The aim of this paper is to study the demand for inputs in the Italian manufacturing, using firm-level data on pharmaceutical industry. The Italian pharmaceutical industry is characterized by the existence of long-term labor contracts, and this fact suggests to consider labor as quasi-fixed input. In order to characterize firms behavior we base our analysis on the restricted Generalized Leontief cost function. The choice of this flexible functional form is due to its ability to capture the input substitution patterns in presence of more than one quasi-fixed input. Therefore demand and substitution elasticities are estimated with respect to two different theoretical models: the first, QFI (1), with capital as quasi-fixed input and the second, QFI (2), with two quasi-fixed inputs, capital and labor. The choice among the two alternative specifications is based on an elasticity comparison criterion, since the two models are not nested. The results suggest a rigid productive structure during the period under observation. Our results confirm the a priori on the labor market rigidity and point out the high heterogeneity between the firms, even controlling for size and nationality.
The design and construction of progressive glass architecture is explained in detail, the design and detailing of load-bearing glass building elements is explained for practical application. The optimisation of futuristic building envelopes is dealt with in the same detail as the energetic refurbishment of listed facades. Not least, the latest results from respected research institutes offer a reliable overview of the potential of glass construction.
Implementing Cleaner Production in the pulp and paper industry The large—and still growing—pulp and paper industry is a capital- and resource-intensive industry that contributes to many environmental problems, including global warming, human toxicity, ecotoxicity, photochemical oxidation, acidification, nutrification, and solid wastes. This important reference for professionals in the pulp and paper industry details how to improve manufacturing processes that not only cut down on the emission of pollutants but also increase productivity and decrease costs. Environmentally Friendly Production of Pulp and Paper guides professionals in the pulp and paper industry to implement the internationally recognized process of Cleaner Production (CP). It provides updated information on CP measures in: Raw material storage and preparation Pulping processes (Kraft, Sulphite, and Mechanical) Bleaching, recovery, and papermaking Emission treatment and recycled fiber processing In addition, the book includes a discussion on recent cleaner technologies and their implementation status and benefits in the pulp and paper industry. Covering every aspect of pulping and papermaking essential to the subject of reducing pollution, this is a must-have for paper and bioprocess engineers, environmental engineers, and corporations in the forest products industry.
The definitive guide to the science of solar energy You hold in your hands the first, and only, truly comprehensive guide to the most abundant and most promising source of alternative energy—solar power. In recent years, all major countries in the world have been calling for an energy revolution. The renewable energy industry will drive a vigorous expansion of the global economy and create more «green» jobs. The use of fossil fuels to power our way of living is moving toward an inevitable end, with sources of coal, petroleum, and natural gas being fiercely depleted. Solar energy offers a ubiquitous, inexhaustible, clean, and highly efficient way of meeting the energy needs of the twenty-first century. This book is designed to give the reader a solid footing in the general and basic physics of solar energy, which will be the basis of research and development in new solar engineering technologies in the years to come. As solar technologies like solar cells, solar thermal power generators, solar water heaters, solar photochemistry applications, and solar space heating-cooling systems become more and more prominent, it has become essential that the next generation of energy experts—both in academia and industry—have a one-stop resource for learning the basics behind the science, applications, and technologies afforded by solar energy. This book fills that need by laying the groundwork for the projected rapid expansion of future solar projects.
