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Abstract: This paper describes a 44-year (from 1958 to 2001) wave hindcast conducted for the North Atlantic, using a fine grid in the North East Atlantic coastal areas of Europe. The wind fields were obtained by a local area model that was applied in the areas adjacent to the European coasts, which was forced by the results of the NCEP reanalysis. While the NCEP results have a spatial distribution of 2° and a time step of 6 h the wind fields produced by the local area model have a spatial resolution of 0.5° and a time step of 1 h, which is important for accurate descriptions of the conditions in coastal areas and in rapidly changing storms. A version of the WAM model that allowed two-way nesting was adopted and calculations were made with nested grids allowing a fine resolution in the coastal areas of Europe. This paper includes the description of the set-up of the wave model and the validation performed vs. in-situ measurements so as to allow assessments of the quality of the data produced in this study. [Copyright &y& Elsevier]

An analysis of Bošković's early paper concerned with the polar light (aurora borealis) gives an insight into the validity of the mathematical method which the young Bošković applied to significant geophysical phenomena in order to comprehend their nature. Based on the given data, we have examined numerical results about the height of atmosphere and the heights of the auroras which were observed over Europe in 1726 and in 1737. In his text there is not a single mathematical formula. Following his instructions we have derived a formula which may be used to determine the distance of an aurora by observing it from one station. For the assumed aurora model, his method is applicable. We find that described ideas on the physical cause of aurora, conceived in a fluid coming from the sun, have elements of modern knowledge. [ABSTRACT FROM AUTHOR]

Abstract: In Europe, the preferential tax treatment of company cars implies that many employees receive a company car as part of their compensation package. In this paper, we consider a model in which wages and the decision whether or not to provide a company car are the result of direct negotiation between employer and employee. Using this framework, we theoretically and numerically study first- and second-best optimal tax policies on labour and transport markets, focusing on the role of the tax treatment of company cars. We obtain the following results. First, higher labour taxes and a more favourable tax treatment of company cars raise the fraction employees that receives a company car; congestion and congestion tolls reduce it. Second, in countries that provide large implicit subsidies to company cars, eliminating the preferential tax treatment of company cars may be an imperfect but quite effective substitute for currently unavailable congestion tolls. The numerical illustration, calibrated using Belgian data, suggests that it yields about half the welfare gain attainable through optimal congestion taxes. Third, the favourable tax treatment of company cars justifies large public transport subsidies; the numerical results are consistent with zero public transport fares. Finally, we find that earlier models that ignored the preferential tax treatment of company cars may have substantially underestimated optimal congestion tolls in Europe. The numerical illustration suggests that about one third of the optimal congestion toll we obtain can be attributed to the current tax treatment of company cars. [Copyright &y& Elsevier]

Abstract: A review by Hollander et al. (in preparation), discusses the relative potentials, advantages and shortcomings of spatial and non spatial models of chemical fate, highlighting that spatially explicit models may be needed for specific purposes. The present paper reviews the state of the art in spatially explicit chemical fate and transport modeling in Europe. We summarize the three main approaches currently adopted in spatially explicit modeling, namely (1) multiple box models, (2) numerical solutions of simultaneous advection–dispersion equations (ADE) in air, soil and water, and (3) the development of meta-models. As all three approaches experience limitations, we describe in further detail geographic information system (GIS)-based modeling as an alternative approach allowing a simple, yet spatially explicit description of chemical fate. We review the input data needed, and the options available for their retrieval at the European scale. We also discuss the importance of, and limitations in model evaluation. We observe that the high uncertainty in chemical emissions and physico-chemical behavior in the environment make realistic simulations difficult to obtain. Therefore we envisage a shift in model use from process simulation to hypothesis testing, in which explaining the discrepancies between observed and computed chemical concentrations in the environment takes importance over prediction per se. This shift may take advantage of using simple models in GIS with residual uses of complex models for detailed studies. It also calls for tighter joint interpretation of models and spatially distributed monitoring datasets, and more refined spatial representation of environmental drivers such as landscape and climate variables, and better emission estimates. In summary, we conclude that the problem is not “how to compute” (i.e. emphasis on numerical methods, spatial/temporal discretization, quantitative uncertainty and sensitivity analysis…) but “what to compute” (i.e. emphasis on spatial distribution of emissions, and the depiction of appropriate spatial patterns of environmental drivers). [Copyright &y& Elsevier]

Abstract: The sediment transport processes in the south-western Baltic Sea are predicted by means of a numerical model in the project DYNAS. There are two sediment parameters that influence the results of modelling remarkably: critical shear stress velocity and bottom roughness. This paper presents the way how to parameterise these factors and extrapolate them into the investigation area. The critical shear stress velocity is parameterised basing on grain size data, combining approximations after Hjulström [Hjulström, F., 1935: Studies in the morphological activity of rivers as illustrated by the river Fyris. Geological Institution of University of Uppsala: Bulletin (25): 221–528.], Shields [Shields, A., 1936: Anwendung der Ähnlichkeits-Mechanik und der Turbulenzforschung auf die Geschiebebewegung. Mitteilungen der Preussischen Versuchsanstalt für Wasserbau und Schiffahrt (26): 26 pp.] and Bohling [Bohling, B., 2003: Untersuchungen zur Mobilität natürlicher und anthropogener Sedimente in der Mecklenburger Bucht. unpublished doctoral thesis, Mathematisch-Naturwissenschaftliche Fakultät, Ernst-Moritz-Arndt-Universität Greifswald/Germany, 156 pp.]. The roughness length, in the case of absence of macro zoo-benthos and their structures, is parameterised basing on grain size too employing Soulsby [Soulsby, R.L., 1997: Dynamics of Marine Sands: a Manual for Practical Applications. London, Thomas Telford Publications. 249 pp.], Nielsen [Nielsen, P., 1983: Analytical determination of nearshore wave height variation due to refraction shoaling and friction. Coastal Engineering 7, 233–251.] and Yalin [Yalin, M.S., 1977: Mechanics of Sediment Transport. Pergamon Press, New York. 298 pp.]. No equivalent simple parameterisations for biologically caused bed roughness exist. Here, findings of Friedrichs [Friedrichs, M., 2004: Flow-induced effects of macro zoo-benthic structures on the near-bed sediment transport. Dissertation, Universität Rostock, 80 S.] and estimations by the DYNAS biologists group were combined in order to derive roughness lengths from abundance measurements of four previously selected key species which represent the originators of the dominating benthic structures at the sea floor in the south-western Baltic Sea. Critical shear stress velocity and bed roughness are known at few sample sites only. They were extrapolated into the larger investigation area using a proxy-target concept. The mean near bottom milieu (bathymetry, median grain size, salinity, oxygen) which was derived using results from numerical modelling serves as the proxy. Since the milieu parameters are measured at the sampling sites for which the target parameters have been determined, a combined hierarchical and supervised classification was employed to transfer the local knowledge into the unknown investigation area. [Copyright &y& Elsevier]

This study proposes a new scheme for static hedging of European path-independent derivatives under stochastic volatility models. First, we show that pricing European path-independent derivatives under stochastic volatility models is transformed to pricing those under one-factor local volatility models. Next, applying an efficient static replication method for one-dimensional price processes developed by Takahashi and Yamazaki (2008), we present a static hedging scheme for European path-independent derivatives. Finally, a numerical example comparing our method with a dynamic hedging method under Heston's (1993) stochastic volatility model is used to demonstrate that our hedging scheme is effective in practice. © 2009 Wiley Periodicals, Inc. Jrl Fut Mark 29:397–413, 2009 [ABSTRACT FROM AUTHOR]