WorldWideScience

Sample records for underlying economic theory

  1. Issues of the economic risks theory under direct taxation

    Directory of Open Access Journals (Sweden)

    Vyacheslav Aleksandrovich Slavin

    2015-09-01

    perturbation described by periodic functions of time their frequency equal to the frequency of technological cycles of the firm production units. The work states a number of correlations between the indicators of production processes and taxation processes. The effect of progressive taxation on the company is described. Scientific novelty for the first time the aricle demonstrates the possibility to theoretically describe the economic risks of the taxation company and to establish the economic nature of their essential characteristics. Practical significance the obtained results allow to form a complex of practical programs aimed at the optimization of the company performance indicators for the purpose of reducing the probability its assets of loss under taxation. nbsp

  2. Economic theories of dictatorship

    OpenAIRE

    Alexandre Debs

    2010-01-01

    This article reviews recent advances in economic theories of dictatorships and their lessons for the political stability and economic performance of dictatorships. It reflects on the general usefulness of economic theories of dictatorship, with an application to foreign relations.

  3. Economic Selection Theory

    DEFF Research Database (Denmark)

    Knudsen, Thorbjørn

    2003-01-01

    The present article provides a minimal description of the causal structure of economic selection theory and outlines how the internal selection dynamics of business organisations can be reconciled with selection in competitive markets. In addition to generic similarity in terms of the Darwinian...... principles of variation, continuity and selection, it is argued that economic selection theory should mimic the causal structure of neo-Darwinian theory. Two of the most influential explanations of economic evolution, Alchian's and Nelson and Winter's, are used to illustrate how this could be achieved....

  4. Privatization in economic theory

    Directory of Open Access Journals (Sweden)

    Drakić Maja

    2007-01-01

    Full Text Available In reality privatization has never occurred according to the handbook rules of ordinary market transactions. Not even in advanced market economies can privatization transactions be described by the Walrasian or Arrowian, or Leontiefian equilibrium models, or by the equilibrium models of the game theory. In these economies transactions of privatization take place in a fairly organic way – which means that those are driven by the dominance of private property rights and in a market economy. But despite this fact Western privatization also some peculiar features as compared to ordinary company takeovers, since the state as the seller may pursue non – economic goals. Changes in the dominant form of property change positions and status of many individuals and groups in the society. That’s why privatization can even less be explained by ordinary market mechanisms in transition countries where privatizing state-owned property have happened in a mass scale and where markets and private property rights weren't established at the time process of privatization began. In this paper I’ll discuss and analyze the phenomenon of privatization in context of different economic theories arguing that empirical results go in favor of the public choice theory (Buchanan, 1978, theory of "economic constitution" (Brennan and Buchanan 1985, (Buchanan and Tullock, 1989, and theory of "collective action" (Olson, 1982. These theories argues that transition from one economic system into another, for example transition from collectivistic, socialistic system into capitalism and free market economy with dominant private property, will not happen through isolated changes of only few economic institutions, no matter how deep that changes would be. In other words privatization can not give results if it's not followed by comprehensive change of economic system because privatized companied wouldn't be able to operate in old environment.

  5. Artificial Intelligence and Economic Theories

    OpenAIRE

    Marwala, Tshilidzi; Hurwitz, Evan

    2017-01-01

    The advent of artificial intelligence has changed many disciplines such as engineering, social science and economics. Artificial intelligence is a computational technique which is inspired by natural intelligence such as the swarming of birds, the working of the brain and the pathfinding of the ants. These techniques have impact on economic theories. This book studies the impact of artificial intelligence on economic theories, a subject that has not been extensively studied. The theories that...

  6. Economic theory in historical perspective

    Directory of Open Access Journals (Sweden)

    Lefteris Tsoulfidis

    2017-05-01

    Full Text Available On the methodological plain this paper outlines the conditions that contribute to the development of economic theories and it continues with an examination of the concrete circumstances that gave rise to modern neoclassical macroeconomic theories. The paper further claims that the current impasse in macroeconomics is indicative of the need for new directions in economic theory which becomes imperative in the long economic downturn that started in 2007 and concludes by suggesting the need for a synthesis between the classical analysis and the theory of effective demand.

  7. Game Theory and Economic Behavior

    OpenAIRE

    Nicoleta SIRGHI

    2010-01-01

    Until the beginning of 1950s, the economic theory in general, and the microeconomic theory in particular, relied totally on the deterministic character of economic phenomena. Nowadays microeconomic models are built on uncertain elements in a competitive environment that is affected by risk and uncertainty. Two centuries later, traditional microeconomics, also known as derived microeconomics, continues to be based on Adam Smith’s theory. As individuals are interested in participating in commer...

  8. The population factor in economic growth theory

    NARCIS (Netherlands)

    Meilink, H.A.

    1974-01-01

    Reviews briefly the role of population growth in economic growth theory and makes a few critical remarks on the applied methodology and the underlying assumptions. Emphasis is laid on the possible relationships between population and economic growth in the developing countries, but also Malthus'

  9. Organizations, individualism and economic theory

    NARCIS (Netherlands)

    Brouwer, M.

    2012-01-01

    Most economic theory is based on the assumption that economies grow in a linear fashion. Recessions, depressions and (financial) crises are explained by policy mistakes. However, economic development has historically been uneven, and this state of affairs continues today. This book argues that

  10. Economic Integration Theories and the Developing Countries

    OpenAIRE

    Marinov, Eduard

    2014-01-01

    Economic integration theory goes through two development stages each of which addresses the relevant for its time political and economic context The first stage is regarded as classic theory or static analysis and includes the traditional theories of economic integration that explain the possible benefits of integration. The second stage includes the new economic integration theories that are often referred to as dynamic analysis of economic arrangements. Besides these two, there is a third t...

  11. Economic theory and econometric practice

    DEFF Research Database (Denmark)

    Sauer, Johannes

    Parametric efficiency analysis is one of the most investigated areas in applied pro-duction economics. Nevertheless, the vast majority of empirical studies are not ac-companied by a thorough theoretical interpretation of the underlying functional form and the obtained estimates. The robustness of...

  12. Do Economic Theories Inform Policy?

    DEFF Research Database (Denmark)

    Bartalevich, Dzmitry

    Adopting the (institutionalist) premise that ideas and the economic theories within which they are embedded influence policy, the dissertation investigates the influence of the Chicago School of antitrust analysis on the competition policy of the European Union (EU). The dissertation encapsulates...... three articles. The first article employs qualitative content analysis to assess whether and the extent to which the European Commission incorporates Chicago School theory into EU competition policy. It does so on the basis of current Commission Guidelines, Notices, and Block Exemption Regulations...... the Harvard School, the Freiburg School, and considerations for Single Market integration underpin EU merger control, in addition to the influence of the Chicago School. The analysis presented in the articles suggests that the Chicago School has exerted considerable influence over EU competition policy...

  13. Consumer Capital as the Source of Happiness : The Missing Economic Theory Underlying the Income-Happiness Paradox

    NARCIS (Netherlands)

    van Hoorn, André; Sent, Esther-Mirjam

    2016-01-01

    Self-reported happiness does not generally increase with rising income, as established by Richard Easterlin. We argue that the subsequent debate in economics surrounding this income-happiness paradox has paid too little attention to the theoretical foundation for the expected positive relation

  14. Mathematical Methods of Game and Economic Theory

    CERN Document Server

    Aubin, J-P

    1982-01-01

    This book presents a unified treatment of optimization theory, game theory and a general equilibrium theory in economics in the framework of nonlinear functional analysis. It not only provides powerful and versatile tools for solving specific problems in economics and the social sciences but also serves as a unifying theme in the mathematical theory of these subjects as well as in pure mathematics itself.

  15. Theory of Economic Development (Pyramids of Economic Development)

    OpenAIRE

    mashkoor, Aasim; ahmed, Ovais

    2015-01-01

    The theory we have designed the idea of economic development which remain associated with main elements that consists of two main development area, firstly is Health and secondly, Education development. The main factor of this idea to provide Human development that enormously influence on economic development which resulted from different perspectives. Many researches explained by analysis of focus variables of economic growth which have relationship to lead the economic development. In addit...

  16. Economic theory and climate change policy

    International Nuclear Information System (INIS)

    Peters, I.; Ackerman, F.

    1999-01-01

    Our willingness to embrace climate change policies depends on our perception of their benefits and costs. Evaluation of these costs and benefits requires careful economic analysis. Yet the standard tools for such assessment - computable general equilibrium (CGE) models - are inadequate on several grounds. Their underlying theory suffers from well-known logical difficulties; in general, their equilibria may be neither unique, stable, nor efficient. Moreover, real-world phenomena such as increasing returns to scale, learning, and technological innovation are neglected in CGE models. These phenomena make the resulting equilibria in the models inefficient; in the real world they can lock society into sub-optimal technology choices. They introduce uncertainty and path-dependence, annihilating the concept of a single efficient allocation produced by the unfettered market. Yet conventional economics assesses the cost of policies solely on the basis of their departure from a purportedly efficient equilibrium - ignoring deeper structural changes that are often decisive in practice. New socioeconomic theories and models are emerging that allow for bounded rationality, the limiting and enabling character of institutions, technological change, and the complexities and uncertainties in economic evolution. Meanwhile, existing models should be modified to better reflect real-world phenomena and to abandon unfounded assumptions about the inherent ''inefficiencies'' of government intervention in the market. (author)

  17. Theory of Economic Development (Secondary Stage)

    OpenAIRE

    Mashkoor, Aasim; Ahmed, Ovais

    2015-01-01

    This is a secondary stage of theory of economic development. This research study is covering the secondary phase of development which rules the tactical plans of the main strategy. In this stage, the social and economical demands varies from country to country and we have developed the theory according to the Pakistani economic conditions. It requires great a lot of technical and strategic analysis to chose the accurate plans accordingly.

  18. Impact of Artificial Intelligence on Economic Theory

    OpenAIRE

    Marwala, Tshilidzi

    2015-01-01

    Artificial intelligence has impacted many aspects of human life. This paper studies the impact of artificial intelligence on economic theory. In particular we study the impact of artificial intelligence on the theory of bounded rationality, efficient market hypothesis and prospect theory.

  19. Wildland economics: theory and practice

    Science.gov (United States)

    Pete Morton

    2000-01-01

    Since passage of the Wilderness Act, economists have derived the total economic valuation framework for estimating wildland benefits. Over the same time period, policies adopted by public land management agencies have been slow to internalize wilderness economics into management decisions. The lack of spatial resolution and modeler bias associated with the FORPLAN...

  20. Markets and organizations: individualism and economic theory

    NARCIS (Netherlands)

    Brouwer, M.

    2010-01-01

    Economic theory depicts markets and organizations as opposite allocation mechanisms. Market allocation is based on mobility and organization on instruction. The paper argues that markets and organizations are complements in economies that grow through innovation. Diversity of organizations lies at

  1. ECONOMIC THEORY OF LOBBYING: EVALUATION OF ECONOMIC EFFICIENCY

    Directory of Open Access Journals (Sweden)

    Павел Александрович Толстых

    2013-04-01

    Full Text Available In this article the author continues to analyze lobbying with regards to economic paradigm. [The author has started discussing lobbying in terms of economic theory in the article Politico-economic theory of lobbying / / Historical, philosophical, political and legal sciences, culture and art. Theory and practice. Tambov: Gramota, 2013. No 1. Part 2. p. 177-189.] Researcher evaluates the cost effectiveness of the lobbying function. Lobbying is understood as activity of specifically authorized employees of corporations and lobbying firms representing their interests, trade associations. This activity is aimed at improving the profitability of integrated and sustainable business development by representing  long-term, comfortable, predictable system of relationships with the relevant field-specific political stakeholders of the federal and regional levels. The article presents an in-depth analysis of economic concepts of lobbying function.DOI: http://dx.doi.org/10.12731/2218-7405-2013-1-3

  2. ECONOMIC THEORY OF LOBBYING: EVALUATION OF ECONOMIC EFFICIENCY

    Directory of Open Access Journals (Sweden)

    Tolstyh Pavel Aleksandrovich

    2013-01-01

    Full Text Available In this article the author continues to analyze lobbying with regards to economic paradigm. [The author has started discussing lobbying in terms of economic theory in the article Politico-economic theory of lobbying / / Historical, philosophical, political and legal sciences, culture and art. Theory and practice. Tambov: Gramota, 2013. No 1. Part 2. p. 177-189.] Researcher evaluates the cost effectiveness of the lobbying function. Lobbying is understood as activity of specifically authorized employees of corporations and lobbying firms representing their interests, trade associations. This activity is aimed at improving the profitability of integrated and sustainable business development by representing long-term, comfortable, predictable system of relationships with the relevant field-specific political stakeholders of the federal and regional levels. The article presents an in-depth analysis of economic concepts of lobbying function.

  3. Economic contract theory tests models of mutualism.

    Science.gov (United States)

    Weyl, E Glen; Frederickson, Megan E; Yu, Douglas W; Pierce, Naomi E

    2010-09-07

    Although mutualisms are common in all ecological communities and have played key roles in the diversification of life, our current understanding of the evolution of cooperation applies mostly to social behavior within a species. A central question is whether mutualisms persist because hosts have evolved costly punishment of cheaters. Here, we use the economic theory of employment contracts to formulate and distinguish between two mechanisms that have been proposed to prevent cheating in host-symbiont mutualisms, partner fidelity feedback (PFF) and host sanctions (HS). Under PFF, positive feedback between host fitness and symbiont fitness is sufficient to prevent cheating; in contrast, HS posits the necessity of costly punishment to maintain mutualism. A coevolutionary model of mutualism finds that HS are unlikely to evolve de novo, and published data on legume-rhizobia and yucca-moth mutualisms are consistent with PFF and not with HS. Thus, in systems considered to be textbook cases of HS, we find poor support for the theory that hosts have evolved to punish cheating symbionts; instead, we show that even horizontally transmitted mutualisms can be stabilized via PFF. PFF theory may place previously underappreciated constraints on the evolution of mutualism and explain why punishment is far from ubiquitous in nature.

  4. Theory buried under heavy description

    Directory of Open Access Journals (Sweden)

    Vivian B. Martin Ph.D.

    2010-12-01

    Full Text Available In journalism when a reporter puts the main news or point of the story deep down in the text, we say she’s buried the lead, the lead being the main point of the story and usually the first paragraph. In Children in Genocide: extreme traumatization and affect regulation, psychoanalyst Suzanne Kaplan buries her theory. Her study of the after effects of trauma among Holocaust survivors who were children during their persecution and survivors of atrocities during the Rwandan atrocities of the 1990s, is filled with highly descriptive material from the many interviews that serve as data. An interesting grounded theory is peeking out from under all the disciplinary discourse and historical background one must read through to get to what grounded theory readers will consider the juicy parts: concepts on affect regulation in trauma survivors.

  5. An application of fisheries economics theory

    DEFF Research Database (Denmark)

    Frost, Hans Staby; Andersen, Peder; Hoff, Ayoe

    2011-01-01

    discrete-time model. The neo-classical concept of resource rent is maximized by use of various physical measures, such as fishing effort restrictions and fishing quotas, and economic measures, such as property or user rights and taxes. Although theory ranks economic measures above physical measures......This paper contributes to the state of the art within fisheries economics and management 100 years after Warming’s inaugurating 1911 article. The developments are briefly described with reference to and following Warming and are illuminated by use of a complex multi-species multi-fleet dynamic...

  6. Teaching Economic Growth Theory with Data

    Science.gov (United States)

    Elmslie, Bruce T.; Tebaldi, Edinaldo

    2010-01-01

    Many instructors in subjects such as economics are frequently concerned with how to teach technical material to undergraduate students with limited mathematical backgrounds. One method that has proven successful for the authors is to connect theoretically sophisticated material with actual data. This enables students to see how the theory relates…

  7. Economic Harmony: An Epistemic Theory of Economic Interactions

    Directory of Open Access Journals (Sweden)

    Ramzi Suleiman

    2017-01-01

    Full Text Available We propose an epistemic theory of micro-economic interactions, termed Economic Harmony. In the theory, we modify the standard utility, by changing its argument from the player’s actual payoff, to the ratio between the player’s actual payoff and his or her aspired payoff. We show that the aforementioned minor epistemic modification of the concept of utility is quite powerful in generating plausible and successful predictions of experimental results, obtained in the standard ultimatum game, and the sequential common pool resource dilemma (CPR game. Notably, the cooperation and fairness observed in the studied games are accounted for without adding an other-regarding component in the players’ utility functions. For the standard ultimatum game, the theory predicts a division of φ and 1 − φ, for the proposer and responder, respectively, where φ is the famous Golden Ratio (≈0.618, most known for its aesthetically pleasing properties. We discuss possible extensions of the proposed theory to repeated and evolutionary ultimatum games.

  8. An application of fisheries economics theory

    DEFF Research Database (Denmark)

    Frost, Hans Staby; Andersen, Peder; Hoff, Ayoe

    2011-01-01

    This paper contributes to the state of the art within fisheries economics and management 100 years after Warming’s inaugurating 1911 article. The developments are briefly described with reference to and following Warming and are illuminated by use of a complex multi-species multi-fleet dynamic...... discrete-time model. The neo-classical concept of resource rent is maximized by use of various physical measures, such as fishing effort restrictions and fishing quotas, and economic measures, such as property or user rights and taxes. Although theory ranks economic measures above physical measures......, in practice the difference is not necessarily big in terms of generation of resource rent. The important step forward was the introduction of catch or effort limitations compared to open access. Warming was hardly aware that the cornerstones he put down in 1911 formed the basis for the cathedral we face today....

  9. Evolutionary Theories in Environmental and Resource Economics: Approaches and Applications

    NARCIS (Netherlands)

    van den Bergh, J.C.J.M.; Gowdy, J.M.

    2000-01-01

    Recent advances in evolutionary theory have important implications for environmental economics. A short overview is offered of evolutionary thinking in economics. Subsequently, major concepts and approaches in evolutionary biology and evolutionary economics are presented and compared. Attention is

  10. Economic game theory for mutualism and cooperation.

    Science.gov (United States)

    Archetti, Marco; Scheuring, István; Hoffman, Moshe; Frederickson, Megan E; Pierce, Naomi E; Yu, Douglas W

    2011-12-01

    We review recent work at the interface of economic game theory and evolutionary biology that provides new insights into the evolution of partner choice, host sanctions, partner fidelity feedback and public goods. (1) The theory of games with asymmetrical information shows that the right incentives allow hosts to screen-out parasites and screen-in mutualists, explaining successful partner choice in the absence of signalling. Applications range from ant-plants to microbiomes. (2) Contract theory distinguishes two longstanding but weakly differentiated explanations of host response to defectors: host sanctions and partner fidelity feedback. Host traits that selectively punish misbehaving symbionts are parsimoniously interpreted as pre-adaptations. Yucca-moth and legume-rhizobia mutualisms are argued to be examples of partner fidelity feedback. (3) The theory of public goods shows that cooperation in multi-player interactions can evolve in the absence of assortment, in one-shot social dilemmas among non-kin. Applications include alarm calls in vertebrates and exoenzymes in microbes. 2011 Blackwell Publishing Ltd/CNRS.

  11. The theory of bounded reflexivity. A contribution to the debate between the Economics of Conventions and the Regulation Theory

    OpenAIRE

    Franck BESSIS

    2008-01-01

    This article develops an action theory which explains the dynamics of rules. This theory emphasises two kinds of limitation. First, agents can only recognize the constructed dimension of rules under specific conditions. Second, agents question their beliefs without ever completely freeing themselves from these beliefs. This answer provides the framework to a general action theory potentially common to the Economics of Conventions and to the Regulation Theory. This theory deals with the orders...

  12. Theory Underlying a National Teacher Evaluation Program

    Science.gov (United States)

    Taut, Sandy; Santelices, Veronica; Araya, Carolina; Manzi, Jorge

    2010-01-01

    The paper describes a study conducted to explicate the multiple theories underlying Chile's national teacher evaluation program. These theories will serve as the basis for evaluating the intended consequences of this evaluation system, while not losing sight of emerging unintended consequences. We first analyzed legal and policy documents and then…

  13. INVESTIGATION OF FISCAL AND BUDGETARY POLICIES BASED ON ECONOMIC THEORIES

    Directory of Open Access Journals (Sweden)

    EMILIA CAMPEANU

    2011-04-01

    Full Text Available Empirical analysis of fiscal and budgetary policies cannot be achieved without first knowing how they are viewed in the economic theories. This approach is important to indicate the position and implications of fiscal and budgetary policy tools in the economic theory considering their major differences. Therefore, the paper aims is to investigate the fiscal and budgetary policies based on economic theories such as neoclassical, Keynesian and neo-Keynesian theory in order to indicate their divergent points. Once known these approaches at the economic theory level is easier to establish the appropriate measures taking into consideration the framing of a country economy in a certain pattern. This work was supported from the European Social Fund through Sectoral Operational Programme Human Resources Development 2007-2013, project number POSDRU/89/1.5/S/59184 „Performance and excellence in postdoctoral research in Romanian economics science domain” (contract no. 0501/01.11.2010.

  14. Black-Scholes theory for an underlying with multiple attractors

    OpenAIRE

    Herzberg, Frederik

    2008-01-01

    A valuation theory for derivatives on an underlying that is subject to multiple attractors is proposed, the economic justification being attraction-adjusted hedging. In non-critical regions -- outside the boundaries of the attractor regions -- a European option price can be viewed as a derivative on an underlying with a mean-reverting law, such as a commodity price, however with a different payoff function.

  15. Law and Technology Theory: Bringing in Some Economic Analysis

    Science.gov (United States)

    Trosow, Samuel

    2010-01-01

    The author argues economic analysis needs to be explicitly included in an overall theory of law and technology. Differing approaches to the economics of information are considered, and the copyright policy environment of the 1990s is taken as an example of how the lack of substantive economic analysis resulted in poor policy-making.

  16. [30 years' development of economic theories in confrontation with facts].

    Science.gov (United States)

    Levy, F

    1994-01-01

    In 1969, R. Frish and J. Tinbergen received the first Nobel Price in Economics. 200 years after Quesnay's "economic tables", economics were at last considered as a science. During the last thirty years, economics haven't lost their scientific reputation, but, confronted with different situations in the world and in France, economics have been unable to bring appropriate solutions to every problem. Nowadays, economics are quite far from the promises born after the Second World War: indeed, until the 1974 world crisis, Keynes' theory (from a macro-economic point of view) and Walras' formalisation of the markets (from a micro-economic point of view) were sufficient to give satisfying representations of any economic reality and mechanism. Nevertheless, these theories were unable to deal with both growing unemployment and raising inflation in the late 70's and early 80's. Today, economics present a wide variety of efficient analysis of society. Game theory, behaviour theory or econometrics are new means used to found new kinds of reality representation. Therefore, if economics can no longer be considered as an exact science, it remains nevertheless scientific.

  17. Evolutionary Theory and Economic Policy with Reference to Sustainability

    OpenAIRE

    John M. Gowdy

    2005-01-01

    The policy recommendations of most economists are driven by a view of economic reality embodied in Walrasian general equilibrium theory. Ironically, the Walrasian system has been all but abandoned by leading economic theorists. It has been demonstrated to be theoretically untenable, its basic assumptions about human decision making have been empirically falsified, and it consistently makes poor predictions of economic behavior. The current revolution in welfare economics offers opportunities ...

  18. The unity of science and economics a new foundation of economic theory

    CERN Document Server

    Chen, Jing

    2016-01-01

    This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us ...

  19. Bridging Economic Theory Models and the Cointegrated Vector Autoregressive Model

    DEFF Research Database (Denmark)

    Møller, Niels Framroze

    2008-01-01

    Examples of simple economic theory models are analyzed as restrictions on the Cointegrated VAR (CVAR). This establishes a correspondence between basic economic concepts and the econometric concepts of the CVAR: The economic relations correspond to cointegrating vectors and exogeneity...... in the economic model is related to econometric concepts of exogeneity. The economic equilibrium corresponds to the so-called long-run value (Johansen 2005), the long-run impact matrix, C; captures the comparative statics and the exogenous variables are the common trends. The adjustment parameters of the CVAR...

  20. Arrovian Social Choice Theory on Economic Domains

    OpenAIRE

    Le Breton, Michel; Weymark, John A.

    2002-01-01

    This article surveys the literature that investigates the consistency of Arrow's social choice axioms when his unrestricted domain assumptions are replaced by domain conditions that incorporate the restrictions on agendas and preferences encountered in economic environments. Both social welfare functions and social choice correspondences are considered.

  1. Revisiting the relevance of economic theory to hotel revenue ...

    African Journals Online (AJOL)

    This paper explores the role of economics in hospitality education and industry practice, with a particular focus on revenue management, and puts forward an argument for a return to the inclusion of economic theory in UK hospitality education, not seen since the 1990s. Given the increasing amounts of pricing data available ...

  2. Graded Geometric Structures Underlying F-Theory Related Defect Theories

    Science.gov (United States)

    Oikonomou, V. K.

    2013-08-01

    In the context of F-theory, we study the related eight-dimensional super-Yang-Mills theory and reveal the underlying supersymmetric quantum mechanics algebra that the fermionic fields localized on the corresponding defect theory are related to. Particularly, the localized fermionic fields constitute a graded vector space, and in turn this graded space enriches the geometric structures that can be built on the initial eight-dimensional space. We construct the implied composite fiber bundles, which include the graded affine vector space and demonstrate that the composite sections of this fiber bundle are in one-to-one correspondence to the sections of the square root of the canonical bundle corresponding to the submanifold on which the zero modes are localized.

  3. Evolutionary economic theories of sustainable development

    NARCIS (Netherlands)

    Mulder, P.; van den Bergh, J.C.J.M.

    2001-01-01

    Sustainable development has become the dominant concept in the study of interactions between the economy and the biophysical environment, as well as a generally accepted goal of environmental policy. So far, economists have predominantly applied standard or neo-classical theory to environmental

  4. Practical Theory: Teaching Political and Economic Citizenship

    Science.gov (United States)

    Martin, J. Wesley

    2010-01-01

    How can philosophical instruction inform practical analysis and decision making among college students in a way that demonstrably benefits them as individual members of our polity and economy? I pose this question because each year, I introduce classic political theory to first- and second-year college students who simultaneously confront a fiscal…

  5. View from Behavioral Economics Theory: Case of Latvian Rural Entrepreneurs

    Directory of Open Access Journals (Sweden)

    Igo Cals

    2013-11-01

    Full Text Available The theory of classical economics treats entrepreneurs as subjects who make rational economic decisions. Empirical surveys prove the fact that daily economic decisions made by a separate economic entity can be explained by concepts of behavioral economics rather than classical economics. The economic behavior of entrepreneurs happens to be based on bounded rationality instead of financial justification. The objective of an economic activity presented as economically efficient can turn out to be socially important to a specific entrepreneur and not to national economy as a whole. In the EU countries, agriculture is a subsidised industry of national economy. In this light, status consumption and purchase of positional goods should create a special interest among economists. The objective of this article is to present true reasons of economic decisions made by rural entrepreneurs and to analyse the value hierarchy of Latvian rural entrepreneurs through carrying out a field work and with the help of set of instruments developed by modern economics theory.

  6. Economics versus psychology.Risk, uncertainty and the expected utility theory

    OpenAIRE

    Schilirò, Daniele

    2017-01-01

    The present contribution examines the emergence of expected utility theory by John von Neumann and Oskar Morgenstern, the subjective the expected utility theory by Savage, and the problem of choice under risk and uncertainty, focusing in particular on the seminal work “The Utility Analysis of Choices involving Risk" (1948) by Milton Friedman and Leonard Savage to show how the evolution of the theory of choice has determined a separation of economics from psychology.

  7. Economics of natural resources. [Post-Keynesian economic theory

    Energy Technology Data Exchange (ETDEWEB)

    Davidson, P.

    1979-03-01

    The current world energy crisis illustrates the importance of analyzing, as a post-Keynesian approch does, such factors as monopoly power and user costs in trying to understand the production flows and market prices of natural resources - when these flows and prices are changing rapidly and unexpectedly in the face of slowly expanding world output. Post-Keynesian analysts do not immediately see rising natural resource prices as evidence per se that the law of dimmishing returns is operating in perfectly competitive market - or, in other words, that we are running out of cheap energy and other raw materials. A post-Keynesian perspective would instead suggest that such price changes can best be understood (and an appropriate policy response formulated) by analyzing the behavior of entrepreneurial agents and resource property owners in terms of perceived market power and/or expectations about the future. In this connection, Keynes' concept of user cost is a critical one. Keynes recognized that the user cost concept applied not only to raw materials such as fossil fuels, but to all capital equipment, for in deciding his scale of production an entrepreneur has to exercise a choice between using up his equipment now and preserving it to be used later on. For those who adopt the post-Keynesian approach to economic analysis, the decision to utilize natural resouces is viewed as similar to that of disinvestment in capital equipment, while the search for new sources of natural resources is merely a form of capital investment.

  8. Bifurcation theory for hexagonal agglomeration in economic geography

    CERN Document Server

    Ikeda, Kiyohiro

    2014-01-01

    This book contributes to an understanding of how bifurcation theory adapts to the analysis of economic geography. It is easily accessible not only to mathematicians and economists, but also to upper-level undergraduate and graduate students who are interested in nonlinear mathematics. The self-organization of hexagonal agglomeration patterns of industrial regions was first predicted by the central place theory in economic geography based on investigations of southern Germany. The emergence of hexagonal agglomeration in economic geography models was envisaged by Krugman. In this book, after a brief introduction of central place theory and new economic geography, the missing link between them is discovered by elucidating the mechanism of the evolution of bifurcating hexagonal patterns. Pattern formation by such bifurcation is a well-studied topic in nonlinear mathematics, and group-theoretic bifurcation analysis is a well-developed theoretical tool. A finite hexagonal lattice is used to express uniformly distri...

  9. ECONOMIC NATIONALISM’S VIABILITY UNDER GLOBALIZATION

    Directory of Open Access Journals (Sweden)

    Elena Mihaela ILIESCU

    2015-07-01

    Full Text Available The path undertaken by the world economy is irreversible - the world economic system is a system based on interdependencies, cooperation and multilateralism but economic openness is not full. Each country, in order to protect their national interest call, in different proportion, depending on the circumstances and of the economic-social and political interests, for different forms of the economic nationalism, forms that have adapted continuously to the demands required for integrating on the foreign markets. The recent global economic crisis intensified the rhetoric and the economic nationalism’s practices but it is not about rebirth, but of renewal, of remodeling the nationalist policies, globalization being a premise of the new economic nationalism. The scope of this paper is to emphasize using empirical data the fact that nationalism and globalization, from an economical point of view, are not antagonistic policies, they coexist and influence each other, both generating contradictory effects, in terms of provided opportunities and risks.

  10. Introductory statistics for business and economics theory, exercises and solutions

    CERN Document Server

    Ubøe, Jan

    2017-01-01

    This textbook discusses central statistical concepts and their use in business and economics. To endure the hardship of abstract statistical thinking, business and economics students need to see interesting applications at an early stage. Accordingly, the book predominantly focuses on exercises, several of which draw on simple applications of non-linear theory. The main body presents central ideas in a simple, straightforward manner; the exposition is concise, without sacrificing rigor.  The book bridges the gap between theory and applications, with most exercises formulated in an economic context. Its simplicity of style makes the book suitable for students at any level, and every chapter starts out with simple problems. Several exercises, however, are more challenging, as they are devoted to the discussion of non-trivial economic problems where statistics plays a central part.

  11. International Summer School on Mathematical Systems Theory and Economics

    CERN Document Server

    Szegö, G

    1969-01-01

    The International Summer School on Mathematical Systems Theory and Economics was held at the Villa Monastero in Varenna, Italy, from June 1 through June 12, 1967. The objective of this Summer School was to review the state of the art and the prospects for the application of the mathematical theory of systems to the study and the solution of economic problems. Particular emphasis was given to the use of the mathematical theory of control for the solution of problems in economics. It was felt that the publication of a volume collecting most of the lectures given at the school would show the current status of the application of these methods. The papers are organized into four sections arranged into two volumes: basic theories and optimal control of economic systems which appear in the first volume, and special mathematical problems and special applications which are contained in the second volume. Within each section the papers follow in alphabetical order by author. The seven papers on basic theories are a rat...

  12. Theories of International Economic Development (Case Study: Economic Development in Kosovo

    Directory of Open Access Journals (Sweden)

    MSc. Bardhok Bashota

    2012-06-01

    Full Text Available Karl Popper rightly says that “real starting point for each research is set based on assumptions of reality, not only based on the real facts”. The text below was prepared In accordance with this logic, where the Theories of International Development are treated especially focusing on International Economic Development. Therefore, theoretical reflections present assumption side, and study of many empirically measured data will correspond with real facts, because with ought these facts assumption would be useless. Technically this writing consists of two parts: in the first part are elaborated all theoretical and practical characteristics of overall international development, while in a second part as a case study will be Economic Development i Kosovo. From methodological point of view this is a comparative study and based on statistical data, while problem treating approach is critical and explanatory. As it will be understood later, development theories have been decisively influenced by economic thinking, and the focus on this dimension responds best to the nature of the term development. On the other hand the fact of unfolding economical development will reflect interference and the nature of it’s inter politics. Today economic development becomes a worldwide goal, having a considerable place in most of the literature with economic content. Also, here are presented as well examples from different practices that reflect economic development in different periods and places. Here is presented international economic development starting with a brief description of a genealogy of this development and ways of economic development back that time. It is of a special importance elaboration through theoretical approach on the creation of capital and economic development, as  mercantilist theory, classic and neo classic theory, than capitalization and Socialism-Marxism. To better understand the nature of economic development, the focus falls on

  13. What every conservation biologist should know about economic theory.

    Science.gov (United States)

    Gowdy, John; Hall, Charles; Klitgaard, Kent; Krall, Lisi

    2010-12-01

    The last century has seen the ascendance of a core economic model, which we will refer to as Walrasian economics. This model is driven by the psychological assumptions that humans act only in a self-referential and narrowly rational way and that production can be described as a self-contained circular flow between firms and households. These assumptions have critical implications for the way economics is used to inform conservation biology. Yet the Walrasian model is inconsistent with a large body of empirical evidence about actual human behavior, and it violates a number of basic physical laws. Research in behavioral science and neuroscience shows that humans are uniquely social animals and not self-centered rational economic beings. Economic production is subject to physical laws including the laws of thermodynamics and mass balance. In addition, some contemporary economic theory, spurred by exciting new research in human behavior and a wealth of data about the negative global impact of the human economy on natural systems, is moving toward a world view that places consumption and production squarely in its behavioral and biophysical context. We argue that abandoning the straightjacket of the Walrasian core is essential to further progress in understanding the complex, coupled interactions between the human economy and the natural world. We call for a new framework for economic theory and policy that is consistent with observed human behavior, recognizes the complex and frequently irreversible interaction between human and natural systems, and directly confronts the cumulative negative effects of the human economy on the Earth's life support systems. Biophysical economics and ecological economics are two emerging economic frameworks in this movement. © 2010 Society for Conservation Biology.

  14. Transportation strategy development under economic uncertainty.

    Science.gov (United States)

    2013-05-01

    The interests of the researchers here were to understand various modes for developing long term : that is strategic plans with particular concern for the economic uncertainties one invariably : faces in such a planning environment. Often resou...

  15. The remarkable transformation of the UV curve in economic theory

    NARCIS (Netherlands)

    Rodenburg, P.

    2011-01-01

    The purpose of this paper is to provide an analysis of the impact the Unemployment-Vacancy (UV) curve (or Beveridge curve) had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces

  16. Theory and Application of an Economic Performance Measure of Risk

    NARCIS (Netherlands)

    C. Niu (Cuizhen); X. Guo (Xu); M.J. McAleer (Michael); W.-K. Wong (Wing-Keung)

    2017-01-01

    textabstractHomm and Pigorsch (2012a) use the Aumann and Serrano index to develop a new economic performance measure (EPM), which is well known to have advantages over other measures. In this paper, we extend the theory by constructing a one-sample confidence interval of EPM, and construct

  17. Technical conditions for sustainable growth in economic theory. An analysis

    International Nuclear Information System (INIS)

    Granda C, Catalina

    2008-01-01

    Economic theory and its models point out returns to scale, substitution among productive factors and technological progress as conditions for sustainable growth. This work aims at a critical appraisal of these conditions, particularly the ones related to substitution between natural resources and manmade capital and technical change, by recognizing the inevitable physical scarcity of resources concomitant to the human actions in a world governed by hemodynamic restrictions. To do so, the role that the mentioned conditions play in the theories of economic growth with resources is analyzed, and its limitations and objections from a biophysical perspective are indicated as well. Finally, a brief consideration as to how inappropriate the theoretical representations of economic activities are to take account of growth in spite of resource exhaustion or degradation is carried out

  18. Meeting blindly… Is Austrian economics useful for dynamic capabilities theory?

    Directory of Open Access Journals (Sweden)

    Andrey Shastitko

    2016-03-01

    Full Text Available This paper relates competition studies and views on competition policy within Austrian economics to the dynamic capabilities theory. The idea of interacting research programs in economics is used to provide the frame for reflecting on particular issues of competition, on the one hand, and (1 ignorance, (2 knowledge (including tacit knowledge, (3 rationality, (4 equilibrium, (5 innovation, (6 entrepreneurship, and (7 monopoly, on the other hand. Unlike the majority of previous studies, these issues are discussed here mainly through the lens of new institutional economics. Williamson's three-level scheme is used to explain opportunities and constraints for mutually enriching exchange of concepts between different but close approaches in economic research. This paper shows that there are important interconnections and complementarities despite significant differences in objects of study and weak mutual flows of ideas and concepts.

  19. Influences of Economic Theories on Accounting Theory: the case of the Objective Function of the Firm

    Directory of Open Access Journals (Sweden)

    Lineker Costa Passos

    2016-10-01

    Full Text Available This essay aims to establish the relationship between the theoretical precepts that guide the accounting disclosure procedures for its stakeholders, both internal and external, and the two main theoretical trends that address the firm’s objective function: the Shareholder theory and the Stakeholder theory. In the perspective of the Shareholder theory, the firm has to define a single objective, which is to maximize shareholder wealth. In the context of Stakeholders theory, the firm must establish a multiple objective, which is to meet the interests of all those involved with its activities. We discuss to what extent theories, standards and accounting practices emanate from the concepts of the two models, especially regarding the users’ demand for useful and relevant information. There is a predominance of Shareholder theory in influencing accounting principles that guide the disclosure of information, although different accounting reports are already discussed and presented, oriented to the Stakeholders of the firm, without establishing a set of concepts that explain and justify them within the scope of Accounting theory. Additionally, it is argued that, all things taken into consideration, both currents of the Economic theory point in the same direction: to seek the wellbeing of the firm’s stakeholders. The research contributes to the accounting literature, in the sense of clarifying the impacts arising from the two economic models that deal with the objective function of the firm in the evolution of Accounting theory, not yet captured directly in the discussion of the fundamentals of accounting theory.

  20. Entrepreneurship and the Economic Theory of the Firm

    DEFF Research Database (Denmark)

    Foss, Nicolai Juul; Klein, Peter G.

    Although they have developed very much in isolation from each other, we argue the theory ofentrepreneurship and the economic theory of the firm are closely related, and each has much tolearn from the other. In particular, the notion of entrepreneurship as judgment associated withFrank Knight...... and some Austrian school economists aligns naturally with the theory of the firm.In this perspective, the entrepreneur needs a firm, that is, a set of alienable assets he controls, tocarry out his function. We further show how this notion of judgment adds to the key themes inthe modern theory of the firm...... ownership facilitates experimentingentrepreneurship: Acquiring a bundle of property rights is a low cost means of carrying outcommercial experimentation. In this approach, the existence of the firm may be understood interms of limits to the market for judgment relating to novel uses of heterogeneous assets...

