharing.

    Science.gov (United States)

    2010-10-01

    ... enrollee premiums. (1) The premiums charged under the PCIP may not exceed 100 percent of the premium for the applicable standard risk rate that would apply to the coverage offered in the State or States. The PCIP shall determine a standard risk rate by considering the premium rates charged for similar...

  17. 44 CFR 61.8 - Applicability of risk premium rates.

    Science.gov (United States)

    2010-10-01

    ... 44 Emergency Management and Assistance 1 2010-10-01 2010-10-01 false Applicability of risk premium... COVERAGE AND RATES § 61.8 Applicability of risk premium rates. Risk premium rates are applicable to all... which the chargeable rates prescribed by this part would exceed the risk premium rates....

  18. 75 FR 9247 - Single Family Mortgage Insurance Premium, Single Family

    Science.gov (United States)

    2010-03-01

    ... URBAN DEVELOPMENT Single Family Mortgage Insurance Premium, Single Family AGENCY: Office of the Chief... the Single Family Premium Collection Subsystem-Upfront (SFPCS-U) to remit the upfront premium to... manage and process upfront single family mortgage insurance premium collections and corrections to...

  19. Price Premiums for Organic Food from Australia and China

    OpenAIRE

    Paull, John

    2008-01-01

    Australian consumers (N=221) were surveyed to establish their valuations of food, based on provenance, organic status and eco-labelling. For Chinese produce "Organic" attracted a 6.4% premium, and "Certified Organic" a 11.6% premium. This compares to Australian produce which attracted a 7.9% premium for "Organic", and a 16.5% premium for "Certified Organic". For Chinese produce "Natural" added a 1.7% premium and "Eco" a 2.9% premium, compared to Australian produce which added a 2.6% premium f...

  20. Characterization and supply of coal based fuels

    Energy Technology Data Exchange (ETDEWEB)

    1992-06-01

    Studies and data applicable for fuel markets and coal resource assessments were reviewed and evaluated to provide both guidelines and specifications for premium quality coal-based fuels. The fuels supplied under this contract were provided for testing of advanced combustors being developed under Pittsburgh Energy Technology Center (PETC) sponsorship for use in the residential, commercial and light industrial (RCLI) market sectors. The requirements of the combustor development contractors were surveyed and periodically updated to satisfy the evolving needs based on design and test experience. Available coals were screened and candidate coals were selected for further detailed characterization and preparation for delivery. A team of participants was assembled to provide fuels in both coal-water fuel (CWF) and dry ultrafine coal (DUC) forms. Information about major US coal fields was correlated with market needs analysis. Coal fields with major reserves of low sulfur coal that could be potentially amenable to premium coal-based fuels specifications were identified. The fuels requirements were focused in terms of market, equipment and resource constraints. With this basis, the coals selected for developmental testing satisfy the most stringent fuel requirements and utilize available current deep-cleaning capabilities.

  1. Update of China economy and coal market

    International Nuclear Information System (INIS)

    This presentation discussed the surge in China's coal imports. The depressed demand for coal worldwide made huge tonnages available for the Chinese to buy at the same time that there was a willingness to sell coal more cheaply to compete with the Chinese domestic supply price and a coal shortage in China resulting from mine closures and consolidations. The Chinese Government is seeking to slow economic growth to control inflation and prevent an overheated economy. The government emphasis is on energy saving and emission reduction, production cuts at high energy consuming plants, the closure of outdated steel mills, and a restriction on power production. Steel production is expected to fall in the second half of the year as a result of surpluses. China's coal imports will increase in 2010; however, the consolidation process is now completed, and the new capacity will begin to be released in the second half of the year, ending the domestic coal shortage. The increase in the domestic market is constraining price increases. Premium hard coking coal (HCC) remains tight, but normal grade coals are in surplus and facing pressure to reduce prices. China's domestic coal prices form the bottom for the world coal market. Chinese import demand will continue, but demand is expected to gradually decline and be lower in 2011 as the domestic supply becomes sufficient. Nevertheless, China will always have a tremendous demand for coal and needs to import premium HCC. China adopted a quarterly price for the first time this year. 5 tabs., 4 figs.

  2. Properties of Foreign Exchange Risk Premiums

    DEFF Research Database (Denmark)

    Sarno, Lucio; Schneider, Paul; Wagner, Christian

    2012-01-01

    interest rates and exchange rates. Estimating affine (multi-currency) term structure models reveals a noticeable tradeoff between matching depreciation rates and accuracy in pricing bonds. Risk premiums implied by our global affine model generate unbiased predictions for currency excess returns and are......We study the properties of foreign exchange risk premiums that can explain the forward bias puzzle, defined as the tendency of high-interest rate currencies to appreciate rather than depreciate. These risk premiums arise endogenously from the no-arbitrage condition relating the term structure of...

  3. Dynamic Jump Intensities and Risk Premiums

    DEFF Research Database (Denmark)

    Christoffersen, Peter F.; Jacobs, Kris; Ornthanalai, Chayawat

    2012-01-01

    We build a new class of discrete-time models that are relatively easy to estimate using returns and/or options. The distribution of returns is driven by two factors: dynamic volatility and dynamic jump intensity. Each factor has its own risk premium. The models significantly outperform standard...... models without jumps when estimated on S&P500 returns. We find very strong support for time-varying jump intensities. Compared to the risk premium on dynamic volatility, the risk premium on the dynamic jump intensity has a much larger impact on option prices. We confirm these findings using joint...

  4. Is there a Producer Quality Wage Premium similar to the Exporter Wage Premium

    OpenAIRE

    Pedro J. Hernández

    2012-01-01

    Exporter wage premium has been widely studied in the literature on international trade. The aim of this paper is analyze whether there is also a producer quality wage premium at firm level, and if so, analyze whether its origin is similar to the exporter wage premium. In other words, I test whether firms that increase their product quality become more productive and pay higher wages (as with the learning by exporting hypothesis, we can speak of learning by producing quality), or, in contrast,...

  5. Quantitative concept tests of organic premium meat products

    OpenAIRE

    Chrysochou, Polymeros; Krystallis Krontalis, Athanasios

    2015-01-01

    This report is part of WP6 of the SUMMER project. The aim is to investigate how consumers perceive organic premium products and if they are willing to pay a price premium for these products. We conducted an experiment with 426 Danish consumers, in which we manipulate production method (organic vs. conventional), premium production (premium vs. non-premium) and extrinsic quality (high vs. low) across three meat products (pork, beef and chicken). Our findings show that consumers perceive organi...

  6. Premium Forecasting of AN Insurance Company:

    Science.gov (United States)

    Fouladvand, M. Ebrahim; Darooneh, Amir H.

    We present an analytical study of an insurance company. We model the company's performance on a statistical basis and evaluate the predicted annual income of the company in terms of insurance parameters namely the premium, the total number of insured, average loss claims etc. We restrict ourselves to a single insurance class the so-called automobile insurance. We show the existence of a crossover premium pc below which the company is operating at a loss. Above pc, we also give a detailed statistical analysis of the company's financial status and obtain the predicted profit along with the corresponding risk as well as ruin probability in terms of premium. Furthermore we obtain the optimal premium popt which maximizes the company's profit.

  7. Idiosyncratic Volatility, Takeover Premiums and Target Gains

    OpenAIRE

    Croci, E; Petmezas, D; Travlos, N

    2009-01-01

    We examine the relation between targets’ idiosyncratic volatility (sigma) with takeover premiums received and target’s acquisition announcement returns. We argue that sigma is a significant driving force of the premium difference and hence different returns enjoyed by target firm’s shareholders. The uncertainty in the market about a target’s value makes bidder manager to pay a relatively higher price, when she believes that the acquisition will increase her shareholders’ value, in favor of ta...

  8. Understanding the ADR premium under market segmentation

    OpenAIRE

    Stigler, Mathieu; Shah, Ajay; Patnaik, Ila

    2010-01-01

    Capital controls can induce large and persistent deviations from the Law of One Price for cross-listed stocks in international capital markets. A considerable literature has explored firm-specific factors which influence ADR pricing when LOP is violated. In this paper, we examine the interlinkages between Indian ADR premiums and macroeconomic time-series. We construct an ADR premium index, whereby diversification across firms diminishes idiosyncratic fluctuations associated with each security...

  9. The equity premium in 100 textbooks

    OpenAIRE

    Fernandez, Pablo

    2008-01-01

    I review 100 finance and valuation textbooks published between 1979 and 2008 by authors such as Brealey and Myers, Copeland, Damodaran, Merton, Ross, Bruner, Bodie, Penman, Weston, Brigham and Arzac and find that their recommendations regarding the equity premium range from 3% to 10%. I also find that several books use different equity premia on different pages. Some of the confusion arises from not distinguishing among the four concepts that the term equity premium designates: historical equ...

  10. Inflation Premium and Oil Price Volatility

    OpenAIRE

    Paul Castillo; Carlos Montoro

    2006-01-01

    In this paper we establish a link between the volatility of oil price shocks and a positive expected value of inflation in equilibrium (inflation premium). In doing so, we implement the perturbation method to solve up to second order a benchmark New Keynesian model with oil price shocks. In contrast with log linear approximations, the second order solution relaxes certainty equivalence providing a link between the volatility of shocks and inflation premium. First, we obtain analytical results...

  11. "Comparative Advantage and Skill Premium of Regions"

    OpenAIRE

    Kohei Nagamachi

    2012-01-01

    This paper provides one explanation for why a positive correlation is observed between the skill premium and income of regions. In doing so, this paper provides a model of self-organized sorting and skill premium with a continuum of heterogeneous individuals as well as a continuum of industries or tasks within a production process. It is found that the positive correlation emerges through the interaction between the location-occupation choice by individuals and regional comparative advantage....

  12. Inflation premium and oil price volatility

    OpenAIRE

    Castillo, Paul; Montoro, Carlos; Tuesta, Vicente

    2007-01-01

    In this paper we establish a link between the volatility of oil price shocks and a positive expected value of inflation in equilibrium (inflation premium). In doing so, we implement the perturbation method to solve up to second order a benchmark New Keynesian model with oil price shocks. In contrast with log linear approximations, the second order solution relaxes certainty equivalence providing a link between the volatility of shocks and inflation premium. First, we obtain analytical results...

  13. Anchoring Heuristic and the Equity Premium Puzzle

    OpenAIRE

    Siddiqi, Hammad

    2015-01-01

    What happens when the anchoring and adjustment heuristic of Tversky and Kahneman (1974) is incorporated in the standard consumption-based capital asset pricing model (CCAPM)? The surprising finding is that it not only resolves the high equity-premium and low risk-free rate puzzles with a low risk-aversion coefficient, but also provides a unified framework for understanding countercyclical equity-premium, excess volatility, size, value, and momentum effects, and abnormal returns and volatiliti...

  14. Field performance of a premium heating oil

    Energy Technology Data Exchange (ETDEWEB)

    Santa, T. [Santa Fuels, Inc., Bridgeport, CT (United States); Jetter, S.M. [Mobil Oil R & D Corp., Paulsboro, NJ (United States)

    1996-07-01

    As part of our ongoing research to provide quality improvements to heating oil, Mobil Oil together with Santa Fuel, Inc., conducted a field trial to investigate the performance of a new premium heating oil. This premium heating oil contains an additive system designed to minimize sludge related problems in the fuel delivery system of residential home heating systems. The additive used was similar to others reported at this and earlier BNL conferences, but was further developed to enhance its performance in oil heat systems. The premium heating oil was bulk additized and delivered to a subset of the customer base. Fuel related, unscheduled service calls were monitored in this test area, as well as in a similar baseline area that did not receive the premium heating oil. Overall, the premium fuel provided a 45% reduction in the occurrence of fuel related, unscheduled service calls as compared to the baseline area. Within this population, there was a reduction of 38% in systems with 275 gallon tanks, and 55% in systems that had >275 gallon tanks showing that the additive is effective in the various configurations of residential oil heat systems. In addition, photographic documentation collected at two accounts supported this improvement by clearly showing that the equipment remained cleaner with the premium heating oil than with regular heating oil. Based on these results, a full marketing trial of this new product has been initiated by Mobil and Santa Fuel, Inc., during the 1995-1996 heating season.

  15. Analisis Kemurnian Premium Dengan Sensor Gas TGS 2620

    OpenAIRE

    Pinem, Molana

    2010-01-01

    Premium is a kind of gasoline marketed in Indonesia. Its spesification is based on the regulation issued by General Director of Oil and Petroleum with the number 3674/24/DJM/2006, March 17, 2006, with oetane number 88. Premium is used as fuel of vihicle engines specially designed and constructed to use premium as their fuel. When premium is more expensive than kerosene, there’s tendency of retail premium sellers to mix some amount of kerosene into premium gasoline to gain more profit. Visu...

  16. Does Specialization Explain Marriage Penalties and Premiums?

    Science.gov (United States)

    Killewald, Alexandra; Gough, Margaret

    2013-06-01

    Married men's wage premium is often attributed to within-household specialization: men can devote more effort to wage-earning when their wives assume responsibility for household labor. We provide a comprehensive evaluation of the specialization hypothesis, arguing that, if specialization causes the male marriage premium, married women should experience wage losses. Furthermore, specialization by married parents should augment the motherhood penalty and the fatherhood premium for married as compared to unmarried parents. Using fixed-effects models and data from the NLSY79, we estimate within-gender differences in wages according to marital status and between-gender differences in the associations between marital status and wages. We then test whether specialization on time use, job traits, and tenure accounts for the observed associations. Results for women do not support the specialization hypothesis. Childless men and women both receive a marriage premium. Marriage augments the fatherhood premium but not the motherhood penalty. Changes in own and spousal employment hours, job traits, and tenure appear to benefit both married men and women, although men benefit more. Marriage changes men's labor market behavior in ways that augment wages, but these changes do not appear to occur at the expense of women's wages. PMID:24039271

  17. STRENGTH DESIGN OF PREMIUM THREADED CASING CONNECTION

    Institute of Scientific and Technical Information of China (English)

    Gao Lianxin; Jin Ye; Zhang Yi

    2004-01-01

    Using premium casing connections instead of API ones is one of the most effective technique to prevent casing failure.The factors contribute to the strength of premium casing connections are studied with FEA and full-scale test.The criterions are presented that ensure the connection's strength higher than the pipe.At the same time, the method is given to decrease the peak stress of the connection so as to improve its anticorruption property.At last, full-scale tests are done to test the strength of the connections designed with the method described, the results show that the connection's strength is higher than the pipe.This indicated that the method described is effective in designing premium casing connection.

  18. Examining Determinants of Foreign Wage Premiums in China

    OpenAIRE

    Greaney, Theresa M.; Yao Li

    2014-01-01

    We estimate foreign ownership wage premiums for every 3-digit manufacturing industry in China and discover a wide range of premiums both for so-called "foreign" ownership and for overseas Chinese ownership of firms. Foreign ownership generates larger and more prevalent wage premiums than overseas Chinese ownership of firms, but both types of foreign ownership produce wage premiums that respond similarly in hypothesis testing of determinants. Using the number of computers per worker as an indi...

  19. Is There a Cohabitation Premium in Men’s Earnings?

    OpenAIRE

    Arif Mamun

    2004-01-01

    This paper provides new evidence on wage premiums for men in relation to marriage and cohabitation. Using data from the National Longitudinal Survey of Youth 1979, the paper shows that even after accounting for selection there is a cohabitation wage premium, albeit smaller than the marriage premium, for White and Black men but not for Hispanic men. The wage premiums appear to result from a steepening of the wage profile over the length of the relationship. We put forward a joint human capital...

  20. Does physical capacity explain the height premium?

    OpenAIRE

    Böckerman, Petri; Johansson, Edvard; Kiiskinen, Urpo; Heliövaara, Markku

    2010-01-01

    The paper examines the role of physical capacity in the determination of the height premium by using the “Health 2000 in Finland” data that contain both self-reported information on the physical strenuousness of work, and information on muscle mass from medical examinations. Our results show that the height premium does not vary according to the physical strenuousness of work. We also find that muscle mass is not related to wages. Furthermore, we observe that the shortest men do physically ve...

  1. 42 CFR 403.254 - Calculation of premiums.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 2 2010-10-01 2010-10-01 false Calculation of premiums. 403.254 Section 403.254... Ratio Provisions § 403.254 Calculation of premiums. (a) General provisions. To calculate the amount of “premiums”, calculate the present value on the initial calculation date of expected earned premiums for...

  2. 24 CFR 266.602 - Mortgage insurance premium: Insured advances.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Mortgage insurance premium: Insured... HOUSING AND URBAN DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER... Contract Rights and Obligations Mortgage Insurance Premiums § 266.602 Mortgage insurance premium:...

  3. 24 CFR 266.604 - Mortgage insurance premium: Other requirements.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Mortgage insurance premium: Other... HOUSING AND URBAN DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER... Contract Rights and Obligations Mortgage Insurance Premiums § 266.604 Mortgage insurance premium:...

  4. 24 CFR 213.260 - Allowable methods of premium payment.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Allowable methods of premium payment. 213.260 Section 213.260 Housing and Urban Development Regulations Relating to Housing and Urban... Allowable methods of premium payment. Premiums shall be payable in cash or in debentures at par plus...

  5. 44 CFR 61.7 - Risk premium rate determinations.

    Science.gov (United States)

    2010-10-01

    ... 44 Emergency Management and Assistance 1 2010-10-01 2010-10-01 false Risk premium rate... COVERAGE AND RATES § 61.7 Risk premium rate determinations. (a) Pursuant to section 1307 of the Act, the... estimate the risk premium rates necessary to provide flood insurance in accordance with accepted...

  6. 49 CFR 260.15 - Credit risk premium.

    Science.gov (United States)

    2010-10-01

    ... 49 Transportation 4 2010-10-01 2010-10-01 false Credit risk premium. 260.15 Section 260.15... REHABILITATION AND IMPROVEMENT FINANCING PROGRAM Overview § 260.15 Credit risk premium. (a) Where available... pay to the Administrator a Credit Risk Premium adequate to cover that portion of the subsidy cost...

  7. 7 CFR 400.710 - Preemption and premium taxation.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 6 2010-01-01 2010-01-01 false Preemption and premium taxation. 400.710 Section 400... of Policies and Rates of Premium § 400.710 Preemption and premium taxation. A policy or plan of insurance that is approved by the Board for FCIC reinsurance is preempted from state and local taxation....

  8. Forward Premiums and Market Efficiency: Panel Unit-root Evidence from the Term Structure of Forward Premiums

    OpenAIRE

    JOHN T. BARKOULAS; Baum, Christopher F.; Atreya Chakraborty

    2000-01-01

    A plausible explanation for cointegration among spot currency rates determined in efficient markets is the existence of a stationary, time-varying currency risk premium. Such an interpretation is contingent upon stationarity of the forward premium. However, empirical evidence on the stochastic properties of the forward premium series has been inconclusive. We apply a panel unit-root test--the Johansen likelihood ratio (JLR) test--to forward exchange premiums by utilizing cross-sectional infor...

  9. Modification of the Argonne tandem

    International Nuclear Information System (INIS)

    For nuclear structure experiments with heavy ions it is necessary to have ion energies in excess of 5 MeV per nucleon. At the Argonne tandem FN accelerator this was accomplished by the addition of a superconducting linac. Modifications of the FN tandem to improve the performance of the pair is described

  10. Package cues and their influence on the perception of Premium quality of Premium private label products

    OpenAIRE

    Immonen, Lotta

    2010-01-01

    Objective of the study In this study, a topic which has received little attention in the package and consumer good research: the packages of premium private label products, was studied. For this purpose two of the few products suiting the definition of premium private label products in the Finnish grocery sector were selected. These products belonged to the ground coffee category and were produced on behalf of a known Finnish retailer. The aim of the study was to find out what package att...

  11. Modeling foreign exchange risk premium in Armenia

    Czech Academy of Sciences Publication Activity Database

    Poghosyan, Tigran; Kočenda, Evžen; Zemčík, P.

    2008-01-01

    Roč. 44, č. 1 (2008), s. 41-61. ISSN 1540-496X R&D Projects: GA MŠk LC542 Institutional research plan: CEZ:MSM0021620846 Keywords : foreign exchange risk premium * Armenia * affine term structure models Subject RIV: AH - Economics Impact factor: 0.611, year: 2008

  12. Modeling foreign exchange risk premium in Armenia

    Czech Academy of Sciences Publication Activity Database

    Poghosyan, T.; Kočenda, E.; Zemčík, Petr

    2008-01-01

    Roč. 44, č. 1 (2008), s. 41-61. ISSN 1540-496X R&D Projects: GA MŠk LC542 Institutional research plan: CEZ:AV0Z70850503 Keywords : foreign exchange risk premium * Armenia * affine term structure models Subject RIV: AH - Economics Impact factor: 0.611, year: 2008

  13. 24 CFR 203.443 - Insurance premium.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Insurance premium. 203.443 Section... DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES SINGLE FAMILY MORTGAGE INSURANCE Contract Rights and Obligations Rehabilitation Loans § 203.443...

  14. 24 CFR 232.805 - Insurance premiums.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Insurance premiums. 232.805 Section... DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES MORTGAGE INSURANCE FOR NURSING HOMES, INTERMEDIATE CARE FACILITIES, BOARD AND CARE HOMES, AND ASSISTED...

  15. 24 CFR 220.804 - Insurance premiums.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Insurance premiums. 220.804 Section... DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES MORTGAGE INSURANCE AND INSURED IMPROVEMENT LOANS FOR URBAN RENEWAL AND CONCENTRATED DEVELOPMENT AREAS Contract...

  16. Gender, Productivity, and the Marital Wage Premium

    Science.gov (United States)

    Lincoln, Anne E.

    2008-01-01

    Explanations for married men's wage premium often emphasize greater market productivity due to a gendered division of household labor, though this "specialization thesis" has been insufficiently interrogated. Using data from Wave 2 of the National Survey of Families and Households (N = 972), this paper examines the relationship between wages and…

  17. 28 CFR 345.52 - Premium pay.

    Science.gov (United States)

    2010-07-01

    ... traits supportive of morale and good institutional adjustment. It is not a form of bonus or incentive pay...) are notified by the FPI Manager or by a posted list on the FPI bulletin board. A record of the... for failure to demonstrate the premium pay selection traits or for failure to abide by the...

  18. 2015 Annual Report - Argonne Leadership Computing Facility

    Energy Technology Data Exchange (ETDEWEB)

    Collins, James R. [Argonne National Lab. (ANL), Argonne, IL (United States); Papka, Michael E. [Argonne National Lab. (ANL), Argonne, IL (United States); Cerny, Beth A. [Argonne National Lab. (ANL), Argonne, IL (United States); Coffey, Richard M. [Argonne National Lab. (ANL), Argonne, IL (United States)

    2015-01-01

    The Argonne Leadership Computing Facility provides supercomputing capabilities to the scientific and engineering community to advance fundamental discovery and understanding in a broad range of disciplines.

  19. 2014 Annual Report - Argonne Leadership Computing Facility

    Energy Technology Data Exchange (ETDEWEB)

    Collins, James R. [Argonne National Lab. (ANL), Argonne, IL (United States); Papka, Michael E. [Argonne National Lab. (ANL), Argonne, IL (United States); Cerny, Beth A. [Argonne National Lab. (ANL), Argonne, IL (United States); Coffey, Richard M. [Argonne National Lab. (ANL), Argonne, IL (United States)

    2014-01-01

    The Argonne Leadership Computing Facility provides supercomputing capabilities to the scientific and engineering community to advance fundamental discovery and understanding in a broad range of disciplines.

  20. Country Value Premiums and Financial Crises

    Directory of Open Access Journals (Sweden)

    Adam Zaremba

    2014-01-01

    Full Text Available The paper concentrates on the value premium across countries and contributes to the investment and asset pricing literature in three ways. First, I provide fresh evidence that the high-value countries perform significantly better than the low-value countries. Additionally, this phenomenon is indifferent to the choice of the computational currency, representative index or value indicator. Second, I demonstrate that the value effect can be successfully amplified by combining with country-level size and momentum effects. Third, I show that returns to the high-value countries deteriorate in financial crisis conditions, because the country-level value premium is negatively correlated with the credit spreads, TED spread and expected volatility. I examine data from 66 markets between years 2000 and 2013.

  1. Crop Insurance, Premium Subsidy and Agricultural Output

    Institute of Scientific and Technical Information of China (English)

    XU Jing-feng; LIAO Pu

    2014-01-01

    This paper studied the effects of crop insurance on agricultural output with an economic growth model. Based on Ramsey-Cass-Koopmans (RCK) model, a basic model of agriculture economic growth was developed. Extending the basic model to incorporate uncertainty and insurance mechanism, a risk model and a risk-insurance model were built to study the inlfuences of risk and crop insurance on agricultural output. Compared with the steady states of the three models, the following results are achieved:(i) agricultural output decreases if we introduce uncertainty into the risk-free model;(ii) crop insurance promotes agriculture economic growth if insurance mechanism is introduced into the risk model;(iii) premium subsidy constantly improves agricultural output. Our contribution is that we studied the effects of crop insurance and premium subsidy from the perspective of economic growth in a dynamic framework, and proved the output promotion of crop insurance theoretically.

  2. 75 FR 44028 - Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums

    Science.gov (United States)

    2010-07-27

    ... collection of information under Part 4007 of its regulation on Payment of Premiums (OMB control number 1212... 202-326- 4040.) The premium payment regulation and the premium instructions (including illustrative... of the premium payment regulation, plan administrators are required to file premium payments...

  3. Coal geopolitics

    International Nuclear Information System (INIS)

    This book divided into seven chapters, describes coal economic cycle. Chapter one: coals definition; the principle characteristics and properties (origin, calorific power, international classification...) Chapter two: the international coal cycle: coal mining, exploration, coal reserves estimation, coal handling coal industry and environmental impacts. Chapter three: the world coal reserves. Chapter four: the consumptions, productions and trade. Chapter five: the international coal market (exporting mining companies; importing companies; distributors and spot market operators) chapter six: the international coal trade chapter seven: the coal price formation. 234 refs.; 94 figs. and tabs

  4. Quantity premium in real property markets

    OpenAIRE

    Tabuchi, Takatoshi

    1993-01-01

    Using land market data in residential districts of Osaka Metropolitan Area in 1993, we tested the theory of nonlinear pricing. It was shown that quantity premiums prevail in real property markets, i.e., higher unit land prices for greater consumption of land is observed unlike in many commodity markets. We demonstrated that this is due to the irreversibility in changing lot size, the oligopolistic market structure, nondecreasing marginal utility, and/or nondecreasing returns to scale in produ...

  5. Social Security and the Equity Premium Puzzle

    OpenAIRE

    Olovsson, Conny

    2004-01-01

    This paper shows that social security may be an important factor in explaining the equity premium puzzle. In the absence of shortselling constraints, the young shortsell bonds to the middle-aged and buy equity. Social security reduces the bond demand of the middle-aged, thereby restricting the possibilities of the young to finance their equity purchases. Their equity demand increases as does the average return to equity. Social security also increases the covariance between future consumption...

  6. Risk Premium and Expectations in Higher Education

    OpenAIRE

    Gonzalo Castex

    2011-01-01

    This paper takes the risk of college participation into context when evaluating the return to college education. College dropout and a higher permanent income shock for those who graduate from college accounts for 51% of the excess return to college education. Using a simple risk premium approach, I reconcile the observed high average returns to schooling with relatively low attendance rates. A high dropout risk has two important effects on the estimated average returns to college education: ...

  7. What Does the Equity Premium Mean?

    OpenAIRE

    Grant Simon; Quiggin John

    2005-01-01

    Simon Grant and John Quiggin argue that taking the equity premium seriously-the well-known fact that the average annual historical return of stocks is seven times that of government bonds and other debt-has many implications, the most robust of which is that recessions are extremely costly even if they dont lower average consumption and that macroeconomic stabilization policies are more important than has been thought.

  8. Risk Based Explanations of the Equity Premium

    OpenAIRE

    John Donaldson; Rajnish Mehra

    2007-01-01

    This essay reviews the family of models that seek to provide aggregate risk based explanations for the empirically observed equity premium. Theories based on non-expected utility preference structures, limited financial market participation, model uncertainty and the small probability of enormous losses are detailed. We impose the additional requirements that candidate models yield consistent inter temporal portfolio choice and that a representative agent can be constructed which is independe...

  9. Premium quality for a mechanical design department

    OpenAIRE

    Rofín Serrà, Guillem

    2009-01-01

    This Thesis has been carried out in a market which is expected to grow rapidly in the next decade. Because of this, actors in the market like Alpha want to strengthen their business position through refining the quality of their products and processes. One of the internal targets of MD, a mechanical design department within Alpha, referred to “premium product quality parameters” although these were not defined. Hence, this Thesis intends to contribute in the definition and understanding that ...

  10. Insurance Premium Optimization: Perspective of Insurance Seeker and Insurance Provider

    Directory of Open Access Journals (Sweden)

    Nidhi Arora

    2014-03-01

    Full Text Available The paper proposes a utilitarian and newfangled design of life insurance premium payment. Insurance companies provide insurance to the policy holders and in turn the policy holders have to pay insurance premium periodically. In this paper, we study the important factors to be considered at the time of selecting the term of premium payment of insurance. The intention is to extend this study to a method which can machinate and assist users in deciding the term and amount of premium payment. Our aim here is twin-fold; one, to evoke a novel way to policy holder to decide the least premiums to be paid and second, to devise a manner for insurance provider to collect maximum premiums. With this twofold aim, we propose a hybrid soft computing optimization model using Neuro-Fuzzy approach and Particle Swarm Optimization.

  11. Physical Premium Principle: A New Way for Insurance Pricing

    Directory of Open Access Journals (Sweden)

    Amir H. Darooneh

    2005-02-01

    Full Text Available Abstract: In our previous work we suggested a way for computing the non-life insurance premium. The probable surplus of the insurer company assumed to be distributed according to the canonical ensemble theory. The Esscher premium principle appeared as its special case. The difference between our method and traditional principles for premium calculation was shown by simulation. Here we construct a theoretical foundation for the main assumption in our method, in this respect we present a new (physical definition for the economic equilibrium. This approach let us to apply the maximum entropy principle in the economic systems. We also extend our method to deal with the problem of premium calculation for correlated risk categories. Like the Buhlman economic premium principle our method considers the effect of the market on the premium but in a different way.

  12. Setting of Agricultural Insurance Premium Rate and the Adjustment Model

    OpenAIRE

    Huang, Ya-Lin

    2012-01-01

    First, using the law of large numbers, we analyze the setting principle of agricultural insurance premium rate, and take the case of setting of adult sow premium rate for study, to draw the conclusion that with the continuous promotion of agricultural insurance, increase in the types of agricultural insurance and increase in the number of the insured, the premium rate should also be adjusted opportunely. Then, on the basis of Bayes' theorem, we adjust and calibrate the claim frequency and the...

  13. A Comment on: Storage and the Electricity Forward Premium

    OpenAIRE

    Bloys van Treslong, Adriaan; Huisman, Ronald

    2009-01-01

    textabstractThis paper examines the robustness of the results found by Douglas and Popova (2008). They examine the electricity forward premium in relation to gas storage inventories and find that, although electricity is not directly storable, electricity forward premiums are lower when gas storage inventories are higher, especially on days with high temperatures. Douglas and Popova (2008) derive their results from a forward premium model that is an extension of the Bessembinder and Lemmon (2...

  14. India's Increasing Skill Premium: Role of Demand and Supply

    OpenAIRE

    Azam, Mehtabul

    2009-01-01

    The tertiary-secondary (college-high school) wage premium has been increasing in India over the past decade, but the increase differs across age groups. The increase in wage premium has been driven mostly by younger age groups, while older age groups have not experienced any significant increase. This paper uses the demand and supply model with imperfect substitution across age groups developed in Card and Lemieux (2001) to explain the uneven increase in the wage premium across age groups in ...

  15. Stock Market Valuation : the Role of the Macroeconomic Risk Premium

    OpenAIRE

    Christophe Boucher

    2003-01-01

    Using annual and quarterly data since 1952, we estimate a fundamentals- based empirical model for the earning-price ratio of US stocks. The key fundamental-variable is a time-varying discount rate, decomposed into a time-varying measure for the real interest rate and the equity risk premium. Applying the Johansen procedure, we implicitly estimate the equity risk premium with cointegration test in an error correction model. This equity risk premium is determined by GDP volatility and price inf...

  16. The equity premium puzzle: an artificial neural network approach

    OpenAIRE

    Shee Q. Wong; Nik R. Hassan; Ehsan Feroz

    2007-01-01

    Purpose – In recent years, equity premiums have been unusually large and efforts to forecast them have been largely unsuccessful. This paper presents evidence suggesting that artificial neural networks (ANNs) outperform traditional statistical methods and can forecast equity premiums reasonably well. Design/methodology/approach – This study replicates out-of-sample estimates of regression using ANN with economic fundamentals as inputs. The theory states that recent large equity premium values...

  17. The Effects of Premium Payment in Turkey Agricultural Supports System

    OpenAIRE

    Erdal, Gülistan; ERDAL, Hilmi

    2008-01-01

    This study was carried out to determine the effects of premium payment on cotton, sun flower, soybean, canola, aspire and maize productions in Turkey. This research was carried between 1980-2006 periods. Granger causality test was used to determine the relationship among production area, product prices and premium payment given in different years for these agricultural products. According to Granger causality test results, there was no relationship between production areas and premium payment...

  18. Risk Measure and Premium Distribution on Catastrophe Reinsurance

    Institute of Scientific and Technical Information of China (English)

    XUN LI; WANG DE-HUI

    2012-01-01

    In this paper,we propose a new risk measure which is based on the Orlicz premium principle to characterize catastrophe risk premium.The intention is to develop a formulation strategy for Catastrophe Fund.The logarithm equivalent form of reinsurance premium is regarded as the retention of reinsurer,and the differential earnings between the reinsurance premium and the reinsurer's retention is accumulated as a part of Catastrophe Fund.We demonstrate that the aforementioned risk measure has some good properties,which are further confirmed by numerical simulations in R environment.

  19. Environmental Survey preliminary report, Argonne National Laboratory, Argonne, Illinois

    Energy Technology Data Exchange (ETDEWEB)

    1988-11-01

    This report presents the preliminary findings of the first phase of the Environmental Survey of the United States Department of Energy's (DOE) Argonne National Laboratory (ANL), conducted June 15 through 26, 1987. The Survey is being conducted by an interdisciplinary team of environmental specialists, led and managed by the Office of Environment, Safety and Health's Office of Environmental Audit. The team includes outside experts supplied by a private contractor. The objective of the Survey is to identify environmental problems and areas of environmental risk associated with ANL. The Survey covers all environmental media and all areas of environmental regulation. It is being performed in accordance with the DOE Environmental Survey Manual. The on-site phase of the Survey involves the review of existing site environmental data, observations of the operations carried on at ANL, and interviews with site personnel. The Survey team developed a Sampling and Analysis (S A) Plan to assist in further assessing certain of the environmental problems identified during its on-site activities. The S A Plan will be executed by the Oak Ridge National Laboratory (ORNL). When completed, the S A results will be incorporated into the Argonne National Laboratory Environmental Survey findings for inclusion in the Environmental Survey Summary Report. 75 refs., 24 figs., 60 tabs.