A Comprehensive Review of the Liquid Alts Market and How ‘40 Act Products Can Enhance Client Portfolios Liquid alternatives give investors access to hedge fund strategies with the benefits of ’40 Act products: lower fees, higher liquidity, greater transparency, and improved tax efficiency. Alts Democratized is a hands-on guide that offers financial advisors and individual investors the tools and analysis to enhance client portfolios using alternative mutual funds and ETFs. Well-grounded in research and replete with more than 100 exhibits of Lipper data, Alts Democratized profiles the top ten funds in each of the eleven Lipper liquid alt classifications. This includes total net assets, fund flows, risk and return metrics, and the factor exposures that drive performance and help explain correlations to various forms of beta. Jessica Lynn Rabe and Robert J. Martorana, CFA, combine this research with a comprehensive framework for fund selection and portfolio construction to enhance the asset allocation process, facilitate portfolio customization, and manage client expectations. In addition, the book includes functional perspectives on issues pertinent to financial advisors such as fees, client suitability, and volatility management. This helps advisors apply the concepts to portfolios and offer actionable investment advice. The authors also interviewed executives at leading wealth management firms to provide color on industry trends and best practices. The companion website provides ancillary materials that reinforce and supplement the book, including: The authors’ top ten takeaways Classification cheat sheet Portfolio construction guide (full color) Talking points for clients Q&A on liquid alts Presentation with all 118 exhibits from the book (full color) Alts Democratized comprises a complete resource for the advisor seeking new sources of alpha, diversification, and hedging of tail risks.
Robin Barry's Construction of Buildings was first published in 1958 in 5 volumes, rapidly becoming a standard text on construction. In its current 2 volume format Barry remains hugely popular with both students and lecturers of construction and related disciplines. The third edition of Barry's Advanced Construction of Buildings expands and deepens your understanding of construction technology. It covers the construction of larger-scale buildings (primarily residential, commercial and industrial) constructed with load bearing frames, supported by chapters on fit-out and second fix, lifts and escalators, off-site construction and a new chapter on building obsolescence and revitalisation. Functional and performance requirements of the main building elements are emphasised throughout, as is building efficiency and meeting the challenges of limiting the environmental impact of buildings. You will find the text fully up to date with the latest building regulations and construction technologies. The new edition, with supporting material at www.wiley.com/go/barrysintroduction, is an ideal information source for developing a wider and deeper understanding of construction technology.
This book challenges the new urban growth concepts of the creative class and creative industries from a critical urban theory perspective. Critiques Richard Florida's popular books about cities and the creative class Presents an alternative approach based on analyses of empirical research data concerning the German urban system and the case study regions, Hanover and Berlin Underscores that the culture industry takes a leading role in conforming with neoliberal conceptions of labor markets
Since the first edition of the Handbook of Alternative Assets was published, significant events-from the popping of the technology bubble and massive accounting scandals to recessions and bear markets-have shifted the financial landscape. These changes have provided author Mark J. P. Anson with an excellent opportunity to examine alternative assets during a different part of the economic cycle than previously observed in the first edition. Fully revised and updated to reflect today's financial realities, the Handbook of Alternative Assets, Second Edition covers the five major classes of alternative assets-hedge funds, commodity and managed futures, private equity, credit derivatives, and corporate governance-and outlines the strategies you can use to efficiently incorporate these assets into any portfolio. Throughout the book, new chapters have been added, different data sources accessed, and new conclusions reached. Designed as both an introduction to the world of alternative assets and as a reference for the active investor, the Handbook of Alternative Assets, Second Edition will help you match alternative assets with your various investment goals.
Leverage mindful awareness and intention to achieve better outcomes Overworked and Overwhelmed: The Mindfulness Alternative offers practical insights for the executive, manager or professional who feels like their RPM is maxed out in the red zone. By making the concepts and practices of mindfulness simple, practical and applicable, this book offers actionable hope for today's overworked and overwhelmed professional. New research shows that the smartphone equipped professional is connected to work 72 hours a week. Forty eight percent of Americans report that their stress level is up and that the number one source of stress is the job pressure of a 24/7 world. What's the alternative? Top leadership coach and educator Scott Eblin offers one in Overworked and Overwhelmed: The Mindfulness Alternative. While mindfulness is one of the «Top Ten Trends for 2014 and Beyond,» many professionals think it's just too hard to give it a try. In this book, Eblin shows that mindfulness that makes a difference doesn't require meditating like a Buddhist monk. Overworked and Overwhelmed is a handbook for more mindful work and living that offers: «Must know» mindfulness basics that today's professional needs to thrive in a 24/7 world. Inspiring examples of mindfulness in action from dozens of leaders ranging from a U.S. Coast Guard Commandant to the CEO of Hilton Worldwide. A self assessment for readers to understand how they perform at their best. Simple routines to reduce stress and sustain peak performance. A personal planning framework for creating the outcomes that matter most at home, at work and in the community. Even small increases in mindfulness can lead to big changes in productivity and quality of life for the overworked and overwhelmed professional. Overworked and Overwhelmed: The Mindfulness Alternative is a guide for doing just that.
