Investigating the canonical ensemble of a classical relativistic ideal gas in the Tsallis nonextensive framework we evaluate the specific heat in the extreme relativistic case in a closed form by directly employing the third constraint scenario. The canonical ensemble of N particles in D...

This paper examines the effect of urban income uncertainty on urbal-to-rural and rural-to-urban remittances, as well as on the decision to migrate. It also explores whether remittances can be sustained in a noncooperative setting, and whether cooperative behaviour might emerge from individuals...

We obtain an analytic expression for the specific heat of a system of N rigid rotators exactly in the high temperature limit, and via a perturbative approach in the low temperature limit. We then evaluate the specific heat of a diatomic gas with both translational and rotational degrees of...

This paper formally analyzes the biases related to self-reporting in hedge fund databases by matching the quarterly equity holdings of a complete list of 13F-filing hedge fund companies to the union of five major commercial databases of self-reporting hedge funds between 1980 and 2008. We find...

This paper shows that proxy contests have a significant adverse effect on careers of incumbent directors. Following a proxy contest, directors experience a significant decline in the number of directorships not only in the targeted company, but also in other nontargeted companies. The results...

We extend Kyle's (1985) model of insider trading to the case where liquidity provided by noise traders follows a general stochastic process. Even though the level of noise trading volatility is observable, in equilibrium, measured price impact is stochastic. If noise trading volatility is...