  20. Proposed environmental remediation at Argonne National Laboratory, Argonne, Illinois

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-05-01

    The Department of Energy (DOE) has prepared an Environmental Assessment evaluating proposed environmental remediation activity at Argonne National Laboratory-East (ANL-E), Argonne, Illinois. The environmental remediation work would (1) reduce, eliminate, or prevent the release of contaminants from a number of Resource Conservation and Recovery Act (RCRA) Solid Waste Management Units (SWMUs) and two radiologically contaminated sites located in areas contiguous with SWMUs, and (2) decrease the potential for exposure of the public, ANL-E employees, and wildlife to such contaminants. The actions proposed for SWMUs are required to comply with the RCRA corrective action process and corrective action requirements of the Illinois Environmental Protection Agency; the actions proposed are also required to reduce the potential for continued contaminant release. Based on the analysis in the EA, the DOE has determined that the proposed action does not constitute a major federal action significantly affecting the quality of the human environment within the meaning of the National Environmental Policy Act of 1969 (NEPA). Therefore, the preparation of an Environmental Impact Statement is not required.

  1. Proposed environmental remediation at Argonne National Laboratory, Argonne, Illinois

    International Nuclear Information System (INIS)

    The Department of Energy (DOE) has prepared an Environmental Assessment evaluating proposed environmental remediation activity at Argonne National Laboratory-East (ANL-E), Argonne, Illinois. The environmental remediation work would (1) reduce, eliminate, or prevent the release of contaminants from a number of Resource Conservation and Recovery Act (RCRA) Solid Waste Management Units (SWMUs) and two radiologically contaminated sites located in areas contiguous with SWMUs, and (2) decrease the potential for exposure of the public, ANL-E employees, and wildlife to such contaminants. The actions proposed for SWMUs are required to comply with the RCRA corrective action process and corrective action requirements of the Illinois Environmental Protection Agency; the actions proposed are also required to reduce the potential for continued contaminant release. Based on the analysis in the EA, the DOE has determined that the proposed action does not constitute a major federal action significantly affecting the quality of the human environment within the meaning of the National Environmental Policy Act of 1969 (NEPA). Therefore, the preparation of an Environmental Impact Statement is not required

  2. Environmental Survey preliminary report, Argonne National Laboratory, Argonne, Illinois

    International Nuclear Information System (INIS)

    This report presents the preliminary findings of the first phase of the Environmental Survey of the United States Department of Energy's (DOE) Argonne National Laboratory (ANL), conducted June 15 through 26, 1987. The Survey is being conducted by an interdisciplinary team of environmental specialists, led and managed by the Office of Environment, Safety and Health's Office of Environmental Audit. The team includes outside experts supplied by a private contractor. The objective of the Survey is to identify environmental problems and areas of environmental risk associated with ANL. The Survey covers all environmental media and all areas of environmental regulation. It is being performed in accordance with the DOE Environmental Survey Manual. The on-site phase of the Survey involves the review of existing site environmental data, observations of the operations carried on at ANL, and interviews with site personnel. The Survey team developed a Sampling and Analysis (S ampersand A) Plan to assist in further assessing certain of the environmental problems identified during its on-site activities. The S ampersand A Plan will be executed by the Oak Ridge National Laboratory (ORNL). When completed, the S ampersand A results will be incorporated into the Argonne National Laboratory Environmental Survey findings for inclusion in the Environmental Survey Summary Report. 75 refs., 24 figs., 60 tabs

  3. An update on Argonne's AWA

    International Nuclear Information System (INIS)

    The Argonne Wakefield Accelerator (AWA) is a new research facility which will possess unprecedented research capabilities for the study of wakefields and related areas requiring short, intense electron bunches. The AWA is designed to produce 100 nC, 14 ps (full width) electron bunches at rep rates up to 30 Hz. Phase-1 of the AWA, now under construction, will provide these pulses at 20 MeV for various experiments. Current designs, related research and development, and construction status are presented in this general overview and project update. 6 refs., 4 figs

  4. Argonne National Laboratory 1985 publications

    International Nuclear Information System (INIS)

    This report is a bibliography of scientific and technical 1985 publications of Argonne National Laboratory. Some are ANL contributions to outside organizations' reports published in 1985. This compilation, prepared by the Technical Information Services Technical Publications Section (TPB), lists all nonrestricted 1985 publications submitted to TPS by Laboratory's Divisions. The report is divided into seven parts: Journal Articles - Listed by first author, ANL Reports - Listed by report number, ANL and non-ANL Unnumbered Reports - Listed by report number, Non-ANL Numbered Reports - Listed by report number, Books and Book Chapters - Listed by first author, Conference Papers - Listed by first author, Complete Author Index

  5. Argonne National Laboratory 1985 publications

    Energy Technology Data Exchange (ETDEWEB)

    Kopta, J.A. (ED.); Hale, M.R. (comp.)

    1987-08-01

    This report is a bibliography of scientific and technical 1985 publications of Argonne National Laboratory. Some are ANL contributions to outside organizations' reports published in 1985. This compilation, prepared by the Technical Information Services Technical Publications Section (TPB), lists all nonrestricted 1985 publications submitted to TPS by Laboratory's Divisions. The report is divided into seven parts: Journal Articles - Listed by first author, ANL Reports - Listed by report number, ANL and non-ANL Unnumbered Reports - Listed by report number, Non-ANL Numbered Reports - Listed by report number, Books and Book Chapters - Listed by first author, Conference Papers - Listed by first author, Complete Author Index.

  6. A new method to estimate implied equity risk premiums: The level of premiums and their explanatory power

    OpenAIRE

    Lindroos, Mikko

    2013-01-01

    The main objective of the study is to determine the level of implied equity risk premiums from two models and to analyse their explanatory power in terms of future realized equity risk premiums. The paper studies a new method to estimate implied premiums and validates the results by a comparison to an established model. Luoma and Sahlström (2009) presented their model to estimate implied equity risk premiums by looking at an earn back period calculated from analysts' earnings forecasts, the c...

  7. The dynamics of risk premiums in Nord Pool's futures market

    International Nuclear Information System (INIS)

    Premiums in futures prices are usually considered through the use of 2 models: a no-arbitrage model; and the equilibrium approach or theory of normal backwardation. The no-arbitrage approach equates futures prices with spot prices, storage costs and convenience yields, and is difficult to apply to electricity markets. This paper investigated future electricity prices in Nord Pool's futures market using an equilibrium approach, which split futures prices into an expected spot price component and a risk premium component. Three main hypotheses were used: (1) that risk premiums were present in the Nord Pool futures market during the period 1997-2004; that risk premiums in the Nord Pool futures market were smaller or absent during the period of 2000 to 2002; and, that there was a significant change in risk premiums in Nord Pool's futures market after the winter of 2002-2003 due to a change in consumer hedging behaviour. Futures prices were compared to realized spot prices in their delivery periods in order to test the hypotheses. In order to estimate the futures premiums, a 1-sample test was performed on the entire period for 1, 30, 60, and 90 days before delivery of the block or month contract. The test employed the null hypothesis that the futures premiums were 0. Premiums were positive and varied between 3.7 per cent and 9.3 per cent. The purpose of the study was to determine whether risk premiums were present. Results showed that risk premiums varied over time. Two additional hypotheses were then investigated to examine whether the presence of outside speculators reduced risk premiums, and to see if a period of high prices and volatility caused more buyers to hedge in the futures market. Results showed that in the face of volatility and higher prices, consumers do not purchase fixed-price contracts which would ultimately increase futures premiums in the market. It was concluded that premiums are an important element in the pricing of Nord Pool futures and forwards

  8. 78 FR 666 - Treasury Inflation-Protected Securities Issued at a Premium; Bond Premium Carryforward

    Science.gov (United States)

    2013-01-04

    ... Securities issued with more than a de minimis amount of premium were published in the Federal Register (76 FR... temporary regulations was published in the Federal Register for the same day (76 FR 75829). No comments were... Internal Revenue Service 26 CFR Part 1 RIN 1545-BK45; 1545-BL29 Treasury Inflation-Protected...

  9. Life Insurance Actuarial Model with Returnable Premium

    Institute of Scientific and Technical Information of China (English)

    YanhuaiLang

    2004-01-01

    Insurance is the important aspect of finance. It has been fully developed in the western developed countries. With the fast development of market economy in our country,it is necessary to introduce the alien modern theories and techniques, and at the same time,adapt them to our concrete situation. The model of general life insurance product is to be established in this paper, including deferred life annuities, increasing whole life insurance and returnable premiums. Then through the regulation of various parameters, we can obtain various insurance products.

  10. The equity premium in 150 textbooks

    OpenAIRE

    Fernandez, Pablo

    2009-01-01

    I review 150 textbooks on corporate finance and valuation published between 1979 and 2009 by authors such as Brealey, Myers, Copeland, Damodaran, Merton, Ross, Bruner, Bodie, Penman, Arzac¿ and find that their recommendations regarding the equity premium range from 3% to 10%, and that 51 books use different equity premia in various pages. The 5-year moving average has declined from 8.4% in 1990 to 5.7% in 2008 and 2009. Some confusion arises from not distinguishing among the four concepts tha...

  11. Volatility of volatility and tail risk premiums

    OpenAIRE

    Yang-Ho Park

    2013-01-01

    This paper reports on tail risk premiums in two tail risk hedging strategies: the S&P 500 puts and the VIX calls. As a new measure of tail risk, we suggest using a model-free, risk-neutral measure of the volatility of volatility implied by a cross section of the VIX options, which we call the VVIX index. The tail risk measured by the VVIX index has forecasting power for future tail risk hedge returns. Specifically, consistent with the literature on rare disasters, an increase in the VVIX inde...

  12. Premium Motorsi priimad päevad / Raigo Neudorf

    Index Scriptorium Estoniae

    Neudorf, Raigo

    2007-01-01

    Automüüja Premium Motors on edu saavutanud luksusmaasturi Hummer ning teiste USA eksklusiivsete automarkide müügiõigusega. Tabel: Rentaabel äri. Vt. samas: Palun kaks roosat Hummerit; Premium Motors hakkab sügisel Hiina maastureid müüma.

  13. 77 FR 41048 - Health Insurance Premium Tax Credit; Correction

    Science.gov (United States)

    2012-07-12

    ..., 2012 (77 FR 30377). The final regulations relate to the health insurance premium tax credit enacted by... Internal Revenue Service 26 CFR Part 1 RIN 1545-BJ82 Health Insurance Premium Tax Credit; Correction AGENCY... INFORMATION CONTACT: Shareen S. Pflanz, (202) 622-4920 (not a toll free number). SUPPLEMENTARY...

  14. 49 CFR 260.17 - Credit risk premium analysis.

    Science.gov (United States)

    2010-10-01

    ... Financial Assistance § 260.17 Credit risk premium analysis. (a) When Federal appropriations are not... 49 Transportation 4 2010-10-01 2010-10-01 false Credit risk premium analysis. 260.17 Section 260..., based on Applicant's: (A) Industry outlook; (B) Market position; (C) Management and financial...

  15. 42 CFR 422.404 - State premium taxes prohibited.

    Science.gov (United States)

    2010-10-01

    ... (CONTINUED) MEDICARE PROGRAM MEDICARE ADVANTAGE PROGRAM Organization Compliance With State Law and Preemption by Federal Law § 422.404 State premium taxes prohibited. (a) Basic rule. No premium tax, fee, or... part, if that tax, fee, or payment is applicable to a broad range of business activity....

  16. The Effect of Identity Preserved Premiums on Elevator Grain Flows

    OpenAIRE

    Gloy, Angela; Dooley, Frank J.

    2003-01-01

    The effect of identity preserved premiums on a grain elevator's received volumes is modeled using stochastic simulation across the harvest season. A feedback loop simulates competing elevators' bid prices and tracks producer delivery decisions using arbitrage criteria at competing market elevators. Results provide information about the sensitivity of distance thresholds in producer delivery decisions given IP premiums.

  17. 42 CFR 60.14 - The insurance premium.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false The insurance premium. 60.14 Section 60.14 Public... LOAN PROGRAM The Loan § 60.14 The insurance premium. (a) General. (1) The Secretary insures each lender... dischargeability of the HEAL loan; or defaults on his or her loan. For this insurance, the Secretary charges...

  18. The Phantom Gender Difference in the College Wage Premium

    Science.gov (United States)

    Hubbard, William H. J.

    2011-01-01

    A growing literature seeks to explain why so many more women than men now attend college. A commonly cited stylized fact is that the college wage premium is, and has been, higher for women than for men. After identifying and correcting a bias in estimates of college wage premiums, I find that there has been essentially no gender difference in the…

  19. A Comment on: Storage and the Electricity Forward Premium

    NARCIS (Netherlands)

    A. Bloys van Treslong (Adriaan); R. Huisman (Ronald)

    2009-01-01

    textabstractThis paper examines the robustness of the results found by Douglas and Popova (2008). They examine the electricity forward premium in relation to gas storage inventories and find that, although electricity is not directly storable, electricity forward premiums are lower when gas storage

  20. TESTING FOR RISK PREMIUMS IN THE WHEAT-FLOUR SUBSECTOR

    OpenAIRE

    Ronald W. Cotterill; Salih, Hachim M.

    1992-01-01

    This paper specifies a model of wholesale flour price determination that incorporates risk measures for input prices (wheat) and a joint output price (millfeed). Tests using daily price data for a Buffalo flour miller indicate that risk premiums do exist. Moreover, these premiums persist in a model that incorporates hedging.

  1. Risk premiums in the German day-ahead Electricity Market

    International Nuclear Information System (INIS)

    This paper conducts an empirical analysis of risk premiums in the German day-ahead Electricity Wholesale Market. We compare hourly price data of the European Energy Exchange (EEX) auction and of the continuous over-the-counter (OTC) market which takes place prior to the EEX auction. Data provided by the Energy Exchange Austria (EXAA) has been used as a snapshot of the OTC market two hours prior to the EEX auction. Ex post analysis found market participants are willing to pay both significant positive and negative premiums for hourly contracts. The largest positive premiums were paid for high demand evening peak hours on weekdays during winter months. By contrast, night hours on weekends featuring lowest demand levels display negative premiums. Additionally, ex ante analysis found a strong positive correlation between the expected tightness of the system and positive premiums. For this purpose, a tightness factor has been introduced that includes expectations of fundamental factors such as power plant availability, wind power production and demand. Hence, findings by can be supported that power traders in liberalised markets behave like risk-averse rational economic agents. - Research highlights: →Analysis of hourly risk premiums in the German day-ahead Electricity Wholesale Market. →Market participants are willing to pay both significant positive and negative premiums for hourly contracts. →A strong correlation exists between the expected tightness of the power system and premiums.

  2. 46 CFR 308.407 - Premiums and payment.

    Science.gov (United States)

    2010-10-01

    ... MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION EMERGENCY OPERATIONS WAR RISK INSURANCE War Risk Builder's Risk Insurance § 308.407 Premiums and payment. For the prelaunching period premium will be charged on the average value at risk during each calendar month or the daily pro rata part thereof...

  3. 46 CFR 308.513 - Payment of premiums and fees.

    Science.gov (United States)

    2010-10-01

    ... Shipping MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION EMERGENCY OPERATIONS WAR RISK INSURANCE War Risk Cargo Insurance Ii-Open Policy War Risk Cargo Insurance § 308.513 Payment of premiums and fees. The assured shall pay the premium, when his closing report is filed, for all shipments shown on...

  4. 46 CFR 308.7 - Premiums and payment thereof.

    Science.gov (United States)

    2010-10-01

    ... June 2, 1977 of any war risk policies to become operative and premium shall be payable within ten days... 46 Shipping 8 2010-10-01 2010-10-01 false Premiums and payment thereof. 308.7 Section 308.7 Shipping MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION EMERGENCY OPERATIONS WAR RISK...

  5. Optimal Premium Pricing for a Heterogeneous Portfolio of Insurance Risks

    Directory of Open Access Journals (Sweden)

    Athanasios A. Pantelous

    2009-01-01

    Full Text Available The paper revisits the classical problem of premium rating within a heterogeneous portfolio of insurance risks using a continuous stochastic control framework. The portfolio is divided into several classes where each class interacts with the others. The risks are modelled dynamically by the means of a Brownian motion. This dynamic approach is also transferred to the design of the premium process. The premium is not constant but equals the drift of the Brownian motion plus a controlled percentage of the respective volatility. The optimal controller for the premium is obtained using advanced optimization techniques, and it is finally shown that the respective pricing strategy follows a more balanced development compared with the traditional premium approaches.

  6. A comment on 'Storage and the electricity forward premium'

    International Nuclear Information System (INIS)

    This paper examines the robustness of the results found by Douglas and Popova (2008). They examine the electricity forward premium in relation to gas storage inventories and find that, although electricity is not directly storable, electricity forward premiums are lower when gas storage inventories are higher, especially on days with high temperatures. Douglas and Popova (2008) derive their results from a forward premium model that is an extension of the Bessembinder and Lemmon (2002) model. We examine whether the gas storage inventory results hold under a different specification of the forward risk premium. Our results support the results found by Douglas and Popova (2008) and show that their results are not influenced by the specification of the forward premium model. (author)

  7. Argonne National Laboratory 1986 publications

    International Nuclear Information System (INIS)

    This report is a bibliography of scientific and technical 1986 publications of Argonne National Laboratory. Some are ANL contributions to outside organizations' reports published in 1986. This compilation, prepared by the Technical Information Services Technical Publications Section (TPS), lists all nonrestricted 1986 publications submitted to TPS by the Laboratory's Divisions. Author indexes list ANL authors only. If a first author is not an ANL employee, an asterisk in the bibliographic citation indicates the first ANL author. The report is divided into seven parts: Journal Articles -- Listed by first author; ANL Reports -- Listed by report number; ANL and non-ANL Unnumbered Reports -- Listed by report number; Non-ANL Numbered Reports -- Listed by report number; Books and Book Chapters -- Listed by first author; Conference Papers -- Listed by first author; and Complete Author Index

  8. Argonne National Laboratory 1986 publications

    Energy Technology Data Exchange (ETDEWEB)

    Kopta, J.A.; Springer, C.J.

    1987-12-01

    This report is a bibliography of scientific and technical 1986 publications of Argonne National Laboratory. Some are ANL contributions to outside organizations' reports published in 1986. This compilation, prepared by the Technical Information Services Technical Publications Section (TPS), lists all nonrestricted 1986 publications submitted to TPS by the Laboratory's Divisions. Author indexes list ANL authors only. If a first author is not an ANL employee, an asterisk in the bibliographic citation indicates the first ANL author. The report is divided into seven parts: Journal Articles -- Listed by first author; ANL Reports -- Listed by report number; ANL and non-ANL Unnumbered Reports -- Listed by report number; Non-ANL Numbered Reports -- Listed by report number; Books and Book Chapters -- Listed by first author; Conference Papers -- Listed by first author; and Complete Author Index.

  9. Push technology at Argonne National Laboratory.

    Energy Technology Data Exchange (ETDEWEB)

    Noel, R. E.; Woell, Y. N.

    1999-04-06

    Selective dissemination of information (SDI) services, also referred to as current awareness searches, are usually provided by periodically running computer programs (personal profiles) against a cumulative database or databases. This concept of pushing relevant content to users has long been integral to librarianship. Librarians traditionally turned to information companies to implement these searches for their users in business, academia, and the science community. This paper describes how a push technology was implemented on a large scale for scientists and engineers at Argonne National Laboratory, explains some of the challenges to designers/maintainers, and identifies the positive effects that SDI seems to be having on users. Argonne purchases the Institute for Scientific Information (ISI) Current Contents data (all subject areas except Humanities), and scientists no longer need to turn to outside companies for reliable SDI service. Argonne's database and its customized services are known as ACCESS (Argonne-University of Chicago Current Contents Electronic Search Service).

  10. Setting of Agricultural Insurance Premium Rate and the Adjustment Model

    Institute of Scientific and Technical Information of China (English)

    HUANG Ya-lin

    2012-01-01

    First,using the law of large numbers,I analyze the setting principle of agricultural insurance premium rate,and take the case of setting of adult sow premium rate for study,to draw the conclusion that with the continuous promotion of agricultural insurance,increase in the types of agricultural insurance and increase in the number of the insured,the premium rate should also be adjusted opportunely.Then,on the basis of Bayes’ theorem,I adjust and calibrate the claim frequency and the average claim,in order to correctly adjust agricultural insurance premium rate;take the case of forest insurance for premium rate adjustment analysis.In setting and adjustment of agricultural insurance premium rate,in order to make the expected results well close to the real results,it is necessary to apply the probability estimates in a large number of risk units;focus on the establishment of agricultural risk database,to timely adjust agricultural insurance premium rate.

  11. 75 FR 28304 - Proposed Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums

    Science.gov (United States)

    2010-05-20

    ... control number 1212-0007; expires April 30, 2011) and intends to request that the Office of Management and... 202-326-4040.) The premium payment regulation and the premium instructions (including illustrative... of the premium payment regulation, plan administrators are required to file premium payments...

  12. 42 CFR 406.33 - Determination of months to be counted for premium increase: Enrollment.

    Science.gov (United States)

    2010-10-01

    ..., would no longer have to pay an increased premium because she had paid it for twice the number of full 12... 42 Public Health 2 2010-10-01 2010-10-01 false Determination of months to be counted for premium... Premium Hospital Insurance § 406.33 Determination of months to be counted for premium increase:...

  13. 26 CFR 1.822-10 - Amortization of premium and accrual of discount.

    Science.gov (United States)

    2010-04-01

    ... a company and, except to the extent such a company actually accrues discount or amortizes premium... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Amortization of premium and accrual of discount... Perpetual Policies Or Premium Deposits) § 1.822-10 Amortization of premium and accrual of discount. (a)...

  14. Second Thoughts on the Exporter Productivity Premium

    DEFF Research Database (Denmark)

    Schröder, Philipp; Sørensen, Allan

    2012-01-01

    productivity of exporters in proximity to the export-indifferent firm turns out to be lower than that of non-exporters, i.e. the productivity distributions overlap. The paper reviews empirical literature that reports non-positive exporter productivity premia in firm-level data and discusses implications for......Contrary to the prevailing interpretation, this paper shows that the central models of trade with heterogeneous firms [Melitz (2003) and Bernard et al.(2003)] exhibit ambiguous predictions for the exporter productivity premium. This prospect arises due to differences between theoretical and...... empirical representations of firm productivity. Instead of marginal productivity we examine in both models the theoretical equivalent of empirically observable productivity (value-added per employee). Given the presence of fixed export costs or heterogeneous mark-ups and trade costs, the observable...

  15. The Eco-Efficiency Premium Puzzle

    International Nuclear Information System (INIS)

    Conventional investment theory suggests that socially responsible investing (SRI) leads to inferior, rather than superior, portfolio performance. Using Innovest's well-established corporate eco-efficiency scores, we provide evidence supporting the contrary. We compose two equity portfolios that differ in ecoefficiency characteristics and find that our high-ranked portfolio provided substantially higher average returns compared to its low-ranked counterpart over the period 1995-2003. Using a wide range of performance attribution techniques to address common methodological concerns, we show that this performance differential cannot be explained by differences in market sensitivity, investment style, or industry-specific components. We finally investigate whether this ecoefficiency premium puzzle withstands the inclusion of transaction costs scenarios, and evaluate how excess returns can be earned in a practical setting via a best-in-class stock selection strategy. The results remain significant under all levels of transactions costs, thus suggesting that the incremental benefits of SRI can be substantial

  16. EVALUATION OF CROP INSURANCE PREMIUM RATES FOR GEORGIA AND SOUTH CAROLINA PEACHES

    OpenAIRE

    Miller, Stephen E.; Kahl, Kandice H.; Rathwell, P. James

    2000-01-01

    We estimate actuarially fair premium rates for yield insurance for Georgia and South Carolina peaches for comparison to the premium rates established by the Risk Management Agency (RMA) for the 1999 crop. The RMA premium rates varied from county to county, but were identical for all growers in a given county. The estimated premium rates decrease with the grower's expected yield. The RMA rate structure encouraged adverse selection, as premium rates were too low for growers with low expected yi...

  17. Coal upgrading

    Energy Technology Data Exchange (ETDEWEB)

    Nunes, S. [IEA Clean Coal Centre, London (United Kingdom)

    2009-10-15

    This report examines current technologies and those likely to be used to produce cleaner coal and coal products, principally for use in power generation and metallurgical applications. Consideration is also given to coal production in the leading coal producing countries, both with developed and developing industries. A range of technologies are considered. These include the coal-based liquid fuel called coal water mixture (CWM) that may compete with diesel, the production of ultra-clean coal (UCC) and coal liquefaction which competes with oil and its products. Technologies for upgrading coal are considered, especially for low rank coals (LRC), since these have the potential to fill the gap generated by the increasing demand for coal that cannot be met by higher quality coals. Potential advantages and downsides of coal upgrading are outlined. Taking into account the environmental benefits of reduced pollution achieved through cleaner coal and reduced transport costs, as well as other positive aspects such as a predictable product leading to better boiler design, the advantages appear to be significant. The drying of low rank coals improves the energy productively released during combustion and may also be used as an adjunct or as part of other coal processing procedures. Coal washing technologies vary in different countries and the implications of this are outlined. Dry separation technologies, such as dry jigging and electrostatic separation, are also described. The demonstration of new technologies is key to their further development and demonstrations of various clean coal technologies are considered. A number of approaches to briquetting and pelletising are available and their use varies from country to country. Finally, developments in upgrading low rank coals are described in the leading coal producing countries. This is an area that is developing rapidly and in which there are significant corporate and state players. 81 refs., 32 figs., 3 tabs.

  18. Characterization and supply of coal based fuels. Volume 1, Final report and appendix A (Topical report)

    Energy Technology Data Exchange (ETDEWEB)

    1992-06-01

    Studies and data applicable for fuel markets and coal resource assessments were reviewed and evaluated to provide both guidelines and specifications for premium quality coal-based fuels. The fuels supplied under this contract were provided for testing of advanced combustors being developed under Pittsburgh Energy Technology Center (PETC) sponsorship for use in the residential, commercial and light industrial (RCLI) market sectors. The requirements of the combustor development contractors were surveyed and periodically updated to satisfy the evolving needs based on design and test experience. Available coals were screened and candidate coals were selected for further detailed characterization and preparation for delivery. A team of participants was assembled to provide fuels in both coal-water fuel (CWF) and dry ultrafine coal (DUC) forms. Information about major US coal fields was correlated with market needs analysis. Coal fields with major reserves of low sulfur coal that could be potentially amenable to premium coal-based fuels specifications were identified. The fuels requirements were focused in terms of market, equipment and resource constraints. With this basis, the coals selected for developmental testing satisfy the most stringent fuel requirements and utilize available current deep-cleaning capabilities.

  19. An Empirical Study of Asian Crude Oil Premiums

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    The price of Middle East crude oil exported to Asian countries has been higher than that to Europe and America for a long period, and this price differential made Asian countries pay more than European and American countries. Prior investigations found that "Asian Crude Oil Premium" did exist at a relatively low oil price level. However, world oil price soared after 2003, making the price of Middle East crude oil exported to European countries or America rise quickly, sometimes even higher than that to Asia. Under this situation, this paper uses the price of Middle East crude oil sold to Europe or America or Asia to test if the premium exists at a high oil price level and concludes that the crude oil price premium of Asia against America does not exist, but the premium of Asia against Europe still exists.

  20. Consumer Protection and Premium Rate Services In Denmark

    DEFF Research Database (Denmark)

    Trzaskowski, Jan

    2006-01-01

    The regulation of the telecommunication industry in Denmark is quite liberal. There are no requirements to register with national authorities when providing telecommunication services or Premium Rate Services. Only Network Operators, who want to make use of the scarce frequency resources, must...... register with the National IT and Telecom Agency. This liberal approach may be a contributory factor to the fact that there are no official statistics on Premium Rate Services available from public authorities. This article is structured into five parts concerning 1) Premium Rate Services in Denmark, 2......) relevant actors, 3) regulation concerning Network Operators, 4) regulation concerning Content Providers, and 5) telecommunication services that are not Premium Rate Services. The proposed structure has been departed to reflect the general division of regulation concerning the Network Operator and the...

  1. The Effects of Premium Changes on ALL Kids

    Data.gov (United States)

    U.S. Department of Health & Human Services — The Effects of Premium Changes on ALL Kids, Alabamas CHIP Program Unlike many other CHIP programs, ALL Kids is a standalone program that provides year long...

  2. 26 CFR 1.823-4 - Net premiums.

    Science.gov (United States)

    2010-04-01

    ... TAXES Mutual Insurance Companies (other Than Life and Certain Marine Insurance Companies and Other Than Fire Or Flood Insurance Companies Which Operate on Basis of Perpetual Policies Or Premium Deposits) §...

  3. 26 CFR 1.822-11 - Net premiums.

    Science.gov (United States)

    2010-04-01

    ... TAXES Mutual Insurance Companies (other Than Life and Certain Marine Insurance Companies and Other Than Fire Or Flood Insurance Companies Which Operate on Basis of Perpetual Policies Or Premium Deposits) §...

  4. 26 CFR 1.823-1 - Net premiums.

    Science.gov (United States)

    2010-04-01

    ... TAXES Mutual Insurance Companies (other Than Life and Certain Marine Insurance Companies and Other Than Fire Or Flood Insurance Companies Which Operate on Basis of Perpetual Policies Or Premium Deposits) §...

  5. Integrating risk adjustment and enrollee premiums in health plan payment.

    Science.gov (United States)

    McGuire, Thomas G; Glazer, Jacob; Newhouse, Joseph P; Normand, Sharon-Lise; Shi, Julie; Sinaiko, Anna D; Zuvekas, Samuel H

    2013-12-01

    In two important health policy contexts - private plans in Medicare and the new state-run "Exchanges" created as part of the Affordable Care Act (ACA) - plan payments come from two sources: risk-adjusted payments from a Regulator and premiums charged to individual enrollees. This paper derives principles for integrating risk-adjusted payments and premium policy in individual health insurance markets based on fitting total plan payments to health plan costs per person as closely as possible. A least squares regression including both health status and variables used in premiums reveals the weights a Regulator should put on risk adjusters when markets determine premiums. We apply the methods to an Exchange-eligible population drawn from the Medical Expenditure Panel Survey (MEPS). PMID:24308878

  6. Argonne heavy ion fusion program

    International Nuclear Information System (INIS)

    The experimental part of Argonne's heavy ion fusion program is directed toward demonstrating the first, and in many ways most difficult, section of a viable accelerator facility for heavy ion fusion. this includes a high current, high brightness, singly charged xenon source, a dc preaccelerator at the highest practical voltage, and a low beta linac of special design. The latter would demonstrate rf capture with its attendant inefficiencies and accelerate ions to a velocity acceptable to more conventional rf linac structures such as the π-3π Wideroe. The initial goals of this program are for a source current of 100 mA of Xe+1, a preaccelerator voltage of 1.5 MV, and less than 50% loss in rf capture into the low beta linac. A linear accelerator is proposed with a voltage gain up to 200 MV as a minimum which would form the initial stage of an operational heavy ion fusion facility irrespective of what type of acceleration to high energies were employed beyond this point

  7. Marine Insurance Liability: An Analysis of Mutuality vs. Fixed Premiums

    OpenAIRE

    Spadafora, Stacy E.

    2002-01-01

    This paper deals with the pricing differences between a mutual co-operative underwriting system and a fixed-premium underwriting system in providing coverage for marine liability. There has been much debate in recent years within the marine liability underwriting industry over which method fosters more competition, and hence, lower premiums for shipowners who are required to carry such coverage in order to operate. This paper will look at the current mutual marine insurance industry (Protecti...

  8. Price Premiums for Organic Food: The Education Effect

    OpenAIRE

    Paull, John

    2007-01-01

    Australian consumers (N=221) were surveyed to establish their valuations of food, based on country of origin, organic status and eco-labelling. The effect of consumer education level on the valuation of Organic and Certified Organic food is reported. Respondents who reported completing secondary or tertiary education had a similar response style, valuing Certified Organic at approximately twice the premium of Organic. The secondary education group valued Organic at a premium of 6.2%, and Cert...

  9. The VIX, the Variance Premium and Stock Market Volatility

    OpenAIRE

    Bekaert, Geert; Hoerova, Marie

    2013-01-01

    We decompose the squared VIX index, derived from US S&P500; options prices, into the conditional variance of stock returns and the equity variance premium. We evaluate a plethora of state-of-the-art volatility forecasting models to produce an accurate measure of the conditional variance. We then examine the predictive power of the VIX and its two components for stock market returns, economic activity and financial instability. The variance premium predicts stock returns while the conditional ...

  10. Which Price is Right: Load or Premium?*

    OpenAIRE

    Rexford E. Santerre

    2008-01-01

    This paper uses national time series data for the United States to investigate whether changes in the premium or loading fee offer a better explanation for variations in the percentage of the population with private health insurance from 1960 to 2004. The empirical results suggest that premium provides a better measure of price when estimating the demand for health insurance at the extensive margin. The empirical analysis also indicates that the aggregate short-run price and income elasticiti...

  11. Implicit Contracts and the Cyclicality of the Skill-Premium

    OpenAIRE

    Pourpourides, Panayiotis M.

    2007-01-01

    To examine the cyclical behavior of the skill-premium, this paper introduces implicit labor contracts in a DSGE model where production is characterized by capital-skill complementarity and the utilization of capital is endogenous. It is shown that this model can reproduce the observed cyclical patterns of wages and the skill-premium. The feature of capital-skill complementarity coupled with variable capital utilization rates does not come at odds with the acyclical behavior of the skill-premi...

  12. Premium Subsidy Changes and Demand for Crop Insurance

    OpenAIRE

    Lee, Dong Won; Diersen, Matthew A.; Janssen, Larry; Gustafson, Cole R.

    2006-01-01

    Crop insurance is widely used on major crops raised in the Northern Plains. Prospective reductions in the crop insurance premium subsidy are commonly expected to result in lower use of insurance. Corn and soybean producers in South Dakota responded to the shift in subsidy levels beginning in 2001 by shifting toward revenue products and higher amounts of insurance. Producers chose a product type depending on the size of the revenue price election level, relative yield and premium rate. Produce...

  13. Guangzhou Buyers Preference for Premium Hawaiian Grown Product Gift Baskets

    OpenAIRE

    Chan-Halbrendt, Catherine; Yu, Jin; Keung, Helen; Lin, Tun; Ferguson, Carol

    2006-01-01

    Guangzhou buyers' preference for premium Hawaiian grown product gift baskets with conjoint analysis was examined. Relative importance of three gift basket attributes: container type, products origin, and price were examined. Expenditure equivalent index to evaluate how much more each of the gift basket attributes is worth to the buyer was estimated. Main conclusions are: products have to be 'made in Hawaii' to receive the premium price; business buyers are generally less willing to pay a high...

  14. Macro risk premium and intermediary balance sheet quantities

    OpenAIRE

    Tobias ADRIAN; Moench, Emanuel; Shin, Hyun Song

    2010-01-01

    The macro risk premium measures the threshold return for real activity that receives funding from savers. We base our argument in this paper on the relationship between the macro risk premium and the growth of financial intermediaries' balance sheets. The spare capacity of their balance sheets determines the intermediaries' risk appetite, which in turn determines the real projects that receive funding and, hence, the supply of credit. Monetary policy affects risk appetite by changing the abil...

  15. Investigation of open-gradient magnetic separation for Illinois coal

    Energy Technology Data Exchange (ETDEWEB)

    Doctor, R.D.; Livengood, C.D.; Genens, L.E.; Swietlik, C.E.; Foote, K.