In Securities Finance, editors Frank Fabozzi and Steven Mann assemble a group of prominent practitioners in the securities finance industry to provide readers with an enhanced understanding of the various arrangements in the securities finance market. Divided into three comprehensive parts—Securities Lending, Bond Financing via the Repo Market, and Equity Financing Alternatives to Securities Lending—this book covers a wide range of securities finance issues, including alternative routes to the securities lending market, evaluating risks in securities lending transactions, U.S. and European repo markets, dollar rolls and their impact on MBS valuation and strategies, derivatives for financing equity positions and equity repos, and more. Filled with in-depth insight and expert advice, Securities Finance contains the information readers need to succeed in this rapidly expanding market.
The first European edition of Francis DK Ching’s classic visual guide to the basics of building construction. For nearly four decades, the US publication Building Construction Illustrated has offered an outstanding introduction to the principles of building construction. This new European edition focuses on the construction methods most commonly used in Europe, referring largely to UK Building Regulations overlaid with British and European, while applying Francis DK Ching’s clear graphic signature style. It provides a coherent and essential primer, presenting all of the basic concepts underlying building construction and equipping readers with useful guidelines for approaching any new materials or techniques they may encounter. European Building Construction Illustrated provides a comprehensive and lucid presentation of everything from foundations and floor systems to finish work. Laying out the material and structural choices available, it provides a full understanding of how these choices affect a building′s form and dimensions. Complete with more than 1000 illustrations, the book moves through each of the key stages of the design process, from site selection to building components, mechanical systems and finishes. Illustrated throughout with clear and accurate drawings that effectively communicate construction processes and materials Provides an overview of the mainstream construction methods used in Europe Based around the UK regulatory framework, the book refers to European level regulations where appropriate. References leading environmental assessment methods of BREEAM and LEED, while outlining the Passive House Standard Includes emerging construction methods driven by the sustainability agenda, such as structural insulated panels and insulating concrete formwork Features a chapter dedicated to construction in the Middle East, focusing on the Gulf States
Navigate M&A accounting arbitrations with insider perspective M&A Disputes takes you inside the dispute resolution process to help you put together the many «moving parts» necessary to obtain a successful outcome. With deep insight from experts in the field—including valuable advice from the arbitrator's perspective—this book guides you through the entire process to explore the variables at work. The high volume of M&A transactions makes post-closing price adjustment provisions and accounting arbitrations a critical part of doing business. Yet, the field is opaque to non-practitioners and important issues can be easily misunderstood without specific knowledge and experience. A resulting award can make or break a transaction; an intimate understanding of the process's inner working can help you plan your position to the greatest advantage. This book explores the many factors that that contribute to a successful resolution across the entire transaction life cycle from contract negotiation through the dispute phase including due diligence, determination of the target net working capital, conception and closing of the purchase agreement, post-closing negotiation and dispute resolution, the impact of accounting practices, guidance, and documentation as well as relevant auditing concepts, and various facts and circumstances surrounding the target business and the transaction that need to be considered. M&A volume remains high and continues to result in large numbers of current and future post-closing M&A disputes. Clients rely on their attorneys and advisers to guide them through the process and counsel them toward a positive outcome. Those professionals will find that M&A accounting arbitrations carry a range of distinctions that require a specialized knowledge base to navigate correctly. This book provides real-world guidance from experts in the field, with invaluable insight for every stage of the process. Walk through the entire dispute resolution process from arbitrator selection through final award Understand how M&A agreement provisions impact the awarded amount as well as the options available to limit the scope of potential disputes and the «gaming» of the post-closing process by the counterparty Understand the nature of accounting estimates and guidance, their interaction with accounting arbitrations, and how to synthesize facts, circumstances, and GAAP into a persuasive argument to present to the accounting arbitrator Get situation-specific advice for different types of transactions Learn practitioner «dos» and «don'ts» from the arbitrator's perspective M&A Disputes provides transaction parties and their representatives an inside view at the transaction and commonly disputed items through the eyes of the arbitrator to provide them with uniquely valuable insight. In addition to being an invaluable tool for practitioners appearing before an accounting arbitrator, M&A Disputes also provides advice to would-be and experienced arbitrators alike to successfully resolve disputes that can be significant and complex.