  1. Entrepreneurship and the Economic Theory of the Firm

    DEFF Research Database (Denmark)

    Foss, Nicolai Juul; Klein, Peter G.

    2004-01-01

    Though they developed in isolation, the theory of entrepreneurship andthe economic theory of the firm can be usefully integrated. In particular, the conceptof entrepreneurship as judgment associated with Knight (1921) and some Austrianschool economists aligns naturally with the theory of the firm....... Because judgmentcannot be purchased on the market, the entrepreneur needs a firm — a set of alienableassets he controls — to carry out his function. We show how this notion of judgmentilluminates key themes in the modern theory of the firm (existence, boundaries,and internal organization). In our approach...... assets. The boundaries of the firm, as well as aspects of internalorganization, may also be understood as responses to entrepreneurial processesof experimentation....

  2. Competition in electricity spot markets. Economic theory and international experience

    Energy Technology Data Exchange (ETDEWEB)

    Fehr, Nils-Henrik von der; Harbord, David

    1998-09-01

    This publication gives a survey of economic theory and international experience connected to electricity spot markets. The main purpose is to consider the attempts that have been made to apply economic theory and empirical methods to the analysis of electricity markets, and to evaluate them in light of theoretical considerations and empirical evidence. The publication describes in simple terms the basic pool pricing mechanism, and experience with pools in a number of countries. It is worth emphasizing that it is not the purpose to treat in extensive detail the structure of electricity pools around the world. Key factors of the markets in England and Wales, Norway and Australia are described in order to allow for a comparison of design issues and evaluation of competitive performance. 80 refs., 14 figs., 15 tabs.

  3. Exploring the Autonomous Economic World of Children: A Mixed Methods Study of Kids' Naive Economic Theories Incorporating Ethnographic and Behavioral Economics Methodologies

    Science.gov (United States)

    Jennings, Amanda Brooke

    2017-01-01

    Children construct meaning from their economic experiences in the form of naive theories and use these theories to explain the relationships between their actions and the outcomes. Inevitably, due to their lack of economic literacy, these theories will be incomplete. Through curriculum design that acknowledges and addresses these naive theories,…

  4. The Crisis of Economic Theory in the Middle of the Economic Crisis

    Directory of Open Access Journals (Sweden)

    Silvia MĂRGINEAN

    2011-05-01

    Full Text Available Keynesian economics has lost much of its effectiveness as a paradigm of world capitalism as a whole, or as a paradigm of individual developed capitalist economies. The decline of the United States as a hegemonic power capable of imposing its will over others has seen to the erosion of the relevance of the Keynesian doctrine on the global scale. The Philips curve and what Hicks calls the “social” pressure on wages have severely restricted the field of Keynesian policy at home – even through the ruling classes continue to use Keynesian theory as their paradigm. The most important lesson from Keynes work may be that the macroeconomist should start from the important problems of the day and should face the following questions: 1 How can we to understand what are is happening right now? 2 What can be done about it? What is the best policy to follow? 3 Do recent events force us to modify what is today widely accepted economic theory? If so, what is wrong and how might we go about arriving at a more satisfying theory? The most important economic problem of today is current financial crisis that started in the United States. What might we learn from Keynesian theory about it? The current situation is almost the opposite of the one that Keynes dealt with in the “General Theory”. Now day’s economics lacks an anchored understanding of the nature of the reality that economics is supposed to illuminate. Instability of leverage, connectivity, and potential instability of the price level have all been neglected in stable – with – fractions macro theory. Technical innovations will not bring real progress as long as “stability – with – fractions” remains the ruling paradigm. Meanwhile, governments are not prepared to face another crisis.

  5. Organisational Pathologies Under Conditions of Economic Downswing

    Directory of Open Access Journals (Sweden)

    Pasieczny Jacek

    2017-06-01

    Full Text Available The topic of organisational pathology is surprisingly absent in literature on management, especially when bearing in mind the theoretical and practical import of such questions. The intention of the author is to fill in this gap, at least partially. The paper is based on an analysis of literature and an empirical research conducted by the author. The research applied partially structured interviews as its method. These interviews were conducted with entrepreneurs and managers of various levels. They made possible the drawing of conclusions relating to conditions behind the genesis and growth of selected organisational pathologies in a situation of economic downswing. The article briefly presents the concept and influence of pathology on the functioning of an organisation. The author concentrates on the causes of the phenomenon and presents them from various perspectives. It is during times of economic downswing that an increase in unethical behaviour, including corruption, mobbing as well as others, becomes particularly visible. Also noticeable is concentrating on limiting costs, which can sometimes reach pathological scale. This can lead to a permanent loss of pro-development potential by the organisation. Moreover, numerous pathological phenomena emerge at the tangent point of the organisation and its surroundings. The source of many undesirable phenomena in the organisation and in its relations with its surroundings is a fall in trust, which makes its appearance in crisis situations. More often than not, managers facing a situation in which they have no choice perpetuate organisational pathologies, whilst, at the same time, being aware of the lack of validity of their actions. However, a more frequent source of problems is the differences in perspective in perceiving organisational phenomena by various actors and stakeholders.

  6. Trade policy under imperfect competition: The economics of Russian roulette

    NARCIS (Netherlands)

    S. Brakman (Steven); J.G.M. van Marrewijk (Charles)

    1996-01-01

    textabstractNeo-classical economic theory shows that managed trade or protectionism is (almost) always welfare decreasing. However, measurements of the welfare costs of protectionism based on neo-classical models seem to suggest that these costs are quite small. We discuss general new insights and

  7. Trade policy under imperfect competition : The economics of Russian roulette

    NARCIS (Netherlands)

    Brakman, S; vanMarrewijk, C

    Neo-classical economic theory shows that managed trade or protectionism is (almost) always welfare decreasing. However, measurements of the welfare costs of protectionism based on neo-classical models seem to suggest that these costs are quite small. We discuss general new insights and developments

  8. Optimal control theory applications to management science and economics

    CERN Document Server

    Sethi, Suresh P

    2006-01-01

    Optimal control methods are used to determine the best ways to control a dynamic system. This book applies theoretical work to business management problems developed from the authors' research and classroom instruction. The thoroughly revised new edition has been refined with careful attention to the text and graphic material presentation. Chapters cover a range of topics including finance, production and inventory problems, marketing problems, machine maintenance and replacement, problems of optimal consumption of natural resources, and applications of control theory to economics. The book in

  9. Economic Valuation of European Commercial Fisheries under Good Environmental Status

    DEFF Research Database (Denmark)

    Goulding, Ian; Hutniczak, Barbara; Münch, Angela

    2012-01-01

    This paper focuses on assessing the economic impact of achieving Good Environmental Status in the EU’s commercial capture fisheries, being one of the descriptors listed under the MSFD in terms of landed value using 2010 prices. The approach adopted is to assess the values of landings under...... different environmental scenarios, and use the differences between them to highlight the economic impacts of each....

  10. Local economic development in theories of regional economies and rural studies

    OpenAIRE

    Kačar Bahrija; Curić Jasmina; Ikić Selma

    2016-01-01

    In this paper is a detailed analysis of the basics in the theory of economic development during the period from mid last century until today. It states the most significant theories, points out their ranges, offers a critical review regarding their treatment of development, especially regional, rural and local one. It observes those theories according to different classifications existing in scientific literature, primarily the ascend theory, stagnation theory, balanced economic growth theory...

  11. Evolutionary quantum game theory in the context of socio-economic systems

    International Nuclear Information System (INIS)

    Hanauske, Matthias

    2011-01-01

    The evolution of socio-economic systems depend on the interdependent decision processes of its underlying system components. The mathematical model to describe the strategic decision of players within a socio-economic game is ''game theory''. ''Quantum game theory'' is a mathematical and conceptual amplification of classical game theory. The space of all conceivable decision paths is extended from the purely rational, measurable space in the Hilbert-space of complex numbers - which is the mathematical space where quantum theory is formulated. By the concept of a potential entanglement of the imaginary quantum strategy parts, it is possible to include cooperate decision path, caused by cultural or moral standards. If this strategy entanglement is large enough, then additional Nash equilibria can occur, previously present dominant strategies could become nonexistent and new evolutionary stable strategies do appear for some game classes. Within this PhD thesis the main results of classical and quantum games are summarized and all of the possible game classes of evolutionary (2 player)-(2 strategy) games are extended to quantum games. It is shown that the quantum extension of classical games with an underlying dilemma-like structure give different results, if the strength of strategic entanglement is above a certain barrier. After the German summary and the introduction paper, five different applications of the theory are discussed within the thesis. (orig.)

  12. Sustainable economic development under The perspective of the agrarian right

    Directory of Open Access Journals (Sweden)

    Bruna Araújo Guimarães

    2016-12-01

    Full Text Available The present work is about an analysis of the principle of the sustainable economic development under the optics of the agrarian economic activity, tends in view to growing environmental crisis after the Green Revolution and the emergence of agroindustrial complexes. It is studied the juridical conflict between the sectors, aiming the balance for the full guarantee to the environment, to the economic development and the function of the property foreseen in the Constitution. It is looked for to introduce a study to reach agrarian sustainable development. The methodology used understood the bibliographical revision of the literature related to the theme.

  13. Doves and hawks in economics revisited: An evolutionary quantum game theory based analysis of financial crises

    Science.gov (United States)

    Hanauske, Matthias; Kunz, Jennifer; Bernius, Steffen; König, Wolfgang

    2010-11-01

    The last financial and economic crisis demonstrated the dysfunctional long-term effects of aggressive behaviour in financial markets. Yet, evolutionary game theory predicts that under the condition of strategic dependence a certain degree of aggressive behaviour remains within a given population of agents. However, as a consequence of the financial crisis, it would be desirable to change the “rules of the game” in a way that prevents the occurrence of any aggressive behaviour and thereby also the danger of market crashes. The paper picks up this aspect. Through the extension of the well-known hawk-dove game by a quantum approach, we can show that dependent on entanglement, evolutionary stable strategies also can emerge, which are not predicted by the classical evolutionary game theory and where the total economic population uses a non-aggressive quantum strategy.

  14. Economic Decision Making: Application of the Theory of Complex Systems

    Science.gov (United States)

    Kitt, Robert

    In this chapter the complex systems are discussed in the context of economic and business policy and decision making. It will be showed and motivated that social systems are typically chaotic, non-linear and/or non-equilibrium and therefore complex systems. It is discussed that the rapid change in global consumer behaviour is underway, that further increases the complexity in business and management. For policy making under complexity, following principles are offered: openness and international competition, tolerance and variety of ideas, self-reliability and low dependence on external help. The chapter contains four applications that build on the theoretical motivation of complexity in social systems. The first application demonstrates that small economies have good prospects to gain from the global processes underway, if they can demonstrate production flexibility, reliable business ethics and good risk management. The second application elaborates on and discusses the opportunities and challenges in decision making under complexity from macro and micro economic perspective. In this environment, the challenges for corporate management are being also permanently changed: the balance between short term noise and long term chaos whose attractor includes customers, shareholders and employees must be found. The emergence of chaos in economic relationships is demonstrated by a simple system of differential equations that relate the stakeholders described above. The chapter concludes with two financial applications: about debt and risk management. The non-equilibrium economic establishment leads to additional problems by using excessive borrowing; unexpected downturns in economy can more easily kill companies. Finally, the demand for quantitative improvements in risk management is postulated. Development of the financial markets has triggered non-linearity to spike in prices of various production articles such as agricultural and other commodities that has added market

  15. Neoclassical and Institutional Economics as Foundations for Human Resource Development Theory

    Science.gov (United States)

    Wang, Greg G.; Holton, Elwood F., III

    2005-01-01

    In an effort to more comprehensively understand economics as a foundation of human resource development (HRD), this article reviews economic theories and models pertinent to HRD research and theory building. By examining neoclassical and neoinstitutional schools of contemporary economics, especially the screening model and the internal labor…

  16. Local economic development in theories of regional economies and rural studies

    Directory of Open Access Journals (Sweden)

    Kačar Bahrija

    2016-01-01

    Full Text Available In this paper is a detailed analysis of the basics in the theory of economic development during the period from mid last century until today. It states the most significant theories, points out their ranges, offers a critical review regarding their treatment of development, especially regional, rural and local one. It observes those theories according to different classifications existing in scientific literature, primarily the ascend theory, stagnation theory, balanced economic growth theory; then, short-term and long-term development and growth theories; traditional and endogenous theories; economic growth stages theory emphasized after the WWII; structural changes theory; dependency theory, neo-classic counter-revolution theory and endogenous theory as a new growth theory. The analysis becomes wider with a study on development in regional economy theories and rural studies and it systematizes the classification of those theories according to regional economy academics. Distancing ourselves from any particular division as the most suitable and acceptable one, the theories are treated separately and in an historic context, in order to encircle the time framework which from modern theories, dealing with local level development difficulties, resulted. It asserts The Community-led Rural Development Theory, often referred to as the Community Development Theory, or marked as Bottom-up Partnership Approach. The analysis of development theories asserts that mixed exogenous - endogenous approach to development links the rural/local development to the globalization process mostly due to fast technology changes of the IT and communication sectors.

  17. Yam Storability and Economic Benefits of Storage Under the Modern ...

    African Journals Online (AJOL)

    This paper examines yam storability and the economic benefits of storage under the modern (underground) and the traditional (yam barn) storage technologies in Southeastern Nigeria. Data were collected mainly from 55 respondents who were interviewed, as well as from measurement of storage parameters on yam ...

  18. Tracking Gender Equity under Economic Reforms : Continuity and ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    Couverture du livre Tracking Gender Equity under Economic Reforms: Continuity and Change in South Asia. Author(s):. Swapna Mukhopadhyay et Ratna M. ... Six world-class research teams to investigate overcoming therapeutic resistance in high fatality cancers. The world-class research teams will direct their focus ...

  19. Coevolution of economic behaviour and instituions: towards a theory of institutional change.

    NARCIS (Netherlands)

    van den Bergh, J.C.J.M.; Stagl, S.

    2003-01-01

    Traditionally, economics has regarded institutions, notably norms and regulations, as fixed or exogenous. Surprisingly few insights on institutional evolution from natural and social sciences have made their way into economics. This article gives an overview of evolutionary theories of institutions

  20. Coevolution of economic behaviour and institutions: towards a theory of institutional change

    NARCIS (Netherlands)

    van den Bergh, J.C.J.M.

    2003-01-01

    Traditionally, economics has regarded institutions, notably norms and regulations, as fixed or exogenous. Surprisingly few insights on institutional evolution from natural and social sciences have made their way into economics. This article gives an overview of evolutionary theories of institutions

  1. Does the Financial Crisis Affect How Economic Theory Should Be Taught?

    Science.gov (United States)

    Kafka, Alexander C., Comp.

    2008-01-01

    Professors of economics, business, and related fields were asked to answer the following question: Does the financial crisis affect how economic theory should be thought? This article presents some excerpts from their answers.

  2. THE THEORY OF IMPREVISION IN THE CONTEXT OF THE ECONOMIC CRISIS AND THE NEW ROMANIAN CIVIL CODE (NCC

    Directory of Open Access Journals (Sweden)

    Bazil Oglindă

    2012-11-01

    Full Text Available This paper addresses one of the most pressing issues of private law, namely, the theory of unpredictability. The theory of imprevision is a question of law under the effects of the current economic crisis has resulted in contract law. Also, updating legal issues raised by the theory of unpredictability occurs in the context of regulation for the first time at its principle in art. 1271 NCC. This paper deals with the concept, scope, conditions applying theory in the context of imprevision in terms of law doctrine and the relevant case law. It also presents elements of comparative law.

  3. The resource theory under conditioned thermal operations

    OpenAIRE

    Narasimhachar, Varun; Gour, Gilad

    2016-01-01

    The "thermal operations" framework developed in past works is used to model the evolution of microscopic quantum systems in contact with thermal baths. Here we extend this model to bipartite devices with one part acting as a control external to the system--bath setup. We define the operations of such hybrid devices as conditioned thermal operations. We examine the resource under these operations, which we call conditional athermality. In the quasiclassical limit, we quantify this resource and...

  4. New Challenges of Contingency Theory in Management Accounting System, in Terms of Global Economic Crisis

    OpenAIRE

    Ene Dumitru

    2010-01-01

    This paper aims to answer the question: 1. The contingency theory can be a source of improvement in management accounting research ,in terms of global economic crisis?’’ 2. Can be Contingency factors a bridge between organizational theories and management accounting? Research purpose: -The contingency theory can be a source of improvement in management accounting research, in terms of global economic crises; -Contingency factors can be a bridge between organizational theories and management a...

  5. From decision making under uncertainty to game theory

    NARCIS (Netherlands)

    Wakker, P.P.; Eatwell, J.; Milgate, M.; Newman, P.

    1987-01-01

    This paper presents several new results for game theory. The results have in common that they have been obtained from the literature on (probability theory and) decision making under uncertainty by simple translation algorithms, mainly by replacing "state of nature" by "player." The aim of this

  6. Essays in behavioral economics : Applied game theory and experiments

    NARCIS (Netherlands)

    Mermer, A.G.

    2014-01-01

    Behavioral Economics aims at understanding the decision of economic agents who are not necessarily monetary utility maximizers and accounts for the fact that agents may have other concerns next to economic gain. This thesis contributes to the literature by studying the behavior of economic agents

  7. Optimal Portfolio Strategy under Rolling Economic Maximum Drawdown Constraints

    Directory of Open Access Journals (Sweden)

    Xiaojian Yu

    2014-01-01

    Full Text Available This paper deals with the problem of optimal portfolio strategy under the constraints of rolling economic maximum drawdown. A more practical strategy is developed by using rolling Sharpe ratio in computing the allocation proportion in contrast to existing models. Besides, another novel strategy named “REDP strategy” is further proposed, which replaces the rolling economic drawdown of the portfolio with the rolling economic drawdown of the risky asset. The simulation tests prove that REDP strategy can ensure the portfolio to satisfy the drawdown constraint and outperforms other strategies significantly. An empirical comparison research on the performances of different strategies is carried out by using the 23-year monthly data of SPTR, DJUBS, and 3-month T-bill. The investment cases of single risky asset and two risky assets are both studied in this paper. Empirical results indicate that the REDP strategy successfully controls the maximum drawdown within the given limit and performs best in both return and risk.

  8. Economics of Higher Education under Occupation: The Case of Palestine

    Directory of Open Access Journals (Sweden)

    Sam Abd Al-Qadir Alfoqahaa

    2015-10-01

    Full Text Available Through some extremely difficult experiences, education in general and Higher Education in particular has remained a constant focus of resources in Palestine.  Due to the ongoing occupation of Palestine, Palestinian universities could not expect to contribute significantly to economic development in the same way as other institutions around the world. However, the establishment and development of universities in Palestine meant that Palestine was investing in Palestinians, and, for reasons discussed in this paper, the development represented a clear breakthrough to be celebrated throughout Palestinian society. Most of the previous studies on the Economics of Higher Education (HE have not explicitly dealt with the Economics of Higher Education under occupation, especially in Palestine, neglecting much of the broader context and strategic impact of Palestinian Higher Education. This research investigates in depth Palestinian HE socio-economic outcomes for Palestinians, bringing to the light the meaning of HE under occupation that goes beyond mere economic impact to include its impact on Palestinians' human capital, dignity, and national identity reflecting the unique case of Palestine. This research reveals that from very early on it was clear that Palestinian Higher Education could not give the economy a boost, but that universities did give people a pride in Palestine, which, given the conditions of a brutal military occupation that increasingly separated one Palestinian from the next, amounted to quite a significant achievement. It demonstrated the central role Palestinian HE plays in the life of Palestinians as it is goes beyond means of economic growth to means of survival, building human capital, and maintaining people's dignity and national identity.

  9. Economics of Distance and Online Learning Theory, Practice and Research

    Directory of Open Access Journals (Sweden)

    reviewed by TOJDE

    2009-10-01

    Full Text Available Economics of Distance and Online LearningTheory, Practice and ResearchBy William Bramble & Santosh PandaPrice: $125.00ISBN: 978-0-415-96388-6, Binding: Hardback, Publishedby: Routledge, New York, Publication Date: March 2008, Pages: 312TOJDEABOUT THE BOOKThis book provides a comprehensive overview of theorganizational models of distance and online learning froman international perspective and from the point of view ofeconomic planning, costing and management decisionmaking.The book points to directions for the further research anddevelopment in this area, and will promote furtherunderstanding and critical reflection on the part ofadministrators, practitioners and researchers of distanceeducation.The experiences and perspectives in distance education inthe US are balanced with those in other areas of the world.Table of ContentsPrefaceSECTION ONE: INTRODUCTIONChapter 1: Organizational and Cost Structures for Distanceand Online Learning, William J. Bramble and Santosh PandaSECTION TWO: PLANNING AND MANAGEMENTChapter 2: Changing Distance Education andChanging Organizational Issues, D. Randy Garrison and Heather KanukaChapter 3: Online Learning and the University, Chris Curran217Chapter 4: Virtual Schooling and Basic Education, Thomas ClarkChapter 5: Historical Perspectives on Distance Education in the United States, Paul J.Edelson and Von PittmanSECTION THREE: FUNDINGChapter 6: Funding of Distance and Online Learning in the United States, Mark J. Smithand William J. BrambleChapter 7: Funding Distance Education: A Regional Perspective, Santosh Panda andAshok GabaSECTION FOUR: COST STRUCTURES AND MODELSChapter 8: Costs and Quality of Online Learning, Alistair InglisChapter 9: Costing Virtual University Education, Insung JungChapter 10: Cost-Benefit of Student Retention Policies and Practices, Ormond SimpsonSECTION FIVE: DISTANCE TRAININGChapter 11: Cost Benefit of Online Learning, Zane Berge and Charlotte DonaldsonChapter 12: Transforming Workplace

  10. Complexity theory and financial regulation: economic policy needs interdisciplinary network analysis and behavioral modeling

    NARCIS (Netherlands)

    Battiston, S.; Farmer, J.D.; Flache, A.; Garlaschelli, D.; Haldane, A.G.; Heesterbeek, H.; Hommes, C.; Jaeger, C.; May, R.; Scheffer, M.

    2016-01-01

    Traditional economic theory could not explain, much less predict, the near collapse of the financial system and its long-lasting effects on the global economy. Since the 2008 crisis, there has been increasing interest in using ideas from complexity theory to make sense of economic and financial

  11. Economics of forest tract size: Theory and literature

    Science.gov (United States)

    Fred Cubbage

    1983-01-01

    This report reviews worldwide literature and theoretical bases on economics of forest tract size and examines means of reducing the diseconomies of small size. Economics of size will become more important as forestry becomes more mechanized.

  12. Evolutionary Systems Theory, Universities, and Endogenous Regional Economic Development

    Science.gov (United States)

    Bowen, William M.

    2007-01-01

    Universities today are increasingly being viewed in terms of serving the purpose of economic development. This paper postulates that their chief purpose is to advance knowledge and that in doing so they effectuate regional economic growth and development through processes specified in the endogenous economic growth model. To achieve this purpose…

  13. ECONOMIC NATURE AND THE ROLE OF NATURAL RESOURCES PAYMENTS UNDER SUSTAINABLE ECONOMIC DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    A. Zalievska-Shyshak

    2014-12-01

    Full Text Available The nature and value of natural resources payments under sustainable economic development are revealed. Mechanisms of using of natural resources potential of Ukraine are examined. Payments for use of natural resources is one of the most important components of an economic mechanism of nature management are established. Features of current legislation as to the setting fees for nature management are studied and the necessity of creating an effective institutional support in controlling of tax authorities for the collection of payments for natural resources and their evaluation is proved.

  14. Metabolic state alters economic decision making under risk in humans.

    Directory of Open Access Journals (Sweden)

    Mkael Symmonds

    2010-06-01

    Full Text Available Animals' attitudes to risk are profoundly influenced by metabolic state (hunger and baseline energy stores. Specifically, animals often express a preference for risky (more variable food sources when below a metabolic reference point (hungry, and safe (less variable food sources when sated. Circulating hormones report the status of energy reserves and acute nutrient intake to widespread targets in the central nervous system that regulate feeding behaviour, including brain regions strongly implicated in risk and reward based decision-making in humans. Despite this, physiological influences per se have not been considered previously to influence economic decisions in humans. We hypothesised that baseline metabolic reserves and alterations in metabolic state would systematically modulate decision-making and financial risk-taking in humans.We used a controlled feeding manipulation and assayed decision-making preferences across different metabolic states following a meal. To elicit risk-preference, we presented a sequence of 200 paired lotteries, subjects' task being to select their preferred option from each pair. We also measured prandial suppression of circulating acyl-ghrelin (a centrally-acting orexigenic hormone signalling acute nutrient intake, and circulating leptin levels (providing an assay of energy reserves. We show both immediate and delayed effects on risky decision-making following a meal, and that these changes correlate with an individual's baseline leptin and changes in acyl-ghrelin levels respectively.We show that human risk preferences are exquisitely sensitive to current metabolic state, in a direction consistent with ecological models of feeding behaviour but not predicted by normative economic theory. These substantive effects of state changes on economic decisions perhaps reflect shared evolutionarily conserved neurobiological mechanisms. We suggest that this sensitivity in human risk-preference to current metabolic state has

  15. Behavioral economics: Reunifying psychology and economics

    OpenAIRE

    Camerer, Colin

    1999-01-01

    “Behavioral economics” improves the realism of the psychological assumptions underlying economic theory, promising to reunify psychology and economics in the process. Reunification should lead to better predictions about economic behavior and better policy prescriptions.

  16. Innovation economics and the role of the innovative entrepreneur in economic theory

    OpenAIRE

    Jerry Courvisanos; Stuart Mackenzie

    2014-01-01

    Innovation economics is poorly defined due to a plethora of meanings to innovation, and each having a distinctive diverse connection to economic analysis. This crucial aspect of economic development is only weakly integrated into the main body of economics. An excursion through the history of economic thought is conducted in order to find the innovative entrepreneur. This starts with early political economy and on to the cul-de-sac of neoclassical economics and then the early 20th Century dyn...

  17. Growth-based Theories for Declining Regions? A Note on Conceptualisations of Demographic Change for Regional Economic Development

    Directory of Open Access Journals (Sweden)

    Anke Matuschewski

    2016-01-01

    Full Text Available This article aims to critically assess the economic growth paradigm, which typically underlies most approaches to regional policymaking for demographic change. While population losses, ageing and outmigration – i.e. phenomena that are addressed as demographic change – have become a matter of urgency for many European regions, most regional economic development theories remain silent about the population decline affecting the economic growth and development prospects of regions. Consequently, regional policies usually rely on the concept of economic growth, yet neglect the complexity and importance of demographic change and how it relates to the economic sphere. Due to this lack in nuance, we argue that regional policymaking fails to design adequate policy support for regions facing persistent demographic change and economic stagnation or decline as a result. Based on these observations, the paper examines a selection of regional economic development theories in search for alternative concepts of growth and development in the context of demographic change. To this aim, globalisation peripheries are introduced as a fruitful conceptual point of reference and, in combination with endogenous regional development theories, discussed as an alternative approach for regional policymaking.

  18. Activity Analysis: Bridging the Gap between Production Economics Theory and Practical Farm Management Procedures

    OpenAIRE

    Longworth, John W.; Menz, Kenneth M.

    1980-01-01

    This paper is addressed to the traditional problem of demonstrating the relevance of production theory to management-oriented people. Activity analysis, it is argued, is the most appropriate pedagogic framework within which to commence either a production economics or a farm management course. Production economics theory has not been widely accepted as a useful method for the analysis of practical management problems. The theory has been traditionally presented in terms of continuous function...

  19. Principles of Economic Union. An Extension of John Rawls's Theory of Justice

    NARCIS (Netherlands)

    Wolthuis, A.J.

    2017-01-01

    In this article I uncover the principles of justice by which an economic union is to be constituted. For this purpose I extend John Rawls’s constructivist theory of justice to economically integrated societies. With regard to the principles I defend a twofold claim. First, the principles of economic

  20. Ecological theories and indicators in economic models of biodiversity loss and conservation: a critical review.

    NARCIS (Netherlands)

    Eppink, F.V.; van den Bergh, J.C.J.M.

    2007-01-01

    We evaluate how well environmental-economic models describe biodiversity loss and conservation issues. Four types of economic models turn out to dominate economic research into biodiversity conservation. For each of these, we assess the extent to which they integrate relevant ecological theories and

  1. Ecological Theories and Indicators in Economic Models of Biodiversity Loss and Conservation: A Critical Review

    NARCIS (Netherlands)

    Eppink, F.V.; van den Bergh, J.C.J.M.

    2007-01-01

    We evaluate how well environmental-economic models describe biodiversity loss and conservation issues. Four types of economic models turn out to dominate economic research into biodiversity conservation. For each of these, we assess the extent to which they integrate relevant ecological theories and

  2. APPLYING THE THEORY OF CONSTRAINTS TO INCREASE ECONOMIC VALUE ADDED: PART 1—THEORY

    Directory of Open Access Journals (Sweden)

    Malan Smith

    2012-01-01

    Full Text Available

    ENGLISH ABSTRACT: This article, presented in two parts, explains how to apply the Theory of Constraints (TOC in a business to increase Economic Value Added (EVA. The first part deals with the theory, while the second part deals with the implementation. The goal of a business, the measurements of the goal and the priority of the measurements are discussed. The future reality of a company which implements TOC principles is shown through cause and effect to lead to an increase in EVA. The increase in EVA is caused by an increase in return on investment and a reduction in the cost of capital. The actions the company must take to increase EVA is presented.

    AFRIKAANSE OPSOMMING: Hierdie artikel, aangebied in twee dele, verduidelik hoe om die Teorie van Beperkinge (TVB in a besigheid toe te pas om Ekonomiese Toegevoegde Waarde (ETW te vermeerder. Die eerste gedeelte verduidelik die teorie, terwyl die tweede gedeelte die toepassing hanteer. Die doel van ’n besigheid, die maatstawwe van die doel en die prioriteit van die maatstawwe word bespreek. Deur middel van oorsaak en effek word gewys dat die toekomstige werklikheid van ’n besigheid wat TVB beginsels toepas lei tot ’n toename in ETW. Die toename in ETW word veroorsaak deur ’n toename in opbrengs op belegging en ’n afname in die koste van kapitaal. Die aksies wat ’n besigheid moet neem om ETW te vermeerder, word genoem.

  3. A possible realization of Einstein's causal theory underlying quantum mechanics

    International Nuclear Information System (INIS)

    Yussouff, M.

    1979-06-01

    It is shown that a new microscopic mechanics formulated earlier can be looked upon as a possible causal theory underlying quantum mechanics, which removes Einstein's famous objections against quantum theory. This approach is free from objections raised against Bohm's hidden variable theory and leads to a clear physical picture in terms of familiar concepts, if self interactions are held responsible for deviations from classical behaviour. The new level of physics unfolded by this approach may reveal novel frontiers in high-energy physics. (author)

  4. When Child Development Meets Economic Game Theory: An Interdisciplinary Approach to Investigating Social Development

    Science.gov (United States)

    Gummerum, Michaela; Hanoch, Yaniv; Keller, Monika

    2008-01-01

    Game theory has been one of the most prominent theories in the social sciences, influencing diverse academic disciplines such as anthropology, biology, economics, and political science. In recent years, economists have employed game theory to investigate behaviors relating to fairness, reciprocity, and trust. Surprisingly, this research has not…

  5. The implicit economic theories on the Kyoto Protocol

    Directory of Open Access Journals (Sweden)

    Nathalia Simão

    2014-09-01

    Full Text Available The main objective of this paper is to analyze the implicit influences on the basis for construction of the Kyoto Protocol using three different theoretical basis: neoclassical environmental economics, ecological economics and institutionalist economics. From this analysis it was possible to understand the logic whereby the Protocol emerged and how its instruments and mechanisms were developed.It was observed that the proposal itself may be considered as an institution which presents as starting point principles that more closely resemble the approach of ecological economics, considering the intent of prevention/containment of global warming embeded in it. However, despite targeting broader objectives, economics rationality and the principles of neoclassical economics still prevailed, translated in use of instruments and market mechanisms.

  6. The Development of Trade Union theory and Mainstream Economic Methodology

    OpenAIRE

    Drakopoulos, Stavros A.; Katselidis, Ioannis

    2012-01-01

    The pre-war approaches to trade unions were mainly based on the theoretical and methodological viewpoints of early institutional economics. Trade unions were conceived of as politico-economic organizations whose members were motivated by relative comparisons and also were concerned with issues of equity and justice. In the post-war period, there was a major theoretical and methodological shift towards the idea of unions as optimizing economic units with well-defined objective functions which ...

  7. Believing in economic theory: sex, lies, evidence, trust and ideology

    Czech Academy of Sciences Publication Activity Database

    Austin, Andrew; Wilcox, N. T.

    -, č. 238 (2004), s. 1-45 ISSN 1211-3298 R&D Projects: GA AV ČR KSK8002119 Institutional research plan: CEZ:AV0Z7085904 Keywords : ideology * double auction * economic and political attitudes Subject RIV: AH - Economic s

  8. Agency Theory: Its Relevance to Tanzania's Economic Restructuring ...

    African Journals Online (AJOL)

    The relevance of the theory to the restructuring programme is also examined. The paper analyses how privatization is going to define the agency relationships, thereby enabling the application to agency theory in the operations of these companies. This will mutually benefit both investors and management in these ...

  9. Gauge theories under incorporation of a generalized uncertainty principle

    International Nuclear Information System (INIS)

    Kober, Martin

    2010-01-01

    There is considered an extension of gauge theories according to the assumption of a generalized uncertainty principle which implies a minimal length scale. A modification of the usual uncertainty principle implies an extended shape of matter field equations like the Dirac equation. If there is postulated invariance of such a generalized field equation under local gauge transformations, the usual covariant derivative containing the gauge potential has to be replaced by a generalized covariant derivative. This leads to a generalized interaction between the matter field and the gauge field as well as to an additional self-interaction of the gauge field. Since the existence of a minimal length scale seems to be a necessary assumption of any consistent quantum theory of gravity, the gauge principle is a constitutive ingredient of the standard model, and even gravity can be described as gauge theory of local translations or Lorentz transformations, the presented extension of gauge theories appears as a very important consideration.

  10. Economic decision making of renewable power producers under uncertainty

    Science.gov (United States)

    Lou, Chenlu

    The recent booming development of renewable power generation and government subsidies are constantly under scrutiny and various opinions exist regarding whether subsidies should be continued or not. Motivated by the controversies and debates, this dissertation attempted to address the investment decision making problem under uncertainties in the renewable power industry from the perspective of an individual power producer. Given that independent power producers still dominate the renewable power production and that majority of their output are sold through long-term power purchase agreements, this study focused on two types of uncertainties that could represent most of their kinds: the operations & maintenance (O&M) cost and governmental subsidy's renewal/expiration. Three types of investment activities that covers the major part of any renewable power plant's economic life are thoroughly investigated in a chronological order: an initial entry, exit when the plant reaches its economic life, and repowering. A real-options approach was adopted and improved to model the value of a power plant considering its future activities, while both cost and policy changes modeled as some stochastic processes. Significant policy implications and managerial insights were obtained as a result of extensive analytical modeling and statistical study of empirical evidence.

  11. A feasible central limit theory for realised volatility under leverage

    DEFF Research Database (Denmark)

    Barndorff-Nielsen, Ole Eiler; Shephard, Neil

    In this note we show that the feasible central limit theory for realised volatility and realised covariation recently developed by Barndor-Nielsen and Shephard applies under arbitrary diusion based leverage eects. Results from a simulation experiment suggest that the feasible version of the limit...

  12. How does economic theory explain the Hubbert peak oil model?

    International Nuclear Information System (INIS)

    Reynes, F.; Okullo, S.; Hofkes, M.

    2010-01-01

    The aim of this paper is to provide an economic foundation for bell shaped oil extraction trajectories, consistent with Hubbert's peak oil model. There are several reasons why it is important to get insight into the economic foundations of peak oil. As production decisions are expected to depend on economic factors, a better comprehension of the economic foundations of oil extraction behaviour is fundamental to predict production and price over the coming years. The investigation made in this paper helps us to get a better understanding of the different mechanisms that may be at work in the case of OPEC and non-OPEC producers. We show that profitability is the main driver behind production plans. Changes in profitability due to divergent trajectories between costs and oil price may give rise to a Hubbert production curve. For this result we do not need to introduce a demand or an exploration effect as is generally assumed in the literature.

  13. Bridging Economic Theory Models and the Cointegrated Vector Autoregressive Model

    DEFF Research Database (Denmark)

    Møller, Niels Framroze

    2008-01-01

    in the economic model implies the econometric concept of strong exogeneity for ß. The economic equilibrium corresponds to the so-called long-run value (Johansen 2005), the comparative statics are captured by the long-run impact matrix, C; and the exogenous variables are the common trends. Also, the adjustment...... parameters of the CVAR are shown to be interpretable in terms of expectations formation, market clearing, nominal rigidities, etc. The general-partial equilibrium distinction is also discussed....

  14. STATE AND ECONOMY IN BOURGEOISIES ECONOMIC THEORIES: A CRITICAL APPROACH

    Directory of Open Access Journals (Sweden)

    Verena Hernández-Pérez

    2016-01-01

    Full Text Available The issue of state-economy relationship has been present throughout the history of bourgeois economic thought. In the bourgeois liberal tradition the distinction between civil society and state has been presented as total and necessary, reserving to the first one the monopoly of economic activity, based on the principle of self-regulating market. From Keynes bourgeois economists were divided into two sides, one side those who still deny the state capacity to intervene right in the economy, and the other those who recognize the need for their participation. This paper proposes a critical approach to the major bourgeois theoretical positions on the relationship state-economy. 

  15. Warrant Economics, Call-Put Policy Options and the Fallacies of Economic Theory

    OpenAIRE

    Hatgioannides, John; Karanassou, Marika

    2011-01-01

    In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional market system have mushroomed in what we call Warrant Economics for the Free-Market Aristocracy . Warrant Economics unfolds in two symbiotic tenets that constitute the subtle architecture of the neolibe...

  16. Basic economic principles of road pricing: From theory to applications

    NARCIS (Netherlands)

    Rouwendal, J.; Verhoef, E.T.

    2006-01-01

    This paper presents, a non-technical introduction to the economic principles relevant for transport pricing design and analysis. We provide the basic rationale behind pricing of externalities, discuss why simple Pigouvian tax rules that equate charges to marginal external costs are not optimal in

  17. Ideas for Teaching Economics Derived from Learning Theory.

    Science.gov (United States)

    Armento, Beverly J.

    1987-01-01

    This article identifies some behaviorial approaches for teaching economics at the pre-college level, including contiguity, classical conditioning, operant conditioning, and social learning. The cognitive school of thought is also considered. Implications of research on problem-solving are drawn. (CB)

  18. An economic theory-based explanatory model of agricultural land-use patterns

    NARCIS (Netherlands)

    Diogo, V.; Koomen, E.; Kuhlman, T.

    2015-01-01

    An economic theory-based land-use modelling framework is presented aiming to explain the causal link between economic decisions and resulting spatial patterns of agricultural land use. The framework assumes that farmers pursue utility maximisation in agricultural production systems, while

  19. Was Weber Wrong? A Human Capital Theory of Protestant Economic History. PEPG/07-04

    Science.gov (United States)

    Becker, Sascha O.; Wohmann, Ludger

    2007-01-01

    Max Weber attributed the higher economic prosperity of Protestant regions to a Protestant work ethic. We provide an alternative theory, where Protestant economies prospered because instruction in reading the Bible generated the human capital crucial to economic prosperity. County-level data from late 19th-century Prussia reveal that Protestantism…

  20. The economic theory contribution to the energy discussions

    International Nuclear Information System (INIS)

    Percebois, J.