    1987-01-01

    Open-gradient magnetic separation (OGMS) using superconducting quadrupole magnets is a novel coal-beneficiation technology offering high pyritic-sulfur removal from pulverized dry coal. The system operates in a continuous mode, uses no chemicals, and has an estimated power demand 75% lower than techniques using conventional electromagnets, while achieving magnetic separation forces up to 267% higher. Specifically applicable to finely ground coal (120 to 325 mesh), OGMS could encourage the commercialization of other developing coal technologies, such as coal-water slurries, fludized-bed combustion, and coal synfuels. Both the experimental program conducted by Argonne National Laboratory and the results of modeling in support of the experimental program are described. 11 refs., 9 figs.

  16. An empirical study of the information premium on electricity markets

    International Nuclear Information System (INIS)

    Due to the non-storability of electricity and the resulting lack of arbitrage-based arguments to price electricity forward contracts, a significant time-varying risk premium is exhibited. Using EEX data during the introduction of emission certificates and the German “Atom Moratorium” we show that a significant part of the risk premium in electricity forwards is due to different information sets in spot and forward markets. In order to show the existence of the resulting information premium and to analyse its size we design an empirical method based on techniques relating to enlargement of filtrations and the structure of Hilbert spaces. - Highlights: ► Electricity is non-storable and the classical spot–forward-relationship is invalid. ► Future information will cause an information premium for forward contracts. ► We model this premium mathematically using enlargement of filtrations. ► We develop a statistical method testing for the information premium empirically. ► We apply the test to the 2nd phase of the EUETS and the German “Atom Moratorium”

  17. Coal-92

    International Nuclear Information System (INIS)

    Swedish consumption of coal and coke during 1991 and trends in technology, environment and market aspects of coal use are reported. Steam coal use in the heating sector was unchanged from 1991, 1.2 Mtons. Reduced consumption in smaller district heating units (due to conversion to biofuels and gas) was compensated by increased use for power generation in cogeneration plants. Coal consumption in industry fell 0.10 Mton to 0.84 Mton due to lower production in one industry branch. Import of steam coal was 1.1 Mton (down 0.5 Mton from 1990) since new rules for strategic reserves allowed a reduction of stocks. During the last five years stocks have been reduced by 2 Mtons. Import of metallurgical coal was 1.6 Mton, unchanged from 1990. The report also gives statistics for the coal using plants in Sweden, on coal R and D, and on emission laws for coal firing. (9 tabs., 2 figs.)

  18. Premium Fuel Production From Mining and Timber Waste Using Advanced Separation and Pelletizing Technologies

    Energy Technology Data Exchange (ETDEWEB)

    Honaker, R. Q.; Taulbee, D.; Parekh, B. K.; Tao, D.

    2005-12-05

    The Commonwealth of Kentucky is one of the leading states in the production of both coal and timber. As a result of mining and processing coal, an estimated 3 million tons of fine coal are disposed annually to waste-slurry impoundments with an additional 500 million tons stored at a number of disposal sites around the state due to past practices. Likewise, the Kentucky timber industry discards nearly 35,000 tons of sawdust on the production site due to unfavorable economics of transporting the material to industrial boilers for use as a fuel. With an average heating value of 6,700 Btu/lb, the monetary value of the energy disposed in the form of sawdust is approximately $490,000 annually. Since the two industries are typically in close proximity, one promising avenue is to selectively recover and dewater the fine-coal particles and then briquette them with sawdust to produce a high-value fuel. The benefits are i) a premium fuel product that is low in moisture and can be handled, transported, and utilized in existing infrastructure, thereby avoiding significant additional capital investment and ii) a reduction in the amount of fine-waste material produced by the two industries that must now be disposed at a significant financial and environmental price. As such, the goal of this project was to evaluate the feasibility of producing a premium fuel with a heating value greater than 10,000 Btu/lb from waste materials generated by the coal and timber industries. Laboratory and pilot-scale testing of the briquetting process indicated that the goal was successfully achieved. Low-ash briquettes containing 5% to 10% sawdust were produced with energy values that were well in excess of 12,000 Btu/lb. A major economic hurdle associated with commercially briquetting coal is binder cost. Approximately fifty binder formulations, both with and without lime, were subjected to an extensive laboratory evaluation to assess their relative technical and economical effectiveness as binding

  19. Chemical research at Argonne National Laboratory

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-04-01

    Argonne National Laboratory is a research and development laboratory located 25 miles southwest of Chicago, Illinois. It has more than 200 programs in basic and applied sciences and an Industrial Technology Development Center to help move its technologies to the industrial sector. At Argonne, basic energy research is supported by applied research in diverse areas such as biology and biomedicine, energy conservation, fossil and nuclear fuels, environmental science, and parallel computer architectures. These capabilities translate into technological expertise in energy production and use, advanced materials and manufacturing processes, and waste minimization and environmental remediation, which can be shared with the industrial sector. The Laboratory`s technologies can be applied to help companies design products, substitute materials, devise innovative industrial processes, develop advanced quality control systems and instrumentation, and address environmental concerns. The latest techniques and facilities, including those involving modeling, simulation, and high-performance computing, are available to industry and academia. At Argonne, there are opportunities for industry to carry out cooperative research, license inventions, exchange technical personnel, use unique research facilities, and attend conferences and workshops. Technology transfer is one of the Laboratory`s major missions. High priority is given to strengthening U.S. technological competitiveness through research and development partnerships with industry that capitalize on Argonne`s expertise and facilities. The Laboratory is one of three DOE superconductivity technology centers, focusing on manufacturing technology for high-temperature superconducting wires, motors, bearings, and connecting leads. Argonne National Laboratory is operated by the University of Chicago for the U.S. Department of Energy.

  20. Evaluation of risk strategy and market efficiency in the International coal market: A case study of the Japanese coking coal market

    International Nuclear Information System (INIS)

    Market efficiency and buyers' risk strategy in the Japanese coking import market are examined. The Japanese coal market is found to be inefficient. Japanese buyers traditionally have purchased coals from the United States at a high price and, since the second half of the 1980's, have paid the highest average price to Canadian producers. Given the abundant low cost Australian coals, this purchasing pattern does not meet the cost minimization criteria for efficiency. This is explained mainly by the buyers' risk management strategy. To more accurately examine price differentiation, the complexity of coal quality is considered first. A statistical method is used to estimate comparison of supply regions and a detailed investigation on market conduct is based on quality-adjusted prices, which are assumed to represent the prices of homogeneous coals. Although various reasons are used by researchers to explain Japanese buyers power, this study finds vertical integration of the Japanese companies to be the most important factor creating that power. A detailed survey of vertical integration is made. Finally, a monetary value of the risk premium is estimated by using the partial elasticity of substitution. Total payments by Japanese coking coal buyers for risk premiums are estimated. These represent the extra dollars paid by the Japanese to US and Canadian coal producers for purchasing their coals instead of Australian coals

  1. Coal desulfurization

    Science.gov (United States)

    Corcoran, William H. (Inventor); Vasilakos, Nicholas P. (Inventor); Lawson, Daniel D. (Inventor)

    1982-01-01

    A method for enhancing solubilizing mass transport of reactive agents into and out of carbonaceous materials, such as coal. Solubility parameters of mass transfer and solvent media are matched to individual peaks in the solubility parameter spectrum of coals to enhance swelling and/or dissolution. Methanol containing reactive agent carriers are found particularly effective for removing organic sulfur from coals by chlorinolysis.

  2. Wire chamber degradation at the Argonne ZGS

    International Nuclear Information System (INIS)

    Experience with multiwire proportional chambers at high rates at the Argonne Zero Gradient Synchrotron is described. A buildup of silicon on the sense wires was observed where the beam passed through the chamber. Analysis of the chamber gas indicated that the density of silicon was probably less than 10 ppM

  3. Overview of the Argonne National Laboratory program

    International Nuclear Information System (INIS)

    The design activities and experimental R and D program of the heavy-ion fusion program at Argonne are discussed. A 1 MJ, 160 TW rf linac - accumulator system reference design is described, and a status report on the experimental program is given

  4. 42 CFR 447.64 - Alternative premiums, enrollment fees, or similar fees: State plan requirements.

    Science.gov (United States)

    2010-10-01

    ... sharing rules that could place families at risk of reaching the total aggregate limit for premiums and... notice of, time frame for, and manner of required premium payments for a group or groups of...

  5. Price premium of organic salmon in Danish retail sale

    DEFF Research Database (Denmark)

    Ankamah Yeboah, Isaac; Nielsen, Max; Nielsen, Rasmus

    2016-01-01

    The year 2016 will be pivotal for organic aquaculture producers in EU, because it represents the deadline for implementing the complete organic life cycle in aquaculture production. Depending on the sturdiness of farms already producing, such a shift in the industry may affect production costs of...... exclusively using organic fry for production. If the profitability of the primary organic aquaculture producers should be maintained, then farmers must be able to correspondingly receive higher prices, transmitted through the value chain from the retail market. This study identifies the price premium for...... organic salmon in Danish retail sale using consumer panel scanner data from households by applying a random effect hedonic price model that permits unobserved household heterogeneity. A price premium of 20% was identified for organic salmon. The magnitude of this premium is comparable to organic labeled...

  6. Experience Studies on Determining Life Premium Insurance Ratings: Practical Approaches

    Directory of Open Access Journals (Sweden)

    Mirela CRISTEA

    2008-01-01

    Full Text Available The focus of this article is to present the modelling tehcniques used on international practice in the evaluation of right life premiums based. The knowledge and models obtained have a common element of mortality risk indicators but these are varied in different parts of the world. The common elements of these studies and models are generally based on a series of indicators which mainly point out their probability of survival and they are named the mortality indicators. These indicators represent the basis for the calculation of the premiums quotes and for the elaboration by the insurers of premium tables. The benefit for the policyholder is to obtain insurance at a fair and competitive price and for the insurer, to maintain the experience of its portfolio in line with mortality assumptions.

  7. Business Cycle and Risk Premium in the Colombian Stock Market

    Directory of Open Access Journals (Sweden)

    Andrés Mauricio Gómez Sánchez

    2013-11-01

    Full Text Available Through the Hodrick-Prescott methodology this paper presents a review about the relationship between the ex post risk premium of the stock market and business cycles observed in Colombia. Through quarterly information from the fourth quarter of 2001 to the third quarter of 2012, statistical evidence shows that the increase and decrease of ex post risk premium follow a countercyclical behavior in tune with existing research conducted about the United States and emerging economies, although with non-contemporary relationships with private consumption. In addition, it is found that in the last decade the Colombian risk premium follows a process of Auto Regressive Moving Average Models (ARMA, showing that there is no variation in at least two consecutive quarters and whose behavior is generated in part by external events at the domestic economic activity level experienced in near past periods.

  8. Quantile regression modeling for Malaysian automobile insurance premium data

    Science.gov (United States)

    Fuzi, Mohd Fadzli Mohd; Ismail, Noriszura; Jemain, Abd Aziz

    2015-09-01

    Quantile regression is a robust regression to outliers compared to mean regression models. Traditional mean regression models like Generalized Linear Model (GLM) are not able to capture the entire distribution of premium data. In this paper we demonstrate how a quantile regression approach can be used to model net premium data to study the effects of change in the estimates of regression parameters (rating classes) on the magnitude of response variable (pure premium). We then compare the results of quantile regression model with Gamma regression model. The results from quantile regression show that some rating classes increase as quantile increases and some decrease with decreasing quantile. Further, we found that the confidence interval of median regression (τ = O.5) is always smaller than Gamma regression in all risk factors.

  9. PREMIUM RATES FOR YIELD GUARANTEE AND INCOME PROTECTION CROP INSURANCE FOR GEORGIA AND SOUTH CAROLINA PEACHES

    OpenAIRE

    Miller, Stephen E.; Kahl, Kandice H.; Rathwell, P. James

    1999-01-01

    We estimate actuarially sound premium rates for individual yield guarantee and income protection crop insurance products for Georgia and South Carolina peaches. In most cases, the premium rate for an income protection product equals or exceeds the premium rate for an individual yield guarantee product for a given coverage level and average farm yield. Although the premium rates for the two products differ in a statistical sense, they do not appear to differ in an economic sense except at high...

  10. Preliminary characterization of the 100 area at Argonne National Laboratory

    International Nuclear Information System (INIS)

    This characterization report is based on the results of sampling and an initial environmental assessment of the 100 Area of Argonne National Laboratory. It addresses the current status, projected data requirements, and recommended actions for five study areas within the 100 Area: the Lime Sludge Pond, the Building 108 Liquid Retention Pond, the Coal Yard, the East Area Burn Pit, and the Eastern Perimeter Area. Two of these areas are solid waste management units under the Resource Conservation and Recovery Act (the Lime Sludge Pond and the Building 108 Liquid Retention Pond); however, the Illinois Environmental Protection Agency has determined that no further action is necessary for the Lime Sludge Pond. Operational records for some of the activities were not available, and one study area (the East Area Burn Pit) could not be precisely located. Recommendations for further investigation include sample collection to obtain the following information: (1) mineralogy of major minerals and clays within the soils and underlying aquifer, (2) pH of the soils, (3) total clay fraction of the soils, (4) cation exchange capacity of the soils and aquifer materials, and (5) exchangeable cations of the soils and aquifer material. Various other actions are recommended for the 100 Area, including an electromagnetic survey, sampling of several study areas to determine the extent of contamination and potential migration pathways, and sampling to determine the presence of any radionuclides. For some of the study areas, additional actions are contingent on the results of the initial recommendations

  11. Identifying the non-normality premium of an investment

    OpenAIRE

    Matthew Hood; Nofsinger, John R.; Kenneth Small

    2009-01-01

    Purpose – The purpose of this paper is to introduce a non-normality premium (NNP) to identify the extra return that will compensate an investor for a non-normal return distribution. The NNP quantifies the economic significance of non-normality to complement a statistical significance test of non-normality, such as the Jarque-Bera test. Design/methodology/approach – The NNP is patterned after the risk premium, the amount that compensates an investor for the risk of an investment. The theoretic...

  12. Common Currency and Determinants of Government Bond Risk Premiums

    OpenAIRE

    Grzegorz Poniatowski

    2014-01-01

    The problem of governments’ over-indebtedness is one of the most important challenges for today’s EMU governance. As numbers suggest, the problem of extensive deficits has appeared in the EMU long before the burst of the global financial crisis. We suspect that the membership in a currency area might be partially blamed for such progression of indebtedness. This paper examines the determinants of government risk premiums in the EU Member States to answer if the risk premium assigned by the ma...

  13. Is there a 'marriage premium' for gay men?

    OpenAIRE

    ZAVODNY, MADELINE

    2007-01-01

    It is well-known that married men earn more than comparable single men, with typical estimates of the male marriage premium in the range of 10 to 20 percent. Some research also finds that cohabiting men earn more than men not living with a female partner. This study uses data from the General Social Survey and the National Health and Social Life Survey to examine whether a similar premium accrues to gay men who live with a male partner and whether cohabiting gay men have different observable ...

  14. Car Age, Taxation, Scrappage Premiums and the ELV Directive

    OpenAIRE

    Sandström, F. Mikael

    2003-01-01

    A chain of replacement model is used to examine the effects of automobile taxes and of a scrappage premium on the life length of cars, and on the size of the car fleet. The predictions of the model are tested on data on the scrappage of cars in Sweden 1989-2002. The theoretical model predicts that increased taxes on the purchase of cars should increase the life length of cars, and reduce the number of cars. A scrappage premium would have the opposite effects. Changes in periodic taxes would h...

  15. 29 CFR 4007.12 - Liability for single-employer premiums.

    Science.gov (United States)

    2010-07-01

    ... 29 Labor 9 2010-07-01 2010-07-01 false Liability for single-employer premiums. 4007.12 Section... PAYMENT OF PREMIUMS § 4007.12 Liability for single-employer premiums. (a) The designation under this part... and payments under this part for a single-employer plan is a procedural requirement only and does...

  16. 75 FR 54400 - Submission of Information Collections for OMB Review; Comment Request; Payment of Premiums...

    Science.gov (United States)

    2010-09-07

    ... approved the termination premium collection of information (Form T and instructions) under control number... valid OMB control number. PBGC assumes that termination premium filings will be made with respect to one...; Termination Premium AGENCY: Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension...

  17. 78 FR 69140 - Submission of Information Collections for OMB Review; Comment Request; Payment of Premiums...

    Science.gov (United States)

    2013-11-18

    ... approved the termination premium collection of information (Form T and instructions) under control number...; Termination Premium AGENCY: Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension of..., of the collection of information for the termination premium under its regulation on Payment...

  18. 77 FR 27099 - Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums

    Science.gov (United States)

    2012-05-08

    ... valid OMB control number. PBGC estimates that it will receive 29,900 premium filings per year from 24... information under its regulation on Payment of Premiums (OMB control number 1212-0007; expires December 31...-8339 and ask to be connected to 202-326-4040.) The premium payment regulation and the...

  19. 77 FR 4839 - Proposed Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums

    Science.gov (United States)

    2012-01-31

    ... the collection of information under its regulation on Payment of Premiums (OMB control number 1212... 1 (800) 877-8339 and ask to be connected to (202) 326-4040.) The premium payment regulation and the premium instructions (including illustrative forms) for 2012 are available at www.pbgc.gov . FOR...

  20. 12 CFR 741.4 - Insurance premium and one percent deposit.

    Science.gov (United States)

    2010-01-01

    ... premium amount to reflect the remaining number of months in that calendar year. The credit union will be.... Premium/distribution ratio means the number of full remaining months in the calendar year following the... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Insurance premium and one percent deposit....

  1. 75 FR 62184 - Notification of United States Mint Silver Eagle Bullion Coin Premium Increase

    Science.gov (United States)

    2010-10-07

    ... United States Mint Notification of United States Mint Silver Eagle Bullion Coin Premium Increase ACTION: Notification of United States Mint Silver Eagle Bullion Coin Premium Increase. SUMMARY: The United States Mint... program authorized under 31 U.S.C. 5112(e). The United States Mint will increase the premium charged...

  2. 26 CFR 1.822-3 - Amortization of premium and accrual of discount.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Amortization of premium and accrual of discount... Perpetual Policies Or Premium Deposits) § 1.822-3 Amortization of premium and accrual of discount. Section... discount, attributable to the taxable year, on bonds, notes, debentures or other evidences of...

  3. 26 CFR 1.822-7 - Amortization of premium and accrual of discount.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Amortization of premium and accrual of discount... Perpetual Policies Or Premium Deposits) § 1.822-7 Amortization of premium and accrual of discount. Section... discount, attributable to the taxable year, on bonds, notes, debentures, or other evidences of...

  4. 24 CFR 4001.203 - Calculation of upfront and annual mortgage insurance premiums for Program mortgages.

    Science.gov (United States)

    2010-04-01

    ... mortgage insurance premiums for Program mortgages. 4001.203 Section 4001.203 Housing and Urban Development....203 Calculation of upfront and annual mortgage insurance premiums for Program mortgages. (a) Applicable premiums. Any mortgage presented for endorsement under section 257 on or after October 1,...

  5. 5 CFR 892.102 - What is premium conversion and how does it work?

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 2 2010-01-01 2010-01-01 false What is premium conversion and how does it work? 892.102 Section 892.102 Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT (CONTINUED... PREMIUMS Administration and General Provisions § 892.102 What is premium conversion and how does it...

  6. 46 CFR 308.547 - Application for return premium, Form MA-317.

    Science.gov (United States)

    2010-10-01

    ... 46 Shipping 8 2010-10-01 2010-10-01 false Application for return premium, Form MA-317. 308.547... RISK INSURANCE War Risk Cargo Insurance Iii-Facultative War Risk Cargo Insurance § 308.547 Application for return premium, Form MA-317. An application for the return of premium must be filed in...

  7. 46 CFR 308.527 - Application for return premium, Form MA-307.

    Science.gov (United States)

    2010-10-01

    ... 46 Shipping 8 2010-10-01 2010-10-01 false Application for return premium, Form MA-307. 308.527... RISK INSURANCE War Risk Cargo Insurance Ii-Open Policy War Risk Cargo Insurance § 308.527 Application for return premium, Form MA-307. An application for the return of premium, which may be obtained...

  8. 14 CFR 198.15 - Non-premium insurance-payment of registration binders.

    Science.gov (United States)

    2010-01-01

    ... OF TRANSPORTATION (CONTINUED) WAR RISK INSURANCE AVIATION INSURANCE § 198.15 Non-premium insurance... 14 Aeronautics and Space 3 2010-01-01 2010-01-01 false Non-premium insurance-payment of...-premium insurance must be accompanied by the proper binder, payable to the FAA. A binder is not...

  9. COAL DERIVED MATRIX PITCHES FOR CARBON-CARBON COMPOSITE MANUFACTURE/PRODUCTION OF FIBERS AND COMPOSITES FROM COAL-BASED PRECURSORS

    Energy Technology Data Exchange (ETDEWEB)

    Peter G. Stansberry; John W. Zondlo

    2001-07-01

    The Consortium for premium Carbon Products from Coal, with funding from the US Department of Energy, National Energy Technology Laboratory continue with the development of innovative technologies that will allow coal or coal-derived feedstocks to be used in the production of value-added carbon materials. In addition to supporting eleven independent projects during budget period 3, three meetings were held at two separate locations for the membership. The first was held at Nemacolin Woodlands Resort on May 15-16, 2000. This was followed by two meetings at Penn State, a tutorial on August 11, 2000 and a technical progress meeting on October 26-27.

  10. COAL GEOLOGY

    Institute of Scientific and Technical Information of China (English)

    2014-01-01

    <正>20141574 Chen Hao(Exploration and Development Research Institute,Daqing Oilfield Company,Daqing 163712,China)High-Resolution Sequences and Coal Accumulating Laws in Nantun Formation of Huhe Lake Sag(Petroleum Geology&Oilfield Development in Daqing,ISSN1000-3754,CN23-1286/TQ,32(4),2013,p.15-19,5 illus.,15 refs.)Key words:coal accumulation regularity,coal

  11. Coal - 96

    International Nuclear Information System (INIS)

    The report deals mainly with coal consumption, but also gives some information about technology, environmental aspects and markets. Data have been collected by questionnaires or via telephone. The use of steam coal for heating was 0.8 Mtons (down 20% from 1994). Cogeneration plants were the main users. Taxes and environmental reasons cause a reduction of the coal use that will probably continue the next years. Use of steam coal in industry has been constant at a level of 0.7 Mtons. The import of metallurgical coal rests constant at a level of 1.6 Mtons. 1.2 Mtons of coke was produced, and 0.3 Mtons imported. The PFBC-plant at Vaertan, Stockholm used 0.13 Mtons of coal, while some coal fired power plants have been converted to peat and wood fuels. The average price of steam coal imported to Sweden in 1995 was 333 SEK/ton, 6% higher than in 1994. The contract prices for delivery 1996 are about the same as at the end of 1995. All cogeneration plants have some sort of SO2 removal system, mostly wet-dry. The largest plant, at Vaesteraas, has recently invested in a SCR system for NOx removal. Most other plants are using low NOx burners or SNCR systems, based on ammonia or urea, which reduce the emissions 50 - 70%. Some statistic about the world coal market is also given in the report

  12. COAL GEOLOGY

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    <正>20110359 Feng Lijuan(Graduate School,Southwest Petroleum University,Chengdu 610500,China);Guo Dali Experimental Study on the Stress Sensitivity of Coal and Its Impact on the Filtration of the Fracturing Fluid(Coal Geology & Exploration,ISSN1001-1986,CN61-1155/P,38(2),2010,p.14-17,4 illus.,5 tables,9 refs.)Key words:coal seam,stressIn the paper,the relationship between the stress and permeability in the coal r

  13. Coal technology

    International Nuclear Information System (INIS)

    The coal- and gas-fueled cogeneration plants develop rapidly and according to all the scenarios will continue to grow with ever improving power generation effect in counterpressure mode. As there is no 'cooling water waste', a greater percentage of houses should be heated electrically. The coal combustion technologies mentioned here will probably converge around 53-55% coefficient of performance. Emission requirements can be fulfilled by use of modern coal technologies. Coal will stay as a competitive fuel for cogeneration as other more advanced technologies are often yet at the demonstration stage. (EG)

  14. Environmental monitoring at Argonne National Laboratory. Annual report for 1976

    Energy Technology Data Exchange (ETDEWEB)

    Golchert, N.W.; Duffy, T.L.; Sedlet, J.

    1977-03-01

    The results of the environmental monitoring program at Argonne National Laboratory for 1976 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, Argonne effluent water, soil, grass, bottom sediment, and foodstuffs; for a variety of chemical constituents in surface and Argonne effluent water; and of the environmental penetrating radiation dose. Sample collections and measurements were made at the site boundary and off the Argonne site for comparison purposes. Some on-site measurements were made to aid in the interpretation of the boundary and off-site data. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances (natural, fallout, Argonne, and other) and are compared with accepted environmental quality standards. The potential radiation dose to off-site population groups is also estimated.

  15. Environmental monitoring at Argonne National Laboratory. Annual report for 1978

    Energy Technology Data Exchange (ETDEWEB)

    Golchert, N W; Duffy, T L; Sedlet, J

    1979-03-01

    The results of the environmental monitoring program at Argonne National Laboratory for 1978 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, Argonne effluent water, soil, grass, bottom sediment, and foodstuffs; for a variety of chemical constituents in air, surface water, and Argonne effluent water; and of the environmental penetrating radiation dose. Sample collections and measurements were made at the site boundary and off the Argonne site for comparison purposes. Some on-site measurements wee made to aid in the interpretation of the boundary and off-site data. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances (natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. The potential radiation dose to off-site population groups is also estimated.

  16. Environmental monitoring at Argonne National Laboratory. Annual report for 1978

    International Nuclear Information System (INIS)

    The results of the environmental monitoring program at Argonne National Laboratory for 1978 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, Argonne effluent water, soil, grass, bottom sediment, and foodstuffs; for a variety of chemical constituents in air, surface water, and Argonne effluent water; and of the environmental penetrating radiation dose. Sample collections and measurements were made at the site boundary and off the Argonne site for comparison purposes. Some on-site measurements wee made to aid in the interpretation of the boundary and off-site data. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances (natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. The potential radiation dose to off-site population groups is also estimated

  17. Argonne plasma wake-field acceleration experiments

    International Nuclear Information System (INIS)

    Four years after the initial proposal of the Plasma Wake-field Accelerator (PWFA), it continues to be the object of much investigation, due to the promise of the ultra-high accelerating gradients that can exist in relativistic plasma waves driven in the wake of charged particle beams. These wake-fields are of interest both in the laboratory, for acceleration and focusing of electrons and positrons in future linear colliders, and in nature as a possible cosmic ray acceleration mechanism. The purpose of the present work is to review the recent experimental advances made in PWFA research at Argonne National Laboratory. Some of the topics discussed are: the Argonne Advanced Accelerator Test Facility; linear plasma wake-field theory; measurement of linear plasma wake-fields; review of nonlinear plasma wave theory; and experimental measurement of nonlinear plasma wake-fields. 25 refs., 11 figs

  18. The Relational Database Aspects of Argonne's ATLAS Control System

    OpenAIRE

    Quock, D. E. R.; Munson, F. H.; Eder, K. J.; Dean, S. L.

    2001-01-01

    The Relational Database Aspects of Argonnes ATLAS Control System Argonnes ATLAS (Argonne Tandem Linac Accelerator System) control system comprises two separate database concepts. The first is the distributed real-time database structure provided by the commercial product Vsystem [1]. The second is a more static relational database archiving system designed by ATLAS personnel using Oracle Rdb [2] and Paradox [3] software. The configuration of the ATLAS facility has presented a unique opportuni...

  19. A theoretical and practical perspective on the equity risk premium

    NARCIS (Netherlands)

    Salomons, Roelof

    2008-01-01

    In historical perspective, equity returns have been higher than interest rates but have also varied a good deal more. However, the average excess return has been larger than what could be expected based on classical equilibrium theory: the equity risk premium (ERP) puzzle. This paper has two objecti

  20. Workweeks of 41 Hours or More and Premium Pay.

    Science.gov (United States)

    Bureau of Labor Statistics (DOL), Washington, DC.

    The survey conducted in May, 1975 by the Bureau of Census showed that both the number of employees working more than the standard 40-hour workweek and the number receiving premium pay for hours in excess of the standard were substantially fewer than in the previous year. About 14.1 million wage and salary employees worked overtime in May, 1975…

  1. Let's Do It Again: Bagging Equity Premium Predictors

    DEFF Research Database (Denmark)

    Hillebrand, Eric Tobias; Lee, Tae-Hwy; Medeiros, Marcelo C.

    return problem. In an empirical application using the data set of Campbell, J., and S. Thompson (2008): “Predicting the Equity Premium Out of Sample: Can Anything Beat the Historical Average?”, Review of Financial Studies 21, 1511-1531, we show that we can improve the forecast performance further by...

  2. Interdependence of life insurance service quality and premium

    Directory of Open Access Journals (Sweden)

    Dragan Benazić

    2006-12-01

    Full Text Available Insurance companies in Croatia feel the need to find new sources of competitive advantage on the Croatian life insurance market amid increasing competition and a poorly profiled offer of life insurance services. Lately, both marketing literature and practice seem to point to the shaping of a relationship between service quality and price as a possible solution to improving the position of insurance companies on the Croatian market. In providing life insurance services, the insurance companies should focus on the quality elements that offer certain benefits a client is willing to pay for. Changes in individual quality features have been evaluated differently by clients. Such differences in their evaluation of changes in the individual elements of service quality also reflect the willingness of clients to pay a suitable increase on their insurance premium. Improvements in the service quality features that are subjectively evaluated as important should lead to the client’s acceptance of a higher life insurance premium. The paper considers the interdependence between the quality of life insurance services and the premium from the aspect of the client’s willingness to pay a higher life insurance premium for a higher service quality.

  3. 77 FR 41270 - Health Insurance Premium Tax Credit

    Science.gov (United States)

    2012-07-13

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Parts 1 and 602 RIN 1545-BJ82 Health Insurance Premium Tax Credit Correction In rule document 2012-12421 appearing on pages 30377-30400 in the issue of Wednesday, May 23,...

  4. 78 FR 7264 - Health Insurance Premium Tax Credit

    Science.gov (United States)

    2013-02-01

    ...-131491-10) was published in the Federal Register (76 FR 50931). On May 23, 2012, final regulations (TD 9590) were published in the Federal Register (77 FR 30377). The final regulations reserved a rule (Sec... Internal Revenue Service 26 CFR Part 1 RIN 1545-BL49 Health Insurance Premium Tax Credit AGENCY:...

  5. Foreign exchange risk premium determinants: case of Armenia

    Czech Academy of Sciences Publication Activity Database

    Poghosyan, Tigran; Kočenda, E.

    -, č. 811 (2006), s. 1-17 R&D Projects: GA MŠk LC542 Institutional research plan: CEZ:AV0Z70850503 Keywords : “forward premium” puzzle * exchange rate risk * time-varying risk premium Subject RIV: AH - Economics http://www.wdi.umich.edu/files/Publications/WorkingPapers/wp811.pdf

  6. Foreign exchange risk premium determinants: case of Armenia

    Czech Academy of Sciences Publication Activity Database

    Poghosyan, Tigran; Kočenda, Evžen

    -, č. 297 (2006), s. 1-37. ISSN 1211-3298 Institutional research plan: CEZ:AV0Z70850503 Keywords : “forward premium” puzzle * exchange rate risk * time-varying risk premium Subject RIV: AH - Economics http://www.cerge-ei.cz/pdf/wp/Wp297.pdf

  7. Premium small car demand,not rising in China

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    <正>A growing number of worldwide car makers are focusing on making premium or luxury small cars. These cars ensure sales income, stabilize their market share and they are a good reflection of a civic-oriented society. But why these kinds of cars are unable to create market demand in China where resources supply is tougher than in most countries.

  8. 24 CFR 221.254 - Mortgage insurance premiums.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Mortgage insurance premiums. 221... HOUSING AND URBAN DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES LOW COST AND MODERATE INCOME MORTGAGE INSURANCE-SAVINGS CLAUSE Contract Rights and...

  9. 26 CFR 1.848-2 - Determination of net premiums.

    Science.gov (United States)

    2010-04-01

    ... (CONTINUED) INCOME TAXES Other Insurance Companies § 1.848-2 Determination of net premiums. (a) Net premiums—(1) In general. An insurance company must use the accrual method of accounting (as prescribed by... separate indemnity reinsurance agreements with unrelated insurance companies (L2, L3, L4, and L5)....

  10. 24 CFR 213.256 - Premiums; insurance upon completion.

    Science.gov (United States)

    2010-04-01

    ...; insurance upon completion. (a) Management and Sales Types and Investor Sponsored Projects. (1) Where the... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Premiums; insurance upon completion... HOUSING AND URBAN DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND...

  11. Materials technology at Argonne National Laboratory

    Energy Technology Data Exchange (ETDEWEB)

    Betten, P.

    1989-01-01

    Argonne is actively involved in the research and development of new materials research and development (R D). Five new materials technologies have been identified for commercial potential and are presented in this paper as follows: (1) nanophase materials, (2) nuclear magnetic resonance (NMR) imaging of ceramics, (3) superconductivity developments and technology transfer mechanisms, and (4) COMMIX computer code modeling for metal castings, and (5) tribology using ion-assisted deposition (IAB). 4 refs., 7 figs., 1 tab.

  12. Materials technology at Argonne National Laboratory

    International Nuclear Information System (INIS)

    Argonne is actively involved in the research and development of new materials research and development (R ampersand D). Five new materials technologies have been identified for commercial potential and are presented in this paper as follows: (1) nanophase materials, (2) nuclear magnetic resonance (NMR) imaging of ceramics, (3) superconductivity developments and technology transfer mechanisms, and (4) COMMIX computer code modeling for metal castings, and (5) tribology using ion-assisted deposition (IAB). 4 refs., 7 figs., 1 tab

  13. National coal utilization assessment. An integrated assessment of increased coal use in the Midwest: impacts and constraints

    Energy Technology Data Exchange (ETDEWEB)

    Hoover, L. John

    1977-10-01

    This study was performed as a part of the Argonne National Laboratory Regional Studies program, which is sponsored by the Department of Energy. The purpose is to assess the impacts and consequences associated with alternative energy options on a regional basis, and to identify and analyze alternative mitigation and solution strategies for increasing the acceptability of these options. The National Coal Utilization Assessment is being conducted as a part of the Regional Studies Program. This particular study is focusing on impacts and constraints on increased coal utilization. In addition, a major focal point for the study is the identification and analysis of alternative solution strategies applicable to these constraints and problems.

