Problem of unity of measurements in ensuring safety of hydraulic structures

Translated from Gidrotekhnicheskoe Stroitel'stvo, No. 1, pp. 14–17, January, 1994.     

CAN INEFFICIENT TRADERS CREATE VALUE?

I examine the aggregate expected profit generated by informed traders of diverse ability in a competitive market. I assume that efficient traders get perfect information on asset values whereas inefficient traders get noisy information. In the presence of order size restrictions, I show that the aggregate expected profit generated by efficient and inefficient traders together can be higher than that generated by efficient traders alone. Thus, inefficient traders can create value in a constrained trading environment.     

Reconstruction of the friction units of turbine guide vanes

Conclusions After the almost 2-yr operation of the gate apparatus since the start of reconstruction of friction units of the vanes, we can make a preliminary evaluation of the effectiveness of the works:There is practically no leakage of water through the gate vanes to the turbine cover, which led to a complete unloading of the drainage pumps on the turbine cover and the efficiency of operating the gate apparatus increased considerably.Repair of the gate apparatus is not required during maintenance.There is no vibration of the gate vanes, since the gaps in the friction units of the journals of the gate vanes are minimum and stable.The operating personnel objectively evaluate highly the work of the gate apparatus of the turbine after reconstruction and will continue this work on the remaining turbines.Translated from Gidrotekhnicheskoe Stroitel'stvo, No. 9, pp. 12–14, September, 1985.     

Condorcet efficiency of two stage constant scoring rules

Previous research has developed a representation for the Condorcet efficiency of plurality and negative plurality rules on three candidates for large electorates under the impartial culture condition. This study considers the two stage voting rules on three candidates, plurality elimination and negative plurality elimination. A representation is obtained for the Condorcet efficiency of each for large electorates under impartial culture. The Condorcet efficiencies of both rules are equal and are shown to be substantially greater than the Condorcet efficiency of plurality and negative plurality.     

An Analysis of Differences in Earnings Between Small and Large Commercial Banks

This paper introduces a simple, yet rich, measure of efficiency changes based on the revenue-generating-ability (RGA) principle. Using this principle, we explain the connections between efficiency changes and the variables, such as pretax profits, interest expense, non-interest expense, profit margins, loan loss provision, and asset quality. These connections are used to explain earnings differences between small and large commercial banks.     

Results of familiarization of and prospects for a procedure for the burning of wastes in a vortical fluidized bed

Problems that have arisen during tune-up of the production line for the thermal processing of solid household waste by the method of burning in a vortical fluidized bed (principally, a new technology for Russia), and means of their solution are presented. Investigative studies are cited. __________ Translated from élektricheskie Stantsii, No. 6, pp. 20–26, August, 2006.     

Design of the experimental air curtain for the dam of the Krivoporozhsk hydroelectric station

Translated from Gidrotekhnicheskoe Stroitel'stvo, No. 10, pp. 11–13, October, 1992.     

Endogenous Growth and Negative Externalities

Received March 5, 2001; revised version received August 5, 2002 Published online: April 30, 2003