The Austrian Insurance Industry: A Structure, Conduct and Performance Analysis

There exist a vast number of studies on the banking industry. However, the insurance industry remains relatively unexplored. Increasingly, Austrian insurance institutions are becoming important as financial intermediaries in the domestic market, and – based on proximity advantage – also in the Central and Eastern European markets. This paper applies the structure, conduct and performance (SCP) approach to a sample of 52 Austrian insurance firms. The main finding is that the standard SCP hypothesis of highly concentrated markets, which create incentives to engage in collusive behaviour and which in turn leads to higher industry profit rates, cannot be supported by the Austrian insurance industry leads to higher industry profit rates, cannot be supported by the Austrian insurance industry.Insurance industry, Market structure, Conduct and performance, Industrial organisation

Solid medium thermal engine

A device is described which uses a single phase metallic working substance to convert thermal energy directly into mechanical energy. The device consists of a cylindrical metal tube which is free to rotate about its axis while being subjected to continuous bending moment stresses along the longitudinal axis of rotation. The stressing causes portions of the tube to be under compression while other parts are under tension which in turn causes the tube to rotate and provide mechanical energy

Metal tube used as solar engine

Ends of metal tube are fastened to axles which are supported on bearings so tube can rotate about its long axis while subjected to invariant bending moment that stresses it along longitudinal axis of rotation. Heat absorbed leads to expansion of metal, which unbalances internal forces and generates rotational moment in tube

Electropneumatic rheostat regulates high current

Electropneumatic rheostat maintains a constant direct current in each of several high-power parallel loads, of variable resistance, across a single source. It provides current regulation at any preset value by dissipating the proper amount of energy thermally, and uses a column of mercury to vary the effective length of a resistance element

Functional and structural properties of dentate granule cells with hilar basal dendrites in mouse entorhino-hippocampal slice cultures

During postnatal development hippocampal dentate granule cells (GCs) often extend dendrites from the basal pole of their cell bodies into the hilar region. These so-called hilar basal dendrites (hBD) usually regress with maturation. However, hBDs may persist in a subset of mature GCs under certain conditions (both physiological and pathological). The functional role of these hBD-GCs remains not well understood. Here, we have studied hBD-GCs in mature (≥18 days in vitro) mouse entorhino-hippocampal slice cultures under control conditions and have compared their basic functional properties (basic intrinsic and synaptic properties) and structural properties (dendritic arborisation and spine densities) to those of neighboring GCs without hBDs in the same set of cultures. Except for the presence of hBDs, we did not detect major differences between the two GC populations. Furthermore, paired recordings of neighboring GCs with and without hBDs did not reveal evidence for a heavy aberrant GC-to-GC connectivity. Taken together, our data suggest that in control cultures the presence of hBDs on GCs is neither sufficient to predict alterations in the basic functional and structural properties of these GCs nor indicative of a heavy GC-to-GC connectivity between neighboring GCs