  14. COAL GEOLOGY

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    <正>20111830 Cai Hou’an(State Key Laboratory of Coal Resources and Safety Mining,China University of Mining and Technology,Beijing 100083,China);Xu Debin The Discovery of Thrust Nappe Structure in Zhangwu-Heishan Area,Liaoning Province and Its Significance for Coal-Searching(Coal Geology & Exploration,ISSN1001-1986,CN61-1155/P,38(5),2010,p.1-6,5 illus.,31 refs.)Key words:coalfield prediction,nappe structure,Liaoning Province Zhangwu-Heishan area in west Liaoning Province is an important perspective area for alternative resources in the periphery of Fuxin Basin.Based on r

  15. COAL GEOLOGY

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    <正>20122522 Guo Dongxin ( School of Energy Resource,China University of Geosciences,Bei-jing 100083,China );Tang Shuheng Sequence Strata and the Coal Accumulation of Wunite Coafield,Inner Mongolia ( Coal Geology & Exploration,ISSN1001-1986,CN61-1155 / P,39 ( 6 ), 2011,p.1-5,5illus.,16refs. ) Key words:sequence stratigraphy,coal accumulation regularity,Inner Mongolia Based on the study of the stratigraphy sequence of the Bayanhua Formation of Lower Cretaceous in Wunite coafield ,

  16. Recent developments in the target facilities at Argonne National Laboratory

    International Nuclear Information System (INIS)

    A description is given of recent developments in the target facility at Argonne National Laboratory. Highlights include equipment upgrades which enables us to provide enhanced capabilities for support of the Argonne Heavy-Ion ATLAS Accelerator Project. Also future plans and additional equipment acquisitions will be discussed. 3 refs., 3 tabs

  17. Description of the Argonne National Laboratory target making facility

    International Nuclear Information System (INIS)

    A description is given to some recent developments in the target facility at Argonne National Laboratory. Highlights include equipment upgrades which enable us to provide enhanced capabilities for support of the Argonne Heavy-Ion ATLAS Accelerator Program. Work currently in progress is described and future prospects discussed. 8 refs

  18. Environmental monitoring at Argonne National Laboratory. Annual report for 1982

    International Nuclear Information System (INIS)

    The results of the environmental monitoring program at Argonne Ntaional Laboratory for 1982 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, soil, grass, bottom sediment, and milk; for a variety of chemical constituents in air, surface water, ground water, and Argonne effluent water; and of the environmental penetrating radiation dose. Sample collections and masurements were made at the site boundary and off the Argonne site for comparison purposes. Some on-site measurements were made to aid in the interpretation of the boundary and off-site data. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances (natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. The potential radiation dose to off-site population groups is also estimated

  19. Environmental monitoring at Argonne National Laboratory. Annual report for 1983

    International Nuclear Information System (INIS)

    The results of the environmental monitoring program at Argonne National Laboratory for 1983 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, soil, grass, bottom sediment, and milk; for a variety of chemical constituents in air, surface water, ground water, and Argonne effluent water; and of the environmental penetrating radiation dose. Sample collections and measurements were made at the site boundary and off the Argonne site for comparison purposes. Some on-site measurements were made to aid in the interpretation of the boundary and off-site data. The potential radiation dose to off-site population groups is also estimated. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances (natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. 19 references, 8 figures, 49 tables

  20. Environmental monitoring at Argonne National Laboratory. Annual report for 1980

    Energy Technology Data Exchange (ETDEWEB)

    Golchert, N. W.; Duffy, T. L.; Sedlet, J.

    1981-03-01

    The results of the environmental monitoring program at Argonne National Laboratory for 1980 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, soil, grass, bottom sediment, and foodstuffs; for a variety of chemical constituents in air, surface water, and Argonne effluent water; and of the environmental penetrating radiation dose. Sample collections and measurements were made at the site boundary and off the Argonne site for comparison purposes. Some on-site measurements were made to aid in the interpretation of the boundary and off-site data. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances (natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. The potential radiation dose to off-site population groups is also estimated.

  1. Environmental monitoring at Argonne National Laboratory. Annual report for 1984

    International Nuclear Information System (INIS)

    The results of the environmental monitoring program at Argonne National Laboratory for 1984 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, ground water, soil, grass, bottom sediment, and milk; for a variety of chemical constituents in surface water, ground water, and Argonne effluent water; and of the environmental penetrating radiation dose. Sample collections and measurements were made on the site, at the site boundary, and off the Argonne site for comparison purposes. The potential radiation dose to off-site population groups is also estimated. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances (natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. 20 refs., 8 figs., 46 tabs

  2. Environmental monitoring at Argonne National Laboratory. Annual report for 1983

    Energy Technology Data Exchange (ETDEWEB)

    Golchert, N.W.; Duffy, T.L.; Sedlet, J.

    1984-03-01

    The results of the environmental monitoring program at Argonne National Laboratory for 1983 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, soil, grass, bottom sediment, and milk; for a variety of chemical constituents in air, surface water, ground water, and Argonne effluent water; and of the environmental penetrating radiation dose. Sample collections and measurements were made at the site boundary and off the Argonne site for comparison purposes. Some on-site measurements were made to aid in the interpretation of the boundary and off-site data. The potential radiation dose to off-site population groups is also estimated. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances (natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. 19 references, 8 figures, 49 tables.

  3. Environmental monitoring at Argonne National Laboratory. Annual report, 1981

    International Nuclear Information System (INIS)

    The results of the environmental monitoring program at Argonne National Laboratory for 1981 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, soil, grass, bottom sediment, and milk; for a variety of chemical constituents in air, surface water, and Argonne effluent water; and of the environmental penetrating radiation dose. Sample collections and measurements were made at the site boundary and off the Argonne site for comparison purposes. Some on-site measurements were made to aid in the interpretation of the boundary and off-site data. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances (natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. The potential radiation dose to off-site population groups is also estimated

  4. Environmental monitoring at Argonne National Laboratory. Annual report, 1981

    Energy Technology Data Exchange (ETDEWEB)

    Golchert, N.W.; Duffy, T.L.; Sedlet, J.

    1982-03-01

    The results of the environmental monitoring program at Argonne National Laboratory for 1981 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, soil, grass, bottom sediment, and milk; for a variety of chemical constituents in air, surface water, and Argonne effluent water; and of the environmental penetrating radiation dose. Sample collections and measurements were made at the site boundary and off the Argonne site for comparison purposes. Some on-site measurements were made to aid in the interpretation of the boundary and off-site data. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances (natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. The potential radiation dose to off-site population groups is also estimated.

  5. Environmental monitoring at Argonne National Laboratory. Annual report for 1980

    International Nuclear Information System (INIS)

    The results of the environmental monitoring program at Argonne National Laboratory for 1980 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, soil, grass, bottom sediment, and foodstuffs; for a variety of chemical constituents in air, surface water, and Argonne effluent water; and of the environmental penetrating radiation dose. Sample collections and measurements were made at the site boundary and off the Argonne site for comparison purposes. Some on-site measurements were made to aid in the interpretation of the boundary and off-site data. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances (natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. The potential radiation dose to off-site population groups is also estimated

  6. Environmental monitoring at Argonne National Laboratory. Annual report for 1979

    International Nuclear Information System (INIS)

    The results of the environmental monitoring program at Argonne National Laboratory for 1979 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, Argonne effluent water, soil, grass, bottom sediment, and foodstuffs; for a variety of chemical constituents in air, surface water, and Argonne effluent water; and of the environemetal penetrating radiation dose. Sample collections and measurements were made at the site boundary and off the Argonne site for comparison purposes. Some on-site measuremenets were made to aid in the interpretation of the boundary and off-site data. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances and are compared with applicable environmental quality standards. The potential radiation dose to off-site population groups is also estimated

  7. Financial crisis and market risk premium: Identifying multiple structural changes

    Directory of Open Access Journals (Sweden)

    Juan J. García-Machado

    2011-03-01

    Full Text Available The relationship between macroeconomic variables and stock market returns is, by now, well-documented in the literature. However, in this article we examine the long-run relationship between stock and bond markets returns over the period from 1991:11 to 2009:11, using Bai and Perron’s multiple structural change approach. Findings indicate that while the market risk premium is usually positive, periods with negative values appear only in three periods (1991:1-1993:2, 1998:3-2002:2 and from 2007:1-2009:11 leading to changes in the GDP evolution. Thereby, the study shows the presence of structural breaks in the Spanish market risk premium and its relationship with business cycle. These findings contribute to a better understanding of close linkages between the financial markets and the macroeconomic variables such as GDP. Implications of the study and suggestions for future research are provided.

  8. Risk premium in the UK natural gas forward market

    International Nuclear Information System (INIS)

    This report investigates the UK natural gas market, and tests whether it is a fair-game efficient forward market, using forward contracts ranging from one to five months time to delivery. The forward and spot price series are separately non-stationary, but cointegrated. Furthermore, the forward prices are biased predictors of both the future spot and the 1-month-ahead forward price. The risk premium on the forward prices is positive, as opposed to the US gas market, where the risk premium was found to be negative in similar work. Moreover, the analysis reveals that the storage model is an incomplete model for the relationship between the spot and forward prices. However, storage has a clear effect on this relationship, an effect that appears to be non-linear. (author)

  9. TOXIC SUBSTANCES FROM COAL COMBUSTION

    Energy Technology Data Exchange (ETDEWEB)

    A KOLKER; AF SAROFIM; CL SENIOR; FE HUGGINS; GP HUFFMAN; I OLMEZ; J LIGHTY; JOL WENDT; JOSEPH J HELBLE; MR AMES; N YAP; R FINKELMAN; T PANAGIOTOU; W SEAMES

    1998-12-08

    carried out during August at the Advanced Photon Source (APS), the new synchrotron facility at Argonne National Laboratory, Chicago, IL. Further analysis of small-scale combustion experiments conducted at PSI in Phase I was completed this quarter. The results of these experiments for the first time suggest almost complete vaporization of certain trace elements (Se, Zn) from coal combustion in the flame zone, in accordance with theoretical equilibrium predictions. Other elements (As, Sb, Cr) appeared considerably less volatile and may react with constituents in the bulk ash at combustion temperatures. The combustion section of the University of Arizona's Downflow Combustor was completely rebuilt. The University of Utah worked on setting up EPA Method 26A to give the capability to measure chlorine in flue gas. The chlorine kinetic calculations performed as part of the Phase I program were found to have an error in the initial conditions. Therefore, the calculations were re-done this quarter with the correct starting conditions. Development of a quasi-empirical emissions model based on reported emissions of particulate matter from field measurements was continued this quarter. As a first step in developing the ToPEM, we developed a sub-model that calculates the evaporation of major elements (Na, K, Fe, Si, Al, Ca and Mg) from both inherent and extraneous minerals of coal. During this quarter, this sub-model was included into EMAF, which formed the ToPEM. Experimental data from the Phase I program were used to test and modify the sub-model and the ToPEM.

  10. The Argonne Wakefield Accelerator: Overview and status

    International Nuclear Information System (INIS)

    The Argonne Wakefield Accelerator (AWA) is a new facility for advanced accelerator research, with a particular emphasis on studies of high gradient (∼100 MeV/m) wakefield acceleration. A novel high current short pulse L-Band photocathode and preaccelerator will provide 100 nC electron bunches at 20 MeV to be used as a drive beam, while a second high brightness gun will be used to generate a 5 MeV witness beam for wakefield measurements. We will present an overview of the various AWA systems, the status of construction, and initial commissioning results

  11. COAL GEOLOGY

    Institute of Scientific and Technical Information of China (English)

    2013-01-01

    <正>20132555 Bao Yuan(School of Resources and Geosciences,China University of Mining and Technology,Xuzhou 221008,China);Wei Chongtao Simulation of Geological Evolution History of the Upper Permian Coal Seam No.8in Shuigonghe Syncline,Zhina Coalfield,Guizhou Province(Coal Geology&Exploration,ISSN1001-1986,CN61-1155/P,40(6),2012,p.13-16,23,1illus.,1table,17refs.)

  12. Sovereign Risk Premiums in the European Government Bond Market

    OpenAIRE

    Bernoth, Kerstin; von Hagen, Jürgen; Schuknecht, Ludger

    2006-01-01

    This paper provides a study of bond yield differentials among EU government bonds issued between 1993 and 2005 on the basis of a unique dataset of issue spreads in the US and DM (Euro) bond market. Interest differentials between bonds issued by EU countries and Germany or the USA contain risk premiums which increase with fiscal imbalances and depend negatively on the issuer's relative bond market size. The start of the European Monetary Union has shifted market attention to debt service payme...

  13. OCTG Premium Threaded Connection 3D Parametric Finite Element Model

    OpenAIRE

    Ahsan, Nabeel

    2016-01-01

    Full 360 degree 3D finite element models are the most complete representation of Oil Country Tubular Goods (OCTG) premium threaded connections. Full 3D models can represent helical threads and boundary conditions required to simulate make-up and service loading. A methodology is developed to create a 360 degree full 3D parametric finite element model with helical threads as an effective design and analysis tool. The approach is demonstrated with the creation of a metal-to-metal seal integral ...

  14. Do Demographic Changes Affect Risk Premiums? Evidence from International Data

    OpenAIRE

    Ang, Andrew; Maddaloni, Angela

    2003-01-01

    We examine the link between equity risk premiums and demographic changes using a very long sample over the whole twentieth century for the US, Japan, UK, Germany and France, and a shorter sample covering the last third of the twentieth century for fifteen countries. We find that demographic variables significantly predict excess returns internationally. However, the demographic predictability found in the US by past studies for the average age of the population does not extend to other countr...

  15. Global Variance Risk Premium and Forex Return Predictability

    OpenAIRE

    Aloosh, Arash

    2014-01-01

    In a long-run risk model with stochastic volatility and frictionless markets, I express expected forex returns as a function of consumption growth variances and stock variance risk premiums (VRPs)—the difference between the risk-neutral and statistical expectations of market return variation. This provides a motivation for using the forward-looking information available in stock market volatility indices to predict forex returns. Empirically, I find that stock VRPs predict forex returns at a ...

  16. Effects of Health Information Technology on Malpractice Insurance Premiums

    OpenAIRE

    Kim, Hye Yeong; Lee, Jinhyung

    2015-01-01

    Objectives The widespread adoption of health information technology (IT) will help contain health care costs by decreasing inefficiencies in healthcare delivery. Theoretically, health IT could lower hospitals' malpractice insurance premiums (MIPs) and improve the quality of care by reducing the number and size of malpractice. This study examines the relationship between health IT investment and MIP using California hospital data from 2006 to 2007. Methods To examine the effect of hospital IT ...

  17. Education Policy, Occupation-Mismatch and the Skill Premium

    OpenAIRE

    Francesc Obiols-Homs; Virginia Sánchez-Marcos

    2015-01-01

    A relatively low tertiary education wage premium and a large occupational mismatch are two salient features of the Spanish labor market that distinguish it with respect to the labor markets in other developed countries. In this paper we provide an equilibrium model of the labor market with frictions in which workers are heterogeneous in terms of ability and education. We specifically model an education policy as delivering either a particular selection of individuals into the tertiary educati...

  18. The Equity Premium and Inflation: Evidence from the US

    OpenAIRE

    Samih Antoine Azar

    2015-01-01

    There is recent and strong evidence that nominal stock returns are independent of inflation. In what amounts to the same thing, when real stock returns are regressed on inflation the resulting estimated coefficient on inflation is negative and unitary. These two propositions are mathematically equivalent. The purpose of this paper is to show that the market stock return is also independent of expected inflation, as measured by the T-bill rate. Firstly, regressions of the equity premium on inf...

  19. Size Value and Asset Quality Premium in European Banking Stocks

    OpenAIRE

    Mirza, Nawazish; Alexandre, Herve

    2010-01-01

    Banking firms exhibit unique business and financial dynamics that are priced in their stock returns. This paper compares traditional empirical asset pricing models on portfolio of banking firms from fourteen European countries and proposes a banking specific risk factor. We compared a single factor CAPM with three factors Fama and French model on exchange rate adjusted returns and found substantial support for firm specific factors of size and value. We propose that asset quality premium (pro...

  20. Education race, supply of skills and the wage skill premium

    OpenAIRE

    LG. Deidda; Paolini, D.

    2012-01-01

    We model a competitive labor market populated by workers who are heterogeneous in wealth and skills, in which education plays a signaling role. We show that whenever the accumulation of factors of production such has technology results in a wider wage premium for skills over time – as it might happen under skill biased technological progress – the investment in education needed to sustain a talent separating equilibrium, in which skilled workers are able to perfectly signal their skills, also...

  1. The equity premium in finance and valuation textbooks

    OpenAIRE

    Fernandez, Pablo

    2008-01-01

    This paper is a review of the recommendations about the equity premium found in the main finance and valuation textbooks. We review several editions of books written by authors such as Brealey and Myers; Copeland, Koller and Murrin (McKinsey); Ross, Westerfield and Jaffe; Bodie, Kane and Marcus; Damodaran; Copeland and Weston; Van Horne; Bodie and Merton; Stowe et al.; Pratt; Penman; Bruner; Weston & Brigham; and Arzac. We highlight the confusing message the textbooks convey regarding the equ...

  2. The Precautionary Premium and the Risk-Downside Risk Tradeoff

    OpenAIRE

    Wang, X H; Carmen Menezes

    2002-01-01

    This paper shows that the precautionary premium embodies a tradeoff between risk and downside risk. It is the size of a mean-preserving spread for thish the strength of aversion to risk just offsets the strength of aversion to downside risk. Using this result, decreasing absolute prudence can be interpreted as meaning that the amount of exposure to risk (as measured by a spread) for which aversion to risk just offsets aversion to downside risk decreases as wealth increases. This happens when ...

  3. The equity premium and the allocation of income risk

    OpenAIRE

    Jean-Pierre Danthine; John B. DONALDSON; Rajnish Mehra

    2010-01-01

    This paper examines the extent to which the equity premium puzzle can be resolved by taking account of the fact that stockholders bear a disproportionate share of output uncertainty. We do this in the context of a non-Walrasian RBC model where risk reallocation is justified by borrowing restrictions. The risk shifting mechanism we propose has the same effect as would arise from a substantial increase in the risk aversion parameter of the representative agent. As with more standard RBC models,...

  4. Diversification, Cost Structure, and the Risk Premium of Multinational Corporations

    OpenAIRE

    Fillat, Jose L.; STEFANIA GARETTO; Lindsay Oldenski

    2014-01-01

    We investigate theoretically and empirically the relationship between the geographic structure of a multinational corporation and its risk premium. Our structural model suggests two channels. On the one hand, multinational activity offers diversification benefits: risk premia should be higher for firms operating in countries where shocks covary more with the domestic ones. Second, hysteresis and potential losses induced by fixed and sunk costs of production imply that risk premia should be hi...

  5. The Futures Premium and Rice Market Efficiency in Prewar Japan

    OpenAIRE

    Mikio Ito; Kiyotaka Maeda; Akihiko Noda

    2014-01-01

    This paper studies the interrelation between spot and futures prices in the two major rice markets in prewar Japan from the perspective of market efficiency. Applying a non-Bayesian time-varying model approach to the fundamental equation for spot returns and the futures premium, we detect when efficiency reductions in the two major rice markets occurred. We also examine how government interventions affected the rice markets in Japan, which colonized Taiwan and Korea before World War II, and a...

  6. Wage and productivity premiums in Sub-Saharan Africa

    OpenAIRE

    Van Biesebroeck, Jo

    2007-01-01

    Using a matched employer-employee data set of manufacturing plants in three sub-Saharan countries, I compare the marginal productivity of different categories of workers with the wages they earn. A methodological contribution is to estimate the firm level production function jointly with the individual level wage equation using a feasible GLS estimator. The additional information of individual workers leads to more precise estimates, especially of the wage premiums, and to a more accurate tes...

  7. The Value Premium on the Danish Stock Market

    DEFF Research Database (Denmark)

    Risager, Ole

    2005-01-01

    return than the high multiple growth firms. Work by Basu (1997) and others have shown that the value dominance is also a feature of the earlier market history of the United States. The value premium is reported also to exist in a number of other countries over the period 1975 to 1995 (Fama and French...... research on this issue. The purpose of this paper is to report evidence for the Danish stock market and to test whether the value premium is a genuine long-term feature of the market or just a phenomenon that pops up now and then. To research this issue we have collected accounting and stock market data......A number of influential studies have documented a strong value premium for US stocks over the period 1963 to 1990 (Fama and French (1992), Lakonishok et al. (1994)). Stocks with low price-earnings multiples, price-book values and other measures of value are reported to have given a higher mean...

  8. Status of health and environmental research relative to coal gasification 1976 to the present

    Energy Technology Data Exchange (ETDEWEB)

    Wilzbach, K.E.; Reilly, C.A. Jr. (comps.)

    1982-10-01

    Health and environmental research relative to coal gasification conducted by Argonne National Laboratory, the Inhalation Toxicology Research Institute, and Oak Ridge National Laboratory under DOE sponsorship is summarized. The studies have focused on the chemical and toxicological characterization of materials from a range of process streams in five bench-scale, pilot-plant and industrial gasifiers. They also address ecological effects, industrial hygiene, environmental control technology performance, and risk assessment. Following an overview of coal gasification technology and related environmental concerns, integrated summaries of the studies and results in each area are presented and conclusions are drawn. Needed health and environmental research relative to coal gasification is identified.

  9. Coal -98

    International Nuclear Information System (INIS)

    The following report deals with the use of coal and coke during 1997. Some information about technic, environmental questions and markets are also given. Data have been collected by questionnaires to major users and by telephone to minor users. Preliminary statistical data from SCB have also been used. The use of steam coal for heating purposes during 1997 was 730 000 tons and about 500 000 tons lower than in 1996. The extremely high figures of 1996 were due to twice the production of electricity because of lack of hydro power. The co-generation plants were the main users of coal. The minor plants have increased their use of forest fuels. Probably the use of steam coal will go down in the immediate years both in the heat generating and the co-generating plants. Some foreign analysts, however, estimate a doubled use of coal for energy use after 2020 because of the plans to phase out the nuclear power. During the top year 1987 coal was used in 18 hot water plants and 11 co-generation plants. 1997 these figures are 2 and 8. Taxes and environmental reasons explain this trend. The use of steam coal in the industry has been constant at the level 700 000 tons. This level is supposed to be constant or to vary with business cycles. The import of metallurgical coal in 1997 was 1.6 mill tons like the year before. 1.2 mill tons coke were produced. The coke consumption in the industry was 1.5 Mill tons. 0.3 mill tons of coke were imported. Several other plants have plans to replace the coal with forest fuels, waste fuels and NG. Even the biggest plant, Vaesteraas, has plans to build a block for bio fuels. Helsingborg has started to use wood pellets. The pellets replace most of the coal for the heat production in the co-generation plant. Norrkoeping Kraft AB has taken a fluid bed boiler for different fuels in operation, leading to more than half the coal consumption compared with previous years. They have also rebuilt one of their travelling grates for bio fuels. Stockholm

  10. Coal 99

    International Nuclear Information System (INIS)

    The following report deals with the use of coal and coke during 1998. Some information about techniques, environmental questions and markets are also given. Data have been collected by questionnaires to major users and by telephone to minor users. Preliminary statistical data from Statistics Sweden have also been used. The use of steam coal for heating purposes during 1998 was 680 000 tons and somewhat lower than in 1997. The extremely high figures of 1996 were due to twice the production of electricity because of lack of waterpower. The co-generation plants were the main users of coal. The minor plants have increased their use of forest fuels. Probably the use of steam coal will go down in the immediate years both in the heat generating and the co-generating plants. During the top year 1987 coal was used in 18 hot water plants and 11 co-generation plants. During 1998 these figures are 1 and 8. Taxes and environmental reasons explain this trend. The use of steam coal in the industry has been constant at the level 700 000 tons. This level is supposed to be constant or to vary with business cycles. Steel-works, however, increase their use of steam coal in order to replace the more expensive coke. The import of metallurgical coal in 1998 was 1.6 mill tons like the year before. 1.1 mill tons of coke were produced. The coke consumption in the industry was 1.4 mill tons from which 0.3 mill tons were imported. Several other plants have plans to replace the coal with forest fuels, waste fuels and NG. Even the biggest plant, Vaesteraas, has ordered a block for bio fuels. Helsingborg has started to use wood pellets. The pellets replace most of the coal for the heat production in the co-generation plant. Norrkoeping Kraft AB has put a fluid bed boiler for various fuels into operation, leading to more than half the coal consumption compared with previous years. They have also rebuilt one of their travelling grates for bio fuels. Stockholm Energi, Haesselbyverket, has invested

  11. MODEL PERAMALAN KONSUMSI BAHAN BAKAR JENIS PREMIUM DI INDONESIA DENGAN REGRESI LINIER BERGANDA

    Directory of Open Access Journals (Sweden)

    Farizal

    2014-12-01

    Full Text Available Energy consumption forecasting, especially premium, is an integral part of energy management. Premium is a type of energy that receives government subsidy. Unfortunately, premium forecastings being performed have considerable high error resulting difficulties on reaching planned subsidy target and exploding the amount. In this study forecasting was conducted using multilinear regression (MLR method with ten candidate predictor variables. The result shows that only four variables which are inflation, selling price disparity between pertamanx and premium, economic growth rate, and the number of car, dictate premium consumption. Analsys on the MLR model indicates that the model has a considerable low error with the mean absolute percentage error (MAPE of 5.18%. The model has been used to predict 2013 primium consumption with 1.05% of error. The model predicted that 2013 premium consumption was 29.56 million kiloliter, while the reality was 29.26 million kiloliter.

  12. Argonne Bubble Experiment Thermal Model Development II

    Energy Technology Data Exchange (ETDEWEB)

    Buechler, Cynthia Eileen [Los Alamos National Lab. (LANL), Los Alamos, NM (United States)

    2016-07-01

    This report describes the continuation of the work reported in “Argonne Bubble Experiment Thermal Model Development”. The experiment was performed at Argonne National Laboratory (ANL) in 2014. A rastered 35 MeV electron beam deposited power in a solution of uranyl sulfate, generating heat and radiolytic gas bubbles. Irradiations were performed at three beam power levels, 6, 12 and 15 kW. Solution temperatures were measured by thermocouples, and gas bubble behavior was observed. This report will describe the Computational Fluid Dynamics (CFD) model that was developed to calculate the temperatures and gas volume fractions in the solution vessel during the irradiations. The previous report described an initial analysis performed on a geometry that had not been updated to reflect the as-built solution vessel. Here, the as-built geometry is used. Monte-Carlo N-Particle (MCNP) calculations were performed on the updated geometry, and these results were used to define the power deposition profile for the CFD analyses, which were performed using Fluent, Ver. 16.2. CFD analyses were performed for the 12 and 15 kW irradiations, and further improvements to the model were incorporated, including the consideration of power deposition in nearby vessel components, gas mixture composition, and bubble size distribution. The temperature results of the CFD calculations are compared to experimental measurements.

  13. Using the Black Scholes method for estimating high cost illness insurance premiums in Colombia

    Directory of Open Access Journals (Sweden)

    Liliana Chicaíza

    2009-04-01

    Full Text Available This article applied the Black-Scholes option valuation formula to calculating high-cost illness reinsurance premiums in the Colombian health system. The coverage pattern used in reinsuring high-cost illnesses was replicated by means of a European call option contract. The option’s relevant variables and parameters were adapted to an insurance market context. The premium estimated by the BlackScholes method fell within the range of premiums estimated by the actuarial method.

  14. Using the Black Scholes method for estimating high cost illness insurance premiums in Colombia

    OpenAIRE

    Liliana Chicaíza; David Cabedo

    2009-01-01

    This article applied the Black-Scholes option valuation formula to calculating high-cost illness reinsurance premiums in the Colombian health system. The coverage pattern used in reinsuring high-cost illnesses was replicated by means of a European call option contract. The option’s relevant variables and parameters were adapted to an insurance market context. The premium estimated by the BlackScholes method fell within the range of premiums estimated by the actuarial method.

  15. Sustainable Building Certification and the Rent Premium: A Panel Data Approach

    OpenAIRE

    Alexander Reichardt; Franz Fuerst; Nico B. Rottke; Joachim Zietz

    2012-01-01

    This paper investigates whether obtaining sustainable building certification entails a rental premium for commercial office buildings and tracks its development over time. To this aim, both a difference-in-differences and a fixed-effects model approach are applied to a large panel dataset of U.S. office buildings in the period 2000-2010. The results indicate a significant rental premium for both Energy Star and LEED certified buildings. Controlling for confounding factors, this premium is sho...

  16. An empirical analysis of the external finance premium of public non-financial corporations in Brazil

    OpenAIRE

    Fernando N. de Oliveira; Alberto Ronchi Neto

    2012-01-01

    Our objective in this paper is to analyze empirically the relationship between the external finance premium of non-financial corporations in Brazil with their default probability and with their demand for inventories. As for the former relation, we find that corporations that have greater external finance premium have greater probability of default. As for the latter, we find that the external finance premium is positive and statistically significantly correlated. The results confirm previous...

  17. Is value premium a proxy for time-varying investment opportunities: some time series evidence

    OpenAIRE

    Hui Guo; Robert Savickas; Zijun Wang; Jian Yang

    2006-01-01

    We uncover a positive, empirical risk-return tradeoff in the stock market after controlling for the covariance of stock market returns with the value premium. The underlying premise is that, as conjectured by Fama and French (1996), the value premium is a proxy for time-varying investment opportunities. By ignoring the value premium, early specifications suffer from an omitted variable problem that leads to a downward bias in the estimate of the risk-return tradeoff. The paper also documents ...

  18. Premium Retail Brands in the Food Retail Industry : A Customer Based Study of ICA Selection

    OpenAIRE

    Husberg, Susanne; Ljung, Jessica

    2009-01-01

    This study concerns retail brands in the food retail industry and focuses on premium products. The research is investigating how ICA can best use premium products to increase their profitability. The study is thus based on their brand ICA Selection and investigates three sub purposes concerning the customers’ perception of the products, their purchase behavior and their willingness to pay a price premium.   To investigate, theory concerning brand resources was utilized, involving both brand e...

  19. The impact of trade and investment liberalization on the wage skill premium: evidence from Vietnam

    OpenAIRE

    Kien Trung Nguyen

    2014-01-01

    This paper examines the impact of trade and investment liberalization on the wage skill premium between skilled and unskilled workers in Vietnamese manufacturing. The result from an econometric analysis using a firm-level dataset reveals the important role of trade liberalization as an impetus for narrowing the skill premium. There is also evidence that foreign investment has a significant effect on widening the wage skill premium. More importantly, export-oriented foreign investment is likel...

  20. Unsecured Money Market Risk Premium and the Financial Crisis : An Econometric Study of Influential Factors

    OpenAIRE

    2010-01-01

    The failure of the interbank market to redistribute liquidity became a key feature of the financial crisis of 2007-2009. Unsecured money market risk premiums, henceforth risk premiums, increased sharply with the financial turmoil that began unfolding in august 2007. Risk premiums turned more volatile and interbank interest rates were divorced from the key policy rate of the central bank, except in maybe the shortest of maturities like overnight. After the default of Lehman Brothers in Septemb...

  1. Interest Term Premiums and C-CAPM: A Test of a Parsimonious Model

    OpenAIRE

    De La Bruslerie, Hubert; Fouilloux, Jessica

    2010-01-01

    This paper proposes a consumption-based model that accounts for term premiums of the nominal term structure of interest rates. The driving force behind the model is the looking at the ex ante term premium. Nominal term premiums depend on the volatility processes of real consumption and inflation. When calibrated to US data on interest rates, consumption and inflation, the model accounts for the C-CAPM expectations puzzle. Risk aversion coefficients around 6 are evidenced. The hypothesis of no...

  2. Assessing Consumer Willingness to Pay a Premium for Organic Food Product: Evidence from Ghana

    OpenAIRE

    Owusu, Victor

    2012-01-01

    This paper examines the willingness of consumers to pay a premium for organic food product with a contingent valuation data from urban Kumasi of Ghana. Consumer’s willingness to pay a premium is estimated with a bivariate Tobit model. The empirical findings indicate that apart from socioeconomic characteristics and consumer perceptions, product attributes tend to influence consumer preferences for organic water melon and lettuce. The estimated mean WTP premium for 1 kilogram of water melon is...

  3. Stock Market Risk Premiums, Business Confidence and Consumer Confidence: Dynamic Effects and Variance Decomposition

    OpenAIRE

    Vichet Sum; Jack Chorlian

    2013-01-01

    This study is set up to assess the dynamic effects of business confidence and consumer confidence on stock market risk premiums and to determine the relative importance of business confidence and consumer confidence in forecasting the variability of stock market risk premiums though a variance decomposition. The results show that the response of stock market risk premiums becomes positive immediately following the shocks to business confidence and consumer confidence. Based on the variance de...

  4. Coal 95

    International Nuclear Information System (INIS)

    The report deals with the use of coal and coke in Sweden during 1994. Some information about technology, environmental questions and markets are also given. Data have been collected by questionnaires to major users and by telephone to minor users. Preliminary statistical data from Statistics Sweden have also been used.The use of steam coal for heating purposes has been unchanged during 1994 at a level of 1 Mtons. The production in the cogeneration plants has been constant, but has increased for electricity production. The minor plants have increased their use of forest fuels. The use of steam coal will probably go down in the next years both for heat and cogeneration plants. During the top year 1987 coal was used in 18 hot water and 11 cogeneration plants. 1994 these figures are 3 and 12. Taxes and environmental reasons explain this trend. The use of steam coal in industry has been constant at the level 0.7 Mtons. The import of metallurgical coal in 1993 was 1.6 Mtons, like 1992. Import of 0.3 Mtons of coke gives the total consumption of coke in industry as 1.5 Mtons. the average price of steam coal imported to Sweden was 317 SEK/ton, 3% higher than 1993. All Swedish plants meet their emission limit of dust, SO2 and NOx as given by county administrations or concession boards. The cogeneration plants all have some SO2 removal system. The biggest cogeneration plant (Vaesteraas) has recently invested in a SCR NOx cleaning system. Most other plants use low NOx burners or SNR injection systems based on ammonia or urea. 2 figs, 13 tabs

  5. Environmental assessment related to the operation of Argonne National Laboratory, Argonne, Illinois

    Energy Technology Data Exchange (ETDEWEB)

    1982-08-01

    In order to evaluate the environmental impacts of Argonne National Laboratory (ANL) operations, this assessment includes a descriptive section which is intended to provide sufficient detail to allow the various impacts to be viewed in proper perspective. In particular, details are provided on site characteristics, current programs, characterization of the existing site environment, and in-place environmental monitoring programs. In addition, specific facilities and operations that could conceivably impact the environment are described at length. 77 refs., 16 figs., 47 tabs.

  6. COAL GEOLOGY

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    <正>20091749 Cai Hou’an(College of Energy Geology,China University of Geosciences,Beijing 100083,China);Xu Debin SHRIMP U-Pb Isotope Age of Volcanic Rocks Distributed in the Badaohao Area,Liaoning Province and Its Significance(Coal Geology & Exploration,ISSN1001-1986,CN61-1155/P,36(4),2008,p.17-20,2 illus.,1 table,16 refs.)Key words:coal measures,volcanic rocks,U-Pb dating,LiaoningA set of andesite volcanic rocks distributes in the Badaohao area in Heishan County,Liaoning Province.It’s geological age and stratigraphy sequence relationship between the Lower Cretaceous Badaohao Formation and the volcanic rocks can not make sure till now and is influencing the further prospect for coals.Zircon

  7. Nuclear Accident Dosimetry at Argonne National Laboratory

    International Nuclear Information System (INIS)

    This report summarizes current planning at Argonne National Laboratory with respect to dose determination following a criticality incident. The discussion relates chiefly to two types of commercially obtained dosimeter packages, and includes the results of independent calibrations performed at the Laboratory. The primary dosimeter system incorporates threshold detectors developed at Oak Ridge National Laboratory for neutron spectrum measurement. Fission foil decay calibration curves have been determined experimentally for scintillation counting equipment routinely used at Argonne. This equipment also has been calibrated for determination of sodium-24 activity in blood. Dosimeter units of the type designed at Savannah River Laboratory are deployed as secondary stations. Data from the neutron activation components of these units will be used to make corrections to, the neutron spectrum for intermediate as well as thermal energies. The epicadmium copper foil activation, for a given fluence of intermediate energy neutrons, has been shown relatively insensitive to neutron spectrum variations within the region, and a meaningful average of copper cross-section has been determined. Counter calibration factors determined at Argonne are presented for the copper, indium, and sulphur components. The total neutron fluence is computed using the corrected spectrum in conjunction with a capture probability function and the blood sodium result. One or more specifications of neutron dose then may be calculated by applying the spectral information to the appropriate conversion function. The gamma portion of the primary dosimeter package contains fluorescent rods and a thermoluminescent dosimeter in addition to a two-phase chemical dosimeter. The gamma dosimeter in the secondary package is a polyacrylamide solution which is degraded by exposure to gamma radiation. The absorbed dose is derived from a measured change insolution viscosity. Difficulties in evaluation, placement, and

  8. Drive linac for the Argonne Wakefield Accelerator

    Energy Technology Data Exchange (ETDEWEB)

    Chojnacki, E.; Konecny, R.; Rosing, M.; Simpson, J.