This first comprehensive overview of this important synthetic reaction covers the whole spectrum of this modern and rapidly developing field. Clearly structured, the book presents all the known synthetic approaches for the construction of aromatic compounds bearing benzylic stereocenters with a defined configuration. With its representative synthetic procedures, organocatalysis and industrial applications it combines a theoretical basis with practical examples, resulting in valuable advice for beginners and experts alike. The ultimate source for every synthetic chemist in academia and industry.
The book on hedge fund basics, completely updated to reflect today’s post-crisis industry The hedge fund industry has been reeling in the wake of recent Ponzi schemes and insider trading scandals as well as the loss of billions of dollars in assets under management due to fund closures. Getting Started in Hedge Funds, Third Edition focuses on the current state of the industry; how hedge funds did or did not survive the subprime and subsequent credit crisis; and, what the future holds for investors. Getting Started in Hedge Funds, Third Edition also provides readers with a brief overview of the industry's history, and describes the inner-workings of these complex investment vehicles, including how to start a hedge fund, and what new regulations means for managers and investors. • Profiles 10 highly successful hedge fund managers • Addresses the Madoff scandal, as well as other lesser known Ponzi schemes, and analyzes the ripple effect felt throughout the industry as a result of these and other scandals Despite the performance of some of these funds in the last few years, hedge funds are here to stay. In this Third Edition, Getting Started in Hedge Funds, Strachman provides an updated «how-to» guide for investors interested in hedge funds in this era of «new normal.»
Currently in its third edition, the NEC suite has become one of the UK’s leading families of standard forms of contract for major construction and civil engineering projects. Part of the NEC suite, the Professional Services Contract (PSC) was drafted with the same process-based approach and objectives, offering a standard contract for the appointment of consultants providing professional services in an engineering or construction project. Embodying best practice in terms of project management, the basic philosophy of the PSC differs from the principles and approach of other standard contracts used to appoint consultants. This book is a practical guide to the application of the PSC. Starting with a brief discussion of the background and philosophy behind the PSC, it identifies the roles and responsibilities of each of the named functions within the contract, explains the approaches required to achieve a successful working relationship between all parties, and examines all the procedures in the PSC. The book explains the links between the various sections of the contract to assist the reader with cross referencing, and covers all the variations created by the Main and Secondary Options. As a very practical guide it will aid users in the transition from their use and understanding of the other standard contracts to the collaborative project management-based approach of the PSC. Written for anyone working in the construction and related industries using the PSC to procure or provide consultancy services in relation to a construction project, it will be of interest to the complete construction supply chain, particularly architects, structural engineers, services (M&E) engineers, civil engineers, quantity surveyors and interior designers, together with Contractors and Sub-Contractors who have a design liability and employ consultants to assist them. It will also be of interest to consultants and lawyers advising any of these parties, either in the preparation of contract documentation or the resolution of problem situations which may arise.