    1999-01-01

    How useful is the energy theory to manage and to forecast the energy policy? The author answers this question in words of energy and development, energy tariffs, energy transportation and distribution and relation with the government policy. (A.L.B.)

  1. Örn B. Bodvarsson & Hendrik Van den Berg, The Economics of Immigration: Theory and Policy

    OpenAIRE

    DOUGLAS, Kacey

    2015-01-01

    Abstract. The Economics of Immigration: Theory and Policy (Second edition)is designed as a survey book that addresses all facets of immigration. Though there is a great amount of information regarding immigration, the complexity of the topic has resulted in an absence of any comprehensive book the covers a wide range of issues. The book covers immigration theory, empirical evidence regarding those theories, special issues in immigration, and immigration policy throughout the world. Designed a...

  2. The Economic Importance of Financial Literacy: Theory and Evidence.

    Science.gov (United States)

    Lusardi, Annamaria; Mitchell, Olivia S

    2014-03-01

    This paper undertakes an assessment of a rapidly growing body of economic research on financial literacy. We start with an overview of theoretical research which casts financial knowledge as a form of investment in human capital. Endogenizing financial knowledge has important implications for welfare as well as policies intended to enhance levels of financial knowledge in the larger population. Next, we draw on recent surveys to establish how much (or how little) people know and identify the least financially savvy population subgroups. This is followed by an examination of the impact of financial literacy on economic decision-making in the United States and elsewhere. While the literature is still young, conclusions may be drawn about the effects and consequences of financial illiteracy and what works to remedy these gaps. A final section offers thoughts on what remains to be learned if researchers are to better inform theoretical and empirical models as well as public policy.

  3. Economic model predictive control theory, formulations and chemical process applications

    CERN Document Server

    Ellis, Matthew; Christofides, Panagiotis D

    2017-01-01

    This book presents general methods for the design of economic model predictive control (EMPC) systems for broad classes of nonlinear systems that address key theoretical and practical considerations including recursive feasibility, closed-loop stability, closed-loop performance, and computational efficiency. Specifically, the book proposes: Lyapunov-based EMPC methods for nonlinear systems; two-tier EMPC architectures that are highly computationally efficient; and EMPC schemes handling explicitly uncertainty, time-varying cost functions, time-delays and multiple-time-scale dynamics. The proposed methods employ a variety of tools ranging from nonlinear systems analysis, through Lyapunov-based control techniques to nonlinear dynamic optimization. The applicability and performance of the proposed methods are demonstrated through a number of chemical process examples. The book presents state-of-the-art methods for the design of economic model predictive control systems for chemical processes. In addition to being...

  4. Capital gains in economic theory and national accounting

    Directory of Open Access Journals (Sweden)

    J. STEINDL

    1998-12-01

    Full Text Available Capital gains are ironically one of the least studied concepts in economics despite their crucial role in national accounting. Although capital gains are technically not involved in the circular flow of production and incomes, they are a vital determinants of consumer credit and personal savings. Recent findings, in fact, correlate capital gains with the prevalence of inflationary pressures and gyrations on spending in assets.

  5. Entrepreneurship and economic development: Theory, evidence and policy

    OpenAIRE

    Naudé, Wim

    2012-01-01

    This paper provides an overview of the state of the art of the intersection of development economics and entrepreneurship. Given the relative neglect of entrepreneurship by development scholars it deals with (i) recent theoretical insights from the intersection of entrepreneurship and development studies; (ii) the empirical evidence on the relationship between entrepreneurship and development; and (iii) fresh insights for entrepreneurship policy for development that emerges from recent advanc...

  6. Topics in mathematical economics and game theory essays in honor of Robert J. Aumann

    CERN Document Server

    Wooders, Myrna H

    1999-01-01

    Since the publication of Theory of Games and Economic Behavior by von Neumann and Morgenstern, the concept of games has played an increasing role in economics. It also plays a role of growing importance in other sciences, including biology, political science, and psychology. Many scientists have made seminal advances and continue to be leaders in the field, including Harsanyi, Shapley, Shubik, and Selten. Professor Robert Aumann, in addition to his important contributions to game theory and economics, made a number of significant contributions to mathematics. This volume provides a collection

  7. Economic-mathematical methods and models under uncertainty

    CERN Document Server

    Aliyev, A G

    2013-01-01

    Brief Information on Finite-Dimensional Vector Space and its Application in EconomicsBases of Piecewise-Linear Economic-Mathematical Models with Regard to Influence of Unaccounted Factors in Finite-Dimensional Vector SpacePiecewise Linear Economic-Mathematical Models with Regard to Unaccounted Factors Influence in Three-Dimensional Vector SpacePiecewise-Linear Economic-Mathematical Models with Regard to Unaccounted Factors Influence on a PlaneBases of Software for Computer Simulation and Multivariant Prediction of Economic Even at Uncertainty Conditions on the Base of N-Comp

  8. Topological vector spaces admissible in economic equilibrium theory

    DEFF Research Database (Denmark)

    Keiding, Hans

    2009-01-01

    In models of economic equilibrium in markets with infinitely many commodities, the commodity space is an ordered topological vector space endowed with additional structure. In the present paper, we consider ordered topological vector spaces which are admissible (for equilibrium analysis) in the s......) in the sense that every economy which is reasonably well behaved posesses an equilibrium. It turns out that this condition may be characterized in terms of topology and order. This characterization implies that the commodity space has the structure of a Kakutani space....

  9. Theory of intellectual property. Fundations on philosophy, law and economics

    Directory of Open Access Journals (Sweden)

    David Felipe Álvarez Amézquita

    2015-06-01

    Full Text Available Intellectual property as any branch of law has several dimensions. Two traditional are: practical and theoretical. In the first patents are granted or registration certificates of works are requested, among many other procedures where no doubt there are ambiguities that deserve clarification. In the second the fundamentals are analyzed and criticized in search of articulation without adherence to procedural questions. However, after a review of the expert literature, we find that the latter dimension of intellectual property (IP has little literature. This article analyzes and articulates the most important foundations available in philosophy, law and economics on IP, helping to consolidate the theoretical dimension on the subject.

  10. Economic activity in agriculture in the perspective of embeddedness theory: The case of Poland

    Directory of Open Access Journals (Sweden)

    Dudek Michał

    2016-01-01

    Full Text Available The paper presents the concept of embeddedness of economic activity in relation to agriculture. In this perspective, economic activity can be considered dependent on cognitive structures, structures of social relations, culture, and political institutions. It has been concluded that the idea of embeddedness can be an interesting and useful analytical tool for the analysis of economic activity undertaken by farmers. The article presents an analysis of the state of the art, as well uses selected information and data on the methodology of panel surveys carried out by the Institute of Agricultural and Food Economics - National Research Institute. Based on the analysis of the embeddedness theory, it is argued that embeddedness is not a coherent theoretical concept but rather a potential framework for investigating various economic issues. One of these issues is agricultural activity. Embeddedness framework constitutes a scheme which could organize an alternative approach to economic actions to mainstream agriculture economics.

  11. Theories of practice - new inspiration for ecological economic studies on consumption

    DEFF Research Database (Denmark)

    Røpke, Inge

    2009-01-01

    The dynamics behind ever-increasing consumption have long been a core issue of ecological economics. Studies on this topic have traditionally drawn not only on insights from economics, but also from such disciplines as sociology, anthropology and psychology. In recent years, a practice theory app...... consumption, and the need for collective efforts supported by research into the co-evolution of domestic practices, systems of provision, supply chains and production.......The dynamics behind ever-increasing consumption have long been a core issue of ecological economics. Studies on this topic have traditionally drawn not only on insights from economics, but also from such disciplines as sociology, anthropology and psychology. In recent years, a practice theory...... in relation to studies of everyday life, domestic practices and consumption, and to argue that this approach can be fruitful for ecological economics and other fields interested in the environmental aspects of consumption. The paper emphasizes the immense challenge involved in promoting sustainable...

  12. Analysis of North Korea's Nuclear Tests under Prospect Theory

    International Nuclear Information System (INIS)

    Lee, Han Myung; Ryu, Jae Soo; Lee, Kwang Seok; Lee, Dong Hoon; Jun, Eunju; Kim, Mi Jin

    2013-01-01

    North Korea has chosen nuclear weapons as the means to protect its sovereignty. Despite international society's endeavors and sanctions to encourage North Korea to abandon its nuclear ambition, North Korea has repeatedly conducted nuclear testing. In this paper, the reason for North Korea's addiction to a nuclear arsenal is addressed within the framework of cognitive psychology. The prospect theory addresses an epistemological approach usually overlooked in rational choice theories. It provides useful implications why North Korea, being under a crisis situation has thrown out a stable choice but taken on a risky one such as nuclear testing. Under the viewpoint of prospect theory, nuclear tests by North Korea can be understood as follows: The first nuclear test in 2006 is seen as a trial to escape from loss areas such as financial sanctions and regime threats; the second test in 2009 was interpreted as a consequence of the strategy to recover losses by making a direct confrontation against the United States; and the third test in 2013 was understood as an attempt to strengthen internal solidarity after Kim Jong-eun inherited the dynasty, as well as to enhance bargaining power against the United States. Thus, it can be summarized that Pyongyang repeated its nuclear tests to escape from a negative domain and to settle into a positive one. In addition, in the future, North Korea may not be willing to readily give up its nuclear capabilities to ensure the survival of its own regime

  13. The contribution of economic theory to the energy debates; L'apport de la theorie economique aux debats energetiques

    Energy Technology Data Exchange (ETDEWEB)

    Percebois, J.

    1999-11-01

    This paper proposes a brief overview of the contributions of the micro- and macro-economic theory to the answer of the following four main questions: 1 - how will change the world energy demand with respect to the economic activity and what will be the determining factors of this demand, globally and per energy source? What are the respective roles of energy prices and technological innovations? How will change the petroleum price and what will be the share of economical and political weight in this change? 2 - how passing on this price to the end-user taking into consideration the national preferences? Is there an optimum price when the energy producing, transporting and distributing company is a monopoly? 3 - what is the optimal structure of a network industry? 4 - how to integrate the local and global externalities characteristic of the energy sector in the economical calculus? (J.S.)

  14. CITRICULTURE ECONOMIC AND FINANCIAL EVALUATION UNDER CONDITIONS OF UNCERTAINTY

    Directory of Open Access Journals (Sweden)

    DANILO SIMÕES

    2015-12-01

    Full Text Available ABSTRACT The citriculture consists in several environmental risks, as weather changes and pests, and also consists in considerable financial risk, mainly due to the period ofreturn on the initial investment. This study was motivated by the need to assess the risks of a business activity such as citriculture. Our objective was to build a stochastic simulation model to achieve the economic and financial analysis of an orange producer in the Midwest region of the state of Sao Paulo, under conditions of uncertainty. The parameters used were the Net Present Value (NPV, the Modified Internal Rate of Return(MIRR, and the Discounted Payback. To evaluate the risk conditions we built a probabilistic model of pseudorandom numbers generated with Monte Carlo method. The results showed that the activity analyzed provides a risk of 42.8% to reach a NPV negative; however, the yield assessed by MIRR was 7.7%, higher than the yield from the reapplication of the positive cash flows. The financial investment pays itself after the fourteenth year of activity.

  15. Special Issue: Aspects of Game Theory and Institutional Economics

    Directory of Open Access Journals (Sweden)

    Wolfram Elsner

    2014-09-01

    Full Text Available Classical economists from Adam Smith to Thomas Malthus and to Karl Marx have considered the importance of direct interdependence and direct interactions for the economy. This was even more the case for original institutionalist thinkers such as Thorstein Veblen, John Commons, and Clarence Ayres. In their writings, direct interdependence, interactions (or transactions among agents, with all beneficial and with all problematic consequences, took center stage in economic analysis. Why, for instance, do people adhere to a particular new fashion or trend? Because others do, after eminent people, wealthy people, the “leisure class” (T. Veblen, have made it a symbol for status. The new fashion, however, ceases to serve as such a symbol once too many people follow it. The constant effort put into following trends and adopting fashion turns out to be a social dilemma, driven by Veblenian instincts, such as invidious distinction in predatory societies, conspicuous consumption and emulation. [...

  16. T.I.Tech./K.E.S. Conference on Nonlinear and Convex Analysis in Economic Theory

    CERN Document Server

    Takahashi, Wataru

    1995-01-01

    The papers collected in this volume are contributions to T.I.Tech./K.E.S. Conference on Nonlinear and Convex Analysis in Economic Theory, which was held at Keio University, July 2-4, 1993. The conference was organized by Tokyo Institute of Technology (T. I. Tech.) and the Keio Economic Society (K. E. S.) , and supported by Nihon Keizai Shimbun Inc .. A lot of economic problems can be formulated as constrained optimiza­ tions and equilibrations of their solutions. Nonlinear-convex analysis has been supplying economists with indispensable mathematical machineries for these problems arising in economic theory. Conversely, mathematicians working in this discipline of analysis have been stimulated by various mathematical difficulties raised by economic the­ ories. Although our special emphasis was laid upon "nonlinearity" and "con­ vexity" in relation with economic theories, we also incorporated stochastic aspects of financial economics in our project taking account of the remark­ able rapid growth of this dis...

  17. 7 CFR 2.63 - Deputy Under Secretary for Research, Education, and Economics.

    Science.gov (United States)

    2010-01-01

    ... Economics. 2.63 Section 2.63 Agriculture Office of the Secretary of Agriculture DELEGATIONS OF AUTHORITY BY... Under Secretary for Research, Education, and Economics § 2.63 Deputy Under Secretary for Research, Education, and Economics. Pursuant to § 2.21(a), subject to reservations in § 2.21(b), and subject to policy...

  18. Towards a Theory of Revealed Economic Behavior: The Economic-Neurosciences Interface

    NARCIS (Netherlands)

    Pennings, J.M.E.; Garcia, P.; Hendrix, E.M.T.

    2005-01-01

    Based on recent findings from economics and the neurosciences, we present a conceptual decision-making model that provides insight into human decision-making and illustrates how behavioral outcomes are transformed into phenomena. The model may be viewed as a bridge between the seemingly disparate

  19. Quantifying Urban Fragmentation under Economic Transition in Shanghai City, China

    Directory of Open Access Journals (Sweden)

    Heyuan You

    2015-12-01

    Full Text Available Urban fragmentation affects sustainability through multiple impacts on economic, social, and environmental cost. Characterizing the dynamics of urban fragmentation in relation to economic transition should provide implications for sustainability. However, rather few efforts have been made in this issue. Using the case of Shanghai (China, this paper quantifies urban fragmentation in relation to economic transition. In particular, urban fragmentation is quantified by a time-series of remotely sensed images and a set of landscape metrics; and economic transition is described by a set of indicators from three aspects (globalization, decentralization, and marketization. Results show that urban fragmentation presents an increasing linear trend. Multivariate regression identifies positive linear correlation between urban fragmentation and economic transition. More specifically, the relative influence is different for the three components of economic transition. The relative influence of decentralization is stronger than that of globalization and marketization. The joint influences of decentralization and globalization are the strongest for urban fragmentation. The demonstrated methodology can be applicable to other places after making suitable adjustment of the economic transition indicators and fragmentation metrics.

  20. Emil Lederer’s Theory of Economic Fluctuations and the Role of Financial Institutions

    OpenAIRE

    Vouldis, Angelos; Michaelides, Panayotis G.; Milios, John G.

    2008-01-01

    Emil Lederer was characterized as the “leading academic socialist of Germany in the 1920’s” by Joseph Schumpeter and was a highly respected economist of his time. However, most aspects of his work remain totally unexplored. This paper focuses on Emil Lederer’s theory of economic fluctuations. It defends the thesis that certain aspects of Lederer’s conceptualization of economic fluctuations underwent considerable modifications when his 1925 article Konjunktur und Krisen is compared with his 19...

  1. Understanding how biodiversity unfolds through time under neutral theory.

    Science.gov (United States)

    Missa, Olivier; Dytham, Calvin; Morlon, Hélène

    2016-04-05

    Theoretical predictions for biodiversity patterns are typically derived under the assumption that ecological systems have reached a dynamic equilibrium. Yet, there is increasing evidence that various aspects of ecological systems, including (but not limited to) species richness, are not at equilibrium. Here, we use simulations to analyse how biodiversity patterns unfold through time. In particular, we focus on the relative time required for various biodiversity patterns (macroecological or phylogenetic) to reach equilibrium. We simulate spatially explicit metacommunities according to the Neutral Theory of Biodiversity (NTB) under three modes of speciation, which differ in how evenly a parent species is split between its two daughter species. We find that species richness stabilizes first, followed by species area relationships (SAR) and finally species abundance distributions (SAD). The difference in timing of equilibrium between these different macroecological patterns is the largest when the split of individuals between sibling species at speciation is the most uneven. Phylogenetic patterns of biodiversity take even longer to stabilize (tens to hundreds of times longer than species richness) so that equilibrium predictions from neutral theory for these patterns are unlikely to be relevant. Our results suggest that it may be unwise to assume that biodiversity patterns are at equilibrium and provide a first step in studying how these patterns unfold through time. © 2016 The Author(s).

  2. On the economic growth theory with Kadiyala production function

    Science.gov (United States)

    Grassetti, Francesca; Hunanyan, Gevorg

    2018-05-01

    We study the discrete time neoclassical one-sector growth model with differential savings while assuming Kadiyala production function which shows a variable elasticity of substitution symmetric with respect to capital and labor. We show that, if workers save more than shareholders, then the growth path is bounded from above and the boundary is independent from the savings rate of shareholders. Moreover, the growth path for non-developed countries is influenced only by the savings rate of shareholders while level of capital per capita of developed economies is influenced by the savings rate of workers. We also show that multistability phenomena may occur so that the model is able to explain co-existence of under-developed, developing and developed economies. We prove that fluctuations and complex dynamics may arise when the elasticity of substitution between production factors is lower than one and shareholders save more than workers.

  3. Analysis of the Relationship between Port Industry and Economic Growth Based on Cointegration Theory

    Directory of Open Access Journals (Sweden)

    Jianping Sun

    2017-01-01

    Full Text Available The reciprocal covariance function between port Industry indicator and economic growth indicator is constructed according to time series, the cross spectral density between port industry indicator and economic growth indicator is obtained by Fourier transform after Yessentuki-Henning window truncation, and the correlation, coherence and leading lag relationship between port industry and economic growth were calculated by calculating the estimated values of mutual amplitude spectrum, coherence spectrum and phase spectrum. Then, the causality between port industry and economic growth is tested by cointegration theory, and the relationship between endogenous factors and exogenous variables is determined by impulse response and variance decomposition. The calculation results of the actual data show that the development of China’s port industry and economic growth maintain a high degree of consistency in the length of 3 to 4 years and economic growth will lead the development of the port industry 0.8 years to 1.1 years. The results of dynamic econometric analysis show that China’s port industry and economic growth are Granger reasons; China’s port industry has made a negative response to economic growth. The economic growth has made a positive response to the impact of the development of the port industry, and the response has gradually increased with the passage of time; China’s port industry and economic growth are affected by endogenous variables, and both of them affect each other in the course of development.

  4. Estimating total economic merit for the Portuguese Holstein cattle population under new economic conditions

    Directory of Open Access Journals (Sweden)

    Joana B.M. Almeida

    2013-12-01

    Full Text Available The objective of this study was to develop a total economic merit index that identifies more profitable animals using Portugal as a case study to illustrate the recent economic changes in milk production. Economic values were estimated following future global prices and EU policy, and taking into consideration the priorities of the Portuguese dairy sector. Economic values were derived using an objective system analysis with a positive approach, that involved the comparison of several alternatives, using real technical and economic data from national dairy farms. The estimated relative economic values revealed a high importance of production traits, low for morphological traits and a value of zero for somatic cell score. According to several future market expectations, three scenarios for milk production were defined: a realistic, a pessimistic and an optimistic setting, each with projected future economic values. Responses to selection and efficiency of selection of the indices were compared to a fourth scenario that represents the current selection situation in Portugal, based on individual estimated breeding values for milk yield. Although profit resulting from sale of milk per average lactation in the optimistic scenario was higher than in the realistic scenario, the volatility of future economic conditions and uncertainty about the future milk pricing system should be considered. Due to this market instability, genetic improvement programs require new definitions of profit functions for the near future. Effective genetic progress direction must be verified so that total economic merit formulae can be adjusted and selection criteria redirected to the newly defined target goals.

  5. The Economic Theory and the Global Crisis, between Theoretical Solutions and the Economic Reality

    Directory of Open Access Journals (Sweden)

    Nicolae MOROIANU

    2011-06-01

    Full Text Available This work aims to study the evolution of the global crisis and its impact on various areas worldwide, as well as its impact on certain decisions which have been implemented by the authorized bodies.The general framework of this analysis starts with a short review of the relevant economic movements and trends; it continues with presenting the potential solutions aimed to overcome the dark period which is currently crossed by the contemporary economy.In the same time, the authors aim to highlight the impact of the monetary policies throughput the history on the real economy, until the current period.

  6. Political Ideonomy of Rostow’s Stages of Economic Growth Theory

    Directory of Open Access Journals (Sweden)

    M. Mozafarinia

    2016-05-01

    Full Text Available The conditions of success and reasons for failure of development strategies and plans, are among the most important “development studies” issues. This has been explained in different ways: for example, there is a strong relationship between the efficiency of development strategies and plans and development theories. Based on paradigmatic-implicative theory, which explains the relationship between development theories and political thought and considers the development theory as one of the practical implications of political thought, a condition for the success of development strategies and development plans can be found to be rooted in the political thought foundation. Therefore, in the present article we explore the political thought supporting Rostow’s Stages of Economic Growth theory, as one of the oldest and most important development theories which in the 1960s resulted in understanding development as “growth”. We use qualitative content analysis method to show that the political foundation of Rostow’s Stages of Economic Growth theory is based on the principle of “the most utility for the most people” in accordance with Bentham’s utilitarian political thought.

  7. What determines crime rates? An empirical test of integrated economic and sociological theories of criminal behavior

    NARCIS (Netherlands)

    Engelen, Peter Jan|info:eu-repo/dai/nl/304832227; Lander, Michel W.; van Essen, Marc|info:eu-repo/dai/nl/357514491

    Research on crime has by no means reached a definitive conclusion on which factors are related to crime rates. We contribute to the crime literature by providing an integrated empirical model of economic and sociological theories of criminal behavior and by using a very comprehensive set of

  8. The Idea of National HRD: An Analysis Based on Economics and Theory Development Methodology

    Science.gov (United States)

    Wang, Greg G.; Swanson, Richard A.

    2008-01-01

    Recent human resource development (HRD) literature focuses attention on national HRD (NHRD) research and represents problems in both HRD identity and research methodology. Based on a review of development economics and international development literature, this study analyzes the existing NHRD literature with respect to the theory development…

  9. The use of modern information technologies in teaching students of economics theory of probability

    Directory of Open Access Journals (Sweden)

    Иван Васильевич Детушев

    2013-12-01

    Full Text Available This article discusses the use of the program «MathCAD» in teaching students of economic specialties of mathematics. It is shown that the use of this software product contributes to the effective development of methods for solving problems of the theory of probability.

  10. Linking Simple Economic Theory Models and the Cointegrated Vector AutoRegressive Model

    DEFF Research Database (Denmark)

    Møller, Niels Framroze

    This paper attempts to clarify the connection between simple economic theory models and the approach of the Cointegrated Vector-Auto-Regressive model (CVAR). By considering (stylized) examples of simple static equilibrium models, it is illustrated in detail, how the theoretical model and its...

  11. Season of Hope: Economic Reform under Mandela and Mbeki ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    "An insightful, enlightening and solid economic history of South Africa's first decade of democracy." —The Economist (1 December 2005) When the African National Congress won the first democratic elections in 1994, South Africa was one of the most unequal societies in the world. How could an organization with no ...

  12. Adaptive economic and ecological forest management under risk

    Science.gov (United States)

    Joseph Buongiorno; Mo Zhou

    2015-01-01

    Background: Forest managers must deal with inherently stochastic ecological and economic processes. The future growth of trees is uncertain, and so is their value. The randomness of low-impact, high frequency or rare catastrophic shocks in forest growth has significant implications in shaping the mix of tree species and the forest landscape...

  13. Tracking Gender Equity under Economic Reforms: Continuity and ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    Ratna M. Sudarshan is currently Principal Economist in the Human Development Programme Area of the National Council of Applied Economic Research in New ... L'honorable Chrystia Freeland, ministre du Commerce international, a annoncé le lancement d'un nouveau projet financé par le Centre de recherches pour le ...

  14. Nigeria-China Economic Relations Under the South-South ...

    African Journals Online (AJOL)

    chifaou.amzat

    2013-09-28

    Sep 28, 2013 ... As the bilateral relations have progressed from cultural linkages to in- tense economic penetration of the .... and strengthen pre-existing ties with some countries on the Asian continent. This change in the ... million for the construction of the China-Nigeria Friendship Cultural Centre in. Abuja, grant of US$7.2 ...

  15. MANAGING WATER TEMPERATURE TMDLS UNDER ECONOMIC AND ENVIRONMENTAL UNCERTAINTY

    OpenAIRE

    Howitt, Richard E.; Kaplan, Jonathan D.; Johnson, Michael L.; Viers, Joshua H.

    2004-01-01

    This paper presents an empirical model for analyzing the economics of information acquisition and adaptive watershed management. An empirical application drawn from the Total Maximum Daily Load standard implemented to control in-stream water temperature pollution for the Navarro River watershed, located in northern California provides the basis for this inquiry.

  16. Land tenure reform under the economic liberalisation regime ...

    African Journals Online (AJOL)

    The economic liberalisation of the 1990s hastened the growth of business interests in land and created new competition over natural resources. The World Bank, a promoter of liberalisation, has encouraged African governments to formulate new land policies and enact new land laws. The paper examines the process of ...

  17. Nigeria-China Economic Relations Under the South-South ...

    African Journals Online (AJOL)

    As the bilateral relations have progressed from cultural linkages to intense economic penetration of the Nigerian economy, observers of Nigeria's international relations have become highly conscious of the reciprocal need to transform this intensive relationship into a mutually constructive one, that is towards the promotion ...

  18. The capacity to choose: reformulating the concept of choice in economic theory

    Directory of Open Access Journals (Sweden)

    Mark S. Peacock

    2011-05-01

    Full Text Available Despite being conceived as a ‘theory of rational choice’, orthodox economics fails to ascribe to human beings the ability to choose in a meaningful sense, something philosophical approaches to economics have long noted and tried to remedy. Tony Lawson’s critical realism is one attempt at a remedy. If, following Lawson, one conceives of choice as a ‘capacity’ of human beings, critical realist analysis suggests a distinction between humans’ possession and their exercise of this capacity. If one can sustain this distinction, one should be able to distinguish cases in which agents actually exercise their capacity to choose from those in which they do not. Investigation of this distinction does not, however, lead to the desired distinction between such cases. Consequently, a reformulation of the notion of choice is required. An implication for economic theory – namely, the possibility of conceptualizing ‘exploitation’ – is discussed.

  19. China’s Institutional Architecture: A New Institutional Economics and Organization Theory Perspective on the Links between Local Governance and Local Enterprises

    NARCIS (Netherlands)

    B. Krug (Barbara); H. Hendrischke (Hans)

    2008-01-01

    textabstractWe start our exploration of China’s institutional change by asking what the China experience can tell us about institutional economics and organization theory. We point to under-researched areas such as the formation of firms and the interplay between firms and local politics. Our

  20. The possibility of behavioral new institutional economics

    OpenAIRE

    菊沢, 研宗

    2011-01-01

    Behavioral economics has recently been the subject of considerable research with the consequence that theories in behavioral economics and finance have complementarily developed to comprise a research field known as 'behavioral finance'. Subsequent studies seeking to integrate game theory and behavioral economics come under the 'behavioral game theory' umbrella, while those wanting to integrate contract theory and behavioral economics fall under 'behavioral contract theory'. Given such circum...

  1. Financial Transaction Tax: Determination of Economic Impact Under DSGE Model

    Directory of Open Access Journals (Sweden)

    Veronika Solilová

    2015-01-01

    Full Text Available The discussion about the possible taxation of the financial sector has started in the European Union as a result of the financial crisis which has spread to the Europe from the United States in 2008 and consequently of the massive financial interventions by governments made in favour of the financial sector. On 14 February 2013, after rejection of the draft of the directive introducing a common system of financial transaction tax in 2011, the European Commission introduced the financial transaction tax through enhanced cooperation. The aim of the paper is to research economic impact of financial transaction tax on EU (EU27 or EU11 with respect to the DSGE model which was used for the determination of impacts. Based on our analysis the DSGE model can be considered as underestimated in case of the impact on economic growth and an overestimated in case of the revenue collection. Particularly, the overall impact of the financial transaction tax considering cascade effects of securities (tax rate 2.2% and derivatives (tax rate 0.2% is ranged between −4.752 and 1.472 percent points of GDP. And further, is assumed that the relocation effects of business/trade can be in average 40% causes a decline of expected tax revenues in the amount of 13bn EUR. Thus, at a time of fragile economic growth across the EU and the increased risk of recession in Europe, the introduction of the FTT should be undesirable.

  2. Forming the Modern Labour Market Economics: On the Role of Institutionalist Theories

    Directory of Open Access Journals (Sweden)

    Dagmar Brožová

    2016-12-01

    Full Text Available The growing role of institutions and their influence on the labour market outcomes, i.e., wage rates and labour allocation, has been among the most significant characteristic features of labour markets in recent decades. The labour market economics built its paradigm on the principles of marginalism, which brought suitable instruments for the analysis of market agents’ individual decisions capable of achieving effective solutions. Smith’s “invisible hand” has gradually been limited by institutional interventions – by governments, corporations and trade unions with government legislation, corporate personnel policies and collective bargaining. The expanding regulatory interventions in the labour market and the effort to explain the reality leads inevitably to the fact that the modern labour market economics incorporates more and more institutional theories. The contribution outlines the gradual invasion of neoinstitutional topics and theories into the neoclassical labour market paradigm and it analyses the differences between the neoclassical and institutional interpretation of labour market functioning. It presents the recent discussion on the consequences for the labour market economic theory and formulates a conclusion about the modified labour market economic paradigm.

  3. Liberalism, Marxism and Democratic Theory Revisited: Proposal of a Joint Index of Political and Economic Democracy

    Directory of Open Access Journals (Sweden)

    Angelo Segrillo

    2012-12-01

    Full Text Available Liberalism and Marxism are two schools of thought which have left deep imprints in sociological, political and economic theory. They are usually perceived as opposite, rival approaches. In the field of democracy there is a seemingly insurmountable rift around the question of political versus economic democracy. Liberals emphasize the former, Marxists the latter. Liberals say that economic democracy is too abstract and fuzzy a concept, therefore one should concentrate on the workings of an objective political democracy. Marxists insist that political democracy without economic democracy is insufficient. The article argues that both propositions are valid and not mutually exclusive. It proposes the creation of an operational, quantifiable index of economic democracy that can be used alongside the already existing indexes of political democracy. By using these two indexes jointly, political and economic democracy can be objectively evaluated. Thus, the requirements of both camps are met and maybe a more dialogical approach to democracy can be reached in the debate between liberals and Marxists. The joint index is used to evaluate the levels of economic and political democracy in the transition countries of Eastern Europe.

  4. Theory of social organisations as the methodological basis of economic management of an enterprise

    Directory of Open Access Journals (Sweden)

    Ligonenko Larysa O.

    2013-03-01

    Full Text Available The article provides the author’s interpretation of the “economic management of an enterprise” notion, which is offered to be considered as an integrating and co-ordinating type of management, the main goal of which is ensuring long-term viability of an enterprise. The article considers genesis of organisational theories with respect to necessity, principles, rules, recommendations and procedures of managerial activity. It justifies expediency of formation of the methodological base of economic management of an enterprise on the basis of use of the problem theory of social organisations of V. I. Franchuk. The article describes the author’s concept of the essential characteristics and the process of organisation of economic management of an enterprise. It justifies a necessity of replenishment of classical management functions with three new functions: problem management, development and economic security (risk tolerance. It characterises principles and organisation of functioning of the “social mechanism”, which should be envisaged in the system of economic management of an enterprise.

  5. A Treatise for A New Age in Economic Theory: A Review of George Reisman's Capitalism

    Directory of Open Access Journals (Sweden)

    Wladimir Kraus

    2009-02-01

    Full Text Available George Reisman’s magnum opus Capitalism: A Treatise on Economics is a monumental attempt at theoretical integration of leading economic phenomena into one unified whole. Few such books have been published in the history of economics. Still fewer of them contain a comparable proportion of path-breaking innovations both in approach and substance that are integrated in a tightly-spun system of thought that Capitalism does. Yet despite its numerous path-breaking contributions to economic theory, the book has attracted virtually zero attention from the scientific community. History shows that for the most part this has been the fate of all great innovations in science. This review attempts (a to point out reasons why the book’s content is revolutionary, and (b to finally start a serious discussion of its substantive ideas. Specifically, the review focuses in some detail on some of Reisman’s most important innovations which all point the way to a wholly new direction in economic theory that promises to provide the hitherto unseen conformity with empirical reality, analytical rigor, and doctrinal integration.

  6. Adaptive economic and ecological forest management under risk

    Directory of Open Access Journals (Sweden)

    Joseph Buongiorno

    2015-02-01

    Full Text Available Background Forest managers must deal with inherently stochastic ecological and economic processes. The future growth of trees is uncertain, and so is their value. The randomness of low-impact, high frequency or rare catastrophic shocks in forest growth has significant implications in shaping the mix of tree species and the forest landscape. In addition, the fluctuations of wood prices influence greatly forest revenues. Methods Markov decision process models (MDPs offer a rigorous and practical way of developing optimum management strategies, given these multiple sources of risk. Results Examples illustrate how such management guidelines are obtained with MDPs for combined ecological and economic objectives, including diversity of tree species and size, landscape diversity, old growth preservation, and carbon sequestration. Conclusions The findings illustrate the power of the MDP approach to deal with risk in forest resource management. They recognize that the future is best viewed in terms of probabilities. Given these probabilities, MDPs tie optimum adaptive actions strictly to the state of the forest and timber prices at decision time. The methods are theoretically rigorous, numerically efficient, and practical for field implementation.

  7. Contending economic theories: neoclassical, Keynesian and Marxian de Richard Wolff y Stephen Resnick

    OpenAIRE

    Brondino, Gabriel

    2013-01-01

    Contending Economic Theories ofrecer una exposición sintética de las tres escuelas de pensamiento económico brindando a los lectores un herramental para compararlas, escrutarlas y, eventualmente, tomar partido por alguna de ellas. Esto es crucial ya que la tesis fundamental del libro es que cada teoría económica sugiere una forma diferente de comprensión de cómo funcionan las economías contemporáneas y, consecuentemente, distintas guías para la acción de política económica. Fil: Brondino, ...

  8. Military Authoritarian Regimes and Economic Development: The ROK's Economic Take-Off Under Park Chung Hee

    National Research Council Canada - National Science Library

    Park, Kisung

    2008-01-01

    .... ROK President Park Chung Hee seized control of political power by coup in 1961. Until he was assassinated in 1979, he acted both as dictator of South Korea's political order and as the founder of South Korean economic take-off...

  9. The Contribution of the Neo-Schumpeterian Approach to the Development of the Economic Theory: Emphasis on the Meso-Economic Level

    Directory of Open Access Journals (Sweden)

    Radu HERMAN

    2011-07-01

    Full Text Available This article tries to show that there are alternative approaches to the economic theory, besides the well-known economic schools, Classicism, Neoclassicism and Keynesianism. The neoclassical principles allow a formalization – widely accepted by experts – that provide effective tools for measuring the effects of the economic activity. The economic science pays a special attention to the study of the economic agents’ behaviors, and to the economic results obtained by them through economic activity. Any human science uses principles and works with assumptions, and the neoclassical assumptions have generated efficient tools for quantifying the economic outcomes, and for accounting the economic growth. But these hypothesis, such as the assumption of economic agents’ rationality, allow a very limited understanding of the behaviors of economic agents within the markets. The recent invention of the Nuclear Magnetic Resonance device, allowed the emrgence of a new scientific paradigm, the development of neurosciences. Researchers can observe at a high level of graphic detail various types of activities that occur in the human brain, and some economists have introduced in the study of the economic theory, for example, the assumption that the consumer is driven by emotions when purchasing quantities of goods and services. So, economists may look for additional theories to explain the behavior of the economic agents. An increasingly importance is given to the theoretical contributions built on the work of the economist Joseph Alois Schumpeter, who has an original economic approach based on his own principles. It is proposed to focus the attention on a mesoeconomic vision about the industry, to understand how resources are being allocated and reallocated between companies, and to study the economic processes of evolution, which are influenced by the emergence and dissemination of the innovations. It is supposed that the price is allocating the

  10. Energy policy under the aspect of international economic interdependencies

    International Nuclear Information System (INIS)

    Michaelis, H.

    1978-01-01

    A few introductory remarks on the status of and on prospects fo the world energy economy as well as on reasons given for the necessity of a world-wide coordination of energy policy and economic policy are followed by an explanation of the policy led by oil extracting countries and of the endeavour of western industrialized countries to reduce oil imports. Even if the state of utilizing nuclear energy does not yet present a sufficient alternative, the international nuclear energy continues to be directed towards this goal. Seen from an international viewpoint, relieving contributions are to be expected from energy-conservation-actions and from the development of regenerative energy sources. (UA) [de

  11. Extended producer responsibility for consumer waste: the gap between economic theory and implementation.

    Science.gov (United States)

    Dubois, Maarten

    2012-09-01

    Although economic theory supports the use of extended producer responsibility (EPR) to stimulate prevention and recycling of waste, EPR systems implemented in Europe are often criticized as a result of weak incentives for prevention and green product design. Using a stylized economic model, this article evaluates the efficiency of European EPR systems. The model reveals that the introduction of static collection targets creates a gap between theory and implementation. Static targets lead to inefficient market outcomes and weak incentives for prevention and green product design. The minimum collection targets should be complemented with a tax on producers for the non-collected waste fraction. Because such a tax internalizes the cost of waste disposal, more efficient price signals will lead to better incentives for waste management in a complex and dynamic market.

  12. Theory of imprevision from the economic and legal perspective of contract analysis

    Directory of Open Access Journals (Sweden)

    Radu Ştefan PĂTRU

    2011-06-01

    Full Text Available The new realities of the 21st century ask for a revitalization of the economic and legal systems so as to overcome the effects of the economic crisis. The current economic crisis is at the same time a challenge for the scientific milieu which is called to find the best solutions for the reversal and adaptation of the main scientific institutions. For the legal system, the contract represents an essential factor both theoretically and practically so that the new legislative decisions appear to be as highly important. As a particular case study, we intend to analyse the theory of imprevision both from the theoretical viewpoint and the one of practical consequences that the regulation of this institution might generate in the domestic legislative environment through the provisions of the New Civil Code. Far from our affiliation to the opinions that vividly sustain or reject the regulation of this theory, this article intends to be an objective analysis of the theory of imprevision representing one of the greatest challenges for the New Civil Code.