    1993-08-01

    The drive linac in Phase I of the Argonne Wakefield Accelerator (AWA) will be used to accelerate short duration (10 ps), high charge (100 nC) electron bunches from 2 MV to 20 MV for use in a variety of wakefield acceleration and measurement studies. The high charge is required since this drive bunch will generate the wakefields of interest in various test sections and their amplitudes are proportional to bunch charge. The short bunch duration is required to drive high-frequency wakefields without intra-bunch cancellation effects. The drive linac design was a balance between having a small wake function to maintain a drive bunch energy spread of {le}10% and obtaining an adequate accelerating gradient of {ge}10 MV/m. This yielded a large aperture, low shunt impedance, high group velocity, L-band, standing-wave linac. Details of the design, fabrication, and testing are presented in the following.

  9. Argonne Plasma Engineering Experiment (APEX) Tokamak

    International Nuclear Information System (INIS)

    The Argonne Plasma Engineering Experiment (APEX) Tokamak was designed to provide hot plasmas for reactor-relevant experiments with rf heating (current drive) and plasma wall experiments, principally in-situ low-Z wall coating and maintenance. The device, sized to produce energetic plasmas at minimum cost, is small (R = 51 cm, r = 15 cm) but capable of high currents (100 kA) and long pulse durations (100 ms). A design using an iron central core with no return legs, pure tension tapewound toroidal field coils, digital radial position control, and UHV vacuum technology was used. Diagnostics include monochrometers, x-ray detectors, and a microwave interferometer and radiometer for density and temperature measurements. Stable 100 ms shots were produced with electron temperatures in the range 500 to 1000 eV. Initial results included studies of thermal desorption and recoating of wall materials

  10. Neutronics Code Development at Argonne National Laboratory

    International Nuclear Information System (INIS)

    As part of the Nuclear Energy Advanced Modeling and Simulation (NEAMS) program of U.S. DOE, a suite of modern fast reactor simulation tools is being developed at Argonne National Laboratory. The general goal is to reduce the uncertainties and biases in various areas of reactor design activities by providing enhanced prediction capabilities. Under this fast reactor simulation program, a high-fidelity deterministic neutron transport code named UNIC is being developed. The end goal of this development is to produce an integrated neutronics code that enables the high fidelity description of a nuclear reactor and simplifies the multi-step design process by direct and accurate coupling with thermal-hydraulics and structural mechanics calculations. (author)

  11. Argonne National Laboratory research offers clues to Alzheimer's plaques

    CERN Multimedia

    2003-01-01

    Researchers from Argonne National Laboratory and the University of Chicago have developed methods to directly observe the structure and growth of microscopic filaments that form the characteristic plaques found in the brains of those with Alzheimer's Disease (1 page).

  12. Variance Risk Premium Differentials and Foreign Exchange Returns

    OpenAIRE

    Arash, Aloosh

    2011-01-01

    The uncovered interest rate parity does not hold in the foreign exchange market (UIP puzzle). I use the cross-country variance risk premium differential to measure the excess foreign exchange return. Consequently, similar to Bansal and Shaliastovich (2010), I provide a risk-based explanation for the violation of UIP. The empirical results, based on the monthly data of ten currency pairs among US Dollar, UK Pound, Japanese Yen, Euro, and Swiss Franc, support the model both in-sample and out-of...

  13. Bank leverage cycles and the external finance premium

    OpenAIRE

    Rannenberg, Ansgar

    2013-01-01

    By combining the approaches of Gertler and Karadi (2011) and Bernanke et al. (1999), I develop a DSGE model with leverage constraints both in the banking and in the non-financial firm sector. I calibrate this full model to US data. In a world with only a monetary policy and a productivity shock, the full model matches the relative volatility of the external finance premium, while a BGG model generates too low volatility. The full model also matches the procyclicality of bank leverage, unlike ...

  14. Size and value premiums in the Indian stock market

    OpenAIRE

    Aziz, Tariq; Ansari, Valeed Ahmad

    2014-01-01

    The poor empirical record of the CAPM paved the way towards the development of multi-factor asset pricing models. The three-factor model of Fama and French (1993) is regarded as a ground-breaking multi-factor asset pricing model. This paper examines the performance of the three-factor model of Fama and French (1993) in the Indian stock market for the period 2000-2012 using BSE-500 stocks as sample. The results suggest the presence of significant size and value premiums in the Indian stock ma...

  15. Coal Mines Security System

    OpenAIRE

    Ankita Guhe; Shruti Deshmukh; Bhagyashree Borekar; Apoorva Kailaswar; Milind E. Rane

    2012-01-01

    Geological circumstances of mine seem to be extremely complicated and there are many hidden troubles. Coal is wrongly lifted by the musclemen from coal stocks, coal washeries, coal transfer and loading points and also in the transport routes by malfunctioning the weighing of trucks. CIL —Coal India Ltd is under the control of mafia and a large number of irregularities can be contributed to coal mafia. An Intelligent Coal Mine Security System using data acquisition method utilizes sensor, auto...

  16. Electron scattering. Lectures given at Argonne National Laboratory

    International Nuclear Information System (INIS)

    This report is an almost verbatim copy of lectures on Electron Scattering given at Argonne National Laboratory in the Fall of 1982 by John Dirk Walecka. Professor Walecka was an Argonne Fellow in the Physics Division from October 1982 to January 1983. Broad headings include general considerations, coincidence cross section (e,e'x), quantum electrodynamics and radiative corrections, unification of electroweak interactions, relativistic models of nuclear structure, electroproduction of pions and nucleon resonances, and deep inelastic (e,e')

  17. Argonne National Lab gets Linux network teraflop cluster

    CERN Multimedia

    2003-01-01

    "Linux NetworX, Salt Lake City, Utah, has delivered an Evolocity II (E2) Linux cluster to Argonne National Laboratory that is capable of performing more than one trillion calculations per second (1 teraFLOP). The cluster, named "Jazz" by Argonne, is designed to provide optimum performance for multiple disciplines such as chemistry, physics and reactor engineering and will be used by the entire scientific community at the Lab" (1 page).

  18. Argonne National Laboratory's photooxidation organic mixed-waste treatment system

    International Nuclear Information System (INIS)

    This paper describes the installation and startup testing of the Argonne National Laboratory-East (ANL-E) photo-oxidation organic mixed-waste treatment system. This system will treat organic mixed (i.e., radioactive and hazardous) waste by oxidizing the organics to carbon dioxide and inorganic salts in an aqueous media. The residue will be treated in the existing radwaste evaporators. The system is installed in the waste management facility at the ANL-E site in Argonne, Illinois

  19. 77 FR 55879 - Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums

    Science.gov (United States)

    2012-09-11

    ... instructions for ] the 2013 plan year. On May 8, 2012 (at 77 FR 27099), PBGC gave public notice that it was... information under its regulation on Payment of Premiums (OMB control number 1212-0007; expires December 31...-8339 and ask to be connected to 202-326-4040.) The premium payment regulation and the...

  20. 78 FR 14323 - Notice of Proposed Information Collection: Comment Request: Single Family Premium Collection...

    Science.gov (United States)

    2013-03-05

    ...- Upfront (SFPCS-U). OMB Control Number, if applicable: 2502-0423. The Single Family Premium Collection... URBAN DEVELOPMENT Notice of Proposed Information Collection: Comment Request: Single Family Premium... to the proposal by name and/or OMB Control Number and should be sent to: Reports Liaison...

  1. Residential consumers in the Cape Peninsula's willingness to pay for premium priced green electricity

    International Nuclear Information System (INIS)

    A number of studies have explored the willingness (i.e. stated willingness as opposed to actual willingness) of consumers to pay a premium for green electricity in developed countries. However, little is known about how this translates into an emerging economy context. This study investigates the level of willingness of residential households in South Africa's Cape Peninsula to pay a premium for electricity from renewable energy. It methodologically drew on recent contributions in the literature on norm-motivated behaviour used to identify testable factors that could influence residential consumers' willingness to pay (WTP). Interestingly, the study found a significant positive link between household income and WTP for green electricity, contrary to the findings of some previous studies. Not only are higher income households more likely to pay a premium, but typically they are also willing to pay a bigger premium. It was also further established that the view that green electricity is reliable, involvement in the recycling of waste and the belief that everyone should contribute to green electricity generation drive the WTP. - Research Highlights: →The study explored the drivers of willingness to pay (WTP) a premium for green electricity. →All the hypothesised drivers of WTP a premium were found to be significant. →Contrary to some former studies, income was found to be a good predictor of WTP and the pledged premium. →The quantum of the premium positively correlates with income levels.

  2. 29 CFR 825.210 - Employee payment of group health benefit premiums.

    Science.gov (United States)

    2010-07-01

    ... the new premium rates. Maintenance of health insurance policies which are not a part of the employer's... FMLA leave is unpaid, the employer has a number of options for obtaining payment from the employee. The... charge may be added to the employee's premium payment for administrative expenses. The employer...

  3. 75 FR 5808 - Publication of Model Notice for Employers to Use Regarding Eligibility for Premium Assistance...

    Science.gov (United States)

    2010-02-04

    ... in the number of States offering premium assistance programs (or the contact information for those... Order 6-2009, 74 FR 21524 (May 7, 2009). Signed at Washington, DC, this 1st day of February 2010... Premium Assistance Under Medicaid or the Children's Health Insurance Program, Notice AGENCY:...

  4. 76 FR 71591 - Notice of Proposed Information Collection: Comment Request; Single Family Premium Collection...

    Science.gov (United States)

    2011-11-18

    ... Proposal: Single Family Premium Collection Subsystem-- Periodic (SFPCS-P). OMB Control Number, if... URBAN DEVELOPMENT Notice of Proposed Information Collection: Comment Request; Single Family Premium... regarding this proposal. Comments should refer to the proposal by name and/or OMB Control Number and...

  5. 75 FR 16645 - Increase in the Primary Nuclear Liability Insurance Premium

    Science.gov (United States)

    2010-04-02

    ... COMMISSION 10 CFR Part 140 RIN 3150-AI74 Increase in the Primary Nuclear Liability Insurance Premium AGENCY... is amending its regulations to increase the primary premium for liability insurance coverage in the....). Existing requirements were approved by the Office of Management and Budget, approval number...

  6. 38 CFR 8.5 - Authorization for deduction of premiums from compensation, retirement pay, or pension.

    Science.gov (United States)

    2010-07-01

    ... 38 Pensions, Bonuses, and Veterans' Relief 1 2010-07-01 2010-07-01 false Authorization for deduction of premiums from compensation, retirement pay, or pension. 8.5 Section 8.5 Pensions, Bonuses, and... Authorization for deduction of premiums from compensation, retirement pay, or pension. Deductions from...

  7. 38 CFR 8.4 - Deduction of insurance premiums from compensation, retirement pay, or pension.

    Science.gov (United States)

    2010-07-01

    ... 38 Pensions, Bonuses, and Veterans' Relief 1 2010-07-01 2010-07-01 false Deduction of insurance premiums from compensation, retirement pay, or pension. 8.4 Section 8.4 Pensions, Bonuses, and Veterans... insurance premiums from compensation, retirement pay, or pension. The insured under a National Service...

  8. 26 CFR 1.803-6 - Amortization of premium and accrual of discount.

    Science.gov (United States)

    2010-04-01

    ... company. A life insurance company which adjusts amortization of premium or accrual of discount with... discount will be determined: (1) According to the method regularly employed by the company, if such method... premium or accrual of discount will be deemed “regularly employed” by a life insurance company if...

  9. 78 FR 58290 - TRICARE; Calendar Year 2014 TRICARE Young Adult Program Premium Update

    Science.gov (United States)

    2013-09-23

    ... Register (FR) on May 29, 2013 (78 FR 32116-32121) sets forth rules to implement the TRICARE Young Adult... of the Secretary TRICARE; Calendar Year 2014 TRICARE Young Adult Program Premium Update AGENCY: Office of the Secretary of Defense, DoD. ACTION: Notice of Updated TRICARE Young Adult Premiums...

  10. 24 CFR 266.608 - Mortgage insurance premium: Pro rata refund.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Mortgage insurance premium: Pro..., DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT... PROJECT LOANS Contract Rights and Obligations Mortgage Insurance Premiums § 266.608 Mortgage...

  11. 24 CFR 266.606 - Mortgage insurance premium: Duration and method of paying.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Mortgage insurance premium... HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS... AFFORDABLE MULTIFAMILY PROJECT LOANS Contract Rights and Obligations Mortgage Insurance Premiums §...

  12. The Impact of the ACA on Premiums: Evidence from the Self-Employed.

    Science.gov (United States)

    Heim, Bradley T; Hunter, Gillian; Lurie, Ithai Z; Ramnath, Shanthi P

    2015-10-01

    This article examines the impact of the Affordable Care Act on premiums by studying a segment of the nongroup market, the self-employed. Because self-employed health insurance premiums are deductible, tax data contain comprehensive individual-level information on the premiums paid by this group prior to the establishment of health insurance exchanges. We compare these prior premiums to reference silver premiums available on the exchanges and find that exchange premiums are 4.2 percent higher on average among the entire sample but 42.3 percent lower on average after taxes and subsidies. We also examine which type of exchange coverage would cost less than the individual's prior health insurance premiums and find that almost 60 percent of families could purchase bronze plans for less than their prior premiums, though only about a quarter could purchase platinum plans. After taxes and subsidies, the fractions increase to over 85 percent for bronze plans and over half for platinum plans. PMID:26195603

  13. 48 CFR 2132.770 - Insurance premium payments and special contingency reserve.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Insurance premium payments and special contingency reserve. 2132.770 Section 2132.770 Federal Acquisition Regulations System... and special contingency reserve. Insurance premium payments and a special contingency reserve are...

  14. MARKETING PREMIUM FOOD PRODUCTS IN EMERGING ECONOMIES: THE CASE OF MACEDONIAN CHEESE

    OpenAIRE

    Grannis, Jennifer L.; Hine, Susan E.; Thilmany, Dawn D.

    1999-01-01

    Developing food products with higher standards or brands in newly emerging markets presents a challenge to processors. This study focused on attributes that may increase cheese demand in Macedonian. Demand for higher quality, taste, consistency and certified "safe" cheese at premiums is relatively high. Income, region, shopping behavior and various other demographics all delineate potential consumers of premium cheese.

  15. 7 CFR 407.3 - Premium rates, amounts of protection, and coverage levels.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 6 2010-01-01 2010-01-01 false Premium rates, amounts of protection, and coverage... CROP INSURANCE CORPORATION, DEPARTMENT OF AGRICULTURE GROUP RISK PLAN OF INSURANCE REGULATIONS § 407.3 Premium rates, amounts of protection, and coverage levels. (a) The Manager of FCIC shall establish...

  16. 46 CFR 308.408 - Right of Maritime Administrator to change rate of premium.

    Science.gov (United States)

    2010-10-01

    ... premium. 308.408 Section 308.408 Shipping MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION EMERGENCY OPERATIONS WAR RISK INSURANCE War Risk Builder's Risk Insurance § 308.408 Right of Maritime Administrator to change rate of premium. The Maritime Administrator, acting for the Secretary of Transportation,...

  17. 42 CFR 423.440 - Prohibition of State imposition of premium taxes; relation to State laws.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 3 2010-10-01 2010-10-01 false Prohibition of State imposition of premium taxes; relation to State laws. 423.440 Section 423.440 Public Health CENTERS FOR MEDICARE & MEDICAID SERVICES... State imposition of premium taxes; relation to State laws. (a) Federal preemption of State law....

  18. Argonne National Laboratory Site Environmental Report for Calendar Year 2013

    Energy Technology Data Exchange (ETDEWEB)

    Davis, T. M. [Argonne National Lab. (ANL), Argonne, IL (United States); Gomez, J. L. [Argonne National Lab. (ANL), Argonne, IL (United States); Moos, L. P. [Argonne National Lab. (ANL), Argonne, IL (United States)

    2014-09-02

    This report discusses the status and the accomplishments of the environmental protection program at Argonne National Laboratory for calendar year 2013. The status of Argonne environmental protection activities with respect to compliance with the various laws and regulations is discussed, along with environmental management, sustainability efforts, environmental corrective actions, and habitat restoration. To evaluate the effects of Argonne operations on the environment, samples of environmental media collected on the site, at the site boundary, and off the Argonne site were analyzed and compared with applicable guidelines and standards. A variety of radionuclides were measured in air, surface water, on-site groundwater, and bottom sediment samples. In addition, chemical constituents in surface water, groundwater, and Argonne effluent water were analyzed. External penetrating radiation doses were measured, and the potential for radiation exposure to off-site population groups was estimated. Results are interpreted in terms of the origin of the radioactive and chemical substances (i.e., natural, Argonne, and other) and are compared with applicable standards intended to protect human health and the environment. A U.S. Department of Energy (DOE) dose calculation methodology, based on International Commission on Radiological Protection (ICRP) recommendations and the U.S. Environmental Protection Agency’s (EPA) CAP-88 Version 3 computer code, was used in preparing this report.

  19. Argonne National Laboratory site enviromental report for calendar year 2008.

    Energy Technology Data Exchange (ETDEWEB)

    Golchert, N. W.; Davis, T. M.; Moos, L. P.

    2009-09-02

    This report discusses the status and the accomplishments of the environmental protection program at Argonne National Laboratory for calendar year 2008. The status of Argonne environmental protection activities with respect to compliance with the various laws and regulations is discussed, along with the progress of environmental corrective actions and restoration projects. To evaluate the effects of Argonne operations on the environment, samples of environmental media collected on the site, at the site boundary, and off the Argonne site were analyzed and compared with applicable guidelines and standards. A variety of radionuclides were measured in air, surface water, on-site groundwater, and bottom sediment samples. In addition, chemical constituents in surface water, groundwater, and Argonne effluent water were analyzed. External penetrating radiation doses were measured, and the potential for radiation exposure to off-site population groups was estimated. Results are interpreted in terms of the origin of the radioactive and chemical substances (i.e., natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. A U.S. Department of Energy dose calculation methodology, based on International Commission on Radiological Protection recommendations and the U.S. Environmental Protection Agency's CAP-88 Version 3 (Clean Air Act Assessment Package-1988) computer code, was used in preparing this report.

  20. Argonne National Laboratory Site Environmental report for calendar year 2009.

    Energy Technology Data Exchange (ETDEWEB)

    Golchert, N. W.; Davis, T. M.; Moos, L. P.

    2010-08-04

    This report discusses the status and the accomplishments of the environmental protection program at Argonne National Laboratory for calendar year 2009. The status of Argonne environmental protection activities with respect to compliance with the various laws and regulations is discussed, along with the progress of environmental corrective actions and restoration projects. To evaluate the effects of Argonne operations on the environment, samples of environmental media collected on the site, at the site boundary, and off the Argonne site were analyzed and compared with applicable guidelines and standards. A variety of radionuclides were measured in air, surface water, on-site groundwater, and bottom sediment samples. In addition, chemical constituents in surface water, groundwater, and Argonne effluent water were analyzed. External penetrating radiation doses were measured, and the potential for radiation exposure to off-site population groups was estimated. Results are interpreted in terms of the origin of the radioactive and chemical substances (i.e., natural, Argonne, and other) and are compared with applicable environmental quality standards. A U.S. Department of Energy (DOE) dose calculation methodology, based on International Commission on Radiological Protection recommendations and the U.S. Environmental Protection Agency's (EPA) CAP-88 Version 3 (Clean Air Act Assessment Package-1988) computer code, was used in preparing this report.

  1. Argonne National Laboratory site environmental report for calendar year 2006.

    Energy Technology Data Exchange (ETDEWEB)

    Golchert, N. W.; ESH/QA Oversight

    2007-09-13

    This report discusses the status and the accomplishments of the environmental protection program at Argonne National Laboratory for calendar year 2006. The status of Argonne environmental protection activities with respect to compliance with the various laws and regulations is discussed, along with the progress of environmental corrective actions and restoration projects. To evaluate the effects of Argonne operations on the environment, samples of environmental media collected on the site, at the site boundary, and off the Argonne site were analyzed and compared with applicable guidelines and standards. A variety of radionuclides were measured in air, surface water, on-site groundwater, and bottom sediment samples. In addition, chemical constituents in surface water, groundwater, and Argonne effluent water were analyzed. External penetrating radiation doses were measured, and the potential for radiation exposure to off-site population groups was estimated. Results are interpreted in terms of the origin of the radioactive and chemical substances (i.e., natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. A U.S. Department of Energy dose calculation methodology, based on International Commission on Radiological Protection recommendations and the U.S. Environmental Protection Agency's CAP-88 Version 3 (Clean Air Act Assessment Package-1988) computer code, was used in preparing this report.

  2. Argonne National Laboratory site environmental report for calendar year 2007.

    Energy Technology Data Exchange (ETDEWEB)

    Golchert, N. W.; Davis, T. M.; Moos, L. P.; ESH/QA Oversight

    2008-09-09

    This report discusses the status and the accomplishments of the environmental protection program at Argonne National Laboratory for calendar year 2007. The status of Argonne environmental protection activities with respect to compliance with the various laws and regulations is discussed, along with the progress of environmental corrective actions and restoration projects. To evaluate the effects of Argonne operations on the environment, samples of environmental media collected on the site, at the site boundary, and off the Argonne site were analyzed and compared with applicable guidelines and standards. A variety of radionuclides were measured in air, surface water, on-site groundwater, and bottom sediment samples. In addition, chemical constituents in surface water, groundwater, and Argonne effluent water were analyzed. External penetrating radiation doses were measured, and the potential for radiation exposure to off-site population groups was estimated. Results are interpreted in terms of the origin of the radioactive and chemical substances (i.e., natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. A U.S. Department of Energy dose calculation methodology, based on International Commission on Radiological Protection recommendations and the U.S. Environmental Protection Agency's CAP-88 Version 3 (Clean Air Act Assessment Package-1988) computer code, was used in preparing this report.

  3. 1986 annual site environmental report for Argonne National Laboratory

    International Nuclear Information System (INIS)

    The results of the environmental monitoring program at Argonne National Laboratory (ANL) for 1986 are presented and discussed. To evaluate the effect of Argonne operations on the environment, measurements were made for a variety of radionuclides in air, surface water, ground water, soil, grass, bottom sediment, and milk; of the environmental penetrating radiation dose; and for a variety of chemical constituents in surface water, ground water, and Argonne effluent water. Sample collections and measurements were made on the site, at the site boundary, and off the Argonne site for comparison purposes. The results of the program are interpreted in terms of the sources and origin of the radioactive and chemical substances (natural, fallout, Argonne, and other) and are compared with applicable environmental quality standards. A US Department of Energy (DOE) dose calculation methodology based on recent International Commission on Radiological Protection (ICRP) recommendations is required and used in this report. The radiation dose to off-site population groups is estimated. The average concentrations and total amounts of radioactive and chemical pollutants released by Argonne to the environment were all below appropriate standards. 21 refs., 7 figs., 52 tabs

  4. Assessing whether there is a cancer premium for the value of a statistical life.

    Science.gov (United States)

    Viscusi, W Kip; Huber, Joel; Bell, Jason

    2014-04-01

    This article estimates whether there is a cancer risk premium for the value of a statistical life using stated preference valuations of cancer risks for a large, nationally representative US sample. The present value of an expected cancer case that occurs after a one decade latency period is $10.85m, consistent with a cancer premium that is 21% greater than the median value of a statistical life estimates for acute fatalities. This cancer premium is smaller than the premium proposed for policy analyses in the UK and the USA. There is also a greater premium for policies that reduce cancer risks to zero and for risk reductions affecting those who perceive themselves to have a greater than average probability of having cancer. PMID:23520055

  5. 12 CFR 220.127 - Independent broker/dealers arranging credit in connection with the sale of insurance premium...

    Science.gov (United States)

    2010-01-01

    ... connection with the sale of insurance premium funding programs. 220.127 Section 220.127 Banks and Banking... with the sale of insurance premium funding programs. (a) The Board's September 5, 1972, clarifying... engaged in the sale and arranging of credit in connection with such insurance premium funding programs....

  6. Coal industry annual 1997

    International Nuclear Information System (INIS)

    Coal Industry Annual 1997 provides comprehensive information about US coal production, number of mines, prices, productivity, employment, productive capacity, and recoverable reserves. US Coal production for 1997 and previous years is based on the annual survey EIA-7A, Coal Production Report. This report presents data on coal consumption, coal distribution, coal stocks, coal prices, and coal quality for Congress, Federal and State agencies, the coal industry, and the general public. Appendix A contains a compilation of coal statistics for the major coal-producing States. This report includes a national total coal consumption for nonutility power producers that are not in the manufacturing, agriculture, mining, construction, or commercial sectors. 14 figs., 145 tabs

  7. Coal industry annual 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-12-01

    Coal Industry Annual 1997 provides comprehensive information about US coal production, number of mines, prices, productivity, employment, productive capacity, and recoverable reserves. US Coal production for 1997 and previous years is based on the annual survey EIA-7A, Coal Production Report. This report presents data on coal consumption, coal distribution, coal stocks, coal prices, and coal quality for Congress, Federal and State agencies, the coal industry, and the general public. Appendix A contains a compilation of coal statistics for the major coal-producing States. This report includes a national total coal consumption for nonutility power producers that are not in the manufacturing, agriculture, mining, construction, or commercial sectors. 14 figs., 145 tabs.

  8. The estimation of risk-premium implicit in oil prices

    International Nuclear Information System (INIS)

    The futures price can be seen as the sum of the expected value of the underlying asset price and a risk-premium. In order to disentangle these two components of the futures price, one can try to model the relationship between spot and futures prices, in order to obtain a closed expression for the risk-premium, or to use information from spot and option prices to estimate risk-aversion functions. Given the high volatility of the ratios between futures and spot prices, we opted for the latter, estimating risk-neutral and subjective probability density functions, respectively, from observed option and spot prices. looking at the prices of Brent and West Texas Intermediate light/sweet crude oil options, the obtained evidence suggests that risk-aversion is typically very low for levels near the futures prices. However, due to price volatility and, consequently, to the tails of distribution, the risk-aversion functions are badly behaved in extreme prices and futures prices do not anticipate sharp movements in oil spot prices. Therefore, futures oil prices seem to be useful in forecasting spot prices only when moderate price changes occur. (author)

  9. Coal Industry Annual 1995

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-10-01

    This report presents data on coal consumption, coal distribution, coal stocks, coal prices, coal quality, and emissions for Congress, Federal and State agencies, the coal industry, and the general public. Appendix A contains a compilation of coal statistics for the major coal-producing States. This report does not include coal consumption data for nonutility power producers that are not in the manufacturing, agriculture, mining, construction, or commercial sectors. Consumption for nonutility power producers not included in this report is estimated to be 21 million short tons for 1995.

  10. Coal industry annual 1996

    International Nuclear Information System (INIS)

    This report presents data on coal consumption, coal distribution, coal stocks, coal prices, and coal quality, and emissions for Congress, Federal and State agencies, the coal industry, and the general public. Appendix A contains a compilation of coal statistics for the major coal-producing States.This report does not include coal consumption data for nonutility power producers that are not in the manufacturing, agriculture, mining, construction, or commercial sectors. Consumption for nonutility power producers not included in this report is estimated to be 24 million short tons for 1996. 14 figs., 145 tabs

  11. Coal industry annual 1996

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-11-01

    This report presents data on coal consumption, coal distribution, coal stocks, coal prices, and coal quality, and emissions for Congress, Federal and State agencies, the coal industry, and the general public. Appendix A contains a compilation of coal statistics for the major coal-producing States.This report does not include coal consumption data for nonutility power producers that are not in the manufacturing, agriculture, mining, construction, or commercial sectors. Consumption for nonutility power producers not included in this report is estimated to be 24 million short tons for 1996. 14 figs., 145 tabs.

  12. Coal Industry Annual 1995

    International Nuclear Information System (INIS)

    This report presents data on coal consumption, coal distribution, coal stocks, coal prices, coal quality, and emissions for Congress, Federal and State agencies, the coal industry, and the general public. Appendix A contains a compilation of coal statistics for the major coal-producing States. This report does not include coal consumption data for nonutility power producers that are not in the manufacturing, agriculture, mining, construction, or commercial sectors. Consumption for nonutility power producers not included in this report is estimated to be 21 million short tons for 1995

  13. W(h)ither the coal industry? The long-term view

    International Nuclear Information System (INIS)

    Global warming--real or imaginary, friend or foe, carbon dioxide emissions a threat to the planet, benign, or good for agriculture--while the debate rages on, the debaters occasionally seem to pause long enough to agree on one point: coal is the bad guy. There is little doubt that coal combustion must continue as a major contributor to the energy economy for the near to mid-term future. It is likely, though, those environmental pressures on conventional processes for coal utilization will only intensify. This factor alone makes questionable the long-term future. Environmental issues also severely impact the metallurgical coke industry. The traditional coal industry and coal markets of the 20th century are under increasingly intense assault. But why waste coal by burning it? Steady progress is being made in two directions for using coal as a valuable hydrocarbon resource. On the one hand, continuous improvements in computer-based structural modeling, which now include the ability to calculate not only a molecular structure that is consistent with chemical facts, but also some of the physical properties and even the incorporation of water. The increasing reasonableness of such structures places one on the verge of being able to do rational organic chemistry on coals, that is, deliberately to select coals as starting materials for certain desired chemical transformations that will produce high-value chemical products in good yields. This opens a route to chemicals from coal that does not rely on by-product coal tars as the feedstock. On the other hand, excellent opportunities also exist for coals as precursors to high-value carbon materials. Anthracites in particular represent an under-exploited, and as yet poorly explored, opportunity for conversion to graphitic materials. Taking coal in both directions high-value chemicals and premium carbon products represent profitable opportunities for innovation, leadership, and new directions for the coal industry in the 21st

  14. Coal and Energy.

    Science.gov (United States)

    Bryant, Reba; And Others

    This teaching unit explores coal as an energy resource. Goals, student objectives, background information, and activity options are presented for each major section. The sections are: (1) an introduction to coal (which describes how and where coal was formed and explains the types of coal); (2) the mining of coal (including the methods and ways of…

  15. Coal wizards of Oz

    Energy Technology Data Exchange (ETDEWEB)

    Hornsby, D.T.; Partridge, A.C. [Australian Coal Preparation Society, Indooroopilly, Qld. (Australia)

    1998-03-01

    The first of two parts of a paper discusses how the Australian coal industry has grown to become the world`s largest coal exporter. Bar charts show coal product, exports, and consumption of metallurgical and steaming coal for the years 1987 to 1996. The importance of coal preparation is discussed. 8 figs., 2 photos.

  16. Argonne National Laboratory institutional plan FY 2001--FY 2006.

    Energy Technology Data Exchange (ETDEWEB)

    Beggs, S.D.

    2000-12-07

    This Institutional Plan describes what Argonne management regards as the optimal future development of Laboratory activities. The document outlines the development of both research programs and support operations in the context of the nation's R and D priorities, the missions of the Department of Energy (DOE) and Argonne, and expected resource constraints. The Draft Institutional Plan is the product of many discussions between DOE and Argonne program managers, and it also reflects programmatic priorities developed during Argonne's summer strategic planning process. That process serves additionally to identify new areas of strategic value to DOE and Argonne, to which Laboratory Directed Research and Development funds may be applied. The Draft Plan is provided to the Department before Argonne's On-Site Review. Issuance of the final Institutional Plan in the fall, after further comment and discussion, marks the culmination of the Laboratory's annual planning cycle. Chapter II of this Institutional Plan describes Argonne's missions and roles within the DOE laboratory system, its underlying core competencies in science and technology, and six broad planning objectives whose achievement is considered critical to the future of the Laboratory. Chapter III presents the Laboratory's ''Science and Technology Strategic Plan,'' which summarizes key features of the external environment, presents Argonne's vision, and describes how Argonne's strategic goals and objectives support DOE's four business lines. The balance of Chapter III comprises strategic plans for 23 areas of science and technology at Argonne, grouped according to the four DOE business lines. The Laboratory's 14 major initiatives, presented in Chapter IV, propose important advances in key areas of fundamental science and technology development. The ''Operations and Infrastructure Strategic Plan'' in Chapter V includes

  17. COAL GEOLOGY

    Institute of Scientific and Technical Information of China (English)

    2014-01-01

    <正>20140318Chen Xinwei(Reserves Evaluation Center of Xinjiang,Urumqi 830000,China);Li Shaohu Analysis on Sequence Stratigraphy Based on Jurassic Outcrop in Kuqa-Bai Coalfield(Xinjiang Geology,ISSN1000-8845,CN65-1092/P,32(1),2013,p.77-82,2illus.,12refs.,with English abstract)Key words:sequence stratigraphy,coal accumulation regularity,Xinjiang

  18. Coal-93

    International Nuclear Information System (INIS)

    The following report deals with the use of coal and coke during 1992. Some information about technics, environmental questions and markets are also given. The use of steamcoal for heating purposes has been reduced by about 10 percent during 1992 to the level of 1.1 million ton. This is the case for both heat generating boilers and co-generation boilers. On the other hand, the electricity production in the cogeneration plants have increased, mainly for tax reasons. The minor plants have increased their use of forest fuels, LPG and NG. During 1987 coal was used in 18 hotwater plants and 11 cogeneration plants. For 1992 these figures are 5 and 9. Taxes and environmental reasons explain this trend. The industry has reduced its use of steamcoal by 140 000 tons to about 700 000 tons. The reason is a cut down of production in particularly the cement industry and the mineral wool industry. The steamcoal import was 1.2 million tons during 1992, the same as the year before. The import has been lower than the consumption during the last years. The companies have reduced their stocks because of changed laws about emergency stocks. The average price of steamcoal imported in Sweden in 1992 was 272 SEK/ton or 25 SEK/ton lower than in 1991. The coal market during 1992 was affected by smaller consumption in Europe, shut downs of European mines and decreasing prices. Among other things independent mines in Russia and Poland have dumped low quality coals. A structuring of both process and quality has now begun. Western companies have for instance started joint ventures with Russian companies and supplied washing- and classifying equipments. All Swedish plants meet their emission limits of dust, SO2 and NOx given by county administrations or concession boards. 13 tabs

  19. Coal industry annual 1993

    International Nuclear Information System (INIS)

    Coal Industry Annual 1993 replaces the publication Coal Production (DOE/FIA-0125). This report presents additional tables and expanded versions of tables previously presented in Coal Production, including production, number of mines, Productivity, employment, productive capacity, and recoverable reserves. This report also presents data on coal consumption, coal distribution, coal stocks, coal prices, coal quality, and emissions for a wide audience including the Congress, Federal and State agencies, the coal industry, and the general public. In addition, Appendix A contains a compilation of coal statistics for the major coal-producing States. This report does not include coal consumption data for nonutility Power Producers who are not in the manufacturing, agriculture, mining, construction, or commercial sectors. This consumption is estimated to be 5 million short tons in 1993

  20. Coal industry annual 1993

    Energy Technology Data Exchange (ETDEWEB)

    1994-12-06

    Coal Industry Annual 1993 replaces the publication Coal Production (DOE/FIA-0125). This report presents additional tables and expanded versions of tables previously presented in Coal Production, including production, number of mines, Productivity, employment, productive capacity, and recoverable reserves. This report also presents data on coal consumption, coal distribution, coal stocks, coal prices, coal quality, and emissions for a wide audience including the Congress, Federal and State agencies, the coal industry, and the general public. In addition, Appendix A contains a compilation of coal statistics for the major coal-producing States. This report does not include coal consumption data for nonutility Power Producers who are not in the manufacturing, agriculture, mining, construction, or commercial sectors. This consumption is estimated to be 5 million short tons in 1993.

