简介:Themanager′sinvestmentdecisionsismodeledwhenthemanagerisrisk-averseandhasstockoptionsascompensation.Itisfoundthatthestrikepriceofoptionsiscrucialtotheinvestmentincentivesofmanagers,andthatthecorrectvalue,orintervalofvalues,ofmanagerialstockoptionstrikepricecanbringstockholderandmanagerinterestsinagreement.
简介:Astrikeresetoptionisanoptionthatallowsitsholdertoresetthestrikepricetotheprevailingunderlyingassetpriceatamomentchosenbytheholder.Thepricingmodeloftheoptioncanbeformulatedasaparabolicvariationalinequalityandtheoptimalresetstrategyisthefreeboundary.ThesmoothnessofthefreeboundaryinsomecaseswasshowedinourarticlepublishedinJDE.Wewouldproveitssmoothnessintheothercaseinthispaperbyageneralizedcomparisonprincipleforthevariationalinequality.
简介:IntroductionTheEuropeanUnion(EU)discloseditsnewstrategyfordealingwithChinawhenissuinganewpolicypaperentitled"EU-China:CloserPartnership,GrowingResponsibilities"onOctober24,2006.ByacknowledgingChinaasanewglobaltradeforce,thepolicypaperarguesthat"theEU’sfundamentalapproachtoChinamustremainoneofengagementandpartnership,butwith
简介:OnSeptember31996,theUSlaunchedacruise-misslestrikeonair-defencepo-sitionsinsouthernIraqontheexcuseofIraq’smilitaryattackinnorthernIraqagainsttheanti-governmentPatrioticUnionofKurdistan(PUK).ThiswasthesecondUSmilitaryactionagainstIraqsincethe1990-91GulfWar.Theeventhasarouseduniversalconcernintheinternationalcommunity.
简介:Background:Forefootstrike(FFS)andrearfootstrike(RFS)runnersdifferintheirkinematics,forceloadingrates,andjointloadingpatterns,butthetimingoftheirmuscleactivationislessclear.Methods:Fortyrecreationalandhighlytrainedrunnersranatfourspeedsbarefootandshodonamotorizedtreadmill.'Barefoot'runnersworethin,five-toedsocksandshodrunnersworeneutralrunningshoes.Subjectswereinstructedtoruncomfortablyateachspeedwithnoinstructionsaboutfootstrikepatterns.Results:ElevenrunnerslandedwithanFFSwhenbarefootandshodandelevenrunnerslandedwithanRFSwhenbarefootandshod.The18remainingrunnersshiftedfromanFFSwhenbarefoottoanRFSwhenshod(shifters).Shodshiftersranwithalowerstridefrequencyandgreaterstridelengththanallotherrunners.AllFFSrunnerslandedwithmoreplantarflexedanklesandmoreverticallowerlegsatthebeginningofstancecomparedtoRFSrunners.FFSrunnersactivatedtheirplantarflexormuscles11%earlierand10%longerthanRFSrunners.Conclusion:Thisearlierandlongerrelativeactivationoftheplantarrlexorslikelyenhancesthecapacityforthepassivestructuresofthefootandankletostoreelasticenergy,andmayalsoenhancetheperformanceoftheactivemusclebyincreasingthestorageofelasticstrainenergyinthecross-bridaesandactivatedthin.
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