  13. Economic Importance of Camel: A Unique Alternative under Crisis

    Directory of Open Access Journals (Sweden)

    S. Ahmad*, M. Yaqoob, N. Hashmi1, S. Ahmad2, M. A. Zaman3 and M. Tariq

    2010-10-01

    Full Text Available Increasing human population in the world has arisen the issue of food security. In order to combat with this issue, there is need to explore a new world of resources. Camel can serve the best useful addition to the food supply chain in terms of milk, meat and other products. Dromedary camel is found in Pakistan and its population is highest in Baluchistan (41%. In Pakistan, there are 21 breeds of camel. The main two types are riverine and mountainous. Camels are of vital socio-economic importance in the country as people use it for drawing water from wells, ploughing and leveling land, working mini-mills for oil extraction, grinding wheat, corn and other grains and for crushing sugarcane, and pulling carts for the transportation of goods as well as people. Well-fed camel can yield 10-15L milk per day. Camel milk can also be used for making yogurt, kurth, butter, ghee, rabbri and khoa. Meat, hides and hair are useful by-products of camel. Camel farming will be beneficial for farmers when proper marketing infrastructure is established. Also, standard procedures for the classification and identification of camel breeds for different purposes need more attention. Camel ranching schemes and collaborative research approach are need of the hour. These measures can lead us to utilize this novel animal as a natural resource for coping food demand of ever increasing population.

  14. Adaptability of the Logistics System in National Economic Mobilization Based on Blocking Flow Theory

    Directory of Open Access Journals (Sweden)

    Xiangyuan Jing

    2014-01-01

    Full Text Available In the process of national economic mobilization, the logistics system usually suffers from negative impact and/or threats of such emergency events as wars and accidents, which implies that adaptability of the logistics system directly determines realization of economic mobilization. And where the real-time rescue operation is concerned, heavy traffic congestion is likely to cause a great loss of or damage to human beings and their properties. To deal with this situation, this article constructs a blocking-resistance optimum model and an optimum restructuring model based on blocking flow theories, of which both are illustrated by numerical cases and compared in characteristics and application. The design of these two models is expected to eliminate or alleviate the congestion situation occurring in the logistics system, thus effectively enhancing its adaptability in the national economic mobilization process.

  15. Extended inclusive fitness theory: synergy and assortment drives the evolutionary dynamics in biology and economics.

    Science.gov (United States)

    Jaffe, Klaus

    2016-01-01

    W.D. Hamilton's Inclusive Fitness Theory explains the conditions that favor the emergence and maintenance of social cooperation. Today we know that these include direct and indirect benefits an agent obtains by its actions, and through interactions with kin and with genetically unrelated individuals. That is, in addition to kin-selection, assortation or homophily, and social synergies drive the evolution of cooperation. An Extended Inclusive Fitness Theory (EIFT) synthesizes the natural selection forces acting on biological evolution and on human economic interactions by assuming that natural selection driven by inclusive fitness produces agents with utility functions that exploit assortation and synergistic opportunities. This formulation allows to estimate sustainable cost/benefit threshold ratios of cooperation among organisms and/or economic agents, using existent analytical tools, illuminating our understanding of the dynamic nature of society, the evolution of cooperation among kin and non-kin, inter-specific cooperation, co-evolution, symbioses, division of labor and social synergies. EIFT helps to promote an interdisciplinary cross fertilization of the understanding of synergy by, for example, allowing to describe the role for division of labor in the emergence of social synergies, providing an integrated framework for the study of both, biological evolution of social behavior and economic market dynamics. Another example is a bio-economic understanding of the motivations of terrorists, which identifies different forms of terrorism.

  16. The contribution of several Nobel Laureates in the development of the Theory of general economic equilibrium

    Directory of Open Access Journals (Sweden)

    Florentina Xhelili Krasniqi

    2016-12-01

    Full Text Available Nobel Laureates with their contributions to the development of the theory of general equilibrium have enabled this theory to be one of the most important for theoretical and practical analysis of the overall economy and the efficient use of economic resources. Results of the research showing that contributions of Nobel Laureates in the economy belong to two main frameworks of development of the general equilibrium theory: one was the mathematical model of general equilibrium developed by John R. Hicks (1939, Kenneth J.Arrow (1951 and Gerard Debreu (1954 and second frames of general equilibrium belongs to Paul A. Samuelson (1958. To highlight the contributions of these Nobel laureates in the development of the theory of general equilibrium have been selected and are presented in the paper some views, estimates and assumptions that have contributed not only in solving concrete problems, but also to the development of economic science in general. Their works represent a synthesis of theoretical and practical aspects of treatment of general equilibrium which are the starting point for further research in this field.

  17. A Survey of Sludge Granulation Theories Under Anaerobic Conditions

    Directory of Open Access Journals (Sweden)

    Jalal Shayegan

    2011-01-01

    Full Text Available This paper surveys the different theories developed on anaerobic sludge granulation. The theories are generally categorized as physical, microbial, and thermodynamic approaches. In the physical approach to the granulation process, granulation is described by such physical conditions of the reactor as upflow velocity of gas and liquid streams, suspended solids in the effluent flow, and excess sludge removal. Microbial theories are based on the properties of specific organisms and on granule properties (granule structure and its microbiology. The thermodynamic approach studies such factors as hydrophobia, electrophoretic mobility, effective energy in granule adhesion process, and effect of proton transferring activities on bacterial membrane surfaces.

  18. The monster sporadic group and a theory underlying superstring models

    International Nuclear Information System (INIS)

    Chapline, G.

    1996-09-01

    The pattern of duality symmetries acting on the states of compactified superstring models reinforces an earlier suggestion that the Monster sporadic group is a hidden symmetry for superstring models. This in turn points to a supersymmetric theory of self-dual and anti-self-dual K3 manifolds joined by Dirac strings and evolving in a 13 dimensional spacetime as the fundamental theory. In addition to the usual graviton and dilaton this theory contains matter-like degrees of freedom resembling the massless states of the heterotic string, thus providing a completely geometric interpretation for ordinary matter. 25 refs

  19. Cattle producers' economic incentives for preventing bovine brucellosis under uncertainty.

    Science.gov (United States)

    Roberts, Trenton W; Peck, Dannele E; Ritten, John P

    2012-12-01

    Cattle in the Greater Yellowstone Ecosystem occasionally contract bovine brucellosis from free-ranging elk and bison. Cattle producers use a variety of brucellosis prevention activities to reduce their herds' risk of contracting brucellosis, such as: (1) having state agency personnel haze elk off private land, (2) fencing haystacks, (3) administering adult booster vaccination, (4) spaying heifers, (5) altering the winter-feeding schedule of cattle, (6) hiring riders to prevent cattle-elk commingling, and (7) delaying grazing on high-risk allotments. Their brucellosis prevention decisions are complicated, however, by several sources of uncertainty, including the following: a cattle herd's baseline risk of contracting brucellosis, the inherent randomness of brucellosis outbreaks, the cost of implementing prevention activities, and the activities' effectiveness. This study eliminates one source of uncertainty by estimating the cost of implementing brucellosis prevention activities on a representative cow/calf-long yearling operation in the southern GYE. It then reports the minimum level of effectiveness each prevention activity must achieve to justify investment by a risk-neutral producer. Individual producers face different levels of baseline risk, however, and the US government's brucellosis-response policy is constantly evolving. We therefore estimate breakeven levels of effectiveness for a range of baseline risks and government policies. Producers, animal health experts, and policymakers can use this study's results to determine which brucellosis prevention activities are unlikely to generate sufficient expected benefits to cover their cost of implementation. Results also demonstrate the influence of government policy on producers' incentives to prevent brucellosis. Policies that increase the magnitude of economic loss a producer incurs when their herd contracts brucellosis subsequently decrease prevention activities' breakeven levels of effectiveness, and

  20. Overview of the Main Theories on the Economic Effects of Public Indebtedness

    Directory of Open Access Journals (Sweden)

    Irina Bilan

    2016-05-01

    Full Text Available The paper briefly reviews the main theories formulated over time on the economic effects of public indebtedness, with the aim to highlight their common and divergent points, the arguments they rely upon, as well as their relevance, given the current economic environment. Three major views are considered, namely the classical one, the Keynesian one and the view of neoliberal economists (monetarist economists and representatives of the school of rational expectations. The comparative approach of the different views allowed us to shape some criteria of decision which may prove useful for public policymakers in formulating public debt policies conducive to economic growth: public indebtedness should not become common practice but be reserved for those situations in which the economy is confronted with unusual phenomena, such as economic downturns; borrowed resources should be used especially on those destinations which create added value in the economy, such as public investment; public debt should not accumulate at a fast pace and should be kept within reasonable limits, to avoid possible side effects on economic growth.

  1. Grey game theory and its applications in economic decision-making

    CERN Document Server

    Fang, Zhigeng; Shi, Hongxing; Lin, Yi

    2016-01-01

    To make the best decisions, you need the best information. However, because most issues in game theory are grey, nearly all recent research has been carried out using a simplified method that considers grey systems as white ones. This often results in a forecasting function that is far from satisfactory when applied to many real situations. Grey Game Theory and Its Applications in Economic Decision Making introduces classic game theory into the realm of grey system theory with limited knowledge. The book resolves three theoretical issues: A game equilibrium of grey game A reasonable explanation for the equilibrium of a grey matrix of static nonmatrix game issues based on incomplete information The Centipede Game paradox, which has puzzled theory circles for a long time and greatly enriched and developed the core methods of subgame Nash perfect equilibrium analysis as a result   The book establishes a grey matrix game model based on pure and mixed strategies. The author proposes the concepts of grey saddle p...

  2. Utility function under decision theory: A construction arbitration application

    Science.gov (United States)

    Alozn, Ahmad E.; Galadari, Abdulla

    2017-08-01

    While a wide range of dispute resolution mechanisms exist, practitioners favor legally binding ones such as litigation and arbitration. Since initiating a litigation or arbitration case against a business partner may dissolve the business relationship between them, predicting the arbitrator's decision becomes valuable to the arbitrating parties. This paper proposes a construction-specific utility framework for the arbitrating party through decision theory, and based on expected utility theory. The proposed framework preserves the industry practicality and most importantly, considers direct short-term factors and indirect long-term factors as well. It is suggested that the arbitrating parties' utility functions could be then used to identify equilibrium points among them when interact via game theory principles, which would serve the purpose of predicting the arbitration outcome.

  3. FAMILY’S ECONOMIC LEVEL AND CULTURE CORRELATE WITH NUTRITIONAL STATUS OF CHILDREN UNDER FIVE YEARS

    Directory of Open Access Journals (Sweden)

    Abdul Muhith

    2017-01-01

    Full Text Available Introduction: Nutrition is an important thing for human life. Variety in family’s economic level and culture have effect on family’s eating habit. Family with higher economic status have big opportunity to met under fi ve year’s nutrition. Cultural diversity on each family has an impact on the difference of raw food selection, processing methods, and presentation of food. The purpose of this study was to determine the correlation between family’s economic level and culture with nutritional status of children under fi ve year. Method: Research design was observational analytic with cross sectional approach. The population were mother and their children under fi ve years at Desa Jatigono Kunir, Kabupaten Lumajang. Sampel were 184 respondents, taken by using cluster sampling. Independent variables were family’s economic level and culture. Dependent variable was nutritional status of children under fi ve years. Data were collected by using questionnaire and observational sheet. Then, data were analyzed by using Spearman Rho Test with α<0.05. Result: The results showed that 140 (76.1% respondents have low economic level, 105 (57.1% respondents have negative culture in children’s nutrition, and 89 (48% respondents have good nutritional status. The result of Spearman-rho test showed that family’s economic level (p=0.000 and culture (0.019 have correlated with nutritional status of children under five years. Discussion: It can be concluded that family’s economic level and culture have correlated with nutritional status of children under fi ve years. Nurses should develop health education and counseling to improve family’s knowledge about nutrition, so children will have good nutritional status. Keywords: economic level, family’s culture, nutritional status, children under five years

  4. Loss aversion under prospect theory: A parameter-free measurement

    NARCIS (Netherlands)

    M. Abdellaoui (Mohammed); H. Bleichrodt (Han); C. Paraschiv (Corina)

    2007-01-01

    textabstractA growing body of qualitative evidence shows that loss aversion, a phenomenon formalized in prospect theory, can explain a variety of field and experimental data. Quantifications of loss aversion are, however, hindered by the absence of a general preference-based method to elicit the

  5. Purchasing alignment under multiple contingencies: a configuration theory approach.

    NARCIS (Netherlands)

    Mikalef, P.; Pateli, A.; Batenburg, R.S.; Wetering, R. van de

    2015-01-01

    Purpose: Strategic alignment is a theory-based state that is considered as crucial for organizations in order to realize performance gains from information technology (IT) investments and deployments. Within the domain of purchasing and supply chain management there has been a growing interest on

  6. The Behavior Intervention Support Team (BIST) Program: Underlying Theories

    Science.gov (United States)

    Boulden, Walter T.

    2010-01-01

    The Behavior Intervention Support Team (BIST) is a proactive school-wide behavior management plan for all students, emphasizing schools partnering with students and parents through caring relationships and high expectations. The BIST program is well-grounded in behavioral theory and combines strength-based and resiliency principles within the…

  7. On Reading Comprehension Teaching for English Majors under Relevance Theory

    Science.gov (United States)

    He, Ping

    2018-01-01

    Relevance Theory from the perspective of cognitive psychology argues that human communication is an ostensive-inferential process, and emphasizes the function of the optimal relevance for communication. In this sense, reading comprehension could be considered as a kind of communication in which the writer manifests his/her communication intention…

  8. Loss Aversion under Prospect Theory: a Parameter-Free Measurement

    NARCIS (Netherlands)

    H. Bleichrodt (Han); M. Abdellaoui (Mohammed); C. Paraschiv (Corina)

    2007-01-01

    textabstractA growing body of qualitative evidence shows that loss aversion, a phenomenon formalized in prospect theory, can explain a variety of field and experimental data. Quantifications of loss aversion are, however, hindered by the absence of a general preference-based method to elicit the

  9. Vertical Integration of Hospitals and Physicians: Economic Theory and Empirical Evidence on Spending and Quality.

    Science.gov (United States)

    Post, Brady; Buchmueller, Tom; Ryan, Andrew M

    2017-08-01

    Hospital-physician vertical integration is on the rise. While increased efficiencies may be possible, emerging research raises concerns about anticompetitive behavior, spending increases, and uncertain effects on quality. In this review, we bring together several of the key theories of vertical integration that exist in the neoclassical and institutional economics literatures and apply these theories to the hospital-physician relationship. We also conduct a literature review of the effects of vertical integration on prices, spending, and quality in the growing body of evidence ( n = 15) to evaluate which of these frameworks have the strongest empirical support. We find some support for vertical foreclosure as a framework for explaining the observed results. We suggest a conceptual model and identify directions for future research. Based on our analysis, we conclude that vertical integration poses a threat to the affordability of health services and merits special attention from policymakers and antitrust authorities.

  10. World Systems Theory, Core Periphery Interactions and Elite Economic Exchange in Mississippian Societies

    Directory of Open Access Journals (Sweden)

    Robert J. Jeske

    2015-08-01

    Full Text Available World Systems Theory has been one approach used to explain the rise of the Mississippian social and political phenomenon. In this paper it is argued that a hierarchical model of core-periphery interaction does not explain the Cahokianphenomenon, because several crucial clements of such a model cannot be demonstrated to have existed within the Mississippian system. It is suggested that looking at Mississippian society as a differential core-peripheral system may have utility as a framework for including concepts such as gateway communities and interaction spheres previously used to describe the economic interactions between Cahokia and its neighbors.

  11. The Remarkable Place of the UV-Curve in Economic Theory

    OpenAIRE

    Rodenburg, Peter

    2007-01-01

    The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve and argues that the role of the UV-curve has changed from a measuring device to a graphical representation of full employment to an axiom necessary for matching models of unemployment. This changing r...

  12. Social goal-objective formation, democracy and national interest a theory of political economy under fuzzy rationality

    CERN Document Server

    Dompere, Kofi Kissi

    2014-01-01

    This book presents the development of a theory of social goal-objective formation and its relationship to national interest and social vision under a democratic decision-choice system with imperfect information structure. It provides a framework for the application of fuzzy logic and its mathematics to the analysis in resolving conflicts in individual preferences in the collective decision-choice space without violence. The book demonstrates how to use fuzzy logic and its mathematics in the study of economics, social sciences and other complex systems. It also presents the use of collaborative tools of opposites, duality, polarity, continuum in fuzzy paradigm with its logic, laws of thought and mathematics in developing a new approach to the theory of political economy in order to enhance the constructs of social decision-choice theory.

  13. Social Democratic Constitutionalism, New Economic Theory, and the Dangers of Neoliberalism’s Attacks on Rational Government Regulation

    Directory of Open Access Journals (Sweden)

    Winston Nagan

    2017-10-01

    Full Text Available This paper examines the foundations of economic neoliberalism and underlines the implications of the foundations of this economic theory in its reliance on economic value as ownership, property, and commodity which misdirects economic inquiry from the real value of human capital as the proper foundation of a viable economic system. It focuses on the role of a selective emphasis on rules of international law for the protection of private property. These rules indirectly influence economic theory in general in the sense that commodity is made to be near absolute, and to be insulated from regulation. The paper explores these ideas in the context of major neoliberal theorists and stresses flaws of the theory of ownership as well as the flaws in the myth of the market as a form of economic activity immune to rational regulation. The paper goes on to stress the emphasis of the destruction of the so called “deep state.” The attack on the deep state is reinforced by an academic interest group loosely styled “The Law and Economics Movement.” The paper emphasizes the politico economic costs of the the demolition of the so called deep state, which is essentially a social democratic state. One of the consequences of this form of economic advocacy is the possibility of rule by plutocracy. This will mean the destruction of the constitutional foundations of the state. The paper also underlines an important aspect of the jurisprudence of neoliberalism which is rooted in the theory that law must be done from the point of view of the bad man and be completely separated from basic morality and values. This is applied to economic theory and makes for a sharp chasm and basic human rights values. There is clearly a need for more effective forms of interest representation representing the vital importance of human capital.

  14. The role of material/energy resources and dematerialisation in economic growth theories

    Energy Technology Data Exchange (ETDEWEB)

    Ayres, R.U. [Center for the Management of Environmental Resources INSEAD, Fountainebleau (France); Van den Bergh, J.C.J.M. [Department of Spatial Economics, Free University, Amsterdam (Netherlands)

    2000-06-01

    The nature of energy and material resources in an endogenous growth theory framework is clarified. This involves three modifications of the conventional theory. Firstly, multiple feedback mechanisms or 'growth engines' are identified. Secondly, a production function distinguishes between resource use, technical efficiency and value creation. Thirdly, the impact of the cost of production through demand on growth is accounted for. A formal model is analytically solved under a condition of a constant growth rate. Given model complexity, numerical experiments are performed as well, providing relevant insights to the academic and political debates on 'environmental Kuznets curves' and 'dematerialization'. 49 refs.

  15. 'A Theory of the Allocation of Time' Turns Fifty: Its Impact on the Field of Health Economics.

    Science.gov (United States)

    Grossman, Michael

    2016-01-01

    The year 2015 is the 50th anniversary of the publication of 'A Theory of the Allocation of Time,' by Gary S. Becker in the 1965 volume of The Economic Journal. To mark that occasion, this editorial focuses on the importance of that paper in the history and evolution of the field of health economics. Copyright © 2015 John Wiley & Sons, Ltd.

  16. Differences in economic development in rural regions of advanced countries: an overview and critical analysis of theories

    NARCIS (Netherlands)

    Terluin, I.J.

    2003-01-01

    This article provides an overview and critical analysis of theories on economic development in rural regions in advanced countries. For this purpose, we have consulted literature in regional economics and the multidisciplinary field of rural studies. In order to analyse to which extent these

  17. The Development of a Distributive Interactive Computing Model in Consumer Economics, Utilizing Jerome S. Bruner's Theory of Instruction.

    Science.gov (United States)

    Morrison, James L.

    A computerized delivery system in consumer economics developed at the University of Delaware uses the PLATO system to provide a basis for analyzing consumer behavior in the marketplace. The 16 sequential lessons, part of the Consumer in the Marketplace Series (CMS), demonstrate consumer economic theory in layman's terms and are structured to focus…

  18. Extended prospect theory : Findings on choice behaviour from economics and the behavioural sciences and their relevance for travel behaviour

    NARCIS (Netherlands)

    Van de Kaa, E.J.

    2008-01-01

    In Transport Sciences different implementations of Utility Theory are commonly used for the description and prediction of human choice behaviour. Almost 30 years ago Kahneman and Tversky proposed an alternative behavioural-economic model of choice behaviour called Prospect Theory. In contrast to

  19. Mobility of human capital and its effect on regional economic development. Review of theory and empirical literature

    OpenAIRE

    Herbst, Mikolaj; Rok, Jakub

    2013-01-01

    According to economic theory, supported by rich empirical evidence, the ability of an economy to accumulate a high quality human capital is an important factor of economic growth. Since economies better endowed with human capital grow at a higher rate, the mobility of skilled individuals should have a meaningful effect on the economic perspectives of different countries and regions. In this paper we attempt to systematise the existing literature on the impact that human capital mobility ha...

  20. Historical panorama of higher teaching in accounting in Brazil - under the aegis of this normative theory

    Directory of Open Access Journals (Sweden)

    Carlos Henrique Marroni

    2013-12-01

    Full Text Available This study is characterized for being essentially a part resulting from the the construction of a research developed by the authors on scientific production in the teaching in accounting, where the title originated. It aims to present a historical panorama of higher teaching in accounting in Brazil since colonial Brazil until the implementation of the law last of Guidelines and Bases in 1996 and the Resolution 10/2004 of the CNE which publishes curriculum guidelines national of the undergraduate for courses accounting, under the aegis of this normative theory. The justification for its development is related to the degree of association between the social, cultural and economic development of society and their reflexes on teaching of accounting, and influence of normative theory about this historical panorama. For this, was drawn up a historical panorama of evolutionary steps of the in higher teaching accounting in Brazil, showing the degree of association between the development of society, accounting and education, by means of a bibliographic research. The results achieved allowed identifying that in Brazil the accounting thinking and the teaching in accounting have had a strong influence primarily from Europe and more recently these the U.S.A. Furthermore, normative theory has clearly a predominance in the formation of professionals in this area, dictating the rules for professional formation with enough profile which meets the normative impositions of the National Council of Education who throughout history has not always been a reflection of society's expectations. Therefore be to resolve 10/2004 while being a normative resolution, gives opening to a change process.

  1. "Too much medicine": Insights and explanations from economic theory and research.

    Science.gov (United States)

    Hensher, Martin; Tisdell, John; Zimitat, Craig

    2017-03-01

    Increasing attention has been paid in recent years to the problem of "too much medicine", whereby patients receive unnecessary investigations and treatments providing them with little or no benefit, but which expose them to risks of harm. Despite this phenomenon potentially constituting an inefficient use of health care resources, it has received limited direct attention from health economists. This paper considers "too much medicine" as a form of overconsumption, drawing on research from health economics, behavioural economics and ecological economics to identify possible explanations for and drivers of overconsumption. We define overconsumption of health care as a situation in which individuals consume in a way that undermines their own well-being. Extensive health economics research since the 1960s has provided clear evidence that physicians do not act as perfect agents for patients, and there are perverse incentives for them to provide unnecessary services under various circumstances. There is strong evidence of the existence of supplier-induced demand, and of the impact of various forms of financial incentives on clinical practice. The behavioural economics evidence provides rich insights on why clinical practice may depart from an "evidence-based" approach. Moreover, behavioural findings on health professionals' strategies for dealing with uncertainty, and for avoiding potential regret, provide powerful explanations of why overuse and overtreatment may frequently appear to be the "rational" choice in clinical decision-making, even when they cause harm. The ecological economics literature suggests that status or positional competition can, via the principal-agent relationship in health care, provide a further force driving overconsumption. This novel synthesis of economic perspectives suggests important scope for interdisciplinary collaboration; signals potentially important issues for health technology assessment and health technology management policies; and

  2. Mechanism design for the increase of team performance: An economic experimentusing O-Ring and Foolproof theories

    OpenAIRE

    Tanita Kiatkarun Author-Email; Komsan Suriya

    2013-01-01

    This study constructs an economic experiment following O-ring and Foolproof theories to investigate the relationship between group formation and performance. This study will evaluate whether, or not Thais favor to work in a sequential working process (O-ring theory) or in a brainstorming process (Foolproof theory). Moreover, it will figure out the optimal combination in a group and whether a good team should contain more talented persons or just a moderate person can lead a group of weak pers...

  3. Evolutionary quantum game theory in the context of socio-economic systems; Evolutionaere Quanten-Spieltheorie im Kontext sozio-oekonomischer Systeme

    Energy Technology Data Exchange (ETDEWEB)

    Hanauske, Matthias

    2011-02-14

    The evolution of socio-economic systems depend on the interdependent decision processes of its underlying system components. The mathematical model to describe the strategic decision of players within a socio-economic game is ''game theory''. ''Quantum game theory'' is a mathematical and conceptual amplification of classical game theory. The space of all conceivable decision paths is extended from the purely rational, measurable space in the Hilbert-space of complex numbers - which is the mathematical space where quantum theory is formulated. By the concept of a potential entanglement of the imaginary quantum strategy parts, it is possible to include cooperate decision path, caused by cultural or moral standards. If this strategy entanglement is large enough, then additional Nash equilibria can occur, previously present dominant strategies could become nonexistent and new evolutionary stable strategies do appear for some game classes. Within this PhD thesis the main results of classical and quantum games are summarized and all of the possible game classes of evolutionary (2 player)-(2 strategy) games are extended to quantum games. It is shown that the quantum extension of classical games with an underlying dilemma-like structure give different results, if the strength of strategic entanglement is above a certain barrier. After the German summary and the introduction paper, five different applications of the theory are discussed within the thesis. (orig.)

  4. An Assessment of Theories Underlying the Operations of the Nigerian Stock Market

    OpenAIRE

    Chris O. Udoka

    2014-01-01

    This paper aimed at determining the theories and approaches that inform the operational efficiency of the Nigerian stock market, considering the economic, financial, political and environmental factors inducing shareholder behaviour in the market. Taking a desk review of the theories, against the wealth maximization expectations of investors, the paper notes that due to imperfections in the Nigerian stock market, certain policies are clearly unsuitable in informing shareholder behaviour and c...

  5. [Mechanism of strategic management of a sanatorium-and-spa facility under current economic conditions].

    Science.gov (United States)

    Kholmogorov, N A; Fedotchenko, A A

    2010-01-01

    The existing system of management of sanatorium-and-spa facilities constitutes a major economic risk factor under current socio-economic situation. One of the most important conditions for the sustainable continuation of activities of a sanatorium-and-spa institution is its adaptability to the changing economic environment. Those health care providers are likely to have an advantage in new conditions that offer a larger scope of specialized services, simultaneously reduces their costs and prices, introduce resource-saving technologies, and stimulate motivation of the medical personnel.

  6. Joan Robinson e la teoria economica. (Joan Robinson and economic theory

    Directory of Open Access Journals (Sweden)

    A. ASIMAKOPULOS

    2013-12-01

    Full Text Available L'interesse di Joan Robinson nel problema della distribuzione del reddito e il suo disprezzo per quello che considera le teorie che hanno cercato di giustificare le distribuzioni esistenti di reddito mai segnalati . Il suo lavoro è caratterizzato da una forte inclinazione per chiari  argomenti ben ragionati che non lasciavano spazio per  sciatte abitudini  di pensiero . La portata ampia e la quantità di scritti di Robinson rendono difficile presentare una valutazione critica dei suoi contributi nel contesto anche di un documento lungo . Quella attuale si concentra sui suoi scritti in cinque aree principali : (i l'economia della concorrenza imperfetta ; ( ii la teoria del rapporto di lavoro ; ( iii la teoria di accumulazione nel lungo periodo ; ( iv il concetto di capitale e la funzione di produzione ; e ( v il problema del tempo in economia che si riflette nei suoi scritti sulla storia tema contro equilibrio .Joan Robinson’s interest in the question of the distribution of income and her disdain for what she considered to be theories that tried to justify existing distributions of income never flagged. Her work is marked by a strong inclination for clear, well reasoned arguments that left no room for sloppy habits of thought. The wide scope and quantity of Robinson’s writings make it difficult to present a critical evaluation of her contributions within the context of even a lengthy paper. The present one concentrates on her writings in five main areas: (i the economics of imperfect competition; (ii the theory of employment; (iii the theory of accumulation in the long run; (iv the concept of capital and the production function; and (v the problem of time in economics as reflected in her writings on the theme history versus equilibrium. JEL: B31, E24

  7. Keynesianism vs. Classical Economic Theory: European Refugee Crisis and the Fall of Multiculturalism

    Directory of Open Access Journals (Sweden)

    Aliaksei Igor Patonia

    2017-09-01

    Full Text Available Posing arguments against statistical evidence picturing the European Union as the key world economy, the research views the economic model of the EU through the prism of Hofstede’s cultural dimensions, explaining its lower resistance towards the global economic crisis and comparing it to China – a country with authoritarian governmental methods – that suffered to a significantly lesser extent. Based on the example of these two entities, the paper views the topic of the current refugee crisis in Europe representing it as a new crucial trial for the EU that potentially checks classical economic theory for consistency. According to the author, if found effective, in the foreseeable future it will form a sound basis for further development, if not – it will likely be replaced by the Keynesian paradigm. Thus, with the current refugee crisis in Europe, the author juxtaposes liberal economy with the state-regulated one. This is done to give hints at the importance of the crisis per se, as it is believed to be capable of shattering some of the fundamental principles of the current world order.

  8. The implementation of interest-based entrepreneurship curriculum in the Theory of Economics course

    Science.gov (United States)

    Surjanti, J.; Nugrohoseno, D.; Budiono; Musfidah, H.

    2018-01-01

    College and university are educational institutions and they should be able to design entrepreneurship program in order to strengthen creativity and innovation. Potential grown-up citizens potential is the main problem of national development solved through the role of universities by reconstructing the curriculum based on 2016 Indonesian National Curriculum Framework. The interest of building entrepreneurship becomes the work of all elements which one of them is a university. Reconstructing interest-based entrepreneurship curriculum is the first step to construct characterized economic. Economics lecturers have a responsibility to develop the curriculum. This study aimed to explore the interest in entrepreneurship used to develop the contextual learning using problem-based learning (PBL) method that refers to Universitas Negeri Surabaya’s motto “Growing with character” and integrated into 2016 Indonesian National Curriculum Framework. This study was qualitative explorative. The subjects of the study are 86 students in their first semester. The objective of the study was curriculum development interest-based entrepreneurship in the theory of economics course. The results of the study showed that the interest-based entrepreneurship curriculum was able to reach the targeted learning outcome as well as to create a product in the culinary and services project in Wonorejo mangrove forest according to students’ interests.

  9. Charges versus taxes under uncertainty: A look from investment theory

    Energy Technology Data Exchange (ETDEWEB)

    Kohlhaas, M. [DIW, Berlin (Germany)

    1996-12-31

    The search for more cost-efficient economic instruments for environmental protection has been conducted with different priorities in the USA and most European countries. Whereas in Europe there seems to prevail a preference for charges and taxes, in the USA tradeable permits are preferred. Environmental policy has to take into consideration the trade-off between price uncertainty and ecological effectiveness. In the short run and on a national level, ecological effectiveness is less important, and price uncertainty is smaller with environmental taxes. In the long run and in an international framework, environmental constraints and repercussions on world market prices of energy become more important. Since taxes are politically more accepted in Europe, it would make sense to start with an ecological tax reform, which can be transformed or integrated into a system of internationally tradeable permits gradually.

  10. Optimal execution with price impact under Cumulative Prospect Theory

    Science.gov (United States)

    Zhao, Jingdong; Zhu, Hongliang; Li, Xindan

    2018-01-01

    Optimal execution of a stock (or portfolio) has been widely studied in academia and in practice over the past decade, and minimizing transaction costs is a critical point. However, few researchers consider the psychological factors for the traders. What are traders truly concerned with - buying low in the paper accounts or buying lower compared to others? We consider the optimal trading strategies in terms of the price impact and Cumulative Prospect Theory and identify some specific properties. Our analyses indicate that a large proportion of the execution volume is distributed at both ends of the transaction time. But the trader's optimal strategies may not be implemented at the same transaction size and speed in different market environments.

  11. Theory and empiricism of shadow economy - an economic analysis example for Austria

    International Nuclear Information System (INIS)

    Kuntzer, H.-P.

    2000-09-01

    Illegally circulating streams of net output will exist as long as economic events are registered and taxed by state authorities. Since the beginning of the eighties this part of the economic process has been more and more involved in scientific and political discussions not least because of the stagnating officially registered domestic content (as a result of two oil crisis) which lead to a continually financial crisis of all social security systems in Europe. Even if the shadow economic domestic content of GDP in Austria can be seen as relatively low in comparison to international figures, the steady increase of this sector during the last few years gives rise to concerns. In order to approach the phenomenon of shadow economy and especially illegal activities in the Alpine republic this treatise gives an abstract on the state of affairs as far as theoretical researches on the shadow economy is concerned. In this connection the following influencing factors are seen as important. On the one hand the variety of costs that go with the factor work (direct and indirect taxes, social security contributions and regulating costs) and on the other hand the steadily rising offers of illegal activities as a result of decreasing working hours and increasing unemployment. Moreover this development is supported by the growing sullenness towards state authorities (hypotheses of changing values). The interplay of all these factors ends up in an increasing share value of shadow economic activities in the OECD. The effects of this circumstance are evaluated ambivalently by theory because there are negative effects (growing unemployment, low tax receipts) as well as positive effects (induced costs, better supply of consumer demands). Punitive measures to control these activities are also regarded as ineffective. In order to approach the shadow economy - especially in Austria - this treatise first deals with the different methods to measure shadow economic activities, which are all

  12. Theory into Practice: Advancing Normalization for the Child under Three

    Science.gov (United States)

    Conklin-Moore, Alyssa

    2017-01-01

    Alyssa Conklin-Moore discusses normalization in the child under three from several perspectives. She takes an extensive look at the child, including orienting parents to the Montessori environment, the child's entrance into the environment, addressing the sensitive periods, and fostering independence, contribution, and community. She reminds the…

  13. Decisionmaking under risk in invasive species management: risk management theory and applications

    Science.gov (United States)

    Shefali V. Mehta; Robert G. Haight; Frances R. Homans

    2010-01-01

    Invasive species management is closely entwined with the assessment and management of risk that arises from the inherently random nature of the invasion process. The theory and application of risk management for invasive species with an economic perspective is reviewed in this synthesis. Invasive species management can be delineated into three general categories:...

  14. The Descriptive and Predictive Adequacy of Theories of Decision Making Under Uncertainty/Ambiguity

    OpenAIRE

    John D Hey; Gianna Lotito; Anna Maffioletti

    2008-01-01

    In this paper we examine the performance of theories of decision making under uncertainty/ambiguity from the perspective of their descriptive and predictive power, taking into account the relative parsimony of the various theories. To this end, we employ an innovative experimental design which enables us to reproduce ambiguity in the laboratory in a transparent and non-probabilistic way. We find that judging theories on the basis of their theoretical appeal, or on their ability to do well in ...

  15. Applying Bayesian decision theory to assess reprocessing economic and social cost-benefits

    International Nuclear Information System (INIS)

    Heising, C.D.

    1978-01-01

    Bayesian decision theory, combined with conventional systems analysis techniques into the discipline called decision analysis, has been applied in this work to assess economic and social cost-benefits associated with reprocessing nuclear fuel. Particular attention in this paper is given to the models which have been developed to place numerical estimates in dollar terms on the three categories of social risks that have been identified with reprocessing. These categories include: (1) health, environment, and safety, (2) diversion of fissile material, including sabotage, terrorist acts, and subnational diversion, and (3) nuclear proliferation, defined to be a diversion at the national level to obtain weapons capability. The emphasis is placed on the third category, as proliferation risk has not been treated elsewhere in a quantitative fashion; most arguments have in the main been qualitative conjectures put forth by political scientists

  16. Initially curved microplates under electrostatic actuation: theory and experiment

    KAUST Repository

    Saghir, Shahid

    2016-07-01

    Microplates are the building blocks of many micro-electro-mechanical systems. It is common for them to experience initial curvature imperfection due to residual stresses caused by the micro fabrication process. Such plates are essentially different from perfectly flat ones and cannot be modeled using flat plate models. In this paper, we adopt a dynamic analog of the von Karman governing equations of imperfect plates. These equations are then used to develop a reduced order model based on the Galerkin procedure, to simulate the static and dynamic behavior of the microplate under electrostatic actuation. To validate the simulation results, an initially curved imperfect microplate made of silicon nitride is fabricated and tested. The static behaviour of the microplate is investigated when applying a DC voltage Vdc. Then, the dynamic behaviour of the microplate is examined under the application of a harmonic AC voltage, Vac, superimposed to Vdc. The simulation results show good agreement with the experimentally measured responses. © 2016 IOP Publishing Ltd.

  17. 75 FR 23214 - HIPAA Privacy Rule Accounting of Disclosures Under the Health Information Technology for Economic...

    Science.gov (United States)

    2010-05-03

    ... accounting information)? Would such an accounting feature impact system performance? ii. If not, is there a...-AB62 HIPAA Privacy Rule Accounting of Disclosures Under the Health Information Technology for Economic... Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy Rule to receive an accounting...

  18. 77 FR 14304 - Fisheries of the Exclusive Economic Zone Off Alaska; Sablefish Managed Under the Individual...

    Science.gov (United States)

    2012-03-09

    ... DEPARTMENT OF COMMERCE National Oceanic and Atmospheric Administration 50 CFR Part 679 [Docket Nos. 101126522-0640-02 and 1112113751-2102-02] RIN 0648-XB039 Fisheries of the Exclusive Economic Zone Off Alaska; Sablefish Managed Under the Individual Fishing Quota Program AGENCY: National Marine Fisheries Service (NMFS...

  19. 75 FR 11471 - Fisheries of the Exclusive Economic Zone Off Alaska; Sablefish Managed Under the Individual...

    Science.gov (United States)

    2010-03-11

    ... DEPARTMENT OF COMMERCE National Oceanic and Atmospheric Administration 50 CFR Part 679 [Docket No. 0910131362-0087-02 and 0910131363-0087-02] RIN 0648-XV03 Fisheries of the Exclusive Economic Zone Off Alaska; Sablefish Managed Under the Individual Fishing Quota Program AGENCY: National Marine Fisheries Service (NMFS...

  20. 76 FR 11161 - Fisheries of the Exclusive Economic Zone Off Alaska; Sablefish Managed Under the Individual...

    Science.gov (United States)

    2011-03-01

    ... DEPARTMENT OF COMMERCE National Oceanic and Atmospheric Administration 50 CFR Part 679 [Docket Nos. 0910131362-0087-02 and 0910131363-0087-02] RIN 0648-XA256 Fisheries of the Exclusive Economic Zone Off Alaska; Sablefish Managed Under the Individual Fishing Quota Program AGENCY: National Marine Fisheries Service (NMFS...

  1. 78 FR 16617 - Fisheries of the Exclusive Economic Zone Off Alaska; Sablefish Managed Under the Individual...

    Science.gov (United States)

    2013-03-18

    ... DEPARTMENT OF COMMERCE National Oceanic and Atmospheric Administration 50 CFR Part 679 [Docket No. 111207737-2141-02 and 1112113751-2102-02] RIN 0648-XC569 Fisheries of the Exclusive Economic Zone Off Alaska; Sablefish Managed Under the Individual Fishing Quota Program AGENCY: National Marine Fisheries Service (NMFS...

  2. Information structures in economics studies in the theory of markets with imperfect information

    CERN Document Server

    Nermuth, Manfred

    1982-01-01

    This book is intended as a contribution to the theory of markets with imperfect information. The subject being nearly limitless, only certain selected topics are discussed. These are outlined in the Introduction (Ch. 0). The remainder of the book is divided into three parts. All results of economic significance are contained in Parts II & III. Part I introduces the main tools for the analysis, in particular the concept of an information structure. Although most of the material presented in Part I is not original, it is hoped that the detailed and self-contained exposition will help the reader to understand not only the following pages, but also the existing technical and variegated literature on markets with imperfect information. The mathematical prerequisites needed, but not explained in the text rarely go beyond elementary calculus and probability theory. Whenever more advanced concepts are used, I have made an effort to give an intuitive explanation as well, so that the argument can also be followed o...