  1. Coal -94

    International Nuclear Information System (INIS)

    This report deals with use of coal and coke during 1993; information about techniques, environmental questions and markets are also given. Use of steamcoal for heating purposes has been reduced about 3 % during 1993 to 1,0 mill tons. This is the case especially for the heat generating boilers. Production in co-generation plants has been constant and has increased for electricity production. Minor plants have increased their use of forest fuels, LPG and NG. Use of steamcoal will probably go down in the immediate years both in heat generating and co-generating plants. Coal-based electricity has been imported from Denmark during 1993 corresponding to about 400 000 tons of coal, when several of our nuclear plants were stopped. Use of steamcoal in the industry has been constant at 700 000 tons. This level is supposed to be constant or to vary with business cycles. The import of metallurgical coal in 1993 was 1,6 mill tons like the year before. 1,2 mill tons coke were produced. Coke consumption in industry was 1,4 mill tons. 0,2 mill tons of coke were imported. Average price of steamcoal imported to Sweden in 1993 was 308 SEK/ton or 13 % higher than in 1992; this can be explained by the dollar price level increasing 34% in 1993. For the world, the average import price was 50,0 USD/ton, a decrease of 6 %. The coal market during 1993 was affected by less consumption in Europe, shut downs of European mines and decreasing prices. High freight price raises in Russia has affected the Russian export and the market in northern Europe. The prices have been stabilized recently. All Swedish plants meet emission limits of dust, SO2 and NOx. Co-generation plants all have some sort of SO2-removal system; the wet-dry method is mostly used. A positive effect of the recently introduced NOx-duties is a 40% reduction

  2. Coal blending and coal homogenisation facilities

    Energy Technology Data Exchange (ETDEWEB)

    Toerslev Jensen, P. [I/S ELSAM, Fredericia (Denmark)

    1997-12-31

    Blending is becoming increasingly important as a way of improving the quality of coal fired in power plants. This paper gives a basic description of the purposes of coal blending. Although indices for estimating (properties, slagging and fouling propensity, reactivity, etc.) of coal and coal blends exist, these are not considered reliable for coals of widely different origin, and experience will be emphasised as a better tool. The pros and cons of different blending methods are discussed together with the environmental impact of coal blending facilities. Finally, the blending facilities of ELSAM, a power pool serving the western part of Denmark, are described. 7 refs., 5 figs., 4 tabs.

  3. Equity-premium puzzle: evidence from Brazilian data

    Directory of Open Access Journals (Sweden)

    Rubens Penha Cysne

    2006-06-01

    Full Text Available This paper uses 1992:1-2004:2 quarterly data and two different methods (approximation under lognormality and calibration to evaluate the existence of an equity-premium puzzle in Brazil. In contrast with some previous works in the Brazilian literature, I conclude that the model used by Mehra and Prescott (1985, either with additive or recursive preferences, is not able to satisfactorily rationalize the equity premium observed in the Brazilian data. The second contribution of the paper is calling the attention to the fact that the utility function calculated under the discrete-state approximation may not exist if the data (as it is the case with Brazilian time series implies the existence of states in which high negative rates of consumption growth are attained with relatively high probability. This fact is particularly important when the researcher tries to work with high risk-aversion parameters in order to generate high risk premia.Este trabalho usa dados brasileiros do período 1992:1-2004:2 e dois diferentes métodos (aproximação sob a hipótese de lognormalidade e calibração para avaliar a existência de um "equity-premium puzzle" no Brasil. Em contraste com alguns trabalhos prévios da literatura nacional, conclui-se que o modelo usado por Mehra and Prescott (1985, seja com preferências aditivas ou recursivas, não é capaz de gerar o prêmio de risco observado na economia brasileira. A segunda contribuição do trabalho é chamar a atenção para o fato de que a função utilidade calculada sob a hipótese de aproximação discreta do espaço de estados pode não existir se os dados (como é o caso no Brasil implicarem a existência de estados nos quais taxas altamente negativas de crescimento do consumo são alcançadas com probabilidade demasiado elevadas. Este fato é particularmente importante quando se tenta utilizar parâmetros de aversão ao risco altos o suficiente para gerar o prêmio de risco inerente ao caso brasileiro.

  4. Plan–Provider Integration, Premiums, and Quality in the Medicare Advantage Market

    Science.gov (United States)

    Frakt, Austin B; Pizer, Steven D; Feldman, Roger

    2013-01-01

    Objective. To investigate how integration between Medicare Advantage plans and health care providers is related to plan premiums and quality ratings. Data Source. We used public data from the Centers for Medicare and Medicaid Services (CMS) and the Area Resource File and private data from one large insurer. Premiums and quality ratings are from 2009 CMS administrative files and some control variables are historical. Study Design. We estimated ordinary least-squares models for premiums and plan quality ratings, with state fixed effects and firm random effects. The key independent variable was an indicator of plan–provider integration. Data Collection. With the exception of Medigap premium data, all data were publicly available. We ascertained plan–provider integration through examination of plans’ websites and governance documents. Principal Findings. We found that integrated plan–providers charge higher premiums, controlling for quality. Such plans also have higher quality ratings. We found no evidence that integration is associated with more generous benefits. Conclusions. Current policy encourages plan–provider integration, although potential effects on health insurance products and markets are uncertain. Policy makers and regulators may want to closely monitor changes in premiums and quality after integration and consider whether quality improvement (if any) justifies premium increases (if they occur). PMID:23800017

  5. Promoting the market and system integration of renewable energies through premium schemes—A case study of the German market premium

    International Nuclear Information System (INIS)

    With the share of renewable energies within the electricity sector rising, improving their market and system integration is of increasing importance. By offering plant operators a premium on top of the electricity market price, premium schemes represent an option to increase the alignment of renewable electricity production with market signals, and have been implemented by several EU member states. This paper examines the case study of the German market premium scheme adopted in 2012. Building on an evaluation of early experiences, we discuss whether the market premium contributes to the aims of market and/or system integration (effectiveness), and what potential efficiency gains and additional costs of “administering integration” are associated with it (efficiency). While exposing renewables to price risks is not the scheme’s purpose, it has successfully increased participation in direct marketing. However, risks of overcompensating producers for marketing and balancing costs are high, and the benefits of gradually leading plant operators towards the market are questionable. Incentives for demand-oriented production are established, but they seem insufficient particularly in the case of intermittent renewable energy sources. To conclude, we provide an outlook on alternative designs of premium schemes, and discuss whether they seem better suited for addressing the challenges ahead. - Highlights: • Premium schemes are used to align renewable energy sources (RES) with market signals. • We examine the effectiveness and efficiency of the German market premium scheme. • Participation in direct marketing has increased, but so have support costs. • For intermittent RES, incentives for demand-oriented production are insufficient. • Efficiency gains from exposing RES to market risks entail several trade-offs

  6. Tiger team assessment of the Argonne Illinois site

    Energy Technology Data Exchange (ETDEWEB)

    1990-10-19

    This report documents the results of the Department of Energy's (DOE) Tiger Team Assessment of the Argonne Illinois Site (AIS) (including the DOE Chicago Operations Office, DOE Argonne Area Office, Argonne National Laboratory-East, and New Brunswick Laboratory) and Site A and Plot M, Argonne, Illinois, conducted from September 17 through October 19, 1990. The Tiger Team Assessment was conducted by a team comprised of professionals from DOE, contractors, consultants. The purpose of the assessment was to provide the Secretary of Energy with the status of Environment, Safety, and Health (ES H) Programs at AIS. Argonne National Laboratory-East (ANL-E) is the principal tenant at AIS. ANL-E is a multiprogram laboratory operated by the University of Chicago for DOE. The mission of ANL-E is to perform basic and applied research that supports the development of energy-related technologies. There are a significant number of ES H findings and concerns identified in the report that require prompt management attention. A significant change in culture is required before ANL-E can attain consistent and verifiable compliance with statutes, regulations and DOE Orders. ES H activities are informal, fragmented, and inconsistently implemented. Communication is seriously lacking, both vertically and horizontally. Management expectations are not known or commondated adequately, support is not consistent, and oversight is not effective.

  7. Microscopic optical potential from Argonne inter-nucleon potentials

    International Nuclear Information System (INIS)

    In the present work we describe our results concerning the calculation of equation of state of symmetric zero temperature nuclear matter and the microscopic optical potential using the soft-core Argonne inter-nucleon potentials in first order Brueckner–Hartree–Fock (BHF) theory. The nuclear matter saturates at a density 0.228 nucleon/fm3 with 17.52 MeV binding energy per nucleon for Argonne av-14 and at 0.228 nucleon/fm3 with 17.01 MeV binding energy per nucleon for Argonne av-18. As a test case we present an analysis of 65 and 200 MeV protons scattering from 208Pb. The Argonne av-14 has been used for the first time to calculate nucleon optical potential in BHF and analyze the nucleon scattering data. We also compare our reaction matrix results with those using the old hard-core Hamada–Johnston and the soft-core Urbana uv-14 and Argonne av-18 inter-nucleon potentials. Our results indicate that the microscopic potential obtained using av-14 gives marginally better agreement with the experimental data than the other three Hamiltonians used in the present work. (author)

  8. Tiger team assessment of the Argonne Illinois site

    International Nuclear Information System (INIS)

    This report documents the results of the Department of Energy's (DOE) Tiger Team Assessment of the Argonne Illinois Site (AIS) (including the DOE Chicago Operations Office, DOE Argonne Area Office, Argonne National Laboratory-East, and New Brunswick Laboratory) and Site A and Plot M, Argonne, Illinois, conducted from September 17 through October 19, 1990. The Tiger Team Assessment was conducted by a team comprised of professionals from DOE, contractors, consultants. The purpose of the assessment was to provide the Secretary of Energy with the status of Environment, Safety, and Health (ES ampersand H) Programs at AIS. Argonne National Laboratory-East (ANL-E) is the principal tenant at AIS. ANL-E is a multiprogram laboratory operated by the University of Chicago for DOE. The mission of ANL-E is to perform basic and applied research that supports the development of energy-related technologies. There are a significant number of ES ampersand H findings and concerns identified in the report that require prompt management attention. A significant change in culture is required before ANL-E can attain consistent and verifiable compliance with statutes, regulations and DOE Orders. ES ampersand H activities are informal, fragmented, and inconsistently implemented. Communication is seriously lacking, both vertically and horizontally. Management expectations are not known or commondated adequately, support is not consistent, and oversight is not effective

  9. Design of a single-cavity harmonic buncher for Argonne's low-beta heavy-ion linac

    International Nuclear Information System (INIS)

    In order to increase the beam capture efficiency of Argonne's heavy-ion linac to over 70%, a single cavity harmonic buncher has been designed as a replacement for the existing fundamental frequency buncher. Because the beam line space between the 1.5-MeV Xe+1 preaccelerator and first accelerating cavity is at a premium, especially in the tunnel area near the preaccelerator, a single-cavity design was undertaken. In addition, to further conserve access space, the cavity was designed to fit directly beneath the beam line. The cavity is designed to resonate at the fundamental linac frequency of 12.5 MHz and its first harmonic, 25 MHz. This was accomplished by nesting the 25-MHz resonant section inside the larger 12.5-MHz resonant section. Both sections are heavily capacitively loaded, folded coaxial lines with two 0.008-m accelerating gaps per section. The cavity was designed using a transmission line model taking account of the capacitances of each discontinuity and by use of the RF cavity computer program Superfish. The transit time factor for the cavity gaps was calculated using the computer program Poisson and are 0.44 for the 25-MHz section and 0.70 for the 12.5 MHz section. The transit time factors are poor because of the large linac aperture of 0.049 m

  10. Mild coal pretreatment to improve liquefaction reactivity. Final technical report, September 1990--February 1994

    Energy Technology Data Exchange (ETDEWEB)

    Miller, R.L.; Shams, K.G.

    1994-07-01

    Recent research efforts in direct coal liquefaction are focused on lowering the level of reaction severity, identification and determination of the causes of retrogressive reactions, and improving the economics of the process. Ambient pretreatment of coals using methanol and a trace amount of hydrochloric acid was extensively studied in connection with low severity coal liquefaction. Ambient pretreatment of eight Argonne coals using methanol/HCl improved THF-soluble conversions 24.5 wt % (maf basis) for Wyodak subbituminous coal and 28.4 wt % for Beulah-Zap lignite with an average increase of 14.9 wt % for the eight Argonne coals at 623 K (350{degrees}C) reaction temperature and 30 minutes reaction time. Optimal pretreatment conditions were determined using Wyodak and Illinois No. 6 coals. Acid concentration was the most important pretreatment variable studied; liquefaction reactivity increased with increasing acid concentration up to 2 vol %. The FTIR spectra of treated and untreated Wyodak coal samples demonstrated formation of carboxylic functional groups during pretreatment, a result of divalent (Ca, Mg) cationic bridge destruction. The extent of liquefaction reactivity directly correlated with the amount of calcium removed during pretreatment, and results from calcium ``addback`` experiments supported the observation that calcium adversely affected coal reactivity at low severity reaction conditions. Model compound studies using benzyl phenyl ether demonstrated that calcium cations catalyzed retrogressive reactions, inhibited hydrogenation reactions at low severity reaction conditions, and were more active at higher reaction temperatures. Based on kinetic data, mechanisms for hydrogenation-based inhibition and base-catalyzed retrogressive reactions are proposed. The base-catalyzed retrogressive reactions are shown to occur via a hydrogen abstraction mechanism where hydrogenation inhibition reactions are shown to take place via a surface quenching mechanism.

  11. A "LHC Premium" for Early Career Researchers? Perceptions from within

    CERN Document Server

    Camporesi, Tiziano; Florio, Massimo; Giffoni, Francesco

    2016-01-01

    More than 36,000 students and post-docs will be involved in experiments at the Large Hadron Collider (LHC) until 2025. Do they expect that their learning experience will have an impact on their professional future? By drawing from earlier salary expectations literature, this paper proposes a framework aiming at explaining the professional expectations of early career researchers (ECR) at the LHC. Results from different ordered logistic models suggest that experiential learning at LHC positively correlates with both current and former students' salary expectations. At least two not mutually exclusive explanations underlie such a relationship. First, the training at LHC gives early career researchers valuable expertise, which in turn affects salary expectations; secondly, respondents recognise that the LHC research experience per se may act as a signal in the labour market. Respondents put a price tag on their experience at LHC, a "salary premium" ranging from 5% to 12% in terms of future salaries compared with...

  12. Portfolio size as funktion of the premium: modeling and optimization

    DEFF Research Database (Denmark)

    Asmussen, Søren; Christensen, Bent Jesper; Taksar, Michael I

    An insurance company has a large number N of potential customers characterized by i.i.d. r.v.'s A1,…,AN giving the arrival rates of claims. Customers are risk averse, and a customer accepts an offered premium p according to his A-value. The modeling further involves a discount rate d>r of customers...... minimizing the ruin probability is derived in a diffusion approximation to the Cramér-Lundberg risk process with an added liability rate L of the company. The solution involves the Lambert W function. Similar discussion is given for extensions involving customers having only partial information on their A...... and stochastic discount rates....

  13. Effect of Frozen Storage Temperature on the Quality of Premium Ice Cream

    OpenAIRE

    Park, Sung Hee; Jo, Yeon-Ji; Chun, Ji-Yeon; Hong, Geun-Pyo; Davaatseren, Munkhtugs; Choi, Mi-Jung

    2015-01-01

    The market sales of premium ice cream have paralleled the growth in consumer desire for rich flavor and taste. Storage temperature is a major consideration in preserving the quality attributes of premium ice cream products for both the manufacturer and retailers during prolonged storage. We investigated the effect of storage temperature (−18℃, −30℃, −50℃, and −70℃) and storage times, up to 52 wk, on the quality attributes of premium ice cream. Quality attributes tested included ice crystal si...

  14. Optimal dynamic premium control in non-life insurance. Maximizing dividend pay-outs

    DEFF Research Database (Denmark)

    Højgaard, Bjarne

    2002-01-01

    loading with the possibility of gaining or loosing customers. It distributes dividends according to a 'barrier strategy' and the objective of the company is to find an optimal premium policy and dividend barrier maximizing the expected total, discounted pay-out of dividends. In the case of exponential......In this paper we consider the problem of finding optimal dynamic premium policies in non-life insurance. The reserve of a company is modeled using the classical Cramér-Lundberg model with premium rates calculated via the expected value principle. The company controls dynamically the relative safety...

  15. On Expectations, Term Premiums and the Volatility of Long-Term Interest Rates

    OpenAIRE

    James E. Pesando

    1980-01-01

    The paper first identifies how large must be the range in which ex ante yields on long-relative to short-term bonds vary if term premiums -- are to account for a significant fraction of the variance of the holding- period yields on long-term bonds. This paper then extends Shiller's bound to the case of a time-varying term premium and readily identifies the variance in the term premium necessary to salvage the efficient markets model if the variance of these holding-period yields exceeds the b...

  16. Equity Risk Premium and Time Horizon : What do the U.S. Secular Data Say ?

    OpenAIRE

    Georges Prat

    2010-01-01

    An ex-ante equity risk premium is the difference between the expected return of a risky asset at time t for a given future time horizon and an equivalent maturity risk-free interest rate. Using annual US secular data from 1871 to 2008, this study aims to model simultaneously the measures and the explanations of ex-ante equity risk premia for two polar horizons: the one period ahead horizon (i.e. the "short term" premium) and the infinite time horizon (i.e. the "long term" premium). Expectatio...

  17. An empirical analysis of the external finance premium of public non-financial corporations in Brazil

    Directory of Open Access Journals (Sweden)

    Fernando N. de Oliveira

    2012-09-01

    Full Text Available Our objective in this paper is to analyze empirically the relationship between the external finance premium of non-financial corporations in Brazil with their default probability and with their demand for inventories. As for the former relation, we find that corporations that have greater external finance premium have greater probability of default. As for the latter, we find that the external finance premium is positive and statistically significantly correlated. The results confirm previous results of the literature that indicate that the balance sheet channel of monetary policy is relevant in Brazil.

  18. Consumer Willingness to Pay a Premium for Halal Goat Meat: A Case from Atlanta, Georgia

    OpenAIRE

    Ibrahim, Mohammed

    2011-01-01

    The growth in goat meat demand is attributed to the influx of immigrants from goat-meat-eating countries into the U.S. This Paper examines the willingness to pay a premium for halal goat meat. The factors that significantly impact the willingness to pay a premium for halal goat meat in Atlanta include income, current consumption, household size, and marital status. Results suggest that the mean willingness to pay a premium for the halal attribute is 50 cents per pound of goat meat.

  19. Development and testing of a high efficiency advanced coal combustor phase III industrial boiler retrofit. Technical progress report No. 17, 18 and 19, September 30, 1991--December 31, 1996

    Energy Technology Data Exchange (ETDEWEB)

    Borio, R.W.; Patel, R.L.; Thornock, D.E. [and others

    1996-07-29

    The objective of this project is to retrofit a burner, capable of firing microfine coal, to a standard gas/oil designed industrial boiler to assess the technical and economic viability of displacing premium fuels with microfine coal. This report documents the technical aspects of this project during the last three quarters [seventeenth (October `95 through December `95), eighteenth (January `96 through March `96), and nineteenth (April `96 through June `96)] of the program.

  20. Computational Science at the Argonne Leadership Computing Facility

    Science.gov (United States)

    Romero, Nichols

    2014-03-01

    The goal of the Argonne Leadership Computing Facility (ALCF) is to extend the frontiers of science by solving problems that require innovative approaches and the largest-scale computing systems. ALCF's most powerful computer - Mira, an IBM Blue Gene/Q system - has nearly one million cores. How does one program such systems? What software tools are available? Which scientific and engineering applications are able to utilize such levels of parallelism? This talk will address these questions and describe a sampling of projects that are using ALCF systems in their research, including ones in nanoscience, materials science, and chemistry. Finally, the ways to gain access to ALCF resources will be presented. This research used resources of the Argonne Leadership Computing Facility at Argonne National Laboratory, which is supported by the Office of Science of the U.S. Department of Energy under contract DE-AC02-06CH11357.

  1. Coal-oil coprocessing at HTI - development and improvement of the technology

    Energy Technology Data Exchange (ETDEWEB)

    Stalzer, R.H.; Lee, L.K.; Hu, J.; Comolli, A. [Hydrocarbon Technologies, Inc., Lawrenceville, NJ (United States)

    1995-12-31

    Co-Processing refers to the combined processing of coal and petroleum-derived heavy oil feedstocks. The coal feedstocks used are those typically utilized in direct coal liquefaction: bituminous, subbituminous, and lignites. Petroleum-derived oil, is typically a petroleum residuum, containing at least 70 W% material boiling above 525{degrees}C. The combined coal and oil feedstocks are processed simultaneously with the dual objective of liquefying the coal and upgrading the petroleum-derived residuum to lower boiling (<525{degrees}C) premium products. HTI`s investigation of the Co-Processing technology has included work performed in laboratory, bench and PDU scale operations. The concept of co-processing technology is quite simple and a natural outgrowth of the work done with direct coal liquefaction. A 36 month program to evaluate new process concepts in coal-oil coprocessing at the bench-scale was begun in September 1994 and runs until September 1997. Included in this continuous bench-scale program are provisions to examine new improvements in areas such as: interstage product separation, feedstock concentrations (coal/oil), improved supported/dispersed catalysts, optimization of reactor temperature sequencing, and in-line hydrotreating. This does not preclude other ideas from DOE contracts and other sources that can lead to improved product quality and economics. This research work has led to important findings which significantly increased liquid yields, improved product quality, and improved process economics.

  2. COMPCOAL{trademark}: A profitable process for production of a stable high-Btu fuel from Powder River Basin coal

    Energy Technology Data Exchange (ETDEWEB)

    Smith, V.E.; Merriam, N.W.

    1994-10-01

    Western Research Institute (WRI) is developing a process to produce a stable, clean-burning, premium fuel from Powder River Basin (PRB) coal and other low-rank coals. This process is designed to overcome the problems of spontaneous combustion, dust formation, and readsorption of moisture that are experienced with PRB coal and with processed PRB coal. This process, called COMPCOAL{trademark}, results in high-Btu product that is intended for burning in boilers designed for midwestern coals or for blending with other coals. In the COMPCOAL process, sized coal is dried to zero moisture content and additional oxygen is removed from the coal by partial decarboxylation as the coal is contacted by a stream of hot fluidizing gas in the dryer. The hot, dried coal particles flow into the pyrolyzer where they are contacted by a very small flow of air. The oxygen in the air reacts with active sites on the surface of the coal particles causing the temperature of the coal to be raised to about 700{degrees}F (371{degrees}C) and oxidizing the most reactive sites on the particles. This ``instant aging`` contributes to the stability of the product while only reducing the heating value of the product by about 50 Btu/lb. Less than 1 scf of air per pound of dried coal is used to avoid removing any of the condensible liquid or vapors from the coal particles. The pyrolyzed coal particles are mixed with fines from the dryer cyclone and dust filter and the resulting mixture at about 600{degrees}F (316{degrees}C) is fed into a briquettor. Briquettes are cooled to about 250{degrees}F (121{degrees}C) by contact with a mist of water in a gas-tight mixing conveyor. The cooled briquettes are transferred to a storage bin where they are accumulated for shipment.

  3. Remote dismantlement activities for the Argonne CP-5 Research Reactor

    International Nuclear Information System (INIS)

    The Department of Energy's (DOE's) Robotics Technology Development Program (RTDP) is participating in the dismantlement of a mothballed research reactor, Chicago Pile Number 5 (CP-5), at Argonne National Laboratory (ANL) to demonstrate technology developed by the program while assisting Argonne with their remote system needs. Equipment deployed for CP-5 activities includes the dual-arm work platform (DAWP), which will handle disassembly of reactor internals, and the RedZone Robotics-developed 'Rosie' remote work vehicle, which will perform size reduction of shield plugs, demolition of the biological shield, and waste packaging. Remote dismantlement tasks are scheduled to begin in February of 1997 and to continue through 1997 and beyond

  4. Performance model of the Argonne Voyager multimedia server

    Energy Technology Data Exchange (ETDEWEB)

    Disz, T.; Olson, R.; Stevens, R. [Argonne National Lab., IL (United States). Mathematics and Computer Science Div.

    1997-07-01

    The Argonne Voyager Multimedia Server is being developed in the Futures Lab of the Mathematics and Computer Science Division at Argonne National Laboratory. As a network-based service for recording and playing multimedia streams, it is important that the Voyager system be capable of sustaining certain minimal levels of performance in order for it to be a viable system. In this article, the authors examine the performance characteristics of the server. As they examine the architecture of the system, they try to determine where bottlenecks lie, show actual vs potential performance, and recommend areas for improvement through custom architectures and system tuning.

  5. Argonne's contribution to regional development : successful examples.

    Energy Technology Data Exchange (ETDEWEB)

    Chang, Y. I.

    2000-11-14

    Argonne National Laboratory's mission is basic research and technology development to meet national goals in scientific leadership, energy technology, and environmental quality. In addition to its core missions as a national research and development center, Argonne has exerted a positive impact on its regional economic development, has carried out outstanding educational programs not only for college/graduate students but also for pre-college students and teachers, and has fostered partnerships with universities for research collaboration and with industry for shaping the new technological frontiers.

  6. Photographic as-builts for Argonne National Laboratory-West

    Energy Technology Data Exchange (ETDEWEB)

    Sherman, E.K.; Wiegand, C.V.

    1995-04-19

    Located 35 miles West of Idaho Falls, Idaho, Argonne National Laboratory-West operates a number of nuclear facilities for the Department of Energy (DOE) through the University of Chicago. Part of the present mission of Argonne National Laboratory-West includes shutdown of the EBR-II Reactor. In order to accomplish this task the Engineering-Drafting Department is exploring cost effective methods of providing as-building services. A new technology of integrating photographic images and AUTOCAD drawing files is considered one of those methods that shows promise.

  7. 5 CFR 892.205 - May I waive participation in premium conversion after the initial implementation?

    Science.gov (United States)

    2010-01-01

    ...-TAX PAYMENT OF HEALTH BENEFITS PREMIUMS Eligibility and Participation § 892.205 May I waive... annuitant. Employees who leave Federal service and are rehired after a three-day break in service or in...

  8. An alternative computational method for finding the minimum-premium insurance portfolio

    Science.gov (United States)

    Katsikis, Vasilios N.

    2016-06-01

    In this article, we design a computational method, which differs from the standard linear programming techniques, for computing the minimum-premium insurance portfolio. The corresponding algorithm as well as a Matlab implementation are provided.

  9. The application of variable sampling method in the audit testing of insurance companies' premium income

    Directory of Open Access Journals (Sweden)

    Jovković Biljana

    2012-12-01

    Full Text Available The aim of this paper is to present the procedure of audit sampling using the variable sampling methods for conducting the tests of income from insurance premiums in insurance company 'Takovo'. Since the incomes from the insurance premiums from vehicle insurance and third-party vehicle insurance have the dominant share of the insurance company's income, the application of this method will be shown in the audit examination of these incomes - incomes from VI and TPVI premiums. For investigating the applicability of these methods in testing the income of other insurance companies, we shall implement the method of variable sampling in the audit testing of the premium income from the three leading insurance companies in Serbia, 'Dunav', 'DDOR' and 'Delta Generali' Insurance.

  10. Coal processing and utilization

    Science.gov (United States)

    Schilling, H.-D.

    1980-04-01

    It is noted that the rising price of oil as well as supply concerns have lead to an increase in the use of coal. It is shown that in order for coal to take a greater role in energy supply, work must commence now in the areas of coal extraction and processing. Attention is given to new technologies such as coke production, electricity and heat generation, coal gasification, and coal liquifaction. Also covered are a separator for nitrogen oxides and active coal regeneration. Finally, the upgrading of coal is examined.

  11. National Brand Positioning in the Swedish Meat Market : How to maintain a price premium

    OpenAIRE

    Rigaud,, Maxime,; Shao, Tianlin

    2012-01-01

    A global trend of decreased Willingness to pay(WTP) price premiums for national brands prevails.In this paper, the authors shed light on how national brands(NBs) can best defend their pricepremiums towards Private labels(PLs). This is done through studying what factors drives the WTPprice premiums for national brands and what attributes are important when consumers buy meatproducts.With inputs from the literature and conducted focus groups, a questionnaire testing our constructedhypothesis an...

  12. Demand of Insurance under the Cost-of-Capital Premium Calculation Principle

    Directory of Open Access Journals (Sweden)

    Michael Merz

    2014-06-01

    Full Text Available We study the optimal insurance design problem. This is a risk sharing problem between an insured and an insurer. The main novelty in this paper is that we study this optimization problem under a risk-adjusted premium calculation principle for the insurance cover. This risk-adjusted premium calculation principle uses the cost-of-capital approach as it is suggested (and used by the regulator and the insurance industry.

  13. ASSESSMENT OF COMBINED HEAT AND POWER SYSTEM "PREMIUM POWER" APPLICATIONS IN CALIFORNIA

    OpenAIRE

    Norwood, Zack

    2010-01-01

    The effectiveness of combined heat and power (CHP) systems for power interruption intolerant, "premium power," facilities is the focus of this study. Through three real-world case studies and economic cost minimization modeling, the economic and environmental performance of "premium power" CHP is analyzed. The results of the analysis for a brewery, data center, and hospital lead to some interesting conclusions about CHP limited to the specific CHP technologies installed at those sites. Firs...

  14. Equity Premium and Dividend Yield regressions: A lot of noise, little information, confusing results

    OpenAIRE

    Valkanov, Rossen

    1999-01-01

    Suppose that the equity premium is forecasted by dividend yields. Even if such a relationship does exist, there is so much noise in the equity premium that estimation, inference and forecasting cannot be carried out using the faint signal coming from the dividend yields. For analyzing equity/dividend data, it is useful to quantify the signal in a given sample. We define an index of signal strength or information accumulation, by renormalizing the signal to noise ratio. The novelty in our para...

  15. Tournaments and Piece Rates Revisited: A Theoretical and Experimental Study of Premium Incentives

    OpenAIRE

    Güth, Werner; Levínský, René; Pull, Kerstin; Weisel, Ori

    2010-01-01

    Tournaments represent an increasingly important component of organizational compensation systems. While prior research focused on fixed-prize tournaments, i.e., on tournaments where the prize or prize sum to be awarded is set in advance, we introduce a new type of tournament into the literature: premium incentives. While premium incentives, just like fixed-prize tournaments, are based on relative performance, the prize to be awarded is not set in advance but is a function of the firm's succes...

  16. Canonical term-structure models with observable factors and the dynamics of bond risk premiums

    OpenAIRE

    Marcello Pericoli; Marco Taboga

    2006-01-01

    We study the dynamics of risk premiums on the German bond market, employing no-arbitrage term-structure models with both observable and unobservable state variables, recently popularized by Ang and Piazzesi (2003). We conduct a specification analisys based on a new canonical representation for this class of models. We find that risk premiums display a considerable variability over time, are strongly counter-cyclical and bear no significant relation to inflation.

  17. Are There Price Premiums for Certified Wood?Empirical Evidence from Log Auction Data in Japan

    OpenAIRE

    Yuki Yamamoto; Kenji Takeuchi; Takayoshi Shinkuma

    2012-01-01

    By using data on more than 38,000 log auction transactions from market in Shizuoka Prefecture, Japan, we estimate whether there is a price premium for certification of sustainable forest management. We found a positive and significant effect of certification for logs, especially in the smaller diameter category. The reason for the difference between diameter size can be attributed to demand from pulp and paper manufacturers. The premium found was 1.8% of the price of conventional logs, in the...

  18. The equity premium and the volatility spread: The role of risk-neutral skewness

    OpenAIRE

    Feunou, Bruno; Fontaine, Jean-Sébastien; Tedongap, Roméo

    2009-01-01

    We introduce the Homoscedastic Gamma [HG] model where the distribution of returns is characterized by its mean, variance and an independent skewness parameter under both measures. The model predicts that the spread between historical and risk-neutral volatilities is a function of the risk premium and of skewness. In fact, the equity premium is twice the ratio of the volatility spread to skewness. We measure skewness from option prices and test these predictions. We find that conditioning on s...

  19. Are Value, Size and Momentum Premiums in CEE Emerging Markets only Illusionary?

    OpenAIRE

    Adam Zaremba; Przemyslaw Konieczka

    2015-01-01

    The answer to the question posed in the title is mostly yes. Using sorting and cross-section, we investigate the impact of illiquidity and transaction costs on value, size and momentum premiums in 11 CEE stock markets (Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia) for the years 2000–2013. We find very high value and size premiums and strong synergy effects between value and momentum strategies. However, the impact of illiquidit...

  20. The Determinants Of Online Merchant’s Price Premium: Evidence From Russia

    OpenAIRE

    Evgeny A. Antipov

    2014-01-01

    Some Internet stores manage to charge prices that are significantly higher than market averages, therefore, obtaining some sort of price premium. This paper is dedicated to building a model that can be used to explain and predict a typical price premium that an Internet store charges for a specific product based on the information about the characteristics of the store and the features of the market for this product. Such models can provide support for pricing and assortment decisions: in par...

  1. Globalization, Technical Change, and the Skill Premium : Magnification Effects from Human-Capital Investments

    OpenAIRE

    Jürgen Meckel; Benjamin Weigert

    2003-01-01

    This paper shows that endogenous adjustments in the composition of labor supplies magnify the effects of changes in commodity prices on the measured skill premium under quite plausible conditions. These composition effects arise from decisions of individuals with heterogeneous inherent abilities about acquiring human capital. They reinforce the well-known Stolper-Samuelson effect on the measured skill premium in countries with a sufficiently high relative supply of skilled labor, but compensa...

  2. Controlling Shareholders and the Acquisition Premiums Paid in European Takeover Bids

    OpenAIRE

    M.F. Thraya; J. Hagendorff

    2010-01-01

    This paper examines the incentives of controlling shareholders in the market for corporate control. We investigate the takeover premiums paid by a sample of European acquiring firms with concentrated voting rights structures. The results show a positive relationship between takeover premiums and the bidder's concentration of both voting rights and excess voting rights over cash-flow rights. With higher levels of bidder entrenchment, the valuation of a takeover target increasingly reflects the...

