In this paper we show the possibility of existence of preferred stocks in a tax induced equilibrium. We show that the Miller equilibrium framework can accommodate more than two securities if different investor classes are taxed differently and the tax schedule is not flat. The introduction of...

Understanding a selective oxidation of alloying elements, which occurs during the annealing of high strength steels, is a major task and also a powerful tool for improving wettability behaviour during the hot-dip galvanising. With increasing dew point of H2/N2 annealing atmosphere, a transition...

The aim of the project was to identify suitable material as well as weld overlays and thermal spray coatings for service in high temperature combustion plants, i.e. waste and biomass incineration and a cement kiln plant. The project combines investigation in the laboratory on fundamentals of...