  3. J.M. Keynes and His Economic Theory: an Ethical Perspective

    Directory of Open Access Journals (Sweden)

    Stanislav N. Ivaskovsky

    2016-01-01

    Full Text Available The article examines the philosophical and moral foundations of the biggest economist and political philosopher of the 20th century John Maynard Keynes (1883-1946, who played an important role in rethinking a number of important provisions of the classical political economy and in creating the ideological and methodological basis of the "Keynesian revolution" and of the new field of economic analysis-macroeconomics. The author traces the main stages in the formation of ethical views of Keynes, shows that his interest in ethics as the system of values in society was dictated by the need for the new conceptual vision of economic realities and by the search of an answer to the main ethical question: "What should we do?". Attention is drawn to the fact that an understanding of the ethical orientation of economic theory by Keynes allowed him to take a critical stance towards traditional individualism and Victorian morality of thrift and moneymaking and to conclude that rational and "right" forms of individual behaviour are not a guarantee of the prosperity of society as a whole. To achieve the latter Keynes justified the necessity of "central control" by the State of the overall level of aggregate expenditure. It isstressed that the ethical views of Keynes correspond with the concept of the "ethic of responsibility"- a relatively new scientific discipline, which originated as a response to the risks of technogenic era: pollution, resource constraints, overpopulation, lack of stability of the world economy. The final part of the article analyzes one of the most important, from the point of view of Keynes, vices of capitalism - reckless proclivity of people to the multiplication of "abstract monetary wealth". It is shown that it doesn't only disfigure the psyche and consciousness of people, but also changes the direction of development of the market economy towards "speculative capitalism", which creates a threat to civilization, creativity, well

  4. Viability Theory

    CERN Document Server

    Aubin, Jean-Pierre; Saint-Pierre, Patrick

    2011-01-01

    Viability theory designs and develops mathematical and algorithmic methods for investigating the adaptation to viability constraints of evolutions governed by complex systems under uncertainty that are found in many domains involving living beings, from biological evolution to economics, from environmental sciences to financial markets, from control theory and robotics to cognitive sciences. It involves interdisciplinary investigations spanning fields that have traditionally developed in isolation. The purpose of this book is to present an initiation to applications of viability theory, explai

  5. The role of market power in economic growth: an analysis of the differences between EU and US competition policy theory, practice and outcomes

    Directory of Open Access Journals (Sweden)

    Stephane Ciriani

    2016-07-01

    Full Text Available The European Union has experienced weak economic performance over the past 15 years, compared to the United States. In order to restore investment, innovation, and therefore growth, the European Commission seeks to raise the level of static competition in all markets. The Commission’s economic policy is largely determined by its competition policy. This policy is derived from its doctrine on competition law, which regards the exercise of market power as a source of inefficiency and advocates that its effects should be banned. By contrast, the United States competition authorities, under the influence of the Chicago School, consider that market power is a necessary incentive to invest and a fair return on investment. Recent findings in economic growth theory, which state that increased competition intensity may harm endogenous innovation, provide a theoretical basis to support the United States approach and call for a review of European doctrine.

  6. The Rights of Private Economic Actors Under the World Trade Organization Agreements in Indonesia

    Directory of Open Access Journals (Sweden)

    Intan Soeparna

    2012-09-01

    Full Text Available Nothing in the Uruguay Round mentions directly about rights of private economic actors. It seems that the relationship to private economic actors (or may be individual does not exist within the WTO Agreements, because as a general rule, private parties are not legal subjects of the international legal order. However, this article will prevail upon this situation, by looking closer at the essence of the WTO Agreements to discern the rights of private economic actors that derive from the WTO. The main question of this article is to what extent then Indonesia is dealing with the rights of private economic actors under the WTO Agreements? The background of this questionis because four years after ratifying the WTO Agreements, Indonesia has been facing what is arguably the most serious multidimensional crisis in 1997, some difficult situations have arisen from the crisis; therefore, the society hesitated to accept the open world trading system. The society seemed look askance to the implementation of the WTO Agreements. But Indonesian Government took major step to reduce the skepticism of society toward liberalization, by readjusting its national laws conform to the WTO Agreements with the intention to support the rights of national economic actors under the WTO Agreements in order to achieve total benefits of the WTO rules.

  7. The Trends in International Migration of Human Resources under Conditions of Geo-Economic Transformations

    Directory of Open Access Journals (Sweden)

    Shymanska Kateryna V.

    2017-06-01

    Full Text Available The aim of the article is to reveal the influence of geo-economic transformations on the trends in international migration of human resources as an element of the resource potential of countries and regions. The current state of geo-economic transformations is analyzed, and their influence on the processes of international migration of human resources is revealed. The relevance of analyzing international movement of human resources, not labor ones, in building the geo-economic strategy of a country or a regional grouping is justified. The connection between the international migration of human resources and the trends in development of individual countries and regions (oil exporting countries, newly industrialized countries and least developed agrarian countries is determined, the general patterns of migration flows in these countries are described. Furthermore, the topical issues in studying international migration of human resources in the context of the directions of geo-economics identified by scientists are formulated. It is determined that the regional migration policy should contribute to maximizing the benefits of migration of human resources for the development of the region and the use of immigrants in the countries of the region as an economic resource that becomes strategically important under conditions of geo-economic transformations.

  8. Night sky luminance under clear sky conditions: Theory vs. experiment

    International Nuclear Information System (INIS)

    Kocifaj, Miroslav

    2014-01-01

    Sky glow is caused by both natural phenomena and factors of anthropogenic origin, and of the latter ground-based light sources are the most important contributors for they emit the spatially linked spectral radiant intensity distribution of artificial light sources, which are further modulated by local atmospheric optics and perceived as the diffuse light of a night sky. In other words, sky glow is closely related to a city's shape and pattern of luminaire distribution, in practical effect an almost arbitrary deployment of random orientation of heterogeneous electrical light sources. Thus the luminance gradation function measured in a suburban zone or near the edges of a city is linked to the City Pattern or vice versa. It is shown that clear sky luminance/radiance data recorded in an urban area can be used to retrieve the bulk luminous/radiant intensity distribution if some a-priori information on atmospheric aerosols is available. For instance, the single scattering albedo of aerosol particles is required under low turbidity conditions, as demonstrated on a targeted experiment in the city of Frýdek-Mistek. One of the main advantages of the retrieval method presented in this paper is that the single scattering approximation is satisfactorily accurate in characterizing the light field near the ground because the dominant contribution to the sky glow has originated from beams propagated along short optical paths. - Highlights: • Urban sky glow is interpreted in terms of city emission function. • Luminance function in a suburban zone is linked to the City Pattern. • Single scattering approximation is applicable in modeling urban sky glow. • Information on aerosols represents valuable inputs to the retrieval procedure. • Sky glow patterns vary with light source distribution and spectral emission

  9. Addressing the Impediments to the Realization and Enjoyment of Socio-Economic Rights under the ICESCR

    Directory of Open Access Journals (Sweden)

    Abiodun Odusote

    2014-12-01

    Full Text Available The realization and enjoyment of socio-economic rights is crucial to overcoming the challenges of abject poverty. These rights offer those living in poverty access to the basic and essential things that are necessary to live a dignified life. However, it is generally agreed that the protection and enjoyment of socio-economic rights is accorded less importance amongst the comity of civilized nations. Majority of governments give priority to the protection of civil and political rights to the detriment of socio-economic rights. Despite the United Nations stance on the non-hierarchical structure within human rights classifications, there is general ambivalence towards the violation of socio-economic rights by those entrusted to protect them. Though many international and regional treaties protect socio-economic rights, which instruments have been domesticated by countries; the picture appears gloomy in terms of effective realisation and protection of socio-economic rights. Their enforcements still remain a challenge for this millennium. The impediments to the realization of these rights are the focus of this paper. Through a detailed analysis of international, regional and domestic legislative framework and jurisprudence, this study provides a systematic exposition of the obstacles that impact on the ability of states to fulfil their socio-economic rights obligations under the various and diverse instruments. The impediments that are discussed in this paper include: a proliferations of human rights; corruption and inept leadership in Africa; inadequate enforcement mechanism; poor and ineffective state reports; international sanctions; wars and conflicts; globalization; debt repayment by developing countries; difficulties of monitoring compliance by State Parties and conflict of laws. In conclusion, the paper proffers a panacea and alternative models for the realization and enjoyments of socio-economic rights.

  10. An Assessment of Theories Underlying the Operations of the Nigerian Stock Market

    Directory of Open Access Journals (Sweden)

    Chris O. Udoka

    2014-07-01

    Full Text Available This paper aimed at determining the theories and approaches that inform the operational efficiency of the Nigerian stock market, considering the economic, financial, political and environmental factors inducing shareholder behaviour in the market. Taking a desk review of the theories, against the wealth maximization expectations of investors, the paper notes that due to imperfections in the Nigerian stock market, certain policies are clearly unsuitable in informing shareholder behaviour and corporate managements’ relationship with them. Due to the several factors affecting dividend policy such as legal constraints, funding needs, control issue, debt obligation, investment opportunity, inflation, shareholders expectations etc, good planning must be put in place.

  11. Modelling regional cropping patterns under scenarios of climate and socio-economic change in Hungary.

    Science.gov (United States)

    Li, Sen; Juhász-Horváth, Linda; Pintér, László; Rounsevell, Mark D A; Harrison, Paula A

    2018-05-01

    Impacts of socio-economic, political and climatic change on agricultural land systems are inherently uncertain. The role of regional and local-level actors is critical in developing effective policy responses that accommodate such uncertainty in a flexible and informed way across governance levels. This study identified potential regional challenges in arable land use systems, which may arise from climate and socio-economic change for two counties in western Hungary: Veszprém and Tolna. An empirically-grounded, agent-based model was developed from an extensive farmer household survey about local land use practices. The model was used to project future patterns of arable land use under four localised, stakeholder-driven scenarios of plausible future socio-economic and climate change. The results show strong differences in farmers' behaviour and current agricultural land use patterns between the two regions, highlighting the need to implement focused policy at the regional level. For instance, policy that encourages local food security may need to support improvements in the capacity of farmers to adapt to physical constraints in Veszprém and farmer access to social capital and environmental awareness in Tolna. It is further suggested that the two regions will experience different challenges to adaptation under possible future conditions (up to 2100). For example, Veszprém was projected to have increased fallow land under a scenario with high inequality, ineffective institutions and higher-end climate change, implying risks of land abandonment. By contrast, Tolna was projected to have a considerable decline in major cereals under a scenario assuming a de-globalising future with moderate climate change, inferring challenges to local food self-sufficiency. The study provides insight into how socio-economic and physical factors influence the selection of crop rotation plans by farmers in western Hungary and how farmer behaviour may affect future risks to agricultural

  12. Transformation of the Terminological Apparatus of Economic Development of Innovation Activity under Conditions of Dynamic Changes in the External Environment

    Directory of Open Access Journals (Sweden)

    Sharko Margarita V.

    2017-12-01

    Full Text Available The aim of the article is to analyze the content interpretation of categorical concepts of economic development of production functioning under conditions of dynamic changes in the exploitation of the external environment. The article presents the author’s interpretation of the concepts of economic development and economic growth under conditions of dynamic changes in the external environment. The urgency of unification and systematization of the main interpretations of economic growth as a means of choosing and using certain management solutions under specific production conditions is substantiated. Based on the construction of the Ishikawa diagram, the reasons and difficulties of the economic growth of enterprises are graded. The conditions and factors of the conceptual apparatus of innovation activity under uncertainty are structured. It is shown that the complex application of iterative methods and methods of factor analysis provides a holistic perception of the dominant tendencies of economic development under conditions of dynamic changes in the external environment.

  13. The Philosophy of Information as an Underlying and Unifying Theory of Information Science

    Science.gov (United States)

    Tomic, Taeda

    2010-01-01

    Introduction: Philosophical analyses of theoretical principles underlying these sub-domains reveal philosophy of information as underlying meta-theory of information science. Method: Conceptual research on the knowledge sub-domains in information science and philosophy and analysis of their mutual connection. Analysis: Similarities between…

  14. The Provenances of Economic Theory's Impact on Education: French Educational Thought at the End of the Ancien Regime

    Science.gov (United States)

    Gilead, Tal

    2011-01-01

    Today, the influence of economic thought on educational theory is evident. It seems to weaken, however, the further we travel back in history. In this article, Tal Gilead examines the historical origins of this influence. He shows that it first emerged in French educational thought during the second half of the eighteenth century. Through…

  15. The firm as a Darwin machine: How generalized Darwinism can further the development of an evolutionary theory of economic growth

    NARCIS (Netherlands)

    Stoelhorst, J.W.

    2010-01-01

    The debate on the ontological foundations of evolutionary economics has reached a stage where discussions of these foundations are increasingly leading to the conclusion that there is a need to move from considerations of the general principles of evolutionary theory to the development of concrete

  16. On Rural Financial and Accounting Work under the Background of Rapid Agricultural Economic Development

    OpenAIRE

    Tang, Yaozheng

    2013-01-01

    Under the background of rapid agricultural economic development, rural financial and accounting work is of great significance. From rural accounting management system, rural accountant allocation and rural accounting training, this paper analyzes current situations of rural accounting work in China. In rural financial and accounting work, there are following problems. (1) Accounting behavior is not standard, and basic accounting work is to be further strengthened; (2) Internal control is not ...

  17. An experimental study on cumulative prospect theory learning model of travelers’ dynamic mode choice under uncertainty

    Directory of Open Access Journals (Sweden)

    Chao Yang

    2017-06-01

    Full Text Available In this paper, we examined travelers’ dynamic mode choice behavior under travel time variability. We found travelers’ inconsistent risk attitudes through a binary mode choice experiment. Although the results deviated from the traditional utility maximization theory and could not be explained by the payoff variability effect, they could be well captured in a cumulative prospect theory (CPT framework. After considering the imperfect memory effect, we found that the prediction ability of the cumulative prospect theory learning (CPTL model could be significantly improved. The experimental results were also compared with the CPTL model and the reinforcement learning (REL model. This study empirically showed the potential of alternative theories to better capture travelers’ day-to-day mode choice behavior under uncertainty. A new definition of willingness to pay (WTP in a CPT framework was provided to explicitly consider travelers’ perceived value increases in travel time.

  18. APPLYING THE THEORY OF CONSTRAINTS TO INCREASE ECONOMIC VALUE ADDED: PART 2—IMPLEMENTATION

    Directory of Open Access Journals (Sweden)

    M. Smith

    2012-01-01

    Full Text Available

    ENGLISH ABSTRACT: This article describes a way to implement the holistic approach of the Theory of Constraints (TOC which will lead to an increase in the Economic Value Added (EVA of a business. The approach consists of two parts: the adoption of the holistic approach, and the implementation of a new company strategy. The pitfalls in implementing a holistic approach are discussed. The elements of a company strategy that is compatible with the holistic approach are described.

    AFRIKAANSE OPSOMMING: Hierdie artikel beskryf ‘n metode hoe om die holistiese benadering van die Teorie van Beperkinge (TVB te implementeer met die doel om die Ekonomiese Toegevoegde Waarde (ETW van ’n besigheid te vermeerder. Die benadering is tweeledig: die ingebruikneming van die holistiese benadering, en die implementering van ’n nuwe besigheidsstrategie. Die moontlike probleme in die implementering van die holistiese benadering word bespreek. Die elemente van ’n besigheidsstrategie wat versoenbaar is met die holistiese benadering word beskryf.

  19. Tests of the theory of work adjustment with economically distressed African Americans.

    Science.gov (United States)

    Lyons, Heather Z; Velez, Brandon L; Mehta, Mansi; Neill, Natalie

    2014-07-01

    The present study tested 2 competing, extended models of the theory of work adjustment (TWA) with a sample of 100 economically distressed working African Americans receiving services at a nonprofit community center. Model 1 depicted a mediated model consistent with postulations of the TWA's original theorists. Model 2 depicted a moderated mediation model consistent with cultural critiques of the TWA. Bivariate correlations indicated that perceptions of person-organization (P-O) fit were positively related to job satisfaction and negatively related to turnover intentions, and job satisfaction was negatively related to turnover intentions. Furthermore, perceptions of racial climate were positively related to perceptions of P-O fit and job satisfaction and negatively related to turnover intentions. Moreover, results of the path analyses indicated stronger support for Model 2, the moderated mediation model, in which the indirect link of P-O fit with turnover intentions through job satisfaction was conditional on levels of racial climate. Specifically, when racial climate was perceived as less supportive, the indirect link of P-O fit with turnover intentions was nonsignificant, but when employees reported moderate and more supportive levels of racial climates, this indirect relation was significant. Research and career counseling implications of the present study's findings for financially distressed African American employees are discussed. PsycINFO Database Record (c) 2014 APA, all rights reserved.

  20. Economic Assessment of Flood Control Facilities under Climate Uncertainty: A Case of Nakdong River, South Korea

    Directory of Open Access Journals (Sweden)

    Kyeongseok Kim

    2018-01-01

    Full Text Available Climate change contributes to enhanced flood damage that has been increasing for the last several decades. Understanding climate uncertainties improves adaptation strategies used for investment in flood control facilities. This paper proposes an investment decision framework for one flood zone to cope with future severe climate impacts. This framework can help policy-makers investigate the cost of future damage and conduct an economic assessment using real options under future climate change scenarios. The proposed methodology provides local municipalities with an adaptation strategy for flood control facilities in a flood zone. Using the proposed framework, the flood prevention facilities in the Nakdong River Basin of South Korea was selected as a case study site to analyze the economic assessment of the investments for flood control facilities. Using representative concentration pathway (RCP climate scenarios, the cost of future flood damage to 23 local municipalities was calculated, and investment strategies for adaptation were analyzed. The project option value was determined by executing an option to invest in an expansion that would adapt to floods under climate change. The results of the case study showed that the proposed flood facilities are economically feasible under both scenarios used. The framework is anticipated to present guidance for establishing investment strategies for flood control facilities of a flood zone in multiple municipalities’ settings.

  1. The opportunity-threat theory of decision-making under risk

    OpenAIRE

    Mohan Pandey

    2018-01-01

    A new theory of decision-making under risk, the Opportunity-Threat Theory is proposed. Analysis of risk into opportunity and threat components allows description of behavior as a combination of opportunity seeking and threat aversion. Expected utility is a special case of this model. The final evaluation is an integration of the impacts of opportunity and threat with this expectation. The model can account for basic results as well as several ``new paradoxes'' that refuted c...

  2. BOP theory in an emerging market economy: India under the microscope

    Directory of Open Access Journals (Sweden)

    Gouher Ahmed

    2015-07-01

    Full Text Available Poverty is a universal phenomenon which does not go well with the progressive 21st century and hence the worldwide efforts to overcome the problem. At the beginning of the 21st century (2002, the late professor C.K. Prahalad had propounded a path breaking theory of poverty alleviation called the bottom of the pyramid business theory, which is not only making MNCs investments (FDI in underdeveloped countries and promoting their growth and employment generation and increase in incomes and thereby consumption and expenditure but also producing goods and services needed by the poor households at the bottom of the economic and business pyramid. The paper is devoted to the consideration of the theory in the emerging market economy of India where poverty is a biggest problem and the situation is not found significant for the BOP business. Can there be a market solution to it?

  3. Economic and environmental effects under resource scarcity and substitution between renewable and non-renewable resources

    International Nuclear Information System (INIS)

    Silva, Susana; Soares, Isabel; Afonso, Oscar

    2013-01-01

    We build a general equilibrium model with renewable (non-polluting) and non-renewable (polluting) resources to analyze the interaction and compatibility between economic growth and a cleaner environment. The study is in two phases: (i) resource extraction/production costs are constant; (ii) resource producers invest in knowledge to reduce extraction/production costs, endogenizing technical change. With constant costs, there is a permanent trade-off between economic growth and a cleaner environment. With endogenous technical change, it is possible to harmonize more output and less emissions by replacing non-renewable resources for renewable ones. We also conduct a sensitivity analysis to explore three specific policy actions. With constant costs, the best policy action is the imposition of a higher renewable resources standard, while with endogenous technical change, under certain conditions, all policy interventions may benefit both the economy and the environment. - Highlights: ► Our general equilibrium model includes renewable and non-renewable resources. ► Under constant resource production costs emissions grow at the same rate as output. ► Resource producers can invest in knowledge to reduce production costs. ► Under decreasing costs, lower emissions are compatible with stable output growth. ► Empirical results differ under constant costs and under endogenous technical change

  4. Economic Game Theory to Model the Attenuation of Virulence of an Obligate Intracellular Bacterium.

    Science.gov (United States)

    Tago, Damian; Meyer, Damien F

    2016-01-01

    Diseases induced by obligate intracellular pathogens have a large burden on global human and animal health. Understanding the factors involved in the virulence and fitness of these pathogens contributes to the development of control strategies against these diseases. Based on biological observations, a theoretical model using game theory is proposed to explain how obligate intracellular bacteria interact with their host. The equilibrium in such a game shows that the virulence and fitness of the bacterium is host-triggered and by changing the host's defense system to which the bacterium is confronted, an evolutionary process leads to an attenuated strain. Although, the attenuation procedure has already been conducted in practice in order to develop an attenuated vaccine (e.g., with Ehrlichia ruminantium), there was a lack of understanding of the theoretical basis behind this process. Our work provides a model to better comprehend the existence of different phenotypes and some underlying evolutionary mechanisms for the virulence of obligate intracellular bacteria.

  5. 13 CFR 123.603 - What is the interest rate on an economic injury disaster loan under this subpart?

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false What is the interest rate on an... September 11, 2001 Terrorist Attacks § 123.603 What is the interest rate on an economic injury disaster loan under this subpart? Your economic injury disaster loan under this subpart will have an interest rate of...

  6. CONSIDERATIONS ON THE EVOLUTION OF ROMANIAN FOREIGN TRADE UNDER THE IMPACT OF ECONOMIC CRISIS

    Directory of Open Access Journals (Sweden)

    DOBROTĂ GABRIELA

    2011-12-01

    Full Text Available The foreign trade represent the engine of renewal of productive structures of developed countries and the essential vector for the development of newly industrialized nations as countries that can not be considered as belonging to the developing countries, mainly due to exports development. Nobody doubts the need for foreign trade and its possible beneficial effects for the economy of a country, which is supported by John Stuart Mill classical economist, who said that "openness to foreign trade ... is sometimes the effect of an industrial revolution as a country whose resources are poor" This paper analyses, on the one side, the importance of foreign trade and his evolution in 2001– 2010 period, and, on the other side, the consequences of the economic crisis on it. The period under review includes the last years of economic growth in Romania and the first years of actual economic crisis., because the global economic crisis is reflected strongly in the evolution of Romania's foreign trade, which in February 2009, has seen a veritable collapse over the same period of the previous year.

  7. EVOLUTION OF THEORIES AND EMPIRICAL MODELS OF A RELATIONSHIP BETWEEN ECONOMIC GROWTH, SCIENCE AND INNOVATIONS (PART I

    Directory of Open Access Journals (Sweden)

    Kaneva M. A.

    2017-12-01

    Full Text Available This article is a first chapter of an analytical review of existing theoretical models of a relationship between economic growth / GRP and indicators of scientific development and innovation activities, as well as empirical approaches to testing this relationship. Aim of the paper is a systematization of existing approaches to modeling of economic growth geared by science and innovations. The novelty of the current review lies in the authors’ criteria of interconnectedness of theoretical and empirical studies in the systematization of a wide range of publications presented in a final table-scheme. In the first part of the article the authors discuss evolution of theoretical approaches, while the second chapter presents a time gap between theories and their empirical verification caused by the level of development of quantitative instruments such as econometric models. The results of this study can be used by researchers and graduate students for familiarization with current scientific approaches that manifest progress from theory to empirical verification of a relationship «economic growth-innovations» for improvement of different types of models in spatial econometrics. To apply these models to management practices the presented review could be supplemented with new criteria for classification of knowledge production functions and other theories about effect of science on economic growth.

  8. An Application of the Harmonic Oscillator Model to Verify Dunning’s Theory of the Economic Growth

    Directory of Open Access Journals (Sweden)

    Marcin Salamaga

    2013-09-01

    Full Text Available Analogies with mechanisms ruling the natural world have oft en been sought in the course of economic phenomena.Th is paper is also an attempt to combine the physical phenomenon of a harmonious oscillator withthe theory of economic growth by J. H. Dunning (1981. In his theory, Dunning distinguished stages of economicgrowth of countries that imply the dependency between the investment position of countries and theirGDP per capita, while the graph presenting this dependency reminds a trajectory of oscillating motion of adamped harmonic oscillator. Th is analogy has given inspiration to reinterpret the theory of economy on thegrounds of the mechanism of a physical model. In this paper, the harmonious oscillator motion equation wasadapted to the description of dependencies shown in the theory of economic growth by J. H. Dunning. Th emathematical solution of this equation is properly parameterised and parameters are estimated with the useof the Gauss-Newton algorithm. Th e main objective of this paper is to allocate a specifi c stage in the economicgrowth to each country on the basis of the values of parameter estimations of the proposed cyclical models ofchanges in the net investment indicator.

  9. Outsourcing and benchmarking in a rural public hospital: does economic theory provide the complete answer?

    Science.gov (United States)

    Young, S H

    2003-01-01

    The ideology and pronouncements of the Australian Government in introducing 'competitive neutrality' to the public sector has improved efficiency and resource usage. In the health sector, the Human Services Department directed that non-clinical and clinical areas be market tested through benchmarking services against the private sector, with the possibility of outsourcing. These services included car parking, computing, laundry, engineering, cleaning, catering, medical imaging (radiology), pathology, pharmacy, allied health and general practice. Managers, when they choose between outsourcing, and internal servicing and production, would thus ideally base their decision on economic principles. Williamson's transaction cost theory studies the governance mechanisms that can be used to achieve economic efficiency and proposes that the optimal organisation structure is that which minimises transaction costs or the costs of exchange. Williamson proposes that four variables will affect such costs, namely: (i) frequency of exchange; (ii) asset specificity; (iii) environmental uncertainty; and (iv) threat of opportunism. This paper provides evidence from a rural public hospital and examines whether Williamson's transaction cost theory is applicable. Case study research operates within the interpretivism paradigm and is used in this research to uncover why the outsourcing decision was made. Such research aims to study real-life experiences by examining the way people think and act and, in contrast to positivism, allows the interviewer to participate to better understand the details and features of the experiences. In the present research, individual interviews were conducted with managers of the hospital and owners and staff of the vendor organisations using semi- and unstructured questions to ascertain the extent of, and processes used in, outsourcing specific functional areas, and areas that were not outsourced. Pathology, radiology, dental technician services and lawn

  10. Theory and methodology of social, political and economic processes risks determining in different countries of the world

    Directory of Open Access Journals (Sweden)

    Yashina Nadezhda, I.

    2015-06-01

    Full Text Available The study deals with the problems of the theory and methodology of social, political and economic processes risks in different countries with relative indicators of the socio-economic development level, as well as the size and condition of the public debt. Developed by the authors the methodology of determining the risks of social, political and economic processes of public policy around the world revealed close relationship between socio-economic situation of the countries and their public debt. Within the framework of this methodology two groups of factors characterizing the socio-political and economic processes in the country are being developed. After that each exponent and indicator are being processed, using expert procedures. Maximum statutory values for tentatively referenced countries with effective and ineffective government policies are identified. Then standardization (specification and definition of integral (generalized indexes of socio-political and economic processes in the country are taking place. After that the ranking of countries by aggregated standardized ratio is arranged, taking into account the significance of the developed indicators. The final phase of implementation methodology is identifying risks of social, political and economic processes of public policy around the world. This is the ranking of countries by ratio of stability in public policy (stability of economic and socio-political processes in the country. As the result of implementation methodology the following output was received: what really makes a difference is not the amount of the country's debt, but how effectively it manages this debt, whether it has a goal to improve social and economic indicators. Practical testing methodology has proven that studied indicators fully characterize the development of the countries, their political, social and economic situation on the world stage.

  11. Economic viability and rotation of forestry plantations of candeia (Eremanthus erythropappus, under conditions of risk

    Directory of Open Access Journals (Sweden)

    Carolina Souza Jarochinski e Silva

    2014-03-01

    Full Text Available The general objective of this paper was studying the economic feasibility and determining the economic rotation of candeia planting at various spacings under risky conditions. The study was conducted from an experimental planting of candeia consisting of four spacings (1.5 x 1.5 m, 1.5 x 2.0 m, 1.5 x 2.5 m and 1.5 x 3.0 m for which the cash flows related to the different cutting ages were obtained. For the risk analysis the Monte Carlo method was used, its having the Equivalent Annual Value (EAV as the output variable (output and as input variables (sources of uncertainty the probability distributions concerning the price of the seedlings, land and wood, the harvest cost, interest rates and timber production. The simulation constituted in the doing of 50,000 iterations from where the information necessary to the analyses was extracted. It was concluded that the 1.5 x 3.0 m spacing was the most economically viable and presented a lower risk level than the other spacings. The economic rotation was 12, 13, 13 and 15 years for the spacings 1.5 x 3.0 m, 1.5 x 2.5 m, 1.5 x 2.0m and 1.5 x 1.5m, respectively. Information obtained about the economic risks involved in planting candle serve as a tool to aid in making decisions regarding new plantings of this species and also as a basis for future experiments with the same, seeking to improve its culture.

  12. China's energy consumption under the global economic crisis: Decomposition and sectoral analysis

    International Nuclear Information System (INIS)

    Li, Fangyi; Song, Zhouying; Liu, Weidong

    2014-01-01

    It is now widely recognized that there is a strong relationship between energy consumption and economic growth. Most countries′ energy demands declined during the economic depression of 2008–2009 when a worldwide economic crisis occurred. As an export-oriented economy, China suffered a serious exports decline in the course of the crisis. However, it was found that energy consumption continued to increase. Against such a background, this paper aims to assess and explain the factors causing the growth of energy consumption in China. First, we will explain the impact of domestic final use and international trade on energy consumption by using decomposition analysis. Second, embodied energy and its variation across sectors are quantified to identify the key sectors contributing to the growth. Lastly, the policy implications for long-term energy conservation are discussed. The results show that the decline in exports was one of the driving forces for energy consumption reduction in the crisis, but that the growth of domestic demand in manufacturing and construction, largely stimulated by economic stimulus plans, had the opposite effect on energy consumption. International trade contributed to decreasing energy consumption of China during and after the crisis because the structure of exports and imports changed in this period. - Highlights: • We analyze the reasons for China's energy consumption change under the global economic crisis during 2007–2010. • Domestic final use growth, especially in construction and manufacturing of machinery and equipment, resulted in energy consumption increase. • International trade is identified as a driver of energy consumption reduction during and after the crisis. • Increasing China's share of consumption or reducing its share of investment in the GDP can reduce national energy intensity

  13. [Zhu Lian's cognition on theory and method of acupuncture and moxibustion under background of western medicine].

    Science.gov (United States)

    Li, Su-yun; Zhang, Li-jian; Liu, Bing

    2014-11-01

    With new acupuncture and moxibustion as the study object, based on the basic composition of acupuncture-moxibustion theory, from 3 aspects of meridian-acupoint theory, acupuncture-moxibustion method theory and acupuncture-moxibustion treatment theory, under the background of western medicine, ZHU Lian's different opinions on theory and method of acupuncture and moxibustion were discussed. It was believed by ZHU Lian that the distribution of 14-meridians was approximately identical to that of nerves, so with modern neuroanatomy knowledge to understand the meaning of acupoint; the acupuncture function could be explained from the angle of neurophysiology. Clinical diagnosis and treatment method could be established by modern classification methods of diseases. ZHU Lian's cognition that was different from traditional theory and method of acupuncture and moxibustion was combined with updated physiology and anatomy knowledge at that time, and was involved with Pavlov's advanced nerve theory, so she firstly put forward the opinion that acupuncture therapy can't work without the involvement of cerebral cortex.

  14. APPLICATION OF EXTREME VALUE OF CHOQUE INTEGRAL IN DECIDING IN THE ECONOMIC THEORY OF THE ACTIVE CONNECT

    Directory of Open Access Journals (Sweden)

    O. V. Lavrichenko

    2014-01-01

    Full Text Available Author is considered the basics of the economic theory of the active connect as well as the necessit y of reducing the action of anthropogenic factors on the effectiveness of additive models and decision-making algorithms is provided. The study analyzed the necessit y economic valuation of theanthropogenic successions within the concept of a balanced distribution of the industrial enterprises innovative resources. In article is considered that the existing approaches to the problem of optimizing Choque integral and its application in decision-making to address the disparit y in the distribution of innovative resources bet ween objects of innovation

  15. Decision-making model of generation technology under uncertainty based on real option theory

    International Nuclear Information System (INIS)

    Ming, Zeng; Ping, Zhang; Shunkun, Yu; Ge, Zhang

    2016-01-01

    Highlights: • A decision-making model of generation technology investment is proposed. • The irreversible investment concept and real option theory is introduced. • Practical data was used to prove the validity of the model. • Impact of electricity and fuel price fluctuation on investment was analyzed. - Abstract: The introduction of market competition and the increased uncertainty factors makes the generators have to decide not only on whether to invest generation capacity or not but also on what kind of generation technology to choose. In this paper, a decision-making model of generation technology investment is proposed. The irreversible investment concept and real option theory is introduced as the fundamental of the model. In order to explain the decision-making process of generator’s investment, the decision-making optimization model was built considering two generation technologies, i.e., the heat-only system and the combined heat and power generation. Also, we discussed the theory deducing process, which explained how to eliminate the overrated economic potential caused by risk hazard, based on economic evaluation of both generation technologies. Finally, practical data from electricity market of Inner Mongolia was used to prove the validity of the model and the impact of uncertainties of electricity and fuel price fluctuation on investment was analyzed according to the simulated results.

  16. Demography and the statistics of lifetime economic transfers under individual stochasticity

    Directory of Open Access Journals (Sweden)

    Hal Caswell

    2015-02-01

    Full Text Available Background: As individuals progress through the life cycle, they receive income and consume goods and services. The age schedules of labor income, consumption, and life cycle deficit reflect the economic roles played at different ages. Lifetime accumulation of economic variables has been less well studied, and our goal here is to rectify that. Objective: To derive and apply a method to compute the lifetime accumulated labor income, consumption, and life cycle deficit, and to go beyond the calculation of mean lifetime accumulation to calculate statistics of variability among individuals in lifetime accumulation. Methods: To quantify variation among individuals, we calculate the mean, standard deviation, coefficient of variation, and skewness of lifetime accumulated transfers, using the theory of Markov chains with rewards (Caswell 2011, applied to National Transfer Account data for Germany of 1978, and 2003. Results: The age patterns of lifetime accumulated labor income are relatively stable over time. Both the mean and the standard deviation of remaining lifetime labor income decline with age; the coefficient of variation, measuring variation relative to the mean, increases dramatically with age. The skewness becomes large and positive at older ages. Education level affects all the statistics. About 30Š of the variance in lifetime income is due to variance in age-specific income, and about 70Š is contributed by the mortality schedule. Lifetime consumption is less variable (as measured by the CV than lifetime labor income. Conclusions: We conclude that demographic Markov chains with rewards can add a potentially valuable perspective to studies of the economic lifecycle. The variation among individuals in lifetime accumulations in our results reflects individual stochasticity, not heterogeneity among individuals. Incorporating heterogeneity remains an important problem.

  17. Biodiversity conservation, ecosystem functioning, and economic incentives under cocoa agroforestry intensification.

    Science.gov (United States)

    Bisseleua, D H B; Missoup, A D; Vidal, S

    2009-10-01

    World chocolate demand is expected to more than double by 2050. Decisions about how to meet this challenge will have profound effects on tropical rainforests and wild species in cocoa-producing countries. Cocoa, "the chocolate tree," is traditionally produced under a diverse and dense canopy of shade trees that provide habitat for a high diversity of organisms. The current trend to reduce or eliminate shade cover raises concerns about the potential loss of biodiversity. Nevertheless, few studies have assessed the ecological consequences and economic trade-offs under different management options in cocoa plantations. Here we describe the relationships between ant ecology (species richness, community composition, and abundance) and vegetation structure, ecosystem functions, and economic profitability under different land-use management systems in 17 traditional cocoa forest gardens in southern Cameroon. We calculated an index of profitability, based on the net annual income per hectare. We found significant differences associated with the different land-use management systems for species richness and abundance of ants and species richness and density of trees. Ant species richness was significantly higher in floristically and structurally diverse, low-intensity, old cocoa systems than in intensive young systems. Ant species richness was significantly related to tree species richness and density. We found no clear relationship between profitability and biodiversity. Nevertheless, we suggest that improving the income and livelihood of smallholder cocoa farmers will require economic incentives to discourage further intensification and ecologically detrimental loss of shade cover. Certification programs for shade-grown cocoa may provide socioeconomic incentives to slow intensification.

  18. Foundational Concepts and Underlying Theories for Majors in "Biochemistry and Molecular Biology"

    Science.gov (United States)

    Tansey, John T.; Baird, Teaster, Jr.; Cox, Michael M.; Fox, Kristin M.; Knight, Jennifer; Sears, Duane; Bell, Ellis

    2013-01-01

    Over the past two years, through an NSF RCN UBE grant, the ASBMB has held regional workshops for faculty members and science educators from around the country that focused on identifying: 1) core principles of biochemistry and molecular biology, 2) essential concepts and underlying theories from physics, chemistry, and mathematics, and 3)…

  19. Economics vis-à-vis Politics of Venezuela under the Chavez Regime 1998-2012

    Directory of Open Access Journals (Sweden)

    Ramesh Chandra Das

    2016-01-01

    Full Text Available In today’s world most of the countries are following the market rule to determine their economic determinants with some to follow the mixed role of the government. There are a very few countries or states that are following the socialistic nature of development. One such country is Venezuela which has a long history of socialism and the degree of socialism got magnified under the regime of Hugo Chavez. The last election result in favour of Chavez has put some questions before the economists and politicians regarding its grounds. The present study has been framed in line with examining whether the role of economic factors have done the trick for Chavez to regain the presidential power. The study for the period of 1998-2010 has observed that the country has suffered in major economic factors compared to two Latin heroes Brazil and Argentina, albeit he has won the election. The study further observed that there are certain political grounds that played role for the favourable verdict.

  20. Neurocognitive Mechanisms Underlying Value-Based Decision-Making: From Core Values to Economic Value

    Directory of Open Access Journals (Sweden)

    Tobias eBrosch

    2013-07-01

    Full Text Available Value plays a central role in practically every aspect of human life that requires a decision: whether we choose between different consumer goods, whether we decide which person we marry or which political candidate gets our vote, we choose the option that has more value to us. Over the last decade, neuroeconomic research has mapped the neural substrates of economic value, revealing that activation in brain regions such as ventromedial prefrontal cortex (VMPFC, ventral striatum or posterior cingulate cortex reflects how much an individual values an option and which of several options he/she will choose. However, while great progress has been made exploring the mechanisms underlying concrete decisions, neuroeconomic research has been less concerned with the questions of why people value what they value, and why different people value different things. Social psychologists and sociologists have long been interested in core values, motivational constructs that are intrinsically linked to the self-schema and are used to guide actions and decisions across different situations and different time points. Core value may thus be an important determinant of individual differences in economic value computation and decision-making. Based on a review of recent neuroimaging studies investigating the neural representation of core values and their interactions with neural systems representing economic value, we outline a common framework that integrates the core value concept and neuroeconomic research on value-based decision-making.