  3. APEX user`s guide - (Argonne production, expansion, and exchange model for electrical systems), version 3.0

    Energy Technology Data Exchange (ETDEWEB)

    VanKuiken, J.C.; Veselka, T.D.; Guziel, K.A.; Blodgett, D.W.; Hamilton, S.; Kavicky, J.A.; Koritarov, V.S.; North, M.J.; Novickas, A.A.; Paprockas, K.R. [and others

    1994-11-01

    This report describes operating procedures and background documentation for the Argonne Production, Expansion, and Exchange Model for Electrical Systems (APEX). This modeling system was developed to provide the U.S. Department of Energy, Division of Fossil Energy, Office of Coal and Electricity with in-house capabilities for addressing policy options that affect electrical utilities. To meet this objective, Argonne National Laboratory developed a menu-driven programming package that enables the user to develop and conduct simulations of production costs, system reliability, spot market network flows, and optimal system capacity expansion. The APEX system consists of three basic simulation components, supported by various databases and data management software. The components include (1) the investigation of Costs and Reliability in Utility Systems (ICARUS) model, (2) the Spot Market Network (SMN) model, and (3) the Production and Capacity Expansion (PACE) model. The ICARUS model provides generating-unit-level production-cost and reliability simulations with explicit recognition of planned and unplanned outages. The SMN model addresses optimal network flows with recognition of marginal costs, wheeling charges, and transmission constraints. The PACE model determines long-term (e.g., longer than 10 years) capacity expansion schedules on the basis of candidate expansion technologies and load growth estimates. In addition, the Automated Data Assembly Package (ADAP) and case management features simplify user-input requirements. The ADAP, ICARUS, and SMN modules are described in detail. The PACE module is expected to be addressed in a future publication.

  4. Audit Fee Premiums: Pre and Post the Andersen Scandal and SOX

    Directory of Open Access Journals (Sweden)

    Nancy Manzhen Fan

    2014-10-01

    Full Text Available Purpose – This paper aims to examine audit fee premiums along the timeline from 2000 through 2005, a turbulent period of time in audit market with the demise of Author Anderson and passage of Sarbanes-Oxley Act (SOX. Design/methodology/approach – The paper employs the treatment effects model. Audit firms are classified into three segments: Big 5 (4 auditors, second-tier auditors (Grant Thornton and BDO Seidman, and third-tier auditors (others. Findings -- Before the demise of Andersen and the passage of SOX, there were no audit fee premiums, but there was a reverse trend afterward. While Big 4 auditors do not charge fee premiums over the second-tier auditors, the second-tier auditors’ charges audit fee premiums over the third-tier auditors. In addition, our findings show a selectivity bias between Big 5 (4 auditors and the second-tier auditors but no selectivity bias between the second- and third-tier auditors. Research limitations/implications – The paper focuses on the cost efficiency of auditor selection only and future research should explore the effects of auditor reputation, monopoly power and product differentiation of Big 4 auditors on audit fee premiums. Originality/value – The paper contributes to the extant audit premiums literature by utilizing treatment effect model in examining three tiers of auditors.

  5. Inorganic Constituents in Coal

    OpenAIRE

    Rađenović A.

    2006-01-01

    Coal contains not only organic matter but also small amounts of inorganic constituents. More thanone hundred different minerals and virtually every element in the periodic table have been foundin coal. Commonly found group minerals in coal are: major (quartz, pyrite, clays and carbonates),minor, and trace minerals. Coal includes a lot of elements of low mass fraction of the orderof w=0.01 or 0.001 %. They are trace elements connected with organic matter or minerals comprisedin coal. The fract...

  6. Assessing coal burnout

    Energy Technology Data Exchange (ETDEWEB)

    Lowe, A. [Pacific Power, Sydney, NSW (Australia)

    1999-11-01

    Recent research has allowed a quantitative description of the basic process of burnout for pulverized coals to be made. The Cooperative Research Centre for Black Coal Utilization has built on this work to develop a coal combustion model which will allow plant engineers and coal company representatives to assess their coals for combustion performance. The paper describes the model and its validation and outlines how it is run. 2 figs.

  7. Verification Survey of the Building 315 Zero Power Reactor-6 Facility, Argonne National Laboratory-East, Argonne, Illinois

    Energy Technology Data Exchange (ETDEWEB)

    W. C. Adams

    2007-05-25

    Oak Ridge Institute for Science and Education (ORISE) conducted independent verification radiological survey activities at Argonne National Laboratory’s Building 315, Zero Power Reactor-6 facility in Argonne, Illinois. Independent verification survey activities included document and data reviews, alpha plus beta and gamma surface scans, alpha and beta surface activity measurements, and instrumentation comparisons. An interim letter report and a draft report, documenting the verification survey findings, were submitted to the DOE on November 8, 2006 and February 22, 2007, respectively (ORISE 2006b and 2007).

  8. Coal data: A reference

    Energy Technology Data Exchange (ETDEWEB)

    1995-02-01

    This report, Coal Data: A Reference, summarizes basic information on the mining and use of coal, an important source of energy in the US. This report is written for a general audience. The goal is to cover basic material and strike a reasonable compromise between overly generalized statements and detailed analyses. The section ``Supplemental Figures and Tables`` contains statistics, graphs, maps, and other illustrations that show trends, patterns, geographic locations, and similar coal-related information. The section ``Coal Terminology and Related Information`` provides additional information about terms mentioned in the text and introduces some new terms. The last edition of Coal Data: A Reference was published in 1991. The present edition contains updated data as well as expanded reviews and additional information. Added to the text are discussions of coal quality, coal prices, unions, and strikes. The appendix has been expanded to provide statistics on a variety of additional topics, such as: trends in coal production and royalties from Federal and Indian coal leases, hours worked and earnings for coal mine employment, railroad coal shipments and revenues, waterborne coal traffic, coal export loading terminals, utility coal combustion byproducts, and trace elements in coal. The information in this report has been gleaned mainly from the sources in the bibliography. The reader interested in going beyond the scope of this report should consult these sources. The statistics are largely from reports published by the Energy Information Administration.

  9. Nuclear fuel cycle programs of Argonne's Chemical Engineering Division

    International Nuclear Information System (INIS)

    Argonne National Laboratory's Chemical Engineering Division is actively involved in the research, development and demonstration of nuclear fuel cycle technologies for the United States Department of Energy Advanced Fuel Cycle Initiative, Generation IV, and Yucca Mountain programs. This paper summarizes current technology development initiatives within the Division that address the needs of the United States' advanced nuclear energy programs. (authors)

  10. Three Argonne technologies win R&D 100 awards

    CERN Multimedia

    2003-01-01

    "Three technologies developed or co-developed at the U.S. Department of Energy's Argonne National Laboratory have been recognized with R&D 100 Awards, which highlight some of the best products and technologies from around the world" (1 page).

  11. Brookhaven Lab and Argonne Lab scientists invent a plasma valve

    CERN Multimedia

    2003-01-01

    Scientists from Brookhaven National Laboratory and Argonne National Laboratory have received U.S. patent number 6,528,948 for a device that shuts off airflow into a vacuum about one million times faster than mechanical valves or shutters that are currently in use (1 page).

  12. Argonne Laboratory Computing Resource Center - FY2004 Report.

    Energy Technology Data Exchange (ETDEWEB)

    Bair, R.

    2005-04-14

    In the spring of 2002, Argonne National Laboratory founded the Laboratory Computing Resource Center, and in April 2003 LCRC began full operations with Argonne's first teraflops computing cluster. The LCRC's driving mission is to enable and promote computational science and engineering across the Laboratory, primarily by operating computing facilities and supporting application use and development. This report describes the scientific activities, computing facilities, and usage in the first eighteen months of LCRC operation. In this short time LCRC has had broad impact on programs across the Laboratory. The LCRC computing facility, Jazz, is available to the entire Laboratory community. In addition, the LCRC staff provides training in high-performance computing and guidance on application usage, code porting, and algorithm development. All Argonne personnel and collaborators are encouraged to take advantage of this computing resource and to provide input into the vision and plans for computing and computational analysis at Argonne. Steering for LCRC comes from the Computational Science Advisory Committee, composed of computing experts from many Laboratory divisions. The CSAC Allocations Committee makes decisions on individual project allocations for Jazz.

  13. Argonne to open new facility for advanced vehicle testing

    CERN Multimedia

    2002-01-01

    Argonne National Laboratory will open it's Advanced Powertrain Research Facility on Friday, Nov. 15. The facility is North America's only public testing facility for engines, fuel cells, electric drives and energy storage. State-of-the-art performance and emissions measurement equipment is available to support model development and technology validation (1 page).

  14. Premium performance heating oil - Part 2, Field trial results

    Energy Technology Data Exchange (ETDEWEB)

    Jetter, S.M.; Hoskin, D.; McClintock, W.R. [Mobil Oil Corp., Paulsboro, NJ (United States)] [and others

    1996-07-01

    Limited field trial results of a heating oil additive package developed to minimize unscheduled maintenance indicate that it achieves its goal of keeping heating oil systems cleaner. The multifunctional additive package was developed to provide improved fuel oxidation stability, improved corrosion protection, and dispersency. This combination of performance benefits was chosen because we believed it would retard the formation of sludge, as well as allow sludge already present to be carried through the system without fouling the fuel system components (dispersency should keep sludge particles small so they pass through the filtering system). Since many unscheduled maintenance calls are linked to fouling of the fuel filtering system, the overall goal of this technology is to reduce these maintenance calls. Photographic evidence shows that the additive package not only reduces the amount of sludge formed, but even removes existing sludge from filters and pump strainers. This {open_quotes}clean-up{close_quotes} performance is provided trouble free: we found no indication that nozzle/burner performance was impaired by dispersing sludge from filters and pump strainers. Qualitative assessments from specific accounts that used the premium heating oil also show marked reductions in unscheduled maintenance.

  15. A Meta-Analysis of Geographical Indication Food Valuation Studies: What Drives the Premium for Origin-Based Labels?

    OpenAIRE

    Deselnicu, Oana C.; Costanigro, Marco; Souza-Monteiro, Diogo M.; McFadden, Dawn Thilmany

    2013-01-01

    We conduct a meta-analysis of studies estimating price premiums for agricultural products differentiated by Geographical Indication (GI). Models accounting for differences across product characteristics (food categories) and institutions (PDO, PGI, trademarks) explain a large portion of the variance in estimated premiums. Specifically, GIs capture the highest percentage premium in markets for products with short supply chains and relatively low added value (e.g., agricultural commodities). Th...

  16. Coal information 1996

    International Nuclear Information System (INIS)

    Coal Information (1997 edition) is the latest edition of a publication that has been produced annually by the IEA since 1983. The report is intended to provide both Member countries of the OECD and those employed in all sectors of the coal industry with information on current world coal market trends and long-term prospects. It includes information on coal prices, demand, trade, supply, production capacity, transport, environmental issues (including emission standards for coal-fired boilers), coal ports, coal-fired power stations and coal used in non -OECD countries. Part I of the publication contains a wide ranging review of world coal market developments in 1996 and current prospects to 2010. The review is based on historical data of OECD energy supply and demand, data on other world regions, projections of OECD coal supply, demand and trade and information provided by the CIAB. Part II provides, in tabular and graphical form, a more detailed and comprehensive statistical picture of coal developments and future prospects for coal in the OECD, by region and for individual Member countries. Readers interested in projections are strongly advised to read the notes for individual countries in Principles and Definitions in Part II. Coal statistics for non-OECD countries are presented in Part III of the book. Summary data are available on hard coal supply and end-use statistics for about 40 countries and regions world-wide. Data are based on official national submissions to the United Nations in Geneva and New York, national energy publications, information provided to the IEA Secretariat by national statistical offices as well as other unofficial Secretariat sources. Further information on coal used in non-OECD countries is published annually by the IEA in Energy Statistics and Balances of Non-OECD Countries. Also included in Part III are the Survey of Coal Ports world-wide and the Survey of Coal-fired Power Stations in coal-importing countries

  17. Solar coal gasification

    Science.gov (United States)

    Gregg, D. W.; Aiman, W. R.; Otsuki, H. H.; Thorsness, C. B.

    1980-01-01

    A preliminary evaluation of the technical and economic feasibility of solar coal gasification has been performed. The analysis indicates that the medium-Btu product gas from a solar coal-gasification plant would not only be less expensive than that from a Lurgi coal-gasification plant but also would need considerably less coal to produce the same amount of gas. A number of possible designs for solar coal-gasification reactors are presented. These designs allow solar energy to be chemically stored while at the same time coal is converted to a clean-burning medium-Btu gas.

  18. Hard coal; Steinkohle

    Energy Technology Data Exchange (ETDEWEB)

    Loo, Kai van de; Sitte, Andreas-Peter [Gesamtverband Steinkohle e.V., Herne (Germany)

    2012-07-01

    While the black coal markets are expanding worldwide in 2011, the consumption of black coal in Germany stagnated in spite of positive economic impacts. A strong long-term decline may be expected by the structural change in the energy sector and the energy policy turnaround in Germany. Also, the accelerated phasing out nuclear power in 2011 brought any increases for the black coal. Now the discharge of domestic black coal until 2018 has become definitive. The imported coal now covers almost 80 % of the German black coal market.

  19. Clean coal technology

    International Nuclear Information System (INIS)

    Coal is the major source of energy in India at present as well as in foreseeable future. With gradual deterioration in coal quality as well as increased awareness on environmental aspects, clean coal technologies have to be adopted by major coal consuming sectors. The probable routes of restricting environmental degradation in power generation include beneficiation of power coal for maintaining consistency in coal supply and reducing pollutant emission, adoption of fluidized bed combustion on a larger scale, adoption of technologies for controlling SOx and NOx emission during and after combustion, adoption of larger capacity and improved and non-recovery type coke ovens

  20. Coal desulfurization process

    Science.gov (United States)

    Hsu, G. C.; Gavalas, G. R.; Ganguli, P. S.; Kalfayan, S. H.

    1978-01-01

    A method for chlorinolysis of coal is an organic solvent at a moderate temperautre and atmospheric pressure has been proven to be effective in removing sulfur, particularly the organic sulfur, from coal. Chlorine gas is bubbled through a slurry of moist coal in chlorinated solvent. The chlorinated coal is separated, hydrolyzed and the dechlorinated. Preliminary results of treating a high sulfutr (4.77%S) bituminous coal show that up to 70% organic sulfur, 90% hyritic sulfur and 76% total sulfur can be removed. The treated coal is dechlorinated by heating at 500 C. The presence of moisture helps to remove organic sulfur.

  1. Coal extraction - environmental prediction

    Energy Technology Data Exchange (ETDEWEB)

    C. Blaine Cecil; Susan J. Tewalt

    2002-08-01

    To predict and help minimize the impact of coal extraction in the Appalachian region, the U.S. Geological Survey (USGS) is addressing selected mine-drainage issues through the following four interrelated studies: spatial variability of deleterious materials in coal and coal-bearing strata; kinetics of pyrite oxidation; improved spatial geologic models of the potential for drainage from abandoned coal mines; and methodologies for the remediation of waters discharged from coal mines. As these goals are achieved, the recovery of coal resources will be enhanced. 2 figs.

  2. Coal Combustion Science

    Energy Technology Data Exchange (ETDEWEB)

    Hardesty, D.R. (ed.); Fletcher, T.H.; Hurt, R.H.; Baxter, L.L. (Sandia National Labs., Livermore, CA (United States))

    1991-08-01

    The objective of this activity is to support the Office of Fossil Energy in executing research on coal combustion science. This activity consists of basic research on coal combustion that supports both the Pittsburgh Energy Technology Center Direct Utilization Advanced Research and Technology Development Program, and the International Energy Agency Coal Combustion Science Project. Specific tasks for this activity include: (1) coal devolatilization - the objective of this risk is to characterize the physical and chemical processes that constitute the early devolatilization phase of coal combustion as a function of coal type, heating rate, particle size and temperature, and gas phase temperature and oxidizer concentration; (2) coal char combustion -the objective of this task is to characterize the physical and chemical processes involved during coal char combustion as a function of coal type, particle size and temperature, and gas phase temperature and oxygen concentration; (3) fate of mineral matter during coal combustion - the objective of this task is to establish a quantitative understanding of the mechanisms and rates of transformation, fragmentation, and deposition of mineral matter in coal combustion environments as a function of coal type, particle size and temperature, the initial forms and distribution of mineral species in the unreacted coal, and the local gas temperature and composition.

  3. International perspectives on coal preparation

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-12-31

    The report consists of the vugraphs from the presentations which covered the following topics: Summaries of the US Department of Energy`s coal preparation research programs; Preparation trends in Russia; South African coal preparation developments; Trends in hard coal preparation in Germany; Application of coal preparation technology to oil sands extraction; Developments in coal preparation in China; and Coal preparation in Australia.

  4. Coal worker's pneumoconiosis

    Science.gov (United States)

    ... this page: //medlineplus.gov/ency/article/000130.htm Coal worker's pneumoconiosis To use the sharing features on this page, please enable JavaScript. Coal worker's pneumoconiosis is a lung disease that results ...

  5. Coal Production 1992

    Energy Technology Data Exchange (ETDEWEB)

    1993-10-29

    Coal Production 1992 provides comprehensive information about US coal production, the number of mines, prices, productivity, employment, productive capacity, and recoverable reserves to a wide audience including Congress, Federal and State agencies, the coal industry, and the general public. In 1992, there were 3,439 active coal mining operations made up of all mines, preparation plants, and refuse operations. The data in Table 1 cover the 2,746 mines that produced coal, regardless of the amount of production, except for bituminous refuse mines. Tables 2 through 33 include data from the 2,852 mining operations that produced, processed, or prepared 10 thousand or more short tons of coal during the period, except for bituminous refuse, and includes preparation plants with 5 thousand or more employee hours. These mining operations accounted for over 99 percent of total US coal production and represented 83 percent of all US coal mining operations in 1992.

  6. Fluorine in Chinese coals

    Energy Technology Data Exchange (ETDEWEB)

    Wu, D.S.; Zheng, B.S.; Tang, X.Y.; Li, S.H.; Wang, B.B.; Wang, M.S. [Chinese Academy of Science, Guiyang (China). Inst. of Geochemistry

    2004-05-01

    Three hundred and five coal samples were taken from the main coal mines of twenty-six provinces, autonomous regions, and municipalities of China. The method of pyrohydrolysis was applied to measure the fluorine content in the samples, which exhibit logarithmic normal frequency distributions. The range of fluorine content in dry coal varies from 26 to 1230 mg/kg with a geometric mean of 136 mg/kg. The fluorine content decreases gradually from sub-bituminous through bituminous coal to anthracite. However, such varying tendency of fluorine content is not due to the presence of organic fluorine in coal. The geological age also apparently has no effect on the fluorine content. Even though the fluorine content of most coals in China is not high, much more attention should be given to the fluoride pollution caused by improper (unvented) coal-burning and the widespread household use of high-fluoride coal-clay.

  7. Specific identification of chicken and soybean fraud in premium burgers using multiplex-PCR method.

    Science.gov (United States)

    Tafvizi, Farzaneh; Hashemzadegan, Masumeh

    2016-01-01

    The increased consumption of meat products, such as hamburger in large cities such as Tehran, has highlighted the importance of quality control for these products. Due to the escalating cost of red meat, and the difficulty of detecting adulteration in ground meat, the replacement of red meat with cheaper animal and plant proteins in these products is clearly possible. As a result, the aim of this study was to investigate the validity of labeling in premium hamburgers made of beef. In addition, the presence of soybean and chicken meat, which constitutes commercial fraud in premium hamburgers, was detected using a sensitive and quick multiplex-PCR method. In total, 10 specified brands of premium hamburgers purported to consist of beef were collected from markets in Tehran City, Iran. DNA was extracted from the premium hamburgers, then, simplex-PCR and multiplex-PCR fwere optimized using specific beef, chicken and soybean primers. The 118, 183, and 274 bp fragments, were amplified in all samples from soybean lectin, 12 s rRNA, and mitochondrial cytochrome b genes, respectively. The results indicated the addition of chicken meat and soybean in the premium hamburgers which were not indicated on their labels. PMID:26788003

  8. Several Factors Responsible For The Recent Slowdown In Premium Growth In Employer-Sponsored Insurance.

    Science.gov (United States)

    Vistnes, Jessica; Selden, Thomas M; Zawacki, Alice

    2015-12-01

    Containing growth in health care spending is important to the long-term fiscal health of the United States. Researchers have been seeking to identify which factors behind the recent spending slowdown might continue to have an impact after the economy has fully recovered from the Great Recession (2007-09). We extended this inquiry by decomposing trends in the growth of private-sector employer-sponsored insurance premiums. Using data for 2001-13 from the Medical Expenditure Panel Survey-Insurance Component and a combination of cell- and regression-based decomposition methods, we found that the slowdown in premium growth that preceded the recession reflected declining growth rates in per policyholder premiums. For 2009-11, however, the dominant contributors to the slowdown were factors underlying declining employee enrollment: a sharp downturn in employment in 2009, followed by eroding offer and eligibility rates. Growth in per policyholder premiums slowed in 2012 and 2013 compared to the preceding few years. Like other researchers, we found that a substantial portion of premium growth remained unexplained. However, it is likely driven, in part, by growth in the underlying cost of medical care. PMID:26643623

  9. One of parameters reflecting coal reservoir permeability - block coal rate

    Energy Technology Data Exchange (ETDEWEB)

    Zhang, H. [China Coal Research Institute, Xian (China)

    2001-12-01

    The permeability of coal reservoir depends to a large extent on the coal body texture. The coal body texture determines the block coal rate derived from sieve experiment. Hence the block coal rate can reflect the permeability of the coal reservoir as a whole. In the mining areas of the central part of Liaoning, the block coal rate is found to have a direct relationship with coal permeability. This has provided an example that block coal rate can be used as one of the parameters for evaluating coal reservoir. 6 refs., 3 tabs.

  10. Altruism in social networks: evidence for a 'kinship premium'.

    Science.gov (United States)

    Curry, Oliver; Roberts, Sam G B; Dunbar, Robin I M

    2013-05-01

    Why and under what conditions are individuals altruistic to family and friends in their social networks? Evolutionary psychology suggests that such behaviour is primarily the product of adaptations for kin- and reciprocal altruism, dependent on the degree of genetic relatedness and exchange of benefits, respectively. For this reason, individuals are expected to be more altruistic to family members than to friends: whereas family members can be the recipients of kin and reciprocal altruism, friends can be the recipients of reciprocal altruism only. However, there is a question about how the effect of kinship is implemented at the proximate psychological level. One possibility is that kinship contributes to some general measure of relationship quality (such as 'emotional closeness'), which in turn explains altruism. Another possibility is that the effect of kinship is independent of relationship quality. The present study tests between these two possibilities. Participants (N= 111) completed a self-report questionnaire about their willingness to be altruistic, and their emotional closeness, to 12 family members and friends at different positions in their extended social networks. As expected, altruism was greater for family than friends, and greater for more central layers of the network. Crucially, the results showed that kinship made a significant unique contribution to altruism, even when controlling for the effects of emotional closeness. Thus, participants were more altruistic towards kin than would be expected if altruism was dependent on emotional closeness alone - a phenomenon we label a 'kinship premium'. These results have implications for the ongoing debate about the extent to which kin relations and friendships are distinct kinds of social relationships, and how to measure the 'strength of ties' in social networks. PMID:23560672

  11. Inorganic Constituents in Coal

    Directory of Open Access Journals (Sweden)

    Rađenović A.

    2006-02-01

    Full Text Available Coal contains not only organic matter but also small amounts of inorganic constituents. More thanone hundred different minerals and virtually every element in the periodic table have been foundin coal. Commonly found group minerals in coal are: major (quartz, pyrite, clays and carbonates,minor, and trace minerals. Coal includes a lot of elements of low mass fraction of the orderof w=0.01 or 0.001 %. They are trace elements connected with organic matter or minerals comprisedin coal. The fractions of trace elements usually decrease when the rank of coal increases.Fractions of the inorganic elements are different, depending on the coal bed and basin. A varietyof analytical methods and techniques can be used to determine the mass fractions, mode ofoccurrence, and distribution of organic constituents in coal. There are many different instrumentalmethods for analysis of coal and coal products but atomic absorption spectroscopy – AAS is theone most commonly used. Fraction and mode of occurrence are one of the main factors that haveinfluence on transformation and separation of inorganic constituents during coal conversion.Coal, as an important world energy source and component for non-fuels usage, will be continuouslyand widely used in the future due to its relatively abundant reserves. However, there is aconflict between the requirements for increased use of coal on the one hand and less pollution onthe other. It’s known that the environmental impacts, due to either coal mining or coal usage, canbe: air, water and land pollution. Although, minor components, inorganic constituents can exert asignificant influence on the economic value, utilization, and environmental impact of the coal.

  12. Fluorine in Canadian coals

    Energy Technology Data Exchange (ETDEWEB)

    Godbeer, W.G.; Swaine, D.J.; Goodarzi, F. (CSIRO, North Ryde, NSW (Australia). Division of Coal and Energy Technology)

    1994-08-01

    Fluorine was determined in 57 samples of coals from western Canada and the Yukon (47 bituminous, 4 subbituminous, 6 lignite) by a pyrohydrolysis method. The range of values is 31-930 ppmw F in dry coal, the lowest values being mainly for the low-rank coals. For bituminous coals most values are in the range 31-580 (mean 174) ppmw F. 23 refs., 4 tabs.

  13. Coal in South Africa

    Energy Technology Data Exchange (ETDEWEB)

    Dykes, A.R.

    1982-01-01

    This paper comprises a report on the coal industry in the Republic of South Africa. Stresses the importance of coal in the South African economy (meets 75% of the country's energy requirements and is in second place in the South African exports table). Covers deposits, production and prices, exports policy; winning methods, productivity and the various grades of coal. Also includes data on investments and refers to synthetic fuels from coal (Sasol I, II, III processes).

  14. Catalytic multi-stage liquefaction of coal at HTI: Bench-scale studies in coal/waste plastics coprocessing

    Energy Technology Data Exchange (ETDEWEB)

    Pradhan, V.R.; Lee, L.K.; Stalzer, R.H. [Hydrocarbon Technologies, Inc., Lawrenceville, NJ (United States)] [and others

    1995-12-31

    The development of Catalytic Multi-Stage Liquefaction (CMSL) at HTI has focused on both bituminous and sub-bituminous coals using laboratory, bench and PDU scale operations. The crude oil equivalent cost of liquid fuels from coal has been curtailed to about $30 per barrel, thus achieving over 30% reduction in the price that was evaluated for the liquefaction technologies demonstrated in the late seventies and early eighties. Contrary to the common belief, the new generation of catalytic multistage coal liquefaction process is environmentally very benign and can produce clean, premium distillates with a very low (<10ppm) heteroatoms content. The HTI Staff has been involved over the years in process development and has made significant improvements in the CMSL processing of coals. A 24 month program (extended to September 30, 1995) to study novel concepts, using a continuous bench scale Catalytic Multi-Stage unit (30kg coal/day), has been initiated since December, 1992. This program consists of ten bench-scale operations supported by Laboratory Studies, Modelling, Process Simulation and Economic Assessments. The Catalytic Multi-Stage Liquefaction is a continuation of the second generation yields using a low/high temperature approach. This paper covers work performed between October 1994- August 1995, especially results obtained from the microautoclave support activities and the bench-scale operations for runs CMSL-08 and CMSL-09, during which, coal and the plastic components for municipal solid wastes (MSW) such as high density polyethylene (HDPE)m, polypropylene (PP), polystyrene (PS), and polythylene terphthlate (PET) were coprocessed.

  15. Coal`s role in Mexican power

    Energy Technology Data Exchange (ETDEWEB)

    Jauregui, G. [Commision Federal de Electricidad (Mexico)

    1995-09-01

    Coal currently only fulfils a small proportion of Mexico`s power requirements, but it plans to increase capacity quite substantially in the next few years. The construction of the Petacalco power station and related port infrastructure will mean good opportunities for coal exporters in the vicinity. 4 figs., 1 tab.

  16. Turning Coal Into Oil

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    China's coal liquefaction industry is developing rapidly, but still needs improvement In its effort to become more self-sufficient in energy, China is turning to other countries, notably South Africa, to establish joint ventures in turning coal into oil. To China's Shenhua Group Corp. Ltd., one of the world's largest coal-producing companies, the government's 11th Five-Year

  17. Hard coal; Steinkohle

    Energy Technology Data Exchange (ETDEWEB)

    Loo, Kai van de; Sitte, Andreas-Peter [Gesamtverband Steinkohle e.V., Herne (Germany)

    2013-04-01

    The year 2012 benefited from a growth of the consumption of hard coal at the national level as well as at the international level. Worldwide, the hard coal still is the number one energy source for power generation. This leads to an increasing demand for power plant coal. In this year, the conversion of hard coal into electricity also increases in this year. In contrast to this, the demand for coking coal as well as for coke of the steel industry is still declining depending on the market conditions. The enhanced utilization of coal for the domestic power generation is due to the reduction of the nuclear power from a relatively bad year for wind power as well as reduced import prices and low CO{sub 2} prices. Both justify a significant price advantage for coal in comparison to the utilisation of natural gas in power plants. This was mainly due to the price erosion of the inexpensive US coal which partly was replaced by the expansion of shale gas on the domestic market. As a result of this, the inexpensive US coal looked for an outlet for sales in Europe. The domestic hard coal has continued the process of adaptation and phase-out as scheduled. Two further hard coal mines were decommissioned in the year 2012. RAG Aktiengesellschaft (Herne, Federal Republic of Germany) running the hard coal mining in this country begins with the preparations for the activities after the time of mining.

  18. Argonne's Expedited Site Characterization: An integrated approach to cost- and time-effective remedial investigation

    International Nuclear Information System (INIS)

    Argonne National Laboratory has developed a methodology for remedial site investigation that has proven to be both technically superior to and more cost- and time-effective than traditional methods. This methodology is referred to as the Argonne Expedited Site Characterization (ESC). Quality is the driving force within the process. The Argonne ESC process is abbreviated only in time and cost and never in terms of quality. More usable data are produced with the Argonne ESC process than with traditional site characterization methods that are based on statistical-grid sampling and multiple monitoring wells. This paper given an overview of the Argonne ESC process and compares it with traditional methods for site characterization. Two examples of implementation of the Argonne ESC process are discussed to illustrate the effectiveness of the process in CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act) and RCRA (Resource Conservation and Recovery Act) programs

  19. Neutronics code development at Argonne National Laboratory

    International Nuclear Information System (INIS)

    Full text: As part of the Nuclear Energy Advanced Modeling and Simulation (NEAMS) program of U.S. DOE, a suite of modern fast reactor simulation tools is being developed at Argonne National Laboratory. The general goal is to reduce the uncertainties and biases in various areas of reactor design activities by providing enhanced prediction capabilities. Under this fast reactor simulation program, a high-fidelity deterministic neutron transport code named UNIC is being developed. The end goal of this development is to produce an integrated neutronics code that enables the high fidelity description of a nuclear reactor and simplifies the multi-step design process by direct and accurate coupling with thermal-hydraulics and structural mechanics calculations. Current fast reactor analysis tools such as the fuel cycle analysis packages REBUS-3 and ERANOS, and the safety analysis package SASSYS contain neutronics packages built around multi-step averaging techniques (spatial homogenization and energy collapsing). These approximations vastly reduce the total space-angle-energy degrees of freedom required for nuclear reactor analysis and provide reasonably good solutions for most fast reactor design and analysis calculations. However, they have limitations in providing reliable answers for difficult reactor physics problems (e.g., the reactivity feedback due to core radial expansion). Additionally, it is desirable to reduce the uncertainties and biases in various areas of reactor design activities with the enhanced prediction capabilities that higher fidelity solvers provide. We therefore have a long term goal of replacing the multi-step averaging approximations by progressively more accurate treatments of the entire space-angle-energy phase space with sufficiently fine-grained levels of discretization. Given that high-fidelity transport calculations are not required in all areas of reactor analysis, we also desire an analysis tool that can allow the user to start at the

  20. Present and future radioactive nuclear beam developments at Argonne

    Energy Technology Data Exchange (ETDEWEB)

    Decrock, P.

    1996-11-01

    A scheme for building an ISOL-based radioactive nuclear beam facility at the Argonne Physics Division, is currently evaluated. The feasibility and efficiency of the different steps in the proposed production- and acceleration cycles are being tested. At the Dynamitron Facility of the ANL Physics Division, stripping yields of Kr, Xe and Ph beams in a windowless gas cell have been measured and the study of fission of {sup 238}U induced by fast neutrons from the {sup 9}Be(dn) reaction is in progress. Different aspects of the post-acceleration procedure are currently being investigated. In parallel with this work, energetic radioactive beams such as {sup 17}F, {sup 18}F and {sup 56}Ni have recently been developed at Argonne using the present ATLAS facility.

  1. The Study of Insurance Premium Rate GIS Mapping Considering the Storm and Flood Hazard Risks

    Science.gov (United States)

    Lee, J. S.; Lee, I. S.

    2016-06-01

    Recently, the number of natural disaster occurrence is increasing because of abnormal changes of weather in Korea. In Korea the storm and flood insurance system is in effect to prevent these natural disasters. The national storm and flood insurance Premium rate is very low and the risk of adverse selection resides because of choosing by who lives in high risk area. To solve these problems, the storm and flood insurance rate map are required. In this study, the prototype of storm and flood insurance premium rate map of the Ulsan, Korea was made and the method of GIS analysis for the insurance premium rate calculating and the procedure of the Ulsan storm and flood insurance rate map were researched.

  2. Percent-of-premium capitation yields mixed results in a Rhode Island case study.

    Science.gov (United States)

    Perry, B J

    1998-05-01

    In 1996, Harvard Pilgrim Health Care of New England (HPHC-NE) established six percent-of-premium arrangements with five Rhode Island PHOs. Each PHO received a percentage of the regional earned premium amounts for members who selected a primary care physician affiliated with it, adjusted for member demographics, benefit differences, and group size. Each of these six joint venture agreements also incorporated a per-member-per-month capitation fee. Despite improved communication between the PHOs and the plan and inpatient utilization reductions, all six joint ventures experienced losses beyond the withhold amounts during the first year of the arrangement. Factors affecting the medical utilization and financial results included market pressure on premium levels; risk pool size and adverse selection; and lack of timely, complete, and reliable financial and utilization data. PMID:10179437

  3. The beam optics of the Argonne Positive-Ion Injector

    International Nuclear Information System (INIS)

    The beam optics for Phase I of the Argonne Positive-Ion Injector linac system have been studied for a representative set of beams. The results of this study indicate that high charge state beams from an ECR source can be accelerated without significantly increasing the transverse or longitudinal emittance of the initial beam. It is expected that the beam quality from the PII-ATLAS system will be at least as good as presently achieved with the tandem-ATLAS system

  4. Reactor D and D at Argonne National Laboratory - lessons learned

    International Nuclear Information System (INIS)

    This paper focuses on the lessons learned during the decontamination and decommissioning (D and D) of two reactors at Argonne National Laboratory-East (ANL-E). The Experimental Boiling Water Reactor (EBWR) was a 100 MW(t), 5 MSV(e) proof-of-concept facility. The Janus Reactor was a 200 kW(t) reactor located at the Biological Irradiation Facility and was used to study the effects of neutron radiation on animals

  5. 26 CFR 1.401(e)-4 - Contributions for premiums on annuity, etc., contracts and transitional rule for certain excess...

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 5 2010-04-01 2010-04-01 false Contributions for premiums on annuity, etc... TAXES Pension, Profit-Sharing, Stock Bonus Plans, Etc. § 1.401(e)-4 Contributions for premiums on annuity, etc., contracts and transitional rule for certain excess contributions. (a) In general....

  6. 26 CFR 1.72-8 - Effect of certain employer contributions with respect to premiums or other consideration paid or...

    Science.gov (United States)

    2010-04-01

    ... by an employer (other than premiums paid on behalf of an owner-employee) for life insurance protection for an employee if such premiums are includible in the gross income of the employee when paid. See... the employee with respect to any benefits attributable to the contract providing the life...

  7. 26 CFR 1.832-6 - Policyholders of mutual fire or flood insurance companies operating on the basis of premium...

    Science.gov (United States)

    2010-04-01

    ... Insurance Companies § 1.832-6 Policyholders of mutual fire or flood insurance companies operating on the... companies operating on the basis of premium deposits. 1.832-6 Section 1.832-6 Internal Revenue INTERNAL... taxpayer insured by a mutual fire or flood insurance company under a policy for which the premium...

  8. Coal Data: A reference

    International Nuclear Information System (INIS)

    The purpose of Coal Data: A Reference is to provide basic information on the mining and use of coal, an important source of energy in the United States. The report is written for a general audience. The goal is to cover basic material and strike a reasonable compromise between overly generalized statements and detailed analyses. The section ''Coal Terminology and Related Information'' provides additional information about terms mentioned in the text and introduces new terms. Topics covered are US coal deposits, resources and reserves, mining, production, employment and productivity, health and safety, preparation, transportation, supply and stocks, use, coal, the environment, and more. (VC)

  9. Radionuclides in US coals

    Energy Technology Data Exchange (ETDEWEB)

    Bisselle, C. A.; Brown, R. D.

    1984-03-01

    The current state of knowledge with respect to radionuclide concentrations in US coals is discussed. Emphasis is placed on the levels of uranium in coal (and lignite) which are considered to represent a concern resulting from coal combustion; areas of the US where such levels have been found; and possible origins of high radionuclide levels in coal. The report reviews relevant studies and presents new data derived from a computerized search of radionuclide content in about 4000 coal samples collected throughout the coterminous US. 103 references, 5 figures, 5 tables.

  10. Indonesian coal export potential

    International Nuclear Information System (INIS)

    Indonesia's coal mining sector is expanding rapidly. Much of the increase in coal production since the mid-1980s has been exported. Indonesian coal mining companies have large expansion programs and continuing strong export growth is projected for the remainder of the 1990s. The low mining costs of indonesian coal, together with proximity to Asian markets, mean that Indonesia is well placed to compete strongly with other thermal coal exporters and win market share in the large and expanding thermal coal market in Asia. However, there is significant uncertainty about the likely future level of Indonesia's exportable surplus of coal. The government's planned expansion in coal fired power generation could constrain export growth, while the ability of producers to meet projected output levels is uncertain. The purpose in this article is to review coal supply and demand developments in Indonesia and, taking account of the key determining factors, to estimate the level of coal exports from Indonesia to the year 2000. This time frame has been chosen because all currently committed mine developments are expected to be on stream by 2000 and because it is difficult to project domestic demand for coal beyond that year. 29 refs., 8 tabs., 7 figs

  11. Coal and public perceptions

    International Nuclear Information System (INIS)

    The Department of Energy's (DOE) clean coal outreach efforts are described. The reason why clean coal technology outreach must be an integral part of coal's future is discussed. It is important that we understand the significance of these advances in coal utilization not just in terms of of hardware but in terms of public perception. Four basic premises in the use of coal are presented. These are: (1) that coal is fundamentally important to this nation's future; (2) that, despite premise number 1, coal's future is by no means assured and that for the last 10 years, coal has been losing ground; (3) that coal's future hinges on the public understanding of the benefits of the public's acceptance of advanced clean coal technology; and (4) hat public acceptance of clean coal technology is not going to be achieved through a nationwide advertising program run by the Federal government or even by the private sector. It is going to be gained at the grassroots level one community at a time, one plant at a time, and one referendum at a time. The Federal government has neither the resources, the staff, nor the mandate to lead the charge in those debates. What is important is that the private sector step up to the plate as individual companies and an individual citizens working one-one-one at the community level, one customer, one civic club, and one town meeting at a time

  12. Estimating the Term Premium by a Markov Switching Model with ARMA-GARCH Errors

    OpenAIRE

    Yoo Byoung Hark

    2010-01-01

    We estimate the term premium in the term structure of risk-free interest rates using a Markov switching model with ARMA-GARCH errors. We find that the Markov switching term premium is closely related to the U.S. business cycle and plays a significant role in explaining changes in short-term interest rates. The result is not affected even when we consider other macro variables or excess return forecasting factors. In order to estimate the Markov switching model with the non-Markovian structure...

  13. Skill premium y tipo de cambio real: El caso de las economías latinoamericanas

    OpenAIRE

    Hermida, Adriel

    2015-01-01

    Se conoce como skill premium a la brecha salarial promedio existente entre los trabajadores calificados y los no calificados. A partir de la segunda globalización financiera, en los países desarrollados se ha visto un ensanchamiento de este diferencial mientras que en los países en desarrollo el comportamiento ha sido más volátil. Específicamente para el caso de los países de América Latina hubo un incremento del skill premium en la década de 1990 y una reducción a partir del comienzo del nue...

  14. Impact of Trade Liberalization on Wage Skill Premium in Philippine Manufacturing

    OpenAIRE

    Aldaba, Rafaelita M.

    2013-01-01

    The paper aims to examine how trade liberalization affects wage premium at the firm level. Using effective protection rate as trade proxy, the paper assumes that in the face of increasing competition, an import-substituting firm may decide to remain at the low value-added stage of the production process which requires relatively less skilled workers and suggests a decline in the wage premium. On the other hand, a firm may move away from the product whose protection rate has fallen and shift a...

  15. Price Premium Variations as a Consequence of Buyers' Lack of Information.

    OpenAIRE

    Rao, Akshay R.; Mark E. Bergen

    1992-01-01

    It appears that buyers sometimes knowingly pay a price that is higher than that justified by the relative quality of the product. Such a price premium is argued to be an economically rational attempt by quality-conscious buyers to ensure that the seller does not provide a lower than promised level of quality for experience products. Conversely, for search products, price premiums are argued to be the consequence of lack of search by buyers who are less quality conscious. Results from a survey...

  16. The Consumption of Premium Coffee-The Influence of Hedonic Needs vs. Utilitarian Needs

    OpenAIRE

    Hew, Keat Loong

    2013-01-01

    The paper looks at the influence that hedonic and utilitarian needs exude on consumer’s preference for premium coffee and ultimately their willingness to pay a premium for the coffee. Utilitarian needs are related to a desire to achieve some functional or practical benefit and often linked with the notion of product performance and usefulness (e.g. drinking coffee to accomplish a specific task such as a need to stay alert due to work requirement). It has tangible and actual attributes where c...

  17. Exact and asymptotic results for insurance risk models with surplus-dependent premiums

    CERN Document Server

    Albrecher, Hansjörg; Palmowski, Zbigniew; Regensburger, Georg; Rosenkranz, Markus

    2011-01-01

    In this paper we develop a symbolic technique to obtain asymptotic expressions for ruin probabilities and discounted penalty functions in renewal insurance risk models when the premium income depends on the present surplus of the insurance portfolio. The analysis is based on boundary problems for linear ordinary differential equations with variable coefficients. The algebraic structure of the Green's operators allows us to develop an intuitive way of tackling the asymptotic behavior of the solutions, leading to exponential-type expansions and Cram\\'er-type asymptotics. Furthermore, we obtain closed-form solutions for more specific cases of premium functions in the compound Poisson risk model.

  18. Asymmetric impacts of global risk appetite on the risk premium for an emerging market

    Science.gov (United States)

    Kanlı, İbrahim Burak

    2008-05-01

    This paper analyzes the impact of global risk appetite on the risk premium utilizing high-frequency data. Taking the Turkish economy as our laboratory, we find that the risk premium volatility responds only to a worsening in the risk appetite for the Turkish economy, which is a result that we do not observe for the other emerging markets. Then, we investigate the role of current account dynamics on this asymmetric effect, by focusing also on an economy with similar current account performance. The empirical results find supporting evidence for the role of current account dynamics on the estimated asymmetry.

  19. Establishing the Presence of a Risk Premium in the Cocoa Futures Market: An Econometric Analysis

    OpenAIRE

    Armah, Stephen E.

    2008-01-01

    Previous attempts at identifying and estimating a time-varying risk premium in the cocoa futures market yielded conflicting results. Using a longer series that includes the most recent cash and futures data, the existence of a time-varying risk premium in the cocoa futures market is re-investigated using LM ARCH tests and a Quadratic ARCH in Mean Error Correction Model. In contrast to available research the time series properties of the data are carefully accounted for by employing the most r...

  20. Coal; Le charbon

    Energy Technology Data Exchange (ETDEWEB)

    Teissie, J.; Bourgogne, D. de; Bautin, F. [TotalFinaElf, La Defense, 92 - Courbevoie (France)

    2001-12-15

    Coal world production represents 3.5 billions of tons, plus 900 millions of tons of lignite. 50% of coal is used for power generation, 16% by steel making industry, 5% by cement plants, and 29% for space heating and by other industries like carbo-chemistry. Coal reserves are enormous, about 1000 billions of tons (i.e. 250 years of consumption with the present day rate) but their exploitation will be in competition with less costly and less polluting energy sources. This documents treats of all aspects of coal: origin, composition, calorific value, classification, resources, reserves, production, international trade, sectoral consumption, cost, retail price, safety aspects of coal mining, environmental impacts (solid and gaseous effluents), different technologies of coal-fired power plants and their relative efficiency, alternative solutions for the recovery of coal energy (fuel cells, liquefaction). (J.S.)

  1. Value Premium and Country Risk as Dimensions to Estimate Conditional Returns: a Study of the Brazilian Market

    Directory of Open Access Journals (Sweden)

    Lilian de Castro Medeiros

    2015-01-01

    Full Text Available Asset pricing is a widely explored theme in the financial literature. Nevertheless, the phenomenon of value premium is still controversial, since although easily detected in developed and emerging markets, little is know about the economic forces that explain its existence. In this context, this article examines value premium in the Brazilian market and investigates the influence of the country risk variable as an additional risk factor for estimating conditional returns in this market not captured by value premium. For that, we employ a five-factor model, formulated by adding the country risk factor to the model of Carhart (1997. We apply the statistical procedure adopted by Fama & French (1993 to the period between 1994 and 2012, with data on nonfinancial companies listed on the BM&FBovespa. The results confirm the existence of value premium in the Brazilian market, and country risk and value premium together are significant factors to explain conditional returns.

  2. 24 CFR 257.203 - Calculation of up-front and annual mortgage insurance premiums for H4H program mortgages.

    Science.gov (United States)

    2010-04-01

    ... mortgage insurance premiums for H4H program mortgages. 257.203 Section 257.203 Housing and Urban... FOR HOUSING-FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT MORTGAGE AND... mortgage insurance premiums for H4H program mortgages. (a) Applicable premiums. Any mortgage presented...

  3. Argonne National Laboratory institutional plan FY 2002 - FY 2007

    International Nuclear Information System (INIS)

    The national laboratory system provides a unique resource for addressing the national needs inherent in the mission of the Department of Energy. Argonne, which grew out of Enrico Fermi's pioneering work on the development of nuclear power, was the first national laboratory and, in many ways, has set the standard for those that followed. As the Laboratory's new director, I am pleased to present the Argonne National Laboratory Institutional Plan for FY 2002 through FY 2007 on behalf of the extraordinary group of scientists, engineers, technicians, administrators, and others who re responsible for the Laboratory's distinguished record of achievement. Like our sister DOE laboratories, Argonne uses a multifaceted approach to advance U.S. R and D priorities. First, we assemble interdisciplinary teams of scientists and engineers to address complex problems. For example, our initiative in Functional Genomics will bring together biologists, computer scientists, environmental scientists, and staff of the Advanced Photon Source to develop complete maps of cellular function. Second, we cultivate specific core competencies in science and technology; this Institutional Plan discusses the many ways in which our core competencies support DOE's four mission areas. Third, we serve the scientific community by designing, building, and operating world-class user facilities, such as the Advanced Photon Source, the Intense Pulsed Neutron Source, and the Argonne Tandem-Linac Accelerator System. This Plan summarizes the visions, missions, and strategic plans for the Laboratory's existing major user facilities, and it explains our approach to the planned Rare Isotope Accelerator. Fourth, we help develop the next generation of scientists and engineers through educational programs, many of which involve bright young people in research. This Plan summarizes our vision, objectives, and strategies in the education area, and it gives statistics on student and faculty participation. Finally, we

  4. Clean coal technologies

    International Nuclear Information System (INIS)

    According to the World Energy Council (WEC), at the beginning of the next century three main energy sources - coal, nuclear power and oil will have equal share in the world's total energy supply. This forecast is also valid for the USSR which possesses more than 40% of the world's coal resources and continuously increases its coal production (more than 700 million tons of coal are processed annually in the USSR). The stringent environmental regulations, coupled with the tendency to increase the use of coal are the reasons for developing different concepts for clean coal utilization. In this paper, the potential efficiency and environmental performance of different clean coal production cycles are considered, including technologies for coal clean-up at the pre-combustion stage, advanced clean combustion methods and flue gas cleaning systems. Integrated systems, such as combined gas-steam cycle and the pressurized fluidized bed boiler combined cycle, are also discussed. The Soviet National R and D program is studying new methods for coal utilization with high environmental performance. In this context, some basic research activities in the field of clean coal technology in the USSR are considered. Development of an efficient vortex combustor, a pressurized fluidized bed gasifier, advanced gas cleaning methods based on E-beam irradiation and plasma discharge, as well as new catalytic system, are are presented. In addition, implementation of technological innovations for retrofitting and re powering of existing power plants is discussed. (author)

  5. Coal sector profile

    Energy Technology Data Exchange (ETDEWEB)

    1990-06-05

    Coal is our largest domestic energy resource with recoverable reserves estimated at 268 billion short tons or 5.896 quads Btu equivalent. This is approximately 95 percent of US fossil energy resources. It is relatively inexpensive to mine, and on a per Btu basis it is generally much less costly to produce than other energy sources. Its chief drawbacks are the environmental, health and safety concerns that must be addressed in its production and consumption. Historically, coal has played a major role in US energy markets. Coal fueled the railroads, heated the homes, powered the factories. and provided the raw materials for steel-making. In 1920, coal supplied over three times the amount of energy of oil, gas, and hydro combined. From 1920 until the mid 1970s, coal production remained fairly constant at 400 to 600 million short tons a year. Rapid increases in overall energy demands, which began during and after World War II were mostly met by oil and gas. By the mid 1940s, coal represented only half of total energy consumption in the US. In fact, post-war coal production, which had risen in support of the war effort and the postwar Marshall plan, decreased approximately 25 percent between 1945 and 1960. Coal demand in the post-war era up until the 1970s was characterized by increasing coal use by the electric utilities but decreasing coal use in many other markets (e.g., rail transportation). The oil price shocks of the 1970s, combined with natural gas shortages and problems with nuclear power, returned coal to a position of prominence. The greatly expanded use of coal was seen as a key building block in US energy strategies of the 1970s. Coal production increased from 613 million short tons per year in 1970 to 950 million short tons in 1988, up over 50 percent.

  6. South Blackwater Coal`s maintenance program

    Energy Technology Data Exchange (ETDEWEB)

    Nash, J. [South Blackwater Coal Limited, Blackwater, Qld. (Australia)

    1998-09-01

    The South Blackwater operation consists of two opencut mining areas and two underground mines (Laleham and Kenmure) near Blackwater in central Queensland, all of which supply coal to a central coal preparation plant. South Blackwater Coal Ltd. recently developed a maintenance improvement programme, described in this article. The programme involved implementation systems of key performance indicators (KPIs), benchmaking, condition monitoring, work planning and control, failure analysis and maintenance audit. Some improvements became almost immediately apparent, others were quite gradual. Major results included: improved availability (and reliability) of all opencast fleets, improvements in rear dump availability; reduced maintenance man-hours for opencast fleets; and increased availability of the coal handling and preparation plant. The paper is an edited version of that presented at the `Maintenance in mining conference` 16-19 March 1998, held in Bali, Indonesia. 4 figs., 2 photos.

  7. Correlation between coal characteristics and methane adsorption on China's coals

    Institute of Scientific and Technical Information of China (English)

    YU Hong-guan; YUAN Jian; SONG Ji-yong; LENG Shu-wei

    2007-01-01

    It is highly important to investigate relationship between coal characteristics and methane adsorption on coal in the fields of coalbed methane recovery. Based on data examination of coal quality indexes collected from the literatures, regression equations for Langmuir adsorption constants, VL or VL/PL, and coal quality indexes for selected coal samples were developed with multiple linear regression of SPSS software according to the degree of coal metamorphosis. The regression equations built were tested with data collected from some literatures, and the influences of coal quality indexes on CH4 adsorption on coals were studied with investigation of regression equations, and the reasons of low accuracy to Langmuir constants calculated with regression equation for a few coal samples were investigated. The results show that the regression equations can be employed to predict Langmuir constants for methane adsorption isotherms on coals obtained using volumetric gas adsorption experiments, which are conducted at 30 ℃ on a wet or dried coal samples with less than 30% ash content in coal. The influence of same coal quality index with various coal rank or influence of various coal quality indexes for same coal rank on CH4 adsorption is not consistent. The regression equations have different accuracy to different coal rank, in which the VL equations supply better prediction accuracy for anthracite and higher prediction error for lower metamorphosis coal, and the PL prediction error with VL and VL/PL equations is lower to bituminous coal and higher to anthracite.

  8. 29 CFR 778.204 - “Clock pattern” premium pay.

    Science.gov (United States)

    2010-07-01

    ... pursuance of an applicable employment contract or collective bargaining agreement,” and the rates of pay and the daily and weekly work periods referred to must be established in good faith by such contract or.... (a) Overtime premiums under section 7(e)(7). Where a collective bargaining agreement or...

  9. 75 FR 68790 - Medicare Program; Medicare Part B Monthly Actuarial Rates, Premium Rate, and Annual Deductible...

    Science.gov (United States)

    2010-11-09

    ... Monthly Actuarial Rates, Premium Rate, and Annual Deductible Beginning January 1, 2011 AGENCY: Centers for... actuarial rates for aged (age 65 and over) and disabled (under age 65) beneficiaries enrolled in Part B of... certain threshold amounts. The monthly actuarial rates for 2011 are $230.70 for aged enrollees and...

  10. 77 FR 69850 - Medicare Program; Medicare Part B Monthly Actuarial Rates, Premium Rate, and Annual Deductible...

    Science.gov (United States)

    2012-11-21

    ... Monthly Actuarial Rates, Premium Rate, and Annual Deductible Beginning January 1, 2013 AGENCY: Centers for... actuarial rates for aged (age 65 and over) and disabled (under age 65) beneficiaries enrolled in Part B of... certain threshold amounts. The monthly actuarial rates for 2013 are $209.80 for aged enrollees and...

  11. 78 FR 64943 - Medicare Program; Medicare Part B Monthly Actuarial Rates, Premium Rate, and Annual Deductible...

    Science.gov (United States)

    2013-10-30

    ... Monthly Actuarial Rates, Premium Rate, and Annual Deductible Beginning January 1, 2014 AGENCY: Centers for... actuarial rates for aged (age 65 and over) and disabled (under age 65) beneficiaries enrolled in Part B of... certain threshold amounts. The monthly actuarial rates for 2014 are $209.80 for aged enrollees and...

  12. Consumer Acceptance of Genetically Modified Foods in Taiwan: Is Positive Discount the Same as Negative Premium?

    OpenAIRE

    Kaneko, Naoya; Chern, Wen S.

    2005-01-01

    This paper finds Taiwanese consumers' willingness to pay a premium on the non-GM food differs from their willingness to accept a discount on the GM food. It further finds that the non-GM choosers are more committed to the non-GM food than the GM choosers to the GM food.

  13. 76 FR 40741 - Federal Housing Administration (FHA) Mortgage Insurance Premiums for Multifamily Housing Programs...

    Science.gov (United States)

    2011-07-11

    ... number). Hearing- or speech- impaired individuals may access these numbers through TTY by calling the Federal Relay Service at 800-877-8339 (this is a toll-free number). SUPPLEMENTARY INFORMATION: I...: Notice of future premium changes will be published in the Federal Register. The Department will...

  14. 78 FR 36563 - 30-Day Notice of Proposed Information Collection: Single Family Premium Collection Subsystem...

    Science.gov (United States)

    2013-06-18

    ... URBAN DEVELOPMENT 30-Day Notice of Proposed Information Collection: Single Family Premium Collection... to the proposal by name and/or OMB Control Number and should be sent to: HUD Desk Officer, Office of... access this number through TTY by calling the toll-free Federal Relay Service at (800) 877-8339. This...

  15. 24 CFR 206.107 - Mortgagee election of assignment or shared premium option.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Mortgagee election of assignment or shared premium option. 206.107 Section 206.107 Housing and Urban Development Regulations Relating to Housing and Urban Development (Continued) OFFICE OF ASSISTANT SECRETARY FOR HOUSING-FEDERAL...

  16. Education Premiums and Skilled Migration in Mexico: Lessons for an Educational Policy

    Science.gov (United States)

    Tigau, Camelia; Guerra, Bernardo Bolaños

    2015-01-01

    This paper examines the relationship between skills prices (wage premiums) and inequality in migrant sending countries (mainly from Latin America) and explores the implications for education policies. Most of the evidence is based on the case of Mexico, a Latin American country that is also an Organisation for Economic Co-operation and Development…

  17. 5 CFR 875.303 - How are premium payment errors corrected?

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 2 2010-01-01 2010-01-01 false How are premium payment errors corrected? 875.303 Section 875.303 Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT (CONTINUED) CIVIL SERVICE REGULATIONS (CONTINUED) FEDERAL LONG TERM CARE INSURANCE PROGRAM Cost § 875.303 How are...

  18. Financial analysis of potential retrospective premium assessments under the Price-Anderson system

    International Nuclear Information System (INIS)

    Ten representative nuclear utilities have been analyzed over the period 1981 to 1983 to evaluate the effects of three levels of retrospective premiums on various financial indicators. This analysis continues and expands on earlier analyses prepared as background for deliberations by the US Congress for possible extension or modification of the Price-Anderson Act

  19. 26 CFR 1.818-3 - Amortization of premium and accrual of discount.

    Science.gov (United States)

    2010-04-01

    ... of discount and consistently follows such method thereafter. Ordinarily, a company regularly employs... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Amortization of premium and accrual of discount... and accrual of discount. (a) In general. Section 818(b) provides that the appropriate items of...

  20. The US Finance Wage Premium Before and After the Financial Crisis

    DEFF Research Database (Denmark)

    Capuano, Stella; Lai, Tat-kei; Schmerer, Hans-Jörg

    2014-01-01

    Does the recent financial crisis change the wage structures of the US finance and nonfinance sectors? In this article, we study the wage gap between workers in these two sectors between 1990 and 2011. Using data from the Current Population Survey, we find that the finance wage premium increased...

  1. The value premium within and across GICS industry sectors in a pre-financial collapse sample

    Directory of Open Access Journals (Sweden)

    Kenneth E. Scislaw

    2015-12-01

    Full Text Available A portfolio manager employing a top-down/bottom-up method who seeks to capture the value premium long promised in academic literature would want to first determine whether the premium exists across industries and not just observed in firm-specific book-to-market (BE/ME relationships. Next, the investor would want to know if BE/ME characteristics are stable across these defined homogeneous groups or whether there is considerable variation. Results show that certain industries appear to have a natural or structural tendency to reflect either a high or low BE/ME characteristic. Results also shows that growth-oriented industry BE/ME characteristics appear to be more stable than value-oriented industries over time. Moreover, stocks from growth-oriented industries tend to cluster at high rates in the lowest BE/ME quintile, while stocks from value-oriented industries appear more evenly distributed across middle BE/ME quintiles over time. Value stocks found in growth sectors outperform value stocks in value sectors, contrary to prior published results. The January premium exists both within and across Global Industry Classification Standard industry sectors, but the value premium is not subsumed by the January effect in either analysis.

  2. 24 CFR 266.610 - Method of payment of mortgage insurance premiums.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Method of payment of mortgage... COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL... MULTIFAMILY PROJECT LOANS Contract Rights and Obligations Mortgage Insurance Premiums § 266.610 Method...

  3. 24 CFR 266.600 - Mortgage insurance premium: Insurance upon completion.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Mortgage insurance premium: Insurance upon completion. 266.600 Section 266.600 Housing and Urban Development Regulations Relating to... COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER...

  4. A BARGAINING FRAMEWORK TO ESTABLISH OVER-ORDER PREMIUMS IN DAIRY MARKETS

    OpenAIRE

    Prasertsri, Peerapon; Kilmer, Richard L.

    2003-01-01

    Given the approximate bilateral monopoly nature of Florida dairy industry (producers and processors), the monthly projected over-order premiums (i.e., the dollar amount above the Class I price) are determined by the generalized Nash bargaining model through the relevant prices, costs, bargaining power, and risk attitudes. The implications of the results are discussed.

  5. 5 CFR 610.407 - Premium pay for holiday work for employees on compressed work schedules.

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 1 2010-01-01 2010-01-01 false Premium pay for holiday work for employees on compressed work schedules. 610.407 Section 610.407 Administrative Personnel OFFICE OF PERSONNEL MANAGEMENT CIVIL SERVICE REGULATIONS HOURS OF DUTY Flexible and Compressed Work Schedules § 610.407...

  6. 78 FR 65045 - Patient Protection and Affordable Care Act; Program Integrity: Exchange, Premium Stabilization...

    Science.gov (United States)

    2013-10-30

    ... Federal Register on March 11, 2013 (78 FR 15541), related to risk corridors and cost-sharing reduction... Reinsurance, Risk Corridors and Risk Adjustment, 77 FR 17220 (March 23, 2012). \\3\\ Patient Protection and... Integrity: Exchange, SHOP, Premium Stabilization Programs, and Market Standards'' (78 FR 37032),...

  7. 78 FR 59366 - Multifamily, Healthcare Facilities, and Hospital Mortgage Insurance Premiums for Fiscal Year (FY...

    Science.gov (United States)

    2013-09-26

    ..., published in the Federal Register on August 15, 2012 (77 FR 49007). Since HUD is not seeking to implement... not apply to loans insured under the Risk Sharing programs of section 542(b) or 542(c) of the Housing... follows: Notice of future premium changes will be published in the Federal Register. The Department...

  8. 42 CFR 408.63 - Billing procedures when monthly benefits are less than monthly premiums.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 2 2010-10-01 2010-10-01 false Billing procedures when monthly benefits are less than monthly premiums. 408.63 Section 408.63 Public Health CENTERS FOR MEDICARE & MEDICAID SERVICES... Remittance: Individual Payment § 408.63 Billing procedures when monthly benefits are less than...

  9. 29 CFR 778.205 - Premiums for weekend and holiday work-example.

    Science.gov (United States)

    2010-07-01

    ... 12:01 a.m. Sunday, and in a particular week he works a schedule of 8 hours on Sunday and on each day... maximum hours standard is 40 hours and who are paid a bona fide hourly rate of $5 for like work performed... statutory overtime premium required to be paid for the 16 hours worked over 40....

  10. Coal, culture and community

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1993-11-01

    16 papers are presented with the following titles: the miners; municipalisation and the millenium - Bolton-upon-Dearne Urban District Council 1899-1914; the traditional working class community revisited; the cultural capital of coal mining communities; activities, strike-breakers and coal communities; the limits of protest - media coverage of the Orgreave picket during the miners` strike; in defence of home and hearth? Families, friendships and feminism in mining communities; young people`s attitudes to the police in mining communities; the determinants of productivity growth in the British coal mining industry, 1976-1989; strategic responses to flexibility - a case study in coal; no coal turned in Yorkshire?; the North-South divide in the Central Coalfields; the psychological effects of redundancy and worklessness - a case study from the coalfields; the Dearne Valley initiative; the future under labour: and coal, culture and the community.

  11. Coal in a hole?

    Energy Technology Data Exchange (ETDEWEB)

    Woof, M.

    1998-05-01

    The editor of World Mining Equipment discusses the tangled position of the European coal industry, affected by concerns over acid rain and carbon dioxide emissions, and by subsidies. He outlines the debate in the UK about gas versus coal and about coal subsidies in Germany (which could affect mines in other European countries). The requirement to reduce CO{sub 2} emissions and to minimise the problem of acid rain will have a direct bearing on coal mining firms and equipment manufacturers so it is possible that the only future for the industry lies with clean coal technologies. Even here, there is no easy answer as it is not clear how developing nations will be able to pay for these more expensive clean coal systems. 2 photos.

  12. Coal tar in dermatology

    Energy Technology Data Exchange (ETDEWEB)

    Roelofzen, J.H.J.; Aben, K.K.H.; Van Der Valk, P.G.M.; Van Houtum, J.L.M.; Van De Kerkhof, P.C.M.; Kiemeney, L.A.L.M. [Radboud University Nijmegen Medical Center, Nijmegen (Netherlands). Dept. of Dermatology

    2007-07-01

    Coal tar is one of the oldest treatments for psoriasis and eczema. It has anti-inflammatory, antibacterial, antipruritic and antimitotic effects. The short-term side effects are folliculitis, irritation and contact allergy. Coal tar contains carcinogens. The carcinogenicity of coal tar has been shown in animal studies and studies in occupational settings. There is no clear evidence of an increased risk of skin tumors or internal tumors. Until now, most studies have been fairly small and they did not investigate the risk of coal tar alone, but the risk of coal tar combined with other therapies. New, well-designed, epidemiological studies are necessary to assess the risk of skin tumors and other malignancies after dermatological use of coal tar.

  13. The effect of virtual bidding on forward premiums in the New York wholesale energy market

    Science.gov (United States)

    Knudsen, Andrew D.

    In many parts of the United States, the power industry has been deregulated and replaced with regional wholesale energy markets, where utilities purchase electricity from generators at competitive market rates for subsequent distribution to customers. Numerous studies have shown that in each of these markets, the price of energy purchased in the Day Ahead (futures) market exceeds the price in the Real Time (spot) market on average. The existence of this "forward premium" is evidence of market inefficiency and may indicate participants' aversion to risk in the Real Time market or the exercise of market power by generators. To address this inefficiency, the New York Independent System Operator introduced a virtual bidding system within its wholesale market, which permitted participants to engage in purely financial transactions and hedge their exposure to risk. The new policy was expected to promote price convergence by allowing bidders to arbitrage expected differences between Day Ahead and Real Time prices. This study examines whether the presence of virtual bidding was associated with a change in the mean value and magnitude of forward premiums in the NYISO energy market. The study applies a GARCH model to hourly pricing data from 2001 to 2009, controlling for temperature and economic activity. The results indicate that prior to 2005, virtual bidding was associated with significantly lower and less volatile forward premiums in New York's five most congested zones but with increased premiums in the remaining less congested zones. However, when the entire period from 2001 to 2009 is examined, the results suggest that prices have become significantly more divergent in the presence of virtual bidding. Closer examination of the data reveals a dramatic increase in forward premium volatility across all zones beginning in 2005 that is not accounted for by temperature or economic activity and may have biased the results. This study attempts to account for this unexplained

  14. Profile: Returning Argonne researcher aims to push computing speed to next level

    CERN Multimedia

    Merrion, P

    2002-01-01

    Paul Messina, one of the world's leading supercomputer scientists has returned to Argonne National Laboratory. He will split time between Argonne, where he holds the title of senior computer scientist, and Geneva, Switzerland, where he is an adviser to the director of CERN (1 page).

  15. Frontiers: Research highlights 1946-1996 [50th Anniversary Edition. Argonne National Laboratory

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-12-31

    This special edition of 'Frontiers' commemorates Argonne National Laboratory's 50th anniversary of service to science and society. America's first national laboratory, Argonne has been in the forefront of U.S. scientific and technological research from its beginning. Past accomplishments, current research, and future plans are highlighted.

  16. Argonne National Lab deploys Force10 networks' massively dense ethernet switch for supercomputing cluster

    CERN Multimedia

    2003-01-01

    "Force10 Networks, Inc. today announced that Argonne National Laboratory (Argonne, IL) has successfully deployed Force10 E-Series switch/routers to connect to the TeraGrid, the world's largest supercomputing grid, sponsored by the National Science Foundation (NSF)" (1/2 page).

  17. Measurement of alkali-vapor emission from pressurized fluidized-bed combustion of Illinois coals

    Energy Technology Data Exchange (ETDEWEB)

    Lee, S.H.D.; Teats, F.G.; Swift, W.M. (Argonne National Lab., IL (United States)); Banerjee, D.D. (Illinois Clean Coal Inst., Carterville, IL (United States))

    1993-01-01

    Two Illinois Herrin No. 6 coals and one Illinois Springfield No. 5 coal were separately combusted in a laboratory-scale (15-cm dia) pressurized fluidized-bed combustor (PFBC) combined with an alkali sorber. These coals were combusted in a fluidized bed of Tymochtee dolomite at temperatures ranging from 910 to 950[degree]C and a system pressure of 9.2 atm absolute. Alkali-vapor emission (Na and K) in the PFBC flue gas was determined by the analytical activated-bauxite sorber bed technique developed at Argonne National Laboratory. The test results showed that sodium is the major alkali-vapor species present in the PFBC flue gas, and that the level of sodium-vapor emission increases linearly with both Na and Cl contents in the coals. This suggests that the sodium-vapor emission results from direct vaporization of NaCl present in the coals. The measured alkali-vapor concentration (Na + K), 67 to 190 ppbW, is more than 2.5 times greater than the allowable alkali limit of 24 ppb for an industrial gas turbine. Combusting these coals in a PFBC for power generation may require developing a method to control alkali vapors.

  18. Measurement of alkali-vapor emission from pressurized fluidized-bed combustion of Illinois coals

    Energy Technology Data Exchange (ETDEWEB)

    Lee, S.H.D.; Teats, F.G.; Swift, W.M. [Argonne National Lab., IL (United States); Banerjee, D.D. [Illinois Clean Coal Inst., Carterville, IL (United States)

    1993-04-01

    Two Illinois Herrin No. 6 coals and one Illinois Springfield No. 5 coal were separately combusted in a laboratory-scale (15-cm dia) pressurized fluidized-bed combustor (PFBC) combined with an alkali sorber. These coals were combusted in a fluidized bed of Tymochtee dolomite at temperatures ranging from 910 to 950{degree}C and a system pressure of 9.2 atm absolute. Alkali-vapor emission (Na and K) in the PFBC flue gas was determined by the analytical activated-bauxite sorber bed technique developed at Argonne National Laboratory. The test results showed that sodium is the major alkali-vapor species present in the PFBC flue gas, and that the level of sodium-vapor emission increases linearly with both Na and Cl contents in the coals. This suggests that the sodium-vapor emission results from direct vaporization of NaCl present in the coals. The measured alkali-vapor concentration (Na + K), 67 to 190 ppbW, is more than 2.5 times greater than the allowable alkali limit of 24 ppb for an industrial gas turbine. Combusting these coals in a PFBC for power generation may require developing a method to control alkali vapors.

  19. Supercritical solvent coal extraction

    Science.gov (United States)

    Compton, L. E. (Inventor)

    1984-01-01

    Yields of soluble organic extract are increased up to about 50% by the supercritical extraction of particulate coal at a temperature below the polymerization temperature for coal extract fragments (450 C.) and a pressure from 500 psig to 5,000 psig by the conjoint use of a solvent mixture containing a low volatility, high critical temperature coal dissolution catalyst such as phenanthrene and a high volatility, low critical temperature solvent such as toluene.

  20. Coal and our environment

    International Nuclear Information System (INIS)

    This booklet describes how coal is important for economic development and how it can be used without environmental damage. Aspects covered include: improved air quality; Clean Air Act; controlling emissions from coal; flue gas desulfurization; acid rain; the greenhouse effect and climatic change; the cost of clean air; surface coal mining and land reclamation; underground mining and subsidence; and mining and water pollution including acid mine drainage