  1. Neurocognitive mechanisms underlying value-based decision-making: from core values to economic value

    Science.gov (United States)

    Brosch, Tobias; Sander, David

    2013-01-01

    Value plays a central role in practically every aspect of human life that requires a decision: whether we choose between different consumer goods, whether we decide which person we marry or which political candidate gets our vote, we choose the option that has more value to us. Over the last decade, neuroeconomic research has mapped the neural substrates of economic value, revealing that activation in brain regions such as ventromedial prefrontal cortex (VMPFC), ventral striatum or posterior cingulate cortex reflects how much an individual values an option and which of several options he/she will choose. However, while great progress has been made exploring the mechanisms underlying concrete decisions, neuroeconomic research has been less concerned with the questions of why people value what they value, and why different people value different things. Social psychologists and sociologists have long been interested in core values, motivational constructs that are intrinsically linked to the self-schema and are used to guide actions and decisions across different situations and different time points. Core value may thus be an important determinant of individual differences in economic value computation and decision-making. Based on a review of recent neuroimaging studies investigating the neural representation of core values and their interactions with neural systems representing economic value, we outline a common framework that integrates the core value concept and neuroeconomic research on value-based decision-making. PMID:23898252

  2. Principles, Economic and Institutional Prerequisites for Fiscal Decentralization under Conditions of Post-Conflict Reconstruction

    Directory of Open Access Journals (Sweden)

    Vishnevsky Valentine P.

    2016-11-01

    Full Text Available The aim of the article is to study principles, economic and institutional prerequisites for fiscal decentralization on post-conflict territories. It is determined that fiscal decentralization is one of the main ways to solve problems of post-conflict areas. There justified principles, economic and institutional prerequisites of fiscal decentralization on post-conflict territories with regard to the specificity of individual spheres of fiscal relations. Moreover, different spheres of fiscal relations require different approaches: the sphere of public revenues — providing economic efficiency with the formation of the tax structure contributing to the expansion of the tax base; the sphere of public spending — ensuring social justice and transparency in allocation of social cost at the local level; the sphere of subsidies — narrowing the scope of application of intergovernmental transfers with organizing the redistribution of financial resources under the principle of «center - post-conflict regions - post-conflict recipients»; the sphere of external assistance — ensuring proper coordination for cultivation of new co-operative institutions.

  3. Schumpeter: Theorist of the Avant-Garde : The embrace of the new in Schumpeter’s original theory of economic development

    NARCIS (Netherlands)

    E. Dekker (Erwin)

    2017-01-01

    textabstractThis paper argues that Schumpeter’s 1911 edition of ‘Theory of Economic Development’ can be fruitfully read as a theory of the avant-garde, in line with such theories developed by artistic avant-garde around the same time, in particular by the Italian Futurists. In particular it will

  4. Assessing economic impact of storm surge under projected sea level rise scenarios

    Science.gov (United States)

    Del Angel, D. C.; Yoskowitz, D.

    2017-12-01

    Global sea level is expected to rise 0.2-2m by the year 2100. Rising sea level is expected to have a number of impacts such as erosion, saltwater intrusion, and decline in coastal wetlands; all which have direct and indirect socio-economic impact to coastal communities. By 2050, 25% of the world's population will reside within flood-prone areas. These statistics raise a concern for the economic cost that sea level and flooding has on the growing coastal communities. Economic cost of storm surge inundation and rising seas may include loss or damage to public facilities and infrastructure that may become temporarily inaccessible, as well as disruptions to business and services. This goal of this project is to assess economic impacts of storms under four SLR scenarios including low, intermediate-low, intermediate-high, and high (0.2m, 0.5m, 1.2m and 2m, respectively) in the Northern Gulf of Mexico region. To assess flooding impact on communities from storm surge, this project utilizes HAZUS-MH software - a Geographic Information System (GIS)-based modeling tool developed by the Federal Emergency Management Agency - to estimate physical, economic, and social impacts of natural disasters such as floods, earthquakes and hurricanes. The HAZUS database comes integrated with aggregate and site specific inventory which includes: demographic data, general building stock, agricultural statistics, vehicle inventory, essential facilities, transportation systems, utility systems (among other sensitive facilities). User-defined inundation scenarios will serve to identify assets at risk and damage estimates will be generated using the Depth Damage Function included in the HAZUS software. Results will focus on 3 communities in the Gulf and highlight changes in storm flood impact. This approach not only provides a method for economic impact assessment but also begins to create a link between ecosystem services and natural and nature-based features such as wetlands, beaches and dunes

  5. A capability theory of the firm: an economics and (Strategic) management perspective

    OpenAIRE

    Teece, DJ

    2017-01-01

    © 2017 New Zealand Association of Economists Incorporated The business enterprise is the prime institution in economic development and growth; yet, until recently, mainstream economics has mostly treated firms as homogeneous black boxes managed by untrustworthy agents. Using economic principles, the field of strategic management has developed a nuanced approach to understanding how firms are created, organized, and grow; how they innovate and compete; and how managers manage. That approach ha...

  6. Planificarea economică sub monarhia autoritară din România (The economic planning under authoritarian monarchy of Romania

    Directory of Open Access Journals (Sweden)

    Florin GRECU

    2016-06-01

    Full Text Available The article analyzes the economic planning institution under authoritarian monarchy of Romania, 1938-1940. The Superior Economic Council, populated by specialists, had the main responsibilities of planning and economic control. The Superior Economic Council composition will be found in the structures of the National Renaissance Front as well as in the composition of the corporatist Parliament. The appointment of the Members of the The Superior Economic Council by royal decree has highlighted the monarch’s desire to have a personal institution, which would be composed of all the important representatives of the Economy, Industry and Finances. The Super Ministry, Ministry of National Economy, headed by Mitiţă Constantinescu, have the task of guidance, coordination and encouragement of the progress for the productive forces distribution of production, direction and supervision of importation, and preparation of economic laws. By the Decree of October 1939, the Ministry of National Economy may could decide the syndicalization of all enterprises, from a specific industrial branch, setting concrete tasks of production and selling of goods. The Superior Economic Council was established to coordinate the corporate economy through policies of planism and economic nationalization, but the corporate institutution of the Romanian authoritative state was the guild

  7. Spreading of intolerance under economic stress: Results from a reputation-based model

    Science.gov (United States)

    Martinez-Vaquero, Luis A.; Cuesta, José A.

    2014-08-01

    When a population is engaged in successive prisoner's dilemmas, indirect reciprocity through reputation fosters cooperation through the emergence of moral and action rules. A simplified model has recently been proposed where individuals choose between helping others or not and are judged good or bad for it by the rest of the population. The reputation so acquired will condition future actions. In this model, eight strategies (referred to as "leading eight") enforce a high level of cooperation, generate high payoffs, and are therefore resistant to invasions by other strategies. Here we show that, by assigning each individual one of two labels that peers can distinguish (e.g., political ideas, religion, and skin color) and allowing moral and action rules to depend on the label, intolerant behaviors can emerge within minorities under sufficient economic stress. We analyze the sets of conditions where this can happen and also discuss the circumstances under which tolerance can be restored. Our results agree with empirical observations that correlate intolerance and economic stress and predict a correlation between the degree of tolerance of a population and its composition and ethical stance.

  8. State Policy of Stimulation of Industrial Competitiveness under Conditions of Economic Integration

    Directory of Open Access Journals (Sweden)

    Kovalchuk Viacheslav H.

    2014-03-01

    Full Text Available The article is devoted to problems of state regulatory policy of stimulation of economic growth, increase of efficiency of activity of industrial branches of the country. It considers examples of foreign experience in the part of state support of domestic manufacturers. It shows possible variants of integration of co-operation between CIS countries on the basis of specialisation, co-operation and joint activity for achieving economic growth of economies. It demonstrates an automated system of mass servicing of customers, which is offered to be used in the structure of associations of trade enterprises. It offers ways of achievement of competitive advantages of domestic enterprises under conditions of globalisation by means of introduction of clusters of the consumer market enterprises. The article reveals their shortcomings and possibilities of development in the territory of Ukraine under conditions of limited financial resources. It acknowledges that measures of the fiscal policy should be directed, first of all, at support of creation of associations of medium enterprises of the light and other branches of industry and agriculture, which have development potential. It identifies main elements of creation of state programmes of support and development of the cluster form of organisation of the light and other branches of industry, agriculture and trade.

  9. Leisure of the theory class. [Relationship of socio-economic status and espousals on energy or the economy

    Energy Technology Data Exchange (ETDEWEB)

    Laney, R.V.

    1978-05-11

    The energy debate is evolving into discussions of how to select options capable of meeting long-range social goals and how to apply the appropriate weight to the various perceptions that underlie individual opinions. The causal relationships linking personal status and attitudes is examined to see if there is a correlation between economic well-being and enthusiasm for a no-growth economy. The affluent U.S. college-educated, primarily concerned with self-actualization, show an inversion of Maslow's hierarchy of needs compared to people in developing countries. They are also in a position to express and promote theories for no-risk technology. The author suggests that these theorists be required to submit the same detailed support for their theories as is required for new energy facilities. The theory class is noted for acting upon faith rather than evidence; for ideas rather than workable plans.

  10. Applied welfare economics with discrete choice models: implications of theory for empirical specification

    DEFF Research Database (Denmark)

    Batley, Richard; Ibáñez Rivas, Juan Nicolás

    2013-01-01

    in economics. Whilst some researchers were quick to see its practical potential (e.g. McFadden, 1968, 1975), it was not until the late 1970s and early 1980s that RUM was equipped with a reasonably comprehensive theoretical rationale in terms of the economics of consumption. An important tenet of this rationale...

  11. Development of Socio-Economic Potential of Russia: Theory and Practice

    Directory of Open Access Journals (Sweden)

    Oleg Sergeyevich Sukharev

    2016-03-01

    Full Text Available The question of assessing and using the socio-economic potential of Russia is considered within the fundamental monograph prepared on the basis of the Institute of Economics of the Ural Branch of the Russian Academy of Sciences. The main achievements of the large research of the problem of the Russian socio-economic potential conducted by a group of authors with the definition of the most rational and important suggestions for the prospects of the Russian economy are allocated. Certain critical comments are noted, and the author’s position is specified concerning the policy of the new industrialization and innovative development within the modern scientific polemic about the subject and tools of economic policy, and also the need of ensuring it by the system efficiency. The main achievement of the presented teamwork of the scientists of the Ural economic school is the development of a methodological framework and hardware (techniques, models of the diagnostics of the socio-economic potential of the economic system of any level of complexity (despite the main specialization of this school on the regional research and measuring base. These achievements will give the chance of more exact identification of a condition of the system and definition of the direction of its movement, which will make it possible to affect the mode of this dynamics by the economic policy of regional and federal level.

  12. Test of Achievement in Quantitative Economics for Secondary Schools: Construction and Validation Using Item Response Theory

    Science.gov (United States)

    Eleje, Lydia I.; Esomonu, Nkechi P. M.

    2018-01-01

    A Test to measure achievement in quantitative economics among secondary school students was developed and validated in this study. The test is made up 20 multiple choice test items constructed based on quantitative economics sub-skills. Six research questions guided the study. Preliminary validation was done by two experienced teachers in…

  13. Time to Reject the Privileging of Economic Theory over Empirical Evidence? A Reply to Lawson (2009)

    DEFF Research Database (Denmark)

    Juselius, Katarina

    features of the data. Furthermore, I argue that a strong empirical methodology that allows data to speak freely about economic mechanisms, such as the CVAR, would ensure that important information in the data is not over heard when needed. Adequately applied such models would provide us with an early......The present financial and economic crisis has revealed a systemic failure of academic economics and emphasized the need to re-think how to model economic phenomena. Lawson (2009) seems concerned that critics of standard models now will fill academic journals with contributions that make the same...... methodological mistakes, albeit in slightly different guise.  In particular, he is rather sceptical to use of mathematical statistical models, such as the CVAR approach, as a way of learning about economic mechanisms. In this paper I discuss whether this is a relevant claim and argue that it is likely...

  14. Time to reject the privileging of economic theory over empirical evidence? A reply to Lawson

    DEFF Research Database (Denmark)

    Juselius, Katarina

    2011-01-01

    these strong features of the data. Furthermore, I argue that a strong empirical methodology that allows data to speak freely about economic mechanisms, such as the CVAR, would ensure that important signals in the data are not silenced by prior restrictions. Adequately applied such models would provide us......The present financial and economic crisis has revealed a systemic failure of academic economics and emphasised the need to re-think how to model economic phenomena. Tony Lawson seems concerned that critics of standard models now will fill academic journals with contributions that make the same...... methodological mistakes, albeit in a slightly different guise. In particular, he is rather sceptical of the usefulness of mathematical statistical models, such as the Cointegrated VAR model, as a way of learning about economic mechanisms. In this paper I discuss whether this is a relevant claim and argue...

  15. Mathematical-statistical models and qualitative theories for economic and social sciences

    CERN Document Server

    Maturo, Fabrizio; Kacprzyk, Janusz

    2017-01-01

    This book presents a broad spectrum of problems related to statistics, mathematics, teaching, social science, and economics as well as a range of tools and techniques that can be used to solve these problems. It is the result of a scientific collaboration between experts in the field of economic and social systems from the University of Defence in Brno (Czech Republic), G. d’Annunzio University of Chieti-Pescara (Italy), Pablo de Olavid eUniversity of Sevilla (Spain), and Ovidius University in Constanţa, (Romania). The studies included were selected using a peer-review process and reflect heterogeneity and complexity of economic and social phenomena. They and present interesting empirical research from around the globe and from several research fields, such as statistics, decision making, mathematics, complexity, psychology, sociology and economics. The volume is divided into two parts. The first part, “Recent trends in mathematical and statistical models for economic and social sciences”, collects pap...

  16. Economic burden of a nuclear force: no data in search of a theory

    International Nuclear Information System (INIS)

    Rochlin, G.I.

    1983-01-01

    A country which decides to develop a militarily significant nuclear force after conducting an acknowledged test of a nuclear explosive device must progress up a series of costs. This chapter examines cases in which the economic costs of moving from one force level to the next are sufficient to limit the rate of growth of capability. It finds that when economic barriers are severe, there seems to be some economic strategies for managing in terms of limiting force improvement through the manipulation of economic factors. These economic levers sometimes go against the grain of traditional politico-military approaches. In all cases, it is necessary to consider whether the overall and long-term effects of the levers applied to a specific country strengthen or weaken the overall strategy, which is to limit and restrain the proliferation of nuclear weapons in general and not just in specific cases. 16 references, 5 figures, 3 tables

  17. The Economic Theory of Patent Protection and Pandemic Influenza Vaccines: Do Patents Really Incentivize Innovation in the Field?

    Science.gov (United States)

    Eccleston-Turner, Mark

    2016-05-01

    The creation of new vaccines is one of the key challenges in the battle against global infectious diseases. Therefore, creating the optimal conditions for innovation in vaccines is one of the most important roles law may undertake in this battle. In relation to pharmaceuticals, the economic theory of patent protection is commonly cited by industry and in the academic literature to justify the patenting of life-saving medicines and vaccines. The economic theory of patent protection holds that innovation occurs due to patents protecting the research and development investment made by the innovator. Proponents of this theory claim that without patents such innovation in medicines and vaccines would occur at a significantly reduced rate. This Article considers the applicability of the economic theory of patent protection to pandemic influenza vaccines. This Article examines a number of factors relevant to patent law, theory, and innovation including: the patent landscape for pandemic influenza vaccines; the market dominance enjoyed by manufacturers; the actual risk posed by imitators making generic vaccines if patent protection were not in place; and, the licensing and regulatory provisions for creating generic vaccines. According to the economic theory of patent protection, a patent incentivizes innovation by providing an innovator with a temporary monopoly regarding their innovation, and by protecting them from the threat posed by imitators who wish to make a cheap replica of the product. However, even without a patent, pandemic influenza vaccine manufacturers are in this position. Due to economies of scale and the complicated regulatory and licensing frameworks relevant to bringing a pandemic influenza vaccine to market, manufacturers are at little to no risk from generic imitators. Moreover, there is a very strong incentive to innovate because pandemic influenza vaccine manufacturers are selling a product for which demand exceeds supply to a captive market of

  18. Algunas aplicaciones de la Teoría de Lie a la Economía y las Finanzas = Some Applications of Lie Theory to Economics and Finance

    Directory of Open Access Journals (Sweden)

    Hernández Fernández, Isabel

    2008-01-01

    Full Text Available En este artículo, los autores pretenden mostrar y explicar cómo la Teoría de Lie se puede aplicar a la resolución de algunos problemas relativos a la Economía y a las Finanzas. Concretamente, se realiza un análisis de dos de esos problemas y se discuten tanto sus aspectos matemáticos como el acercamiento hecho desde la Teoría de Lie para su resolución. Igualmente, se indican los avances más recientes existentes en esta línea de investigación, mencionando también algunos problemas abiertos que pueden ser tratados en futuros trabajos. = This paper shows and explains two problems in Economics and Finance, both dealt with a Lie Theory approach. So, mathematical aspects for these approaches are put forward and discussed in several economic problems which have been previously considered in the literature. Besides, some advances on this topic are also shown, mentioning some open problems for future research.

  19. Impact of economic fluctuations on suicide mortality in Canada (1926-2008): Testing the Durkheim, Ginsberg, and Henry and Short theories.

    Science.gov (United States)

    Thibodeau, Lise; Lachaud, James

    2016-01-01

    Three theories have been proposed to explain the relationship between suicide and economic fluctuations, including the Durkheim (nonlinear), Ginsberg (procyclical), and Henry and Short (countercyclical) theories. This study tested the effect of economic fluctuations, measured by unemployment rate, on suicide rates in Canada from 1926 to 2008. Autoregressive integrated moving average time-series models were used. The results showed a significant relationship between suicide and economic fluctuation; this association was positive during the contraction period (1926-1950) and negative in the period of economic expansion (1951-1973). Males and females showed differential effects in the period of moderate unemployment (1974-2008). In addition, the suicide rate of mid-adults (45-64) was most impacted by economic fluctuations. Our study tends to support Durkheim's theory and suggests the need for public health responses in times of economic contraction and expansion.

  20. Analytical and simulation approach to managing economic entities under fuzzy conditions

    Directory of Open Access Journals (Sweden)

    А.О. Оvezgeldyyev

    2015-12-01

    Full Text Available The factors that comprehensively characterize modern wholesale market are showed. The authors analyze the problems of real process modeling of business effective management of wholesale trade enterprises which operate in large quantities of goods in a wide range and under conditions of inaccurate and insufficient information and also when a market situation cannot be well predicted. These models are characterized by fuzzy decision-making processes. The mathematical model based on the theory of fuzzy sets, has been constructed to find areas of efficient business of wholesale trade under reformed economy, i.e. under conditions of large-scale decline in output, unpredictable price increases in related industries, rapid growth in the share of imported products and under conditions of enhanced financial differentiation between enterprises. The present business model of wholesale trade enterprises allows us to determine: - An optimal set of dependent consumers, i.e. those for which this wholesale company is practically the only supplier; - Set of competitors such as wholesale trade enterprises which also supply their products to the same customers as the company we investigate; - A set of consumers who practically do not use the services of the investigated company.

  1. Evaluation of Possible Proximate Mechanisms Underlying the Kinship Theory of Intragenomic Conflict in Social Insects.

    Science.gov (United States)

    Galbraith, David A; Yi, Soojin V; Grozinger, Christina M

    2016-12-01

    Kinship theory provides a universal framework in which to understand the evolution of altruism, but there are many molecular and genetic mechanisms that can generate altruistic behaviors. Interestingly, kinship theory specifically predicts intragenomic conflict between maternally-derived alleles (matrigenes) and paternally-derived alleles (patrigenes) over the generation of altruistic behavior in cases where the interests of the matrigenes and patrigenes are not aligned. Under these conditions, individual differences in selfish versus altruistic behavior are predicted to arise from differential expression of the matrigenes and patrigenes (parent-specific gene expression or PSGE) that regulate selfish versus altruistic behaviors. As one of the leading theories to describe PSGE and genomic imprinting, kinship theory has been used to generate predictions to describe the reproductive division of labor in social insect colonies, which represents an excellent model system to test the hypotheses of kinship theory and examine the underlying mechanisms driving it. Recent studies have confirmed the predicted differences in the influence of matrigenes and patrigenes on reproductive division of labor in social insects, and demonstrated that these differences are associated with differences in PSGE of key genes involved in regulating reproductive physiology, providing further support for kinship theory. However, the mechanisms mediating PSGE in social insects, and how PSGE leads to differences in selfish versus altruistic behavior, remain to be determined. Here, we review the available supporting evidence for three possible epigenetic mechanisms (DNA methylation, piRNAs, and histone modification) that may generate PSGE in social insects, and discuss how these may lead to variation in social behavior. © The Author 2016. Published by Oxford University Press on behalf of the Society for Integrative and Comparative Biology. All rights reserved. For permissions please email

  2. THEORIES REGARDING THE ROLE OF THE GROWTH POLES IN THE EUROPEAN ECONOMIC INTEGRATION

    Directory of Open Access Journals (Sweden)

    Laurentia Georgeta Avram

    2017-06-01

    Full Text Available The specialized literature stressed very little or not at all the role of the growth poles in the economic integration, although the development of the national economies depend on connecting the major urban centers in the regional economic system, continental and global levels. Conversely, integration and globalization of the economic, socio-political, cultural and the transition to a knowledge economy seem to be major factors in the transformation and restructuring of the growth poles and the urban systems dependent on them.

  3. Study of capillary experiments and hydrologic factors under subsurface drip irrigation with fractal theory

    International Nuclear Information System (INIS)

    Zhou, W; Cao, L

    2012-01-01

    Soil spatial variability is one of the primary environmental factors that influences the hydraulic factors and technical indicators of subsurface drip irrigation (SDI), whose emitters are buried in the soil. This paper aimed at evaluating these effects of soil spatial variability on hydrologic factors under SDI. And some SDI emitter and capillary experiments were designed to obtain test data and distribution of pressure and emitter discharge. First, The results of labyrinth non-turbulent mosaic drip emitter test and fractal theory were used to research the fractal and quantitative relationship between single emitter hydrologic factors and soil physical parameters; and then, the capillary experiments and the relationship among hydrologic factors of capillary were used to analyze the fractal and quantitative relationship between hydrologic factors of capillary and soil physical parameters, which explained the inner relationship between spatial variability of soil and hydrologic factors of filed pipeline network under SDI, and provide theory support for the plan, design, management and production of SDI.

  4. Optimal Decision-Making in Fuzzy Economic Order Quantity (EOQ Model under Restricted Space: A Non-Linear Programming Approach

    Directory of Open Access Journals (Sweden)

    M. Pattnaik

    2013-08-01

    Full Text Available In this paper the concept of fuzzy Non-Linear Programming Technique is applied to solve an economic order quantity (EOQ model under restricted space. Since various types of uncertainties and imprecision are inherent in real inventory problems they are classically modeled using the approaches from the probability theory. However, there are uncertainties that cannot be appropriately treated by usual probabilistic models. The questions how to define inventory optimization tasks in such environment how to interpret optimal solutions arise. This paper allows the modification of the Single item EOQ model in presence of fuzzy decision making process where demand is related to the unit price and the setup cost varies with the quantity produced/Purchased. This paper considers the modification of objective function and storage area in the presence of imprecisely estimated parameters. The model is developed for the problem by employing different modeling approaches over an infinite planning horizon. It incorporates all concepts of a fuzzy arithmetic approach, the quantity ordered and the demand per unit compares both fuzzy non linear and other models. Investigation of the properties of an optimal solution allows developing an algorithm whose validity is illustrated through an example problem and ugh MATLAB (R2009a version software, the two and three dimensional diagrams are represented to the application. Sensitivity analysis of the optimal solution is also studied with respect to changes in different parameter values and to draw managerial insights of the decision problem.

  5. Joseph A. Schumpeter's Theory of Social and Economic Evolution : a Reconstruction and Critique

    OpenAIRE

    Kovacs, György

    2008-01-01

    The book presents a reconstruction, interpretation and critical evaluation of the Schumpeterian theoretical approach to socio-economic change. The analysis focuses on the problem of social evolution, on the interpretation of the innovation process and business cycles and, finally, on Schumpeter s optimistic neglect of ecological-environmental conditions as possible factors influencing social-economic change. The author investigates how the Schumpeterian approach describes the process of socia...

  6. Travel marketing, tourism economics and the airline product : an introduction to theory and practice

    OpenAIRE

    Camilleri, Mark Anthony

    2017-01-01

    An ever-increasing number of destinations have opened-up to, and invested in tourism, turning this industry into a key driver for socio-economic progress. Over the past six decades, tourism has experienced continued expansion and uninterrupted growth, despite occasional shocks. The tourism industry has become one of the largest economic sectors in the world. Many new destinations are increasingly emerging, in addition to the traditional favourites, including; Europe and North America. Interna...

  7. Welfare Impact of ASEAN Economic Integration: “ASEAN Way” Versus Theory

    OpenAIRE

    Andrista, Safira; Widodo, Tri

    2017-01-01

    The ASEAN Economic Community (AEC) has been implemented since the beginning of 2016 and expected to be completed in 2025. The ASEAN member countries preserve their value and norms highly even in the condition of integrated ASEAN, particularly in state’s sovereignty, resulting “ASEAN Way” of integration. This research is conducted to compare the ASEAN Way of integration and theoretical kinds of economic integration (Balassa, 1961). Using GTAP 9 Migration database with 2007 and 2011 base year, ...

  8. A Quantitative Quasispecies Theory-Based Model of Virus Escape Mutation Under Immune Selection

    Science.gov (United States)

    2012-01-01

    extinction when its mu- tation rate exceeds a threshold. The existence of such a threshold is a central prediction of the quasispecies theory...and describe such experimental data, it is important to realisti- cally specify the nature of selection pressure. Viruses in animal hosts evolve under...Explicit fitness measure- ments of viral clones (35, 36) and biochemical assays of proteins (37) both indicate that single-nucleotide substitutions lead to

  9. Economic analysis of nitrogen fertilization in winter bean plant under no-tillage system

    Directory of Open Access Journals (Sweden)

    Michelle Traete Sabundjian

    2014-09-01

    Full Text Available With the expansion and diversity of the no-tillage system, it is necessary to evaluate the economic benefits generated throughout the production cycle, especially those related to remnants of previous crops and nitrogen fertilizer management of succeeding crops. This study aimed to evaluate the economic viability of four cover nitrogen doses on winter bean grain yield grown under no-tillage system after different crops. The experimental design was randomized blocks with four replications, in a 8x4 factorial scheme, with 32 treatments consisting of a combination of crop remnants (mayze; mayze - Azospirillum brasilense; Urochloa ruziziensis; Urochloa ruziziensis - Azospirillum brasilense; mayze + U. ruziziensis; mayze -A. brasilense + U. ruziziensis; mayze + U. ruziziensis - A. brasilense; mayze -A. brasilense + U. ruziziensis - A. brasilense and cover nitrogen doses (0 kg ha-1, 30 kg ha-1, 60 kg ha-1 and 90 kg ha-1. It was possible to conclude that the highest grain yield of winter bean plants irrigated by aspersion was obtained with the use of 90 kg ha-1 of cover nitrogen in succession to Urochloa ruziziensis without the inoculation of Azospirillum brasilense. In order to improve profits, it is recommended to apply 90 kg ha-1 of cover nitrogen to bean crops succeeding the other crops, except for inoculated Urochloa ruziziensis.

  10. Heuristics for the Economic Production Quantity Problem under Restrictions on Production and Maintenance Time

    Directory of Open Access Journals (Sweden)

    Qi Xu

    2016-01-01

    Full Text Available This paper proposes an economic production quantity problem with the maximal production run time and minimal preventive maintenance time over a finite planning horizon. The objective is to find the efficient production and maintenance policy to minimize the total cost composed of production, maintenance, shortages, and holding costs under the restriction on the production run time and the preventive maintenance time. The production and maintenance decisions include the production and maintenance frequencies and the production run and the maintenance time. The variability and the boundedness of the production run and maintenance time make the problem difficult to solve. Two heuristic algorithms are developed using different techniques based on the optimal properties of the relaxed problem. The performance comparison between the two algorithms is illustrated by numerical examples. The numerical results show that, for the most part, there exists a heuristic algorithm which is more effective than the other.

  11. Ecosystem services and economic theory: integration for policy-relevant research.

    Science.gov (United States)

    Fisher, Brendan; Turner, Kerry; Zylstra, Matthew; Brouwer, Roy; de Groot, Rudolf; Farber, Stephen; Ferraro, Paul; Green, Rhys; Hadley, David; Harlow, Julian; Jefferiss, Paul; Kirkby, Chris; Morling, Paul; Mowatt, Shaun; Naidoo, Robin; Paavola, Jouni; Strassburg, Bernardo; Yu, Doug; Balmford, Andrew

    2008-12-01

    It has become essential in policy and decision-making circles to think about the economic benefits (in addition to moral and scientific motivations) humans derive from well-functioning ecosystems. The concept of ecosystem services has been developed to address this link between ecosystems and human welfare. Since policy decisions are often evaluated through cost-benefit assessments, an economic analysis can help make ecosystem service research operational. In this paper we provide some simple economic analyses to discuss key concepts involved in formalizing ecosystem service research. These include the distinction between services and benefits, understanding the importance of marginal ecosystem changes, formalizing the idea of a safe minimum standard for ecosystem service provision, and discussing how to capture the public benefits of ecosystem services. We discuss how the integration of economic concepts and ecosystem services can provide policy and decision makers with a fuller spectrum of information for making conservation-conversion trade-offs. We include the results from a survey of the literature and a questionnaire of researchers regarding how ecosystem service research can be integrated into the policy process. We feel this discussion of economic concepts will be a practical aid for ecosystem service research to become more immediately policy relevant.

  12. Growth theory after Keynes, part II: 75 years of obstruction by the mainstream economics culture

    Directory of Open Access Journals (Sweden)

    Hendrik Van den Berg

    2014-05-01

    Full Text Available Part I of this essay explained the sequence of events that enabled the neoclassical paradigm to regain its dominant position in mainstream economics following serious challenges by ‘Keynesian’ economists. This second essay seeks to answer the question of why the economics profession was so willing to sustain the neoclassical paradigm in the face of the reality-based challenges by ‘Keynesian’ economists like Harrod and Domar. The answer is sought in the culture of economics, the history of science in general, and the study of power in the field of political economy. This article draws heavily on the work of the French sociologist Pierre Bourdieu, who divides culture into habitus (procedures and dispositions and doxa (more abstract beliefs and philosophies, in order to provide insight into how culture affects economic thinking. Bourdieu’s concept of symbolic violence helps to explain how a narrower neoclassical growth model was enthusiastically accepted as a replacement for the ‘Keynesian’ Harrod-Domar growth model. Financial and business interests clearly understood the power of culture and they used their accumulated wealth to support the neoliberal doxa and neoclassical habitus that would induce economists to willingly provide intellectual cover for policies that benefitted those financial and business interests. We conclude with a discussion on how the history of thought on economic development might have evolved if the Keynesian paradigm, and its dynamic Harrod-Domar model, had prevailed

  13. Collective Order within Family; An Axial Phenomenon regarding the Effect of Islamic Teachings on the ‎Economic Action of Family: A Study Based on the Grounded Theory

    Directory of Open Access Journals (Sweden)

    ‎ V. Arshadi

    2016-02-01

    Full Text Available The present article aims to identify the intermediate factors regarding the effect of Islamic teachings on family economic action through an interpretative and multifactorial approach. The method is qualitative and is based on grounded theory method”. Due to the interdisciplinary nature of the matter, a semi-structured interview with 16 experts on Islamic economy, Muslim consumer behavior, educational sciences, psychology and sociology and the issue of values and actions has served as the main research tool. The samples were selected through purposive sampling and snowball method, and interviews were conducted to the point of theoretical saturation. Findings of data analysis in this three steps show that factors such as the synergy of the high quality of transfer of teachings from formal and informal education institutes, high quality of the perception of teachings by family members, high quality of family income resources, and faith and belief in the accountability in the Hereafter can create collective order within family based on the subjective value of Islamic economic teaching. The collective order is influenced by "underlying" and "structural" factors and leads to discretion behavior. This paper is also innovative in terms of its profound look into the formation of economic behavior within the family.

  14. Endogenous growth and economic capacity: Theory and empirical evidence for the NAFTA countries

    Directory of Open Access Journals (Sweden)

    Ignacio Perrotini-Hernàndez

    2017-09-01

    Full Text Available he paper sheds light on the relevance of economic capacity utilisation, capital accumulation and effective demand for the endogeneity of the natural growth rate with respect to normal, depressive and expansive growth regimes. Apart from contributing to fill this theoretical gap, a new model is developed for estimating the elasticity of the natural growth rate, with a specific focus on Canada, Mexico and the United States, throughout the pre-NAFTA and post-NAFTA periods. It is shown that growth regimes are related to the utilisation of economic capacity, while the elasticities of the expansive and depressive natural rates of growth vis-à-vis the normal rate are related to effective demand. It is also found that the normal, depressive and expansive natural rates of growth decreased since the inception of NAFTA, due to the concomitant decline in the growth rate of economic capacity. JEL Classification: O47, O51, O54

  15. John Dewey’s theory of democracy and its links with the heterodox approach to economics.

    Directory of Open Access Journals (Sweden)

    Arturo Hermann

    2011-07-01

    Full Text Available John Dewey is one of the most significant figures in pragmatist philosophy, an approach which he systematically applied to the study of economic, social and cultural structure. In our work, we will focus on the main aspects of Dewey’s approach to the study of aspects that make up “human nature” and how do they interact with the characteristics of the cultural context. We will illustrate how the concepts elaborated by Dewey can contribute to the heterodox analysis of a host of economic and social issues. Dewey highlights the crucial role of public policies for facilitating the development of volunteer associations in all areas of the social structure. In the analysis of these aspects, Dewey’s key contribution lies in removing the concepts of democracy and participation from the limbo of abstraction in which they tended to be confined by previous approaches and connecting them to the evolution of economic and social forms.

  16. Economic Rents and Legitimacy: Incorporating Elements of Organizational Analysis Institutional Theory to the Field of Business Strategy

    Directory of Open Access Journals (Sweden)

    Marco Aurélio Lima de Queiroz

    2007-01-01

    Full Text Available Are sources of economic rent, as defined by the prevalent business strategy paradigm, sufficient to attain and maintain superior returns? The perspective developed within the conceptual framework of the Institutional Theory may offer managers a contribution towards understanding the strategy process and its potentialities,particularly by stressing the leading role played by legitimacy, the influence of many institutional spheres, the isomorphic pressures, ceremonial behavior and decoupling, among other elements, that mainstream business strategy fails to address directly, but which may have a significant effect on firm performance. We advance thatthese elements must be accounted for in the pursuit and acquisition of economic rents, even if the ability to articulate them purposefully is constrained by rationality, agency conditions and the manager's social embeddedness.

  17. Gross domestic product growth rates as confined Lévy flights: Towards a unifying theory of economic growth rate fluctuations

    Science.gov (United States)

    Lera, Sandro Claudio; Sornette, Didier

    2018-01-01

    A model that combines economic growth rate fluctuations at the microscopic and macroscopic levels is presented. At the microscopic level, firms are growing at different rates while also being exposed to idiosyncratic shocks at the firm and sector levels. We describe such fluctuations as independent Lévy-stable fluctuations, varying over multiple orders of magnitude. These fluctuations are aggregated and measured at the macroscopic level in averaged economic output quantities such as GDP. A fundamental question is thereby to what extent individual firm size fluctuations can have a noticeable impact on the overall economy. We argue that this question can be answered by considering the Lévy fluctuations as embedded in a steep confining potential well, ensuring nonlinear mean-reversal behavior, without having to rely on microscopic details of the system. The steepness of the potential well directly controls the extent to which idiosyncratic shocks to firms and sectors are damped at the level of the economy. Additionally, the theory naturally accounts for business cycles, represented in terms of a bimodal economic output distribution and thus connects two so far unrelated fields in economics. By analyzing 200 years of U.S. gross domestic product growth rates, we find that the model is in good agreement with the data.

  18. Analysis of North Korea's Nuclear Tests under Prospect Theory

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Han Myung; Ryu, Jae Soo; Lee, Kwang Seok; Lee, Dong Hoon; Jun, Eunju; Kim, Mi Jin [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2013-10-15

    North Korea has chosen nuclear weapons as the means to protect its sovereignty. Despite international society's endeavors and sanctions to encourage North Korea to abandon its nuclear ambition, North Korea has repeatedly conducted nuclear testing. In this paper, the reason for North Korea's addiction to a nuclear arsenal is addressed within the framework of cognitive psychology. The prospect theory addresses an epistemological approach usually overlooked in rational choice theories. It provides useful implications why North Korea, being under a crisis situation has thrown out a stable choice but taken on a risky one such as nuclear testing. Under the viewpoint of prospect theory, nuclear tests by North Korea can be understood as follows: The first nuclear test in 2006 is seen as a trial to escape from loss areas such as financial sanctions and regime threats; the second test in 2009 was interpreted as a consequence of the strategy to recover losses by making a direct confrontation against the United States; and the third test in 2013 was understood as an attempt to strengthen internal solidarity after Kim Jong-eun inherited the dynasty, as well as to enhance bargaining power against the United States. Thus, it can be summarized that Pyongyang repeated its nuclear tests to escape from a negative domain and to settle into a positive one. In addition, in the future, North Korea may not be willing to readily give up its nuclear capabilities to ensure the survival of its own regime.

  19. Progress, influence and perspectives of emergy theories in China, in support of environmentally sound economic development and equitable trade

    International Nuclear Information System (INIS)

    Dong, Xiaobin; Ulgiati, Sergio; Yan, Maochao; Gao, Wangsheng

    2008-01-01

    Emergy Accounting and Synthesis, developed by Howard Odum in the 1980s, accounts for both the work of nature and that of humans as part of it in generating products and services. Since the 1990s, when Odum's system theories and emergy approach were introduced to China, a great attention was paid to them, since they appeared to Chinese scholars very important, comprehensive, and rich with application opportunities to China's economic development and environmental management. Until now more than 150 papers related to emergy theories were published in Chinese scientific journals, more than 20 dissertations presented in all Chinese Universities, and a large number of emergy-based papers were authored by Chinese scholars in international journals. Also, several reports dealing with emergy evaluation of different provinces of China were presented to local governments for decision-making. Emergy theories were applied to valuation of ecosystems and eco-industrial parks, as well as to studies of benefits/cost analysis and feasibility of ecological engineering. Meanwhile, a series of monographs and translated books related to emergy theories were published in China, some of which are used as text books in Chinese universities and institutes. Compared with the great potential of emergy application, there are many new fields that should be addressed in China, including: assessing the environmental impact of processes based on matching of high-quality and low-quality resources, establishing new frameworks and systems for environmental accounting, evaluating natural capital and services and applying research results to the process of decision-making, and finally studying the patterns and the available development options of China regional eco-economic systems. (author)

  20. 76 FR 9641 - Delegation of Authority to Under Secretary for Research, Education, and Economics

    Science.gov (United States)

    2011-02-22

    ... Secretary for Research, Education, and Economics AGENCY: Office of the Secretary, USDA. ACTION: Final rule... Secretary for Research, Education, and Economics for requests for the United States Department of... for Research, Education, and Economics as USDA's authorized signatory for requests for all 2-year...

  1. Pluralism of Determinisms: Economic Theory and Development in Malaysia, 1981 - 1996

    NARCIS (Netherlands)

    Maseland, R.K.J.; Peil, J.J.M.

    2006-01-01

    This will paper will address pluralism in economics by discussing the concept of development as it developed in the debate in Malaysia between 1981 and 1996. It is argued that the conceptualization of development—as of any social phenomenon—is not only a theoretical, but simultaneously an

  2. Buy Low, Sell High: The Development of an Informal Theory of Economics.

    Science.gov (United States)

    Thompson, Douglas R.; Siegler, Robert S.

    2000-01-01

    Two experiments examined development of economic understanding among 5-, 7- and 9-year-olds. Found that most 5-year-olds understood the goal of acquiring desired goods, and most 7- and 9-year-olds also understood the goals of seeking profits, acquiring goods inexpensively, and competing successfully with other sellers. Results suggest that older…

  3. Economic Geography and Spatial Statistics: Theory and Empirics of New Zealand Regions

    OpenAIRE

    Suzi Kerr; Jason Timmins

    2000-01-01

    This paper sets the stage for current Treasury research on New Zealand regional socio-economic issues by: - Outlining a basic theoretical framework; - Introducing a regional database and Geographic Information Systems, a new empirical tool for data analysis; and - Illustrating the potential of this data and tools for analysing policy relevant issues by testing some empirical hypotheses derived from the theoretical framework.

  4. ADAPTING THE THEORY TO REALITY. THE TRIAD GLOBALIZATION-PROTECTIONISM-ECONOMIC PATRIOTISM

    Directory of Open Access Journals (Sweden)

    VOICULESCU SERBAN

    2009-05-01

    Full Text Available A science is adjusting and developing in time – on this trajectory the evolution of economic science is situated. The emergence of new concepts, as well as re-theorizing of some traditional concepts comes to support this viewpoint. In order to demonstra

  5. Adding geography to the new economic geography : bridging the gap between theory and empirics

    NARCIS (Netherlands)

    Bosker, E.M.; Brakman, S.; Garretsen, J.H.; Schramm, M.

    2010-01-01

    For reasons of analytical tractability, new economic geography (NEG) models treat geography in a very simple way, focusing on stylized 'unidimensional' geography structures (e.g. an equidistant or line economy). All the well-known NEG results are based on these simple geography structures. When

  6. Ecosystem services and economic theory: Integration for policy-relevant research

    NARCIS (Netherlands)

    Fisher, B.; Turner, R.K.; Zylstra, M.; Brouwer, R.; de Groot, R.; Farber, S.; Ferraro, P.; Green, R.; Hadley, D.; Harlow, J.; Jefferiss, P.; Kirkby, C.; Morling, P.; Mowatt, S.; Naidoo, R.; Paavola, J.; Strassburg, B.; Yu, D.; Balmford, A.

    2008-01-01

    It has become essential in policy and decision-making circles to think about the economic benefits (in addition to moral and scientific motivations) humans derive from wellfunctioning ecosystems. The concept of ecosystem services has been developed to address this link between ecosystems and human

  7. Ecosystem services and economic theory: Integration for policy-relevant research

    NARCIS (Netherlands)

    Fisher, B.; Turner, K.; Zylstra, M.; Brouwer, R.; Groot, de R.S.; Farber, S.; Ferraro, P.; Green, R.; Hadley, D.; Harlow, J.; Jefferiss, P.; Kirby, C.; Morling, P.; Mowatt, S.; Naidoo, R.; Paavola, J.; Strassburg, B.; Yu, D.; Balmford, A.

    2008-01-01

    It has become essential in policy and decision-making circles to think about the economic benefits (in addition to moral and scientific motivations) humans derive from well-functioning ecosystems. The concept of ecosystem services has been developed to address this link between ecosystems and human

  8. Long-term weight gain and economic impact in pigs castrated under local anaesthesia

    Directory of Open Access Journals (Sweden)

    F.G. Telles

    2016-12-01

    Full Text Available Castration is a controversial practice in swine production because in some countries is still performed without anaesthesia, and therefore causes intense suffering and stress to animals. This study investigated the effect of pre-surgical administration of local anaesthesia (LA on the growth performance of piglets until the end of the growth phase (102 days. Piglets aged 3 to 5 days were selected in pairs of similar weights and same age. They were originated from 22 litters. The groups were randomly assigned to one of two treatments. Castration was performed with (LA; n = 45 or without (NLA; n = 45 intra-testicular administration of 0.5 mL of 2% lidocaine plus adrenaline per testicle, administered by an automatic repeating vaccinator. Castration was performed 10 min later. Average daily weight gain and economic impact were evaluated between the intervals before castration until 21 (weaning phase, before castration until 60 (end of the initial nursery phase and before castration until 102 (growth phase days of age. Average daily weight gain data were analyzed by comparing the average daily weight gain between the weaning phase, 60 and 102 days of age versus the initial weight (pre-castration. At the end of the growing phase, animals treated with LA showed greater weight gain than animals castrated without anaesthesia. LA also showed improved cost:benefit ratio and theore might provide greater economic benefit under the conditions used in this study. Our findings have proved that castration with LA improves long-term weight gain of piglets.

  9. A fuzzy stochastic framework for managing hydro-environmental and socio-economic interactions under uncertainty

    Science.gov (United States)

    Subagadis, Yohannes Hagos; Schütze, Niels; Grundmann, Jens

    2014-05-01

    An amplified interconnectedness between a hydro-environmental and socio-economic system brings about profound challenges of water management decision making. In this contribution, we present a fuzzy stochastic approach to solve a set of decision making problems, which involve hydrologically, environmentally, and socio-economically motivated criteria subjected to uncertainty and ambiguity. The proposed methodological framework combines objective and subjective criteria in a decision making procedure for obtaining an acceptable ranking in water resources management alternatives under different type of uncertainty (subjective/objective) and heterogeneous information (quantitative/qualitative) simultaneously. The first step of the proposed approach involves evaluating the performance of alternatives with respect to different types of criteria. The ratings of alternatives with respect to objective and subjective criteria are evaluated by simulation-based optimization and fuzzy linguistic quantifiers, respectively. Subjective and objective uncertainties related to the input information are handled through linking fuzziness and randomness together. Fuzzy decision making helps entail the linguistic uncertainty and a Monte Carlo simulation process is used to map stochastic uncertainty. With this framework, the overall performance of each alternative is calculated using an Order Weighted Averaging (OWA) aggregation operator accounting for decision makers' experience and opinions. Finally, ranking is achieved by conducting pair-wise comparison of management alternatives. This has been done on the basis of the risk defined by the probability of obtaining an acceptable ranking and mean difference in total performance for the pair of management alternatives. The proposed methodology is tested in a real-world hydrosystem, to find effective and robust intervention strategies for the management of a coastal aquifer system affected by saltwater intrusion due to excessive groundwater

  10. Quantum economics

    Directory of Open Access Journals (Sweden)

    Vukotić Veselin

    2011-01-01

    Full Text Available The globalization is breaking-down the idea of national state, which was the base for the development of economic theory which is dominant today. Global economic crisis puts emphasis on limited possibilities of national governments in solving economic problems and general problems of society. Does it also mean that globalization and global economic crisis points out the need to think about new economic theory and new understanding of economics? In this paper I will argue that globalization reveals the need to change dominant economic paradigm - from traditional economic theory (mainstream with macroeconomic stability as the goal of economic policy, to the “quantum economics“, which is based on “economic quantum” and immanent to the increase of wealth (material and non-material of every individual in society and promoting set of values immanent to the wealth increase as the goal of economic policy. Practically the question is how we can use global market for our development!

  11. Thermomagnetic effect with two temperature theory for photothermal process under hydrostatic initial stress

    Directory of Open Access Journals (Sweden)

    Kh. Lotfy

    Full Text Available A novel technique is used to investigate the influence of magnetic field for a two dimensional deformations on a two temperature problem at the free surface of a semi-infinite medium. The investigation is carried out under the effects of both mechanical force and hydrostatic initial stress during a photothermal excitation theory. The equations of elastic waves, heat conduction equation, quasi-static electric field, carrier density, two temperature coefficient, ratios, and constitutive relationships for the thermo-magnetic-electric medium are obtained using the Harmonic Wave Method (HWM technique. The effects of thermoelastic, thermoelectric and two temperature parameters of the applied force on the displacement component, force stress, carrier density and temperature distribution has been depicted graphically. Keywords: Photothermal theory, Initial stress, Magnetic field, The harmonic wave, Two temperature

  12. A Similitude Theory for Bucket Foundations Under Monotonic Horizontal Load in Dense Sand

    DEFF Research Database (Denmark)

    Foglia, Aligi; Ibsen, Lars Bo

    2013-01-01

    This paper aims at finding force-displacement relationships to be employed in the design of bucket foundations for offshore wind turbine. This is accomplished by combining small-scale tests and element tests within a theoretical framework. A similitude theory, regarding the lateral displacement...... of bucket foundations under horizontal load, is put forward. A constitutive law of the soil and a load-displacement relationship for the bucket foundation are theoretically obtained. Triaxial tests of sand, and small-scale tests of bucket foundation, are respectively employed to corroborate the theory....... Attention is given to the different behaviour shown during the compressive and dilative phases of the soil. Some analogy between triaxial tests and tests of bucket foundation are pointed out. A theoretically derived power law is found capable to represent the dimensionless horizontal load...

  13. A theory of economic growth with material/energy resources and dematerialization. Interaction of three growth mechanisms

    Energy Technology Data Exchange (ETDEWEB)

    Ayres, Robert U. [Department of Physical Resource Theory, Chalmers Institute, Gothenburg (Sweden); Van den Bergh, Jeroen C.J.M. [Department of Spatial Economics, Faculty of Economics and Business Administration, and Institute for Environmental Studies, Free University, De Boelelaan 1105, Amsterdam 1081 HV (Netherlands)

    2005-10-05

    The nature of energy and material resources in a non-optimizing growth theory framework is clarified. This involves two modifications of the conventional theory. Firstly, multiple feedback mechanisms or 'growth engines' are identified, such that the impact of the cost of production through demand on growth is accounted for. Secondly, a production function distinguishes between resource use, technical efficiency, and value creation. The resulting model is analytically solved under the condition of a constant growth rate. Given model complexity, numerical experiments are performed as well, providing relevant insights to the academic and political debates on 'environmental Kuznets curves' and 'dematerialization.'.

  14. Toward a Political Economic Theory of Education: Use and Exchange Values of Enhanced Labor Power

    Science.gov (United States)

    Williams, Julian

    2011-01-01

    I explore theoretical conceptions of the use and exchange values of mathematics education within cultural-historical activity theory perspectives. The case of education in England is compared with that of health care (due to Engestrom). Then I draw on Lave and McDermott's study of estranged learning from the early Marx, and from Marx's later…

  15. Sense of control under uncertainty depends on people's childhood environment: a life history theory approach.

    Science.gov (United States)

    Mittal, Chiraag; Griskevicius, Vladas

    2014-10-01

    Past research found that environmental uncertainty leads people to behave differently depending on their childhood environment. For example, economic uncertainty leads people from poor childhoods to become more impulsive while leading people from wealthy childhoods to become less impulsive. Drawing on life history theory, we examine the psychological mechanism driving such diverging responses to uncertainty. Five experiments show that uncertainty alters people's sense of control over the environment. Exposure to uncertainty led people from poorer childhoods to have a significantly lower sense of control than those from wealthier childhoods. In addition, perceptions of control statistically mediated the effect of uncertainty on impulsive behavior. These studies contribute by demonstrating that sense of control is a psychological driver of behaviors associated with fast and slow life history strategies. We discuss the implications of this for theory and future research, including that environmental uncertainty might lead people who grew up poor to quit challenging tasks sooner than people who grew up wealthy. 2014 APA, all rights reserved

  16. Economics of Water Quality Protection from Nonpoint Sources: Theory and Practice

    OpenAIRE

    Ribaudo, Marc; Horan, Richard D.; Smith, Mark E.

    1999-01-01

    Water quality is a major environmental issue. Pollution from nonpoint sources is the single largest remaining source of water quality impairments in the United States. Agriculture is a major source of several nonpoint-source pollutants, including nutrients, sediment, pesticides, and salts. Agricultural nonpoint pollution reduction policies can be designed to induce producers to change their production practices in ways that improve the environmental and related economic consequences of produc...

  17. Political competition, economic reform and growth : theory and evidence from transition countries

    OpenAIRE

    Pavletic, Ivan

    2010-01-01

    Which political and institutional factors trigger reforms that enable the poor to benefit from the process of economic growth? How can the incentives of policy makers be influenced in order to achieve such a dynamic? These are the questions this study seeks to address by examining the transition process in post-communist countries. The author argues that political competition within an accepted and respected institutional environment has been a driving force in shaping the direction and succe...

  18. ICT diffusion, innovation systems, globalisation and regional economic dynamics: Theory and empirical evidence

    OpenAIRE

    Karlsson, Charlie; Maier, Gunther; Trippl, Michaela; Siedschlag, Iulia; Owen, Robert; Murphy, Gavin

    2008-01-01

    The objective of this paper is to review the relevant theoretical and empirical literature to provide a conceptual and methodological background for the analysis of the consequences of ICT use and globalisation on the regional economies in the European Union. We highlight the key aspects of ICT as a general purpose technology, discuss the economic impacts of ICT diffusion from a macro as well as from a micro perspective, and examine the spatial consequences of ICT diffusion. We focus on regio...

  19. The theory of the interaction of atmospheric aerosol with underlying surface

    International Nuclear Information System (INIS)

    Buikov, M.V.

    1993-01-01

    The interaction of wind with underlying surfaces through resuspension makes a great contribution to the total amount of atmospheric aerosols. The dry deposition process results in cleaning of the atmosphere and contamination of near-surface air layers of soil and vegetation. This paper examines the theory leading to an exact solution of the problem of turbulent transportation of pollution taking into account resuspension and dry-deposition. This may be useful for the interpretation of observational data and for the improvement of calculation methods to describe aerosol exchange at surfaces in air. (author)

  20. Effect of rotation on a semiconducting medium with two-temperatures under L-S theory

    Directory of Open Access Journals (Sweden)

    Othman Mohamed I.A.

    2017-06-01

    Full Text Available The model of the equations of generalized thermoelasticity in a semi-conducting medium with two-temperature is established. The entire elastic medium is rotated with a uniform angular velocity. The formulation is applied under Lord-Schulman theory with one relaxation time. The normal mode analysis is used to obtain the expressions for the considered variables. Also some particular cases are discussed in the context of the problem. Numerical results for the considered variables are obtained and illustrated graphically. Comparisons are also made with the results predicted in the absence and presence of rotation as well as two-temperature parameter.

  1. Money Creation, Employment and Economic Stability: The Monetary Theory of Unemployment and Inflation

    OpenAIRE

    Alain Parguez

    2008-01-01

    This paper by building on the general theory of the monetary circuit, proves that money-as a pure bank credit liability-exists to overcome constraints on required expenditures by firms, household and mainly the State. From this perspective the paper derives the employment function in the modern monetary economy. Thereby it is explained that full employment policy is both always possible and required. It is proven that this conclusion holds in a perfectly open economy. Ultimately it is explain...

  2. Economic feasibility of a wood biomass energy system under evolving demand

    Directory of Open Access Journals (Sweden)

    Giorgio Guariso

    2016-01-01

    Full Text Available In some European regions, particularly in mountainous areas, the demand for energy is evolving due to the decrease of resident population and the adoption of energy efficiency measures. Such changes are rapid enough to significantly impact on the planning process of wood-to-energy chains that are supposed to work for the following 20–25 years. The paper summarizes a study in an Italian pre-alpine district where some municipality shows a declining resident population together with increasing summer tourism. The planning of conversion plants to exploit the local availability of wood is formulated as a mathematical programming problem that maximizes the economic return of the investment, under time-varying parameters that account for the demand evolution. Such a demand is estimated from current trends, while biomass availability and transport is computed from the local cartography, through standard GIS operations. Altogether, the mixed integer optimization problem has 11 possible plant locations of different sizes and technologies taking their feedstock from about 200 parcels. The problem is solved with a commercial software package and shows that the optimal plan changes if one considers the foreseen evolution of the energy demand. As it always happen in this type of biomass-based plants, while the problem formulation is general and may be applied to other cases, the solution obtained is strongly dependent on local values and thus cannot be extrapolated to different contexts.

  3. Area Under the Curve as a Novel Metric of Behavioral Economic Demand for Alcohol

    Science.gov (United States)

    Amlung, Michael; Yurasek, Ali; McCarty, Kayleigh N.; MacKillop, James; Murphy, James G.

    2015-01-01

    Behavioral economic purchase tasks can be readily used to assess demand for a number of addictive substances including alcohol, tobacco and illicit drugs. However, several methodological limitations associated with the techniques used to quantify demand may reduce the utility of demand measures. In the present study, we sought to introduce area under the curve (AUC), commonly used to quantify degree of delay discounting, as a novel index of demand. A sample of 207 heavy drinking college students completed a standard alcohol purchase task and provided information about typical weekly drinking patterns and alcohol-related problems. Level of alcohol demand was quantified using AUC – which reflects the entire amount of consumption across all drink prices - as well as the standard demand indices (e.g., intensity, breakpoint, Omax, Pmax, and elasticity). Results indicated that AUC was significantly correlated with each of the other demand indices (rs = .42–.92), with particularly strong associations with Omax (r = .92). In regression models, AUC and intensity were significant predictors of weekly drinking quantity and AUC uniquely predicted alcohol-related problems, even after controlling for drinking level. In a parallel set of analyses, Omax also predicted drinking quantity and alcohol problems, although Omax was not a unique predictor of the latter. These results offer initial support for using AUC as an index of alcohol demand. Additional research is necessary to further validate this approach and to examine its utility in quantifying demand for other addictive substances such as tobacco and illicit drugs. PMID:25895013

  4. Analyzing the Kyoto Protocol under the Marrakesh Accords. Economic efficiency and environmental effectiveness

    International Nuclear Information System (INIS)

    Den Elzen, Michel G.J.; De Moor, Andre P.G.

    2002-01-01

    This article evaluates the environmental effectiveness and economic implications of the Kyoto Protocol (KP) after the Bonn agreement and the Marrakesh Accords. We will break it down into several components that correspond with major steps in the international process: pre-COP 6 version of the KP, with unrestricted international emissions trading but without sinks; withdrawal of the USA; and decisions on sinks in Bonn and Marrakesh. The Marrakesh Accords bring Annex-I emissions in 2010 without the USA at 0.5% under base-year levels; this corresponds to nearly 2% above the 1990-levels. The US withdrawal has by far the greatest impact in reducing the environmental effectiveness of the KP, whereas the impact of the decision on sinks is comparatively small. The US withdrawal also substantially reduces the permit demand and permit prices will drop dramatically. Hot air becomes increasingly dominant and may threaten the viability of the Kyoto Mechanisms (KM), especially in lower baseline (business-as-usual (BaU)) scenarios. Therefore, banking of hot air is of absolute importance to improve the environmental effectiveness of the protocol at moderately higher costs, while enhancing the development of a viable emission trading market. A strategy of curtailing and banking permit supply is also in the interest of the dominant seller, Russia

  5. Biofuel production system with operation flexibility: Evaluation of economic and environmental performance under external disturbance

    Science.gov (United States)

    Kou, Nannan

    Biomass derived liquid hydrocarbon fuel (biofuel) has been accepted as an effective way to mitigate the reliance on petroleum and reduce the greenhouse gas emissions. An increasing demand for second generation biofuels, produced from ligno-cellulosic feedstock and compatible with current infrastructure and vehicle technologies, addresses two major challenges faced by the current US transportation sector: energy security and global warming. However, biofuel production is subject to internal disturbances (feedstock supply and commodity market) and external factors (energy market). The biofuel industry has also heavily relied on government subsidy during the early development stages. In this dissertation, I investigate how to improve the economic and environmental performance of biorefineries (and biofuel plant), as well as enhance its survivability under the external disturbances. Three types of disturbance are considered: (1) energy market fluctuation, (2) subsidy policy uncertainty, and (3) extreme weather conditions. All three factors are basically volatile, dynamic, and even unpredictable, which makes them difficult to model and have been largely ignored to date. Instead, biofuel industry and biofuel research are intensively focused on improving feedstock conversion efficiency and capital cost efficiency while assuming these advancements alone will successfully generate higher profit and thus foster the biofuel industry. The collapse of the largest corn ethanol biofuel company, Verasun Energy, in 2008 calls into question this efficiency-driven approach. A detailed analysis has revealed that although the corn ethanol plants operated by Verasun adopted the more efficient (i.e. higher ethanol yield per bushel of corn and lower capital cost) dry-mill technology, they could not maintain a fair profit margin under fluctuating market condition which made ethanol production unprofitable. This is because dry-mill plant converts a single type of biomass feedstock (corn

  6. Doubly self-consistent field theory of grafted polymers under simple shear in steady state.

    Science.gov (United States)

    Suo, Tongchuan; Whitmore, Mark D

    2014-03-21

    We present a generalization of the numerical self-consistent mean-field theory of polymers to the case of grafted polymers under simple shear. The general theoretical framework is presented, and then applied to three different chain models: rods, Gaussian chains, and finitely extensible nonlinear elastic (FENE) chains. The approach is self-consistent at two levels. First, for any flow field, the polymer density profile and effective potential are calculated self-consistently in a manner similar to the usual self-consistent field theory of polymers, except that the calculation is inherently two-dimensional even for a laterally homogeneous system. Second, through the use of a modified Brinkman equation, the flow field and the polymer profile are made self-consistent with respect to each other. For all chain models, we find that reasonable levels of shear cause the chains to tilt, but it has very little effect on the overall thickness of the polymer layer, causing a small decrease for rods, and an increase of no more than a few percent for the Gaussian and FENE chains. Using the FENE model, we also probe the individual bond lengths, bond correlations, and bond angles along the chains, the effects of the shear on them, and the solvent and bonded stress profiles. We find that the approximations needed within the theory for the Brinkman equation affect the bonded stress, but none of the other quantities.

  7. Multi-scale connectivity and graph theory highlight critical areas for conservation under climate change

    Science.gov (United States)

    Dilts, Thomas E.; Weisberg, Peter J.; Leitner, Phillip; Matocq, Marjorie D.; Inman, Richard D.; Nussear, Ken E.; Esque, Todd C.

    2016-01-01

    Conservation planning and biodiversity management require information on landscape connectivity across a range of spatial scales from individual home ranges to large regions. Reduction in landscape connectivity due changes in land-use or development is expected to act synergistically with alterations to habitat mosaic configuration arising from climate change. We illustrate a multi-scale connectivity framework to aid habitat conservation prioritization in the context of changing land use and climate. Our approach, which builds upon the strengths of multiple landscape connectivity methods including graph theory, circuit theory and least-cost path analysis, is here applied to the conservation planning requirements of the Mohave ground squirrel. The distribution of this California threatened species, as for numerous other desert species, overlaps with the proposed placement of several utility-scale renewable energy developments in the American Southwest. Our approach uses information derived at three spatial scales to forecast potential changes in habitat connectivity under various scenarios of energy development and climate change. By disentangling the potential effects of habitat loss and fragmentation across multiple scales, we identify priority conservation areas for both core habitat and critical corridor or stepping stone habitats. This approach is a first step toward applying graph theory to analyze habitat connectivity for species with continuously-distributed habitat, and should be applicable across a broad range of taxa.

  8. Multiscale connectivity and graph theory highlight critical areas for conservation under climate change.

    Science.gov (United States)

    Dilt, Thomas E; Weisberg, Peter J; Leitner, Philip; Matocq, Marjorie D; Inman, Richard D; Nussear, Kenneth E; Esque, Todd C

    2016-06-01

    Conservation planning and biodiversity management require information on landscape connectivity across a range of spatial scales from individual home ranges to large regions. Reduction in landscape connectivity due changes in land use or development is expected to act synergistically with alterations to habitat mosaic configuration arising from climate change. We illustrate a multiscale connectivity framework to aid habitat conservation prioritization in the context of changing land use and climate. Our approach, which builds upon the strengths of multiple landscape connectivity methods, including graph theory, circuit theory, and least-cost path analysis, is here applied to the conservation planning requirements of the Mohave ground squirrel. The distribution of this threatened Californian species, as for numerous other desert species, overlaps with the proposed placement of several utility-scale renewable energy developments in the American southwest. Our approach uses information derived at three spatial scales to forecast potential changes in habitat connectivity under various scenarios of energy development and climate change. By disentangling the potential effects of habitat loss and fragmentation across multiple scales, we identify priority conservation areas for both core habitat and critical corridor or stepping stone habitats. This approach is a first step toward applying graph theory to analyze habitat connectivity for species with continuously distributed habitat and should be applicable across a broad range of taxa.

  9. Doubly self-consistent field theory of grafted polymers under simple shear in steady state

    International Nuclear Information System (INIS)

    Suo, Tongchuan; Whitmore, Mark D.

    2014-01-01

    We present a generalization of the numerical self-consistent mean-field theory of polymers to the case of grafted polymers under simple shear. The general theoretical framework is presented, and then applied to three different chain models: rods, Gaussian chains, and finitely extensible nonlinear elastic (FENE) chains. The approach is self-consistent at two levels. First, for any flow field, the polymer density profile and effective potential are calculated self-consistently in a manner similar to the usual self-consistent field theory of polymers, except that the calculation is inherently two-dimensional even for a laterally homogeneous system. Second, through the use of a modified Brinkman equation, the flow field and the polymer profile are made self-consistent with respect to each other. For all chain models, we find that reasonable levels of shear cause the chains to tilt, but it has very little effect on the overall thickness of the polymer layer, causing a small decrease for rods, and an increase of no more than a few percent for the Gaussian and FENE chains. Using the FENE model, we also probe the individual bond lengths, bond correlations, and bond angles along the chains, the effects of the shear on them, and the solvent and bonded stress profiles. We find that the approximations needed within the theory for the Brinkman equation affect the bonded stress, but none of the other quantities

  10. Empiricism, ethics and orthodox economic theory: what is the appropriate basis for decision-making in the health sector?

    Science.gov (United States)

    Richardson, Jeff; McKie, John

    2005-01-01

    Economics is commonly defined in terms of the relationship between people's unlimited wants and society's scarce resources. The definition implies a central role for an understanding of what people want, i.e. their objectives. This, in turn, suggests an important role for both empirical research into people's objectives and debate about the acceptability of the objectives. In contrast with this expectation, economics has avoided these issues by the adoption of an orthodoxy that imposes objectives. However evidence suggests, at least in the health sector, that people do not have the simple objectives assumed by economic theory. Amartya Sen has advocated a shift from a focus on "utility" to a focus on "capabilities" and "functionings" as a way of overcoming the shortcomings of welfarism. However, the practicality of Sen's account is threatened by the range of possible "functionings", by the lack of guidance about how they should be weighted, and by suspicions that they do not capture the full range of objectives people appear to value. We argue that "empirical ethics", an emerging approach in the health sector, provides important lessons on overcoming these problems. Moreover, it is an ethically defensible methodology, and yields practical results that can assist policy makers in the allocation of resources.

  11. Regional Investment Policy Under The Impact Of Budget Limitations And Economic Sanctions

    OpenAIRE

    Avramenko, Yelena S.; Vlasov, Semyon V.; Lukyanov, Sergey A.; Temkina, Irina M.

    2018-01-01

    This article presents the results of research on the impact which budget limitations and economic sanctions have had on regional investment policy External sanctions and sluggish economic growth have affected the social and economic development of the region. Relying on the results of comparative and statistical analysis, the article demonstrates the need for altering the focus of current investment policy from quantitative growth to qualitative enhancement. The article analyses a new trend i...

  12. Nature in economic theories: Hans Immler traces recognition of the environment - and its neglect - in various classics

    Energy Technology Data Exchange (ETDEWEB)

    Karsten, S.G.

    1987-01-01

    Labor and capital are usually considered as the primary factors of production, the costs of which are of utmost importance. In contrast, nature (including all natural resources), as the essential third factor, is disregarded. She is generally assumed to be always available, self-regenerating, and to be exploited without long-term costs. In other words, she is more or less viewed as a constant. Hans Immler's new treatise represents an important contribution in that he emphasized the role and function of the natural environment, and its neglect, in the formulation of theories of value and their long-term consequences on contemporary economic theories and on the person and society. This essay traces Immler's evaluation with extensive quotations - especially with regard to Physiocracy and the classical economists - of nature's role and function, or their neglect, in the formulation of theories of value through the writings of Aristotle, St. Thomas Aquinas, William Petty, John Locke, Adam Smith, David Ricardo, Karl Marx, and others, - all dealt with in Part 1 of his book - and Francois Quesnay and the Physiocrats - the topic of Part 2.

  13. Benefits of economic criteria for water scarcity management under global changes: insights from a large-scale hydroeconomic framework

    Science.gov (United States)

    Neverre, Noémie; Dumas, Patrice; Nassopoulos, Hypatia

    2016-04-01

    Global changes are expected to exacerbate water scarcity issues in the Mediterranean region in the next decades. In this work, we investigate the impacts of reservoirs operation rules based on an economic criterion. We examine whether can they help reduce the costs of water scarcity, and whether they become more relevant under future climatic and socioeconomic conditions. We develop an original hydroeconomic model able to compare future water supply and demand on a large scale, while representing river basin heterogeneity. On the demand side, we focus on the two main sectors of water use: the irrigation and domestic sectors. Demands are projected in terms of both quantity and economic value. Irrigation requirements are computed for 12 types of crops, at the 0.5° spatial resolution, under future climatic conditions (A1B scenario). The computation of the economic benefits of irrigation water is based on a yield comparison approach between rainfed and irrigated crops. For the domestic sector, we project the combined effects of demographic growth, economic development and water cost evolution on future demands. The economic value of domestic water is defined as the economic surplus. On the supply side, we evaluate the impacts of climate change on water inflows to the reservoirs. Operating rules of the reservoirs are set up using a parameterisation-simulation-optimisation approach. The objective is to maximise water benefits. We introduce prudential parametric rules in order to take into account spatial and temporal trade-offs. The methodology is applied to Algeria at the 2050 horizon. Overall, our results show that the supply-demand imbalance and its costs will increase in most basins under future climatic and socioeconomic conditions. Our results suggest that the benefits of operating rules based on economic criteria are not unequivocally increased with global changes: in some basins the positive impact of economic prioritisation is higher under future conditions

  14. The logic of transaction cost economics in health care organization theory.

    Science.gov (United States)

    Stiles, R A; Mick, S S; Wise, C G

    2001-01-01

    Health care is, at its core, comprised of complex sequences of transactions among patients, providers, and other stakeholders; these transactions occur in markets as well as within systems and organizations. Health care transactions serve one of two functions: the production of care (i.e., the laying on of hands) or the coordination of that care (i.e., scheduling, logistics). Because coordinating transactions is integral to care delivery, it is imperative that they are executed smoothly and efficiently. Transaction cost economics (TCE) is a conceptual framework for analyzing health care transactions and quantifying their impact on health care structures (organizational forms), processes, and outcomes.

  15. Economic Security of Russian Economy under the Conditions of Import Substitution Policy Implementation

    Directory of Open Access Journals (Sweden)

    Natalya Viktorovna Andreeva

    2015-12-01

    Full Text Available In the article, the authors analyze the conditions of import substitution by types of activity from the perspective of the threat to the economic security of Russia. The factors of import substitution are presented. The main factor is the increase of economic and social security by the modernization of Russian economy. Today, a critical measure of the country’s economic security increase is the implementation of import substitution policy. The issue of economic modernization remains of current interest but stays unsolved, especially in the branches where the issue of import substitution is crucial: industry, agriculture, etc. The types of economic activity that can be labeled as open to import substitution are the ones with the high or medium indicators of competitiveness, investment and innovation activity. Within those types, the import substitution policy can be implemented without a threat to economic security. The analysis of the main features of import substitution such as the levels of competitiveness, innovations and investment by the types of economic activity, — is the basis to work out a smart import substitution policy, which will carry no threat to the country’s economic security. The main types of economic activity with the high dependency on import are metallurgical production, chemical industry, wood processing, electrical machines and equipment production, machinery and equipment production, textile manufacture, fishery and fish farming. In the result of the analysis, the following conclusions are drawn: the level of investment for all the types of economic activity presented is critically law; according to the level of innovation and competitiveness, metallurgic production is seen more advantageous on the back of negative dynamics and chemical industry as less advantageous. The other types of activity will face a threat to economic security if the policy of import substitution is implemented without government financing

  16. Money creation, employment and economic stability: The monetary theory of unemployment and inflation

    Directory of Open Access Journals (Sweden)

    Parguez Alain

    2008-01-01

    Full Text Available This paper by building on the general theory of the monetary circuit, proves that money-as a pure bank credit liability-exists to overcome constraints on required expenditures by firms, household and mainly the State. From this perspective the paper derives the employment function in the modern monetary economy. Thereby it is explained that full employment policy is both always possible and required. It is proven that this conclusion holds in a perfectly open economy. Ultimately it is explained that there is no trade-off between full employment and sustainable price stability.

  17. Working under pressure: economic recession and third sector development in Europe

    NARCIS (Netherlands)

    Pape, U.D.; Chaves-Ávila, R.; Pahl, J.B.; Petrella, F.; Pielinski, B.; Savall-Morera, T.

    2016-01-01

    The context conditions for third sector organizations (TSOs) in Europe have significantly changed as a result of the global economic crisis, including decreasing levels of public funding and changing modes of relations with the state. The effect of economic recession, however, varies across Europe.

  18. The radical right parties under the economic crisis: The Greek case

    NARCIS (Netherlands)

    Georgiadou, V.; Kafe, A.; Nezi, Roula

    2012-01-01

    Nowadays a new wave of socio-political disenchantment is emerging in most European countries due to the economic crisis. Exceptional examples among them are protest movements in Spain, Portugal, Greece, or even the UK. In the era of the economic crisis do the populist radical right parties continue

  19. Management of protected areas and objects of natural reserve fund under socio-ecological economic convergence

    OpenAIRE

    Bogoslavska, Alina; Semenchuk, Iryna

    2014-01-01

    The article analyzes the problems of the current state of protected areas and objects of natural reserve fund. The author substantiates the way of development process improvement of the sustainable development of the NRF through the development of economics and “green” economic growth management, which integrates a model of sustainable development in the long-term strategy.

  20. Demography and the statistics of lifetime economic transfers under individual stochasticity

    NARCIS (Netherlands)

    Caswell, H.; Kluge, F.A.

    2015-01-01

    Background: As individuals progress through the life cycle, they receive income and consume goods and services. The age schedules of labor income, consumption, and life cycle deficit reflect the economic roles played at different ages. Lifetime accumulation of economic variables has been less well

  1. Minimum Wage and Maximum Hours Standards Under the Fair Labor Standards Act. Economic Effects Studies.

    Science.gov (United States)

    Wage and Labor Standards Administration (DOL), Washington, DC.

    This report describes the 1966 amendments to the Fair Labor Standards Act and summarizes the findings of three 1969 studies of the economic effects of these amendments. The studies found that economic growth continued through the third phase of the amendments, beginning February 1, 1969, despite increased wage and hours restrictions for recently…

  2. From accounting convergence to accounting harmonization under the auspices of economic globalization

    Directory of Open Access Journals (Sweden)

    Ana-Maria Mărculescu

    2012-01-01

    Full Text Available In the current international economic context is urgently needed more than ever a transparency of business information. This situation is caused by the fact that economic decisions are based on accounting information, and knowing the regional and international accounting rules is crucial to have a correct interpretation of the business connections in the world.The misleading barriers between the independent economic systems, local, national and others the same, have had throughout the history significant implications on the economic policies adopted in each of these systems. Liberalization of capital movements and workforce provides the premises of exploitation the existing opportunities (employment, savings, investments, so. in the technological and economic environments but also the fiscal and monetary models.

  3. Multi-objective dynamic economic emission dispatch of electric power generation integrated with game theory based demand response programs

    International Nuclear Information System (INIS)

    Nwulu, Nnamdi I.; Xia, Xiaohua

    2015-01-01

    Highlights: • In this work, a game theory based DR program is integrated into the DEED problem. • Objectives are to minimize fuel and emissions costs and maximize the DR benefit. • Optimal generator output, customer load and customer incentive are determined. • Developed model is tested with two different scenarios. • Model provides superior results than independent optimization of DR or DEED. - Abstract: The dynamic economic emission dispatch (DEED) of electric power generation is a multi-objective mathematical optimization problem with two objective functions. The first objective is to minimize all the fuel costs of the generators in the power system, whilst the second objective seeks to minimize the emissions cost. Both objective functions are subject to constraints such as load demand constraint, ramp rate constraint, amongst other constraints. In this work, we integrate a game theory based demand response program into the DEED problem. The game theory based demand response program determines the optimal hourly incentive to be offered to customers who sign up for load curtailment. The game theory model has in built mechanisms to ensure that the incentive offered the customers is greater than the cost of interruption while simultaneously being beneficial to the utility. The combined DEED and game theoretic demand response model presented in this work, minimizes fuel and emissions costs and simultaneously determines the optimal incentive and load curtailment customers have to perform for maximal power system relief. The developed model is tested on two test systems with industrial customers and obtained results indicate the practical benefits of the proposed model

  4. Economic policy optimization based on both one stochastic model and the parametric control theory

    Science.gov (United States)

    Ashimov, Abdykappar; Borovskiy, Yuriy; Onalbekov, Mukhit

    2016-06-01

    A nonlinear dynamic stochastic general equilibrium model with financial frictions is developed to describe two interacting national economies in the environment of the rest of the world. Parameters of nonlinear model are estimated based on its log-linearization by the Bayesian approach. The nonlinear model is verified by retroprognosis, estimation of stability indicators of mappings specified by the model, and estimation the degree of coincidence for results of internal and external shocks' effects on macroeconomic indicators on the basis of the estimated nonlinear model and its log-linearization. On the base of the nonlinear model, the parametric control problems of economic growth and volatility of macroeconomic indicators of Kazakhstan are formulated and solved for two exchange rate regimes (free floating and managed floating exchange rates)

  5. Balance Sheet Channel of Monetary Policy and Economic Growth under Fiscal Dominance: Evidence from Pakistan

    OpenAIRE

    Shabbir, Safia

    2012-01-01

    Using micro data on non-financial listed companies in Pakistan, over the period of 2000-2010, this paper emphasizes over the impact of monetary policy on economic growth through balance sheet channel. At first step, monetary tightening deteriorates the net worth of the firms and leads to cash flow squeeze; of which later affects the economic growth. We find this impact to last for three years over the balance sheets of the firms. Since, industrial sector drives the economic growth; we forecas...

  6. MINERAL RESOURCE REPRODUCTION MANAGEMENT SYSTEM UNDER MODERN FINANCIAL AND ECONOMIC CONDITIONS

    Directory of Open Access Journals (Sweden)

    B. K. Mikhailov

    2010-03-01

    Full Text Available The paper is devoted to geological exploration planning. The author assesses the current state of such planning, marks its internal inconsistency and inefficiency. The author proves the system of phased zoning as the basis for the targeted planning of mineral resource development, gives a characteristic of the selected geological and economic areas and mineral centers of economic development in Russia as a result of zoning. The author substantiates a proposition that concentration of the Federal budget and private investments within the centers of economic development contribute to achieving the goals in question.

  7. ACCOUNTABILITY OF CORPORATE MANAGER: TO SYNTHESIZE OF THE DIFFERENT THEORIES BY ECONOMIC, POLITICAL, SOCIAL AND BEHAVIORAL PERSPECTIVES

    Directory of Open Access Journals (Sweden)

    Ghazeia Qussay

    2016-03-01

    Full Text Available Following the high profile financial scandals of 2007-2008, corporate management has been faced with strong pressures resulting from more regulatory requirements, as well as the increasing expectations of various groups of stakeholders. The responsibility acquired a big importance in front of this financial crisis. This responsibility requires more transparency and communication, inside the company with the collaborators and outside of the company with the society, while companies try to improve the degree of control and to authorize managers to realize the objectives of the company. The objective of this paper is to present the concept of the responsibility generally and the various types of manager’s responsibility in private individual within the company, as well as the explanatory theories of this responsibility through the various perspectives such as: economic, political, social and behavioral. This study should have academic and practical contributions particularly for regulators seeking to improve the companies’ practices and organizational functioning within capital market economy.

  8. Modeling the Impacts of Two Bark Beetle Species Under a Warming Climate in the Southwestern USA: Ecological and Economic Consequences

    Science.gov (United States)

    Waring, Kristen M.; Reboletti, Danielle M.; Mork, Lauren A.; Huang, Ching-Hsun; Hofstetter, Richard W.; Garcia, Amanda M.; Fulé, Peter Z.; Davis, T. Seth

    2009-10-01

    Predicted climate warming is expected to have profound effects on bark beetle population dynamics in the southwestern United States. Temperature-mediated effects may include increases in developmental rates, generations per year, and changes in habitat suitability. As a result, the impacts of Dendroctonus frontalis and Dendroctonus mexicanus on forest resources are likely subject to amplification. To assess the implications of such change, we evaluated the generations per year of these species under three climate scenarios using a degree-day development model. We also assessed economic impacts of increased beetle outbreaks in terms of the costs of application of preventative silvicultural treatments and potential economic revenues forgone. Across the southwestern USA, the potential number of beetle generations per year ranged from 1-3+ under historical climate, an increase of 2-4+ under the minimal warming scenario and 3-5+ under the greatest warming scenario. Economic benefits of applying basal area reduction treatments to reduce forest susceptibility to beetle outbreaks ranged from 7.75/ha (NM) to 95.69/ha (AZ) under historical conditions, and 47.96/ha (NM) to 174.58/ha (AZ) under simulated severe drought conditions. Basal area reduction treatments that reduce forest susceptibility to beetle outbreak result in higher net present values than no action scenarios. Coupled with other deleterious consequences associated with beetle outbreaks, such as increased wildfires, the results suggest that forest thinning treatments play a useful role in a period of climate warming.

  9. Theory of sampling. A mini seminar under the NKS project SAMPSTRAT

    International Nuclear Information System (INIS)

    Holm, E.; Oestergaard, L.F.; Sidhu, R.

    2006-04-01

    At an emergency situation a large number of matrixes can be contaminated and samples of these different matrixes will be collected. These sample matrixes might be or often certainly are heterogeneous and in general more unevenly distributed than from nuclear test fallout or even the Chernobyl accident. On basis of the reported data conclusions and remedial actions causing social and economical costs for the society are taken. Therefore the number of samples from each site, their size and further homogenizations is of great importance. In the case of an emergency situation the activities are generally high and the errors due to counting statistics are small. We could also imagine a situation when a certain nuclear enterprise/activity has to close down or being prosecuted, based on sampling and analysis, for not following directives of discarding radioactivity in the environment. We therefore organized a seminar focusing on the above mentioned problems. The seminar covered several important topics such as an introduction to Theory of sampling (TOS), Lot heterogeneity and sampling in practice, Statistics for sampling in analytical chemistry, Representative mass reduction in sampling. Case studies were presented such as Sampling of heterogeneous bottom ash from municipal waste-incineration plants and Sampling and inventories at Thule Greenland, which also illustrated the difficulties with Plutonium Inventory Calculations in Sediments when Hot Particles were present. (au)

  10. PREFACE: Quantum Field Theory Under the Influence of External Conditions (QFEXT07)

    Science.gov (United States)

    Bordag, M.; Mostepanenko, V. M.

    2008-04-01

    This special issue contains papers reflecting talks presented at the 8th Workshop on Quantum Field Theory Under the Influence of External Conditions (QFEXT07), held on 17 21 September 2007, at Leipzig University. This workshop gathered 108 physicists and mathematicians working on problems which are focused on the following topics: •Casimir and van der Waals forces—progress in theory and new experiments, applications at micro- and nano-scale •Casimir effect—exact results, approximate methods and mathematical problems •Vacuum quantum effects in classical background fields—renormalization issues, singular backgrounds, applications to particle and high energy physics •Vacuum energy and gravity, vacuum energy in supersymmetric and noncommutative theories. This workshop is part of a series started in 1989 and 1992 in Leipzig by Dieter Robaschik, and continued in 1995, 1998 and 2001 in Leipzig by Michael Bordag. In 2003 this Workshop was organized by Kimball A Milton in Oklahoma, in 2005 by Emilio Elizalde in Barcelona and in 2007 it returned to Leipzig. The field of physics after which this series of workshops is named is remarkably broad. It stretches from experimental work on the measurement of dispersion forces between macroscopic bodies to quantum corrections in the presence of classical background fields. The underlying physical idea is that even in its ground state (vacuum) a quantum system responds to changes in its environment. The universality of this idea makes the field of its application so very broad. The most prominent manifestation of vacuum energy is the Casimir effect. This is, in its original formulation, the attraction between conducting planes due to the vacuum fluctuations of the electromagnetic field. In a sense, this is the long-range tail of the more general dispersion forces acting between macroscopic bodies. With the progress in nanotechnology, dispersion forces become of direct practical significance. On a more theoretical side

  11. A neurosemantic theory of concrete noun representation based on the underlying brain codes.

    Directory of Open Access Journals (Sweden)

    Marcel Adam Just

    Full Text Available This article describes the discovery of a set of biologically-driven semantic dimensions underlying the neural representation of concrete nouns, and then demonstrates how a resulting theory of noun representation can be used to identify simple thoughts through their fMRI patterns. We use factor analysis of fMRI brain imaging data to reveal the biological representation of individual concrete nouns like apple, in the absence of any pictorial stimuli. From this analysis emerge three main semantic factors underpinning the neural representation of nouns naming physical objects, which we label manipulation, shelter, and eating. Each factor is neurally represented in 3-4 different brain locations that correspond to a cortical network that co-activates in non-linguistic tasks, such as tool use pantomime for the manipulation factor. Several converging methods, such as the use of behavioral ratings of word meaning and text corpus characteristics, provide independent evidence of the centrality of these factors to the representations. The factors are then used with machine learning classifier techniques to show that the fMRI-measured brain representation of an individual concrete noun like apple can be identified with good accuracy from among 60 candidate words, using only the fMRI activity in the 16 locations associated with these factors. To further demonstrate the generativity of the proposed account, a theory-based model is developed to predict the brain activation patterns for words to which the algorithm has not been previously exposed. The methods, findings, and theory constitute a new approach of using brain activity for understanding how object concepts are represented in the mind.

  12. Economic Dispatch for Operating Cost Minimization under Real Time Pricing in Droop Controlled DC Microgrid

    DEFF Research Database (Denmark)

    Li, Chendan; Federico, de Bosio; Chen, Fang

    2017-01-01

    In this paper, an economic dispatch problem for total operation cost minimization in DC microgrids is formulated. An operating cost is associated with each generator in the microgrid, including the utility grid, combining the cost-efficiency of the system with demand response requirements...... consumption and electricity prices, the proposed method can successfully reduce the operating cost by dispatching economically the resources in the microgrid....

  13. Quantifying economic sustainability. Implications for free-enterprise theory, policy and practice

    Energy Technology Data Exchange (ETDEWEB)

    Goerner, Sally J. [Integral Science Institute, 374 Wesley Ct, Chapel Hill, NC 27516 (United States); Lietaer, Bernard [Center for Sustainable Resources, 101 Giannini Hall, University of California, Berkeley, CA 94720-3100 (United States); Ulanowicz, Robert E. [University of Maryland Center for Environmental Science, Chesapeake Biological Laboratory, Solomons, MD 20688-0038 (United States)

    2009-11-15

    In a previous paper (Ulanowicz, Goerner, Lietaer, and Gomez, 2009), we combined thermodynamic, network, and information theoretic measures with research on real-life ecosystems to create a generalized, quantitative measure of sustainability for any complex, matter/energy flow system. The current paper explores how this metric and its related concepts can be used to provide a new narrative for long-term economic health and sustainability. Based on a system's ability to maintain a crucial balance between two equally essential, but complementary factors, resilience and efficiency, this generic explanation of the network structure needed to maintain long-term robustness provides the missing theoretical explanation for what constitutes healthy development and the mathematical means to differentiate it quantitatively from mere growth. Matching long-standing observations of sustainable vitality in natural ecosystems and living organisms, the result is a much clearer, more accurate understanding of the conditions needed for free-enterprise networks to produce the kind of sustainable vitality everyone desires, one which enhances and reliably maintains the health and well-being of all levels of global civilization as well as the planet. (author)

  14. TERTIARY ECONOMIC ACTIVITIES UNDER THE IMPACT OF SCIENTIFIC AND TECHNICAL PROGRESS IN ROMANIA

    Directory of Open Access Journals (Sweden)

    PAUL-BOGDAN ZAMFIR

    2015-06-01

    Full Text Available The scientific and technical progress put its mark in a different manner on all activities that occur within contemporary economy and it was present in the entire evolution of human society, but its implications and effects were never so strong and extensive. There is no area of activity in which progress not to interfere, both as important mutations that they are happening in the all area of production factors, as well as the place and role of the human factor in the deployment of production processes. In the current period the progress has exceeded certain human limits, operating in other areas which until more now it seems unattainable by the achievements of new technology. In this paradigm are successfully integrated tertiary activities in which the scientific and technical progress entered with great difficulty.Nowadays we are witnessing spectacular evolutions whether we talk about movement of goods, education, research, health, transportation, arts and culture, etc. The purpose of this paper is to determine the degree in which scientific and technical progress. In this paper we proposed to determine the level in which the scientific and technical progress, had a decisive impact on the development of the tertiary sector in general and in Romania in particular , we shall specify which are the economic tertiary activities that adapt fast to new changes occurred in the system of informational society. In this context we have to mention the systems of intelligent transport, electronic governance, medical system based on ICT online educational systems, as a possible response of the tertiary sector to the adaptation of technological progress benefits. In the first part of this paper we focused on the conceptual delimitation of scientific concepts at which we refer often such as: technological progress and innovative services which inevitably determine the evolution of tertiary sector under the impact of new modern technologies. On this background

  15. Understanding of Grassland Ecosystems under Climate Change and Economic Development Pressures in the Mongolia Plateau

    Science.gov (United States)

    Qi, J.; Chen, J.; Shan, P.; Pan, X.; Wei, Y.; Wang, M.; Xin, X.

    2011-12-01

    The land use and land cover change, especially in the form of grassland degradation, in the Mongolian Plateau, exhibited a unique spatio-temporal pattern that is a characteristic of a mixed stress from economic development and climate change of the region. The social dimension of the region played a key role in shaping the landscape and land use change, including the cultural clashes with economic development, conflicts between indigenous people and business ventures, and exogenous international influences. Various research projects have been conducted in the region to focus on physical degradation of grasslands and/or on economic development but there is a lack of understanding how the social and economic dimensions interact with grassland ecosystems and changes. In this talk, a synthesis report was made based on the most recent workshop held in Hohhot, Inner Mongolia, of China, that specifically focused on climate change and grassland ecosystems. The report analyzed the degree of grassland degradation, its climate and social drivers, and coupling nature of economic development and conservation of traditional grassland values. The goal is to fully understand the socio-ecological-economic interactions that together shape the trajectory of the grassland ecosystems in the Mongolia Plateau.

  16. Applying a System Dynamics Approach for Modeling Groundwater Dynamics to Depletion under Different Economical and Climate Change Scenarios

    Directory of Open Access Journals (Sweden)

    Hamid Balali

    2015-09-01

    Full Text Available In the recent decades, due to many different factors, including climate change effects towards be warming and lower precipitation, as well as some structural policies such as more intensive harvesting of groundwater and low price of irrigation water, the level of groundwater has decreased in most plains of Iran. The objective of this study is to model groundwater dynamics to depletion under different economic policies and climate change by using a system dynamics approach. For this purpose a dynamic hydro-economic model which simultaneously simulates the farmer’s economic behavior, groundwater aquifer dynamics, studied area climatology factors and government economical policies related to groundwater, is developed using STELLA 10.0.6. The vulnerability of groundwater balance is forecasted under three scenarios of climate including the Dry, Nor and Wet and also, different scenarios of irrigation water and energy pricing policies. Results show that implementation of some economic policies on irrigation water and energy pricing can significantly affect on groundwater exploitation and its volume balance. By increasing of irrigation water price along with energy price, exploitation of groundwater will improve, in so far as in scenarios S15 and S16, studied area’s aquifer groundwater balance is positive at the end of planning horizon, even in Dry condition of precipitation. Also, results indicate that climate change can affect groundwater recharge. It can generally be expected that increases in precipitation would produce greater aquifer recharge rates.

  17. Evidence against the continuum structure underlying motivation measures derived from self-determination theory.

    Science.gov (United States)

    Chemolli, Emanuela; Gagné, Marylène

    2014-06-01

    Self-determination theory (SDT) proposes a multidimensional conceptualization of motivation in which the different regulations are said to fall along a continuum of self-determination. The continuum has been used as a basis for using a relative autonomy index as a means to create motivational scores. Rasch analysis was used to verify the continuum structure of the Multidimensional Work Motivation Scale and of the Academic Motivation Scale. We discuss the concept of continuum against SDT's conceptualization of motivation and argue against the use of the relative autonomy index on the grounds that evidence for a continuum structure underlying the regulations is weak and because the index is statistically problematic. We suggest exploiting the full richness of SDT's multidimensional conceptualization of motivation through the use of alternative scoring methods when investigating motivational dynamics across life domains.

  18. A THEORY OF CONSUMER’S PERCEIVED RISK UNDER THE HALO EFFECT

    Directory of Open Access Journals (Sweden)

    Dorian-Laurenţiu FLOREA

    2015-06-01

    Full Text Available Despite being largely tackled by a manifold of sciences, perceived risk is still a rather unclear concept concerning its formation and update. In today’s economy, where poor purchase decisions are so easy to make, consumers have developed mental shields residing in actions based on perceived risk. This paper develops and tests a theory of perceived risk formation under the halo effect, based on correlation analysis in two forms: rankings individuals on their contribution to the correlations increase and partial correlations. Both internal and external halo effects were found, emerging from the perceived risk component – functional risk, financial risk, social risk, physical risk, psychological risk and time risk –, brand attitude, product category attitude, consumer’s regret, others’ regret expressed through word-of-mouth, recency, and awareness of awareness. The intricate halo that was revealed needs further attention from the scientific community in order to better delimit halo sources and, eventually, to explain its variability.

  19. A quantitative quasispecies theory-based model of virus escape mutation under immune selection.

    Science.gov (United States)

    Woo, Hyung-June; Reifman, Jaques

    2012-08-07

    Viral infections involve a complex interplay of the immune response and escape mutation of the virus quasispecies inside a single host. Although fundamental aspects of such a balance of mutation and selection pressure have been established by the quasispecies theory decades ago, its implications have largely remained qualitative. Here, we present a quantitative approach to model the virus evolution under cytotoxic T-lymphocyte immune response. The virus quasispecies dynamics are explicitly represented by mutations in the combined sequence space of a set of epitopes within the viral genome. We stochastically simulated the growth of a viral population originating from a single wild-type founder virus and its recognition and clearance by the immune response, as well as the expansion of its genetic diversity. Applied to the immune escape of a simian immunodeficiency virus epitope, model predictions were quantitatively comparable to the experimental data. Within the model parameter space, we found two qualitatively different regimes of infectious disease pathogenesis, each representing alternative fates of the immune response: It can clear the infection in finite time or eventually be overwhelmed by viral growth and escape mutation. The latter regime exhibits the characteristic disease progression pattern of human immunodeficiency virus, while the former is bounded by maximum mutation rates that can be suppressed by the immune response. Our results demonstrate that, by explicitly representing epitope mutations and thus providing a genotype-phenotype map, the quasispecies theory can form the basis of a detailed sequence-specific model of real-world viral pathogens evolving under immune selection.

  20. Fertility, income distribution, and economic growth: theory and cross-country evidence.

    Science.gov (United States)

    Galor, O; Zang, H

    1997-05-01

    The authors perform discriminatory, empirical tests of a theoretical model that predicts that family size adversely affects output per capita and nonsteady state growth rates. Neoclassical models posit that adverse output and nonsteady growth rates are affected by labor force growth (LFG) or population growth (PG). This study tests whether family size (FS) will be more significant than LFG or PG in explaining differences in economic growth (EG) rates across countries during 1960-88. A proxy variable for the public education system was used to separate government interventions on human capital formation from market forces. Data were obtained for 73 countries, which exclude centrally planned economies, oil-producing countries, and those with less than 1 million population. The empirical test is run with 58-country, 45-country, and 96-country samples to test for robustness and reliability. The empirical test supports the theoretical model. It demonstrates that equal distribution of income and smaller FS enhance EG. With income inequality, the effect of FS was significant, and the effect of the LFG rate or PG rate was insignificant. With a given FS, LFG was positively correlated with EG. A reduction of the net fertility rate by one point would increase the worker output growth rate by 0.25%, and the differences in growth rates between high- and low-fertility countries would be 1%. An increase in the income share of the bottom 60% would increase the growth rate of worker output by about 1%. Higher investments in public or private education would be conducive to growth.

  1. Analysis of creep curves produced by the linear viscoelasticity theory under cyclic stepwise loadings

    Directory of Open Access Journals (Sweden)

    Andrew V. Khokhlov

    2017-07-01

    Full Text Available Basic qualitative properties of the creep curves generated by the linear integral constitutive relation of viscoelasticity (with an arbitrary creep compliance under cyclic piecewise-constant uni-axial loadings (with an arbitrary asymmetry stress ratio are studied analytically. General formulas and a number of exact two-sided bounds are obtained for maximal, minimal and ratcheting strain values during each cycle, for their sequences limits, for the rate of plastic (non-recoverable strain accumulation and for cyclic creep curve deviation from the creep curve at constant stress which is equal to the cycle mean stress. Their dependence on loading cycle parameters and creep compliance properties are analyzed. Monotonicity and convexity intervals of cyclic creep curves, sequences of maximal and minimal strain values and ratcheting strain sequence, their evolution with cycle number growth and conditions for their boundedness, monotonicity and convergence are examined. The linear viscoelasticity theory abilities for simulation of ratcheting, creep acceleration, cyclic hardening or softening and cyclic stability under symmetric cyclic loadings are considered. The analysis carried out revealed the importance of convexity restriction imposed on a creep compliance and the governing role of its derivative limit value at infinity. It is proved that the limit value equality to zero is the criterion for non-accumulation of plastic strain, for memory fading and for asymptotic symmetrization of cyclic creep curve deviation from the creep curve at the mean stress. The qualitative features of theoretic cyclic creep curves are compared to basic properties of typical test creep curves of viscoelastoplastic materials under cyclic multi-step uni-axial loadings in order to elucidate the linear theory applicability scope, to reveal its abilities to provide an adequate description of basic rheological phenomena related to cyclic creep and to develop techniques of

  2. THE PRACTICAL APPLICATION OF UAV-BASED PHOTOGRAMMETRY UNDER ECONOMIC ASPECTS

    Directory of Open Access Journals (Sweden)

    M. Sauerbier

    2012-09-01

    Full Text Available Nowadays, small size UAVs (Unmanned Aerial Vehicles have reached a level of practical reliability and functionality that enables this technology to enter the geomatics market as an additional platform for spatial data acquisition. Though one could imagine a wide variety of interesting sensors to be mounted on such a device, here we will focus on photogrammetric applications using digital cameras. In praxis, UAV-based photogrammetry will only be accepted if it a provides the required accuracy and an additional value and b if it is competitive in terms of economic application compared to other measurement technologies. While a was already proven by the scientific community and results were published comprehensively during the last decade, b still has to be verified under real conditions. For this purpose, a test data set representing a realistic scenario provided by ETH Zurich was used to investigate cost effectiveness and to identify weak points in the processing chain that require further development. Our investigations are limited to UAVs carrying digital consumer cameras, for larger UAVs equipped with medium format cameras the situation has to be considered as significantly different. Image data was acquired during flights using a microdrones MD4-1000 quadrocopter equipped with an Olympus PE-1 digital compact camera. From these images, a subset of 5 images was selected for processing in order to register the effort of time required for the whole production chain of photogrammetric products. We see the potential of mini UAV-based photogrammetry mainly in smaller areas, up to a size of ca. 100 hectares. Larger areas can be efficiently covered by small airplanes with few images, reducing processing effort drastically. In case of smaller areas of a few hectares only, it depends more on the products required. UAVs can be an enhancement or alternative to GNSS measurements, terrestrial laser scanning and ground based photogrammetry. We selected the

  3. Investigating water productivity and economic efficiency of wheat-crop under different sowing methods

    International Nuclear Information System (INIS)

    Mirani, A.A.; Dahri, Z.H.

    2011-01-01

    This study was conducted at PARC's research station Kala Shah Kaku, Lahore, in order to calculate the water productivity and economic efficiency of wheat-crop under different sowing methods in a combined harvested paddy filed. The sowing methods were direct drilling with FMI Seeder, Zero tillage and conventional method. Data were collected during 2008-09. Wheat-yield was 2750 kg/ha, 2665 kg/ha and 2610 kg/ha for direct drilling with F MI Seeder, Zero tillage and conventional method, respectively. The direct drilling in heavy residue gave 5.4 % more yield than the conventional method and 3.2 % more yield than zero tillage. The zero tillage ensured 2.1% more yield than the conventional method. The net water applied as 323, 354, and 380 mm for direct drilling with FMI seeder, zero tillage and conventional methods respectively against the potential crop evapotranspiration of 383 mm. This indicates that the direct drilling of wheat-crop in heave rice stubbles saves 15% irrigation water as compared to conventional method and 8.8% over zero tillage. The zero tillage method saves 6.8 % of irrigation water over the conventional method. The water productivity was found to be 0.851 kg/m3. 0.753 kg/m/sup 3/ and 0.687 kg/m/sup 3/ for direct drilling with FMI Seeder, Zero tillage and conventional method respectively. This indicates that the direct drilling ensures 23.9% increase in water productivity over conventional method and 13.01% over zero tillage. The zero tillage gave 9.6% more water productivity than the conventional method. The costs of production for the three sowing methods were Rs. 39123/ha, Rs.43737/ha and Rs. 53047/ha for direct drilling, zero tillage and conventional method respectively. This indicates an overall saving of Rs. 13924/ha (26.2 %) by the direct drilling method as compared to the conventional method and Rs. 4613/ha (10.5%) over zero tillage method. The zero tillage saves Rs. 9319/ha (17.6 %) over the conventional method. Thus, the resource

  4. MODELLING OF TOURISM SERVICE DYNAMICS UNDER THE INFLUENCE OF ECONOMIC PATTERN OF SOCIETY

    Directory of Open Access Journals (Sweden)

    Lesya Buyak

    2016-11-01

    Full Text Available Tourism as a phenomenon of social life is a derivative of social development. Its appearance is attributed to the industrial stage of human development, which was inherent in the accelerated development of the productive forces, deepening division of labour, development of urbanization processes. Accelerated innovation changes related to scientific and technological progress contributed to the overall socio-economic development of certain countries, improve the living standards of their populations, changed the nature of work, method and way of life, especially evident in the XX century. Urbanization and changes in the settlement system, post-industrial phase of economic development, deepening comprehension of environmental issues and global dimension of humanity, humanization of all spheres of public life. The increase in tourist flows in all regions complicates the management of enterprises, schemes of partnership in the process in tourism, which, among other things, is accompanied by rising levels of consumer education, and therefore their quality requirements for end tourism product, the rapid increase in supply, there is a need to study the characteristics of consumer behaviour, search for existing reserves to build capacity of individual enterprises, isolation and effective use of effective methods and tools of influence on consumer choice of consumers. Development and implementation of an effective mechanism of formation of market supply needs an assessment of consumer behaviour on quantitative and qualitative indicators. The rapid development of tourism, of course, helps determine the types and methods of calculating these indicators. These problems and targeted research are considered in this article. The subject of research is the concept and tools of analysis, mathematical modelling of the economic structure of society in dynamic tourist services. Research methodology is economic and mathematical models, algorithms and processes

  5. How could differences in 'control over destiny' lead to socio-economic inequalities in health? A synthesis of theories and pathways in the living environment.

    Science.gov (United States)

    Whitehead, Margaret; Pennington, Andy; Orton, Lois; Nayak, Shilpa; Petticrew, Mark; Sowden, Amanda; White, Martin

    2016-05-01

    We conducted the first synthesis of theories on causal associations and pathways connecting degree of control in the living environment to socio-economic inequalities in health-related outcomes. We identified the main theories about how differences in 'control over destiny' could lead to socio-economic inequalities in health, and conceptualised these at three distinct explanatory levels: micro/personal; meso/community; and macro/societal. These levels are interrelated but have rarely been considered together in the disparate literatures in which they are located. This synthesis of theories provides new conceptual frameworks to contribute to the design and conduct of theory-led evaluations of actions to tackle inequalities in health. Copyright © 2016 The Authors. Published by Elsevier Ltd.. All rights reserved.

  6. Techniques for Analyzing the Attractiveness of International Commodity Markets Under Conditions of Economic Globalization

    Directory of Open Access Journals (Sweden)

    Olha Pryhara

    2006-03-01

    Full Text Available This article examines existing techniques and proposes its own for analyzing the attractiveness of international commodity markets in light of the globalization of world economic processes. Taking into account the supranational nature of the world economic environment when examining categories in the attractiveness of international commodity markets, the author introduces a multilevel system of indicators: market attractiveness at the mega-level – global level; market attractiveness at the macro-level national level; market attractiveness at the mezo-level – level of an individual sector. The attractiveness of international commodity markets is considered to be the degree of conformity between market environment factors and the mega-, macro- and mezo-levels of the economic interests of enterprises concerning the entry into and strategies for their activity on the international commodity markets in the short-, medium- and long-term. The author designs a stage-by-stage technique for strategically analyzing the attractiveness of international commodity markets in order to frame efficient market strategies of enterprises. Relying on the proposed techniques, she rates the integrated indicators of market accessibility and the possibility of realizing the economic interests of enterprises in target markets, bringing the index data into a matrix of «market accessibility – opportunity for realizing the economic interests of enterprises.» The analysis of a country’s position in the matrix makes it possible to frame efficient market strategies for enterprises.

  7. An Investigation of the Mechanism Underlying Teacher Aggression: Testing I[superscript 3] Theory and the General Aggression Model

    Science.gov (United States)

    Montuoro, Paul; Mainhard, Tim

    2017-01-01

    Background: Considerable research has investigated the deleterious effects of teachers responding aggressively to students who misbehave, but the mechanism underlying this dysfunctional behaviour remains unknown. Aims: This study investigated whether the mechanism underlying teacher aggression follows I[superscript 3] theory or General Aggression…

  8. Economic Performance of Traditional and Modern Rice Varieties under Different Water Management Systems

    Directory of Open Access Journals (Sweden)

    Manel Ben Hassen

    2017-02-01

    Full Text Available Italian rice production is progressively threatened by water scarcity. Some strategies have been developed to reduce water use. Nevertheless, reducing water irrigation amounts may lower paddy rice production. This publication compares the productivity and the economic performances of traditional and modern rice varieties in northern Italy using two different water management systems. The objective of this analysis is to enhance Italian rice cultivation at the economic, environmental and agronomic levels. Some positive variations of water productivity and economic water productivity were observed for the two varieties when using a lower amount of irrigation water. However, actual production costs and most water supply fees are the same for all the irrigation methods. Furthermore, the study of agronomic traits shows that during the recent years, there were no significant differences or increases of yield among varieties. Consequently, to be adopted by farmers, the irrigation costs coupled with improved rice accessions need to be optimized.

  9. The model of localized business community economic development under limited financial resources: computer model and experiment

    Directory of Open Access Journals (Sweden)

    Berg Dmitry

    2016-01-01

    Full Text Available Globalization processes now affect and are affected by most of organizations, different type resources, and the natural environment. One of the main restrictions initiated by these processes is the financial one: money turnover in global markets leads to its concentration in the certain financial centers, and local business communities suffer from the money lack. This work discusses the advantages of complementary currency introduction into a local economics. By the computer simulation with the engineered program model and the real economic experiment it was proved that the complementary currency does not compete with the traditional currency, furthermore, it acts in compliance with it, providing conditions for the sustainable business community development.

  10. Transverse signal decay under the weak field approximation: Theory and validation.

    Science.gov (United States)

    Berman, Avery J L; Pike, G Bruce

    2017-12-01

    To derive an expression for the transverse signal time course from systems in the motional narrowing regime, such as water diffusing in blood. This was validated in silico and experimentally with ex vivo blood samples. A closed-form solution (CFS) for transverse signal decay under any train of refocusing pulses was derived using the weak field approximation. The CFS was validated via simulations of water molecules diffusing in the presence of spherical perturbers, with a range of sizes and under various pulse sequences. The CFS was compared with more conventional fits assuming monoexponential decay, including chemical exchange, using ex vivo blood Carr-Purcell-Meiboom-Gill data. From simulations, the CFS was shown to be valid in the motional narrowing regime and partially into the intermediate dephasing regime, with increased accuracy with increasing Carr-Purcell-Meiboom-Gill refocusing rate. In theoretical calculations of the CFS, fitting for the transverse relaxation rate (R 2 ) gave excellent agreement with the weak field approximation expression for R 2 for Carr-Purcell-Meiboom-Gill sequences, but diverged for free induction decay. These same results were confirmed in the ex vivo analysis. Transverse signal decay in the motional narrowing regime can be accurately described analytically. This theory has applications in areas such as tissue iron imaging, relaxometry of blood, and contrast agent imaging. Magn Reson Med, 2017. © 2017 International Society for Magnetic Resonance in Medicine. © 2017 International Society for Magnetic Resonance in Medicine.

  11. Flory-type theories of polymer chains under different external stimuli

    Science.gov (United States)

    Budkov, Yu A.; Kiselev, M. G.

    2018-01-01

    In this Review, we present a critical analysis of various applications of the Flory-type theories to a theoretical description of the conformational behavior of single polymer chains in dilute polymer solutions under a few external stimuli. Different theoretical models of flexible polymer chains in the supercritical fluid are discussed and analysed. Different points of view on the conformational behavior of the polymer chain near the liquid–gas transition critical point of the solvent are presented. A theoretical description of the co-solvent-induced coil-globule transitions within the implicit-solvent-explicit-co-solvent models is discussed. Several explicit-solvent-explicit-co-solvent theoretical models of the coil-to-globule-to-coil transition of the polymer chain in a mixture of good solvents (co-nonsolvency) are analysed and compared with each other. Finally, a new theoretical model of the conformational behavior of the dielectric polymer chain under the external constant electric field in the dilute polymer solution with an explicit account for the many-body dipole correlations is discussed. The polymer chain collapse induced by many-body dipole correlations of monomers in the context of statistical thermodynamics of dielectric polymers is analysed.

  12. Application of game theory and new institutional economics in establishing a National Voluntary Organisation for Professional Evaluation in Nigeria

    Directory of Open Access Journals (Sweden)

    Denis Jobin

    2017-07-01

    Results and conclusion: To break this barrier, we proposed a new deal to the leaders that had the advantages of reshaping the ‘rules of the game’. We proposed a federation of associations, akin to a coalition in game theory. The result was that all leaders came together under this umbrella organisation, to celebrate the evaluation year in 2015 and committed under the Abuja Declaration on Evaluation to register and establish an association, with an elected board, a written constitution and election bylaws. The association is governed by a Board of Trustees, which is chaired by the former Minister of Planning. Elections are planned for the end of 2017.

  13. Optimal Dynamic Investment Policy under Different Rates for Tax Depreciation and Economic Depreciation

    NARCIS (Netherlands)

    Wielhouwer, J.L.; De Waegenaere, A.M.B.; Kort, P.M.

    1999-01-01

    This paper analyzes the consequences of incorporating a different rate for tax depreciation than for economic depreciation. Firms most often choose their tax depreciation rate in a strategic way. It would therefore be a coincidence if this optimization process leads to a tax depreciation rate that

  14. Economics of cutting wood parts with a laser under optical image analyzer control

    Science.gov (United States)

    Henry E. Huber; Charles W. McMillin; Arthur Rasher

    1982-01-01

    A financial analysis using discounted cash-flow techniques was used to determine the economic feasibility of a new laser lumber processing system for use in a furniture rough mill. The projected cost of the system was $790,000 which would replace conventional crosscut and ripsaws costing $256,856. A financial analysis was made assuming only a 5 percent yield increase...

  15. Modelling and economic evaluation of forest biome shifts under climate change in Southwest Germany

    Science.gov (United States)

    Marc Hanewinkel; Susan Hummel; Dominik. Cullmann

    2010-01-01

    We evaluated the economic effects of a predicted shift from Norway spruce (Picea abies) to European beech (Fagus sylvatica) for a forest area of 1.3 million ha in southwest Germany. The shift was modelled with a generalized linear model (GLM) by using presence/absence data from the National Forest Inventory in Baden-Wurttemberg...

  16. Economic dynamics under heterogeneous learning: necessary and sufficient conditions for stability

    Czech Academy of Sciences Publication Activity Database

    Kolyuzhnov, Dmitri

    -, č. 378 (2008), s. 1-45 ISSN 1211-3298 R&D Projects: GA MŠk LC542 Institutional research plan: CEZ:AV0Z70850503 Keywords : adaptive learning * stability of equilibrium * heterogeneous agents Subject RIV: AH - Economics http://www.cerge-ei.cz/pdf/wp/Wp378.pdf

  17. ECOLOGICAL AND ECONOMIC DYNAMICS OF THE SHUNDE AGRICULTURAL SYSTEM UNDER CHINA'S SMALL CITY DEVELOPMENT STRATEGY

    Science.gov (United States)

    The development of small cities has been adopted as the main strategy to make full use of extra labor in the rural areas of China. The ecological and economic consequences of this development will affect over 100 million people and change the organization of agricultural systems ...

  18. Financing aspects of nuclear power plant construction under Polish economic conditions

    International Nuclear Information System (INIS)

    Besant-Jones, John E.

    1999-01-01

    Within the framework of the new Polish Energy Law the different issues important far financing a programme to develop nuclear power power in Poland such as: economic competitiveness of nuclear power, financing options for nuclear power projects, managing the various risks for financing nuclear power as well as nuclear and business liability are considered. The importance of policy issues is stressed

  19. Challenges for sport-for-all under the socio-economic conditions of ...

    African Journals Online (AJOL)

    "Sport for all" is accepted and implemented globally as an inclusive, compensatory social tool. To have a sustainable impact it has to address and understand the socio-economic conditions of a specific area or community. In this study the manifestation of Sport for all as such a tool in the South African society is evaluated by ...

  20. IT Investment Guidelines in Taiwan's IT Industry under a Global Economic Downturn

    Science.gov (United States)

    Cha, Un Un

    2011-01-01

    The current qualitative phenomenological study focused on how information technology (IT) leaders managed IT investment during the global economic downturn in the Taiwan IT industry. Organizations around the world spend billions of dollars on IT-related products and services every year. Determining an effective IT investment plan is a complex task…

  1. Economic analysis of adaptive strategies for flood risk management under climate change

    NARCIS (Netherlands)

    Pol, van der T.D.; Ierland, van E.C.; Gabbert, S.G.M.

    2017-01-01

    Climate change requires reconsideration of flood risk management strategies. Cost-benefit analysis (CBA), an economic decision-support tool, has been widely applied to assess these strategies. This paper aims to describe and discuss probabilistic extensions of CBA to identify welfare-maximising

  2. Water scarcity under various socio-economic pathways and its potential effects on food production in the Yellow River basin

    Science.gov (United States)

    Yin, Yuanyuan; Tang, Qiuhong; Liu, Xingcai; Zhang, Xuejun

    2017-02-01

    Increasing population and socio-economic development have put great pressure on water resources of the Yellow River (YR) basin. The anticipated climate and socio-economic changes may further increase water stress. Many studies have investigated the changes in renewable water resources under various climate change scenarios, but few have considered the joint pressure from both climate change and socio-economic development. In this study, we assess water scarcity under various socio-economic pathways with emphasis on the impact of water scarcity on food production. The water demands in the 21st century are estimated based on the newly developed shared socio-economic pathways (SSPs) and renewable water supply is estimated using the climate projections under the Representative Concentration Pathway (RCP) 8.5 scenario. The assessment predicts that the renewable water resources would decrease slightly then increase. The domestic and industrial water withdrawals are projected to increase in the next a few decades and then remain at the high level or decrease slightly during the 21st century. The increase in water withdrawals will put the middle and lower reaches in a condition of severe water scarcity beginning in the next a few decades. If 40 % of the renewable water resources were used to sustain ecosystems, a portion of irrigated land would have to be converted to rain-fed agriculture, which would lead to a 2-11 % reduction in food production. This study highlights the links between water, food and ecosystems in a changing environment and suggests that trade-offs should be considered when developing regional adaptation strategies.

  3. Salient Public Beliefs Underlying Disaster Preparedness Behaviors: A Theory-Based Qualitative Study.

    Science.gov (United States)

    Najafi, Mehdi; Ardalan, Ali; Akbarisari, Ali; Noorbala, Ahmad Ali; Elmi, Helen

    2017-04-01

    stakeholder groups is needed to understand their perceptions about DPB in creating the people's social environment. Najafi M , Ardalan A , Akbarisari A , Noorbala AA , Elmi H . Salient public beliefs underlying disaster preparedness behaviors: a theory-based qualitative study. Prehosp Disaster Med. 2017;32(2):124-133 .

  4. Relationship of Energy Growth to Economic Growth under Alternative Energy Policies

    Energy Technology Data Exchange (ETDEWEB)

    Behling, Jr., D. J.; Dullien, R.; Hudson, E.

    1976-03-01

    This report is the first of a series of studies that will analyze the economic and social impacts of research, development, and demonstration plans of the Energy Research and Development Administration. Two policy proposals were examined against a Base Case set of economic and energy projections for the years 1985, 1990, and 2000: (1) the introduction of RD and D-initiated energy supply and end-use conversion technologies to expand domestic energy supply and to improve the efficiency and flexibility of its use; and (2) the imposition of taxes and tariffs on petroleum and natural gas to reduce demand for these primary energy sources. Targets for the amounts of imports of oil and gas were specified by ERDA as follows: 10 percent (or less) of total U.S. energy consumption in 1985; 8 percent (or less) of total U.S. energy consumption in 1990; and 5 percent (or less) of total U.S. energy consumption in 2000. The purpose of the analysis was to first identify the degree to which the introduction of new energy technologies and/or the imposition of energy taxes could reduce oil and gas imports toward the target levels; and second, to estimate the effects of these policies on the economy and the environment. These economic and environmental effects are thus a measure of the costs associated with meeting the import targets. The benefits of these policies, in the form of increased economic and political security were not measured. The analysis was based on an analytic framework which linked detailed mathematical process engineering and economic models to more aggregate econometric models. The four models employed are described.

  5. Smith’s Economic Morals : An Introduction

    OpenAIRE

    Emmanuel S. de Dios

    2009-01-01

    This article introduces the moral philosophy underlying Smith's contributions to economics and emphasises the close connection between Smith's two principal works, the Theory of moral sentiments and the Wealth of nations.

  6. 76 FR 31425 - HIPAA Privacy Rule Accounting of Disclosures Under the Health Information Technology for Economic...

    Science.gov (United States)

    2011-05-31

    ... regarding the purpose of a disclosure, and to what extent individuals are familiar with activities that may..., neglect, or domestic violence under Sec. 164.512(c); disclosures for health oversight activities under Sec... related to reports of adult abuse, neglect, or domestic violence under Sec. 164.512(c). As with the...

  7. Game theory, alive

    CERN Document Server

    Karlin, Anna R

    2016-01-01

    This book presents a rigorous introduction to the mathematics of game theory without losing sight of the joy of the subject. This is done by focusing on theoretical highlights (e.g., at least six Nobel Prize winning results are developed from scratch) and by presenting exciting connections of game theory to other fields, such as computer science, economics, social choice, biology, and learning theory. Both classical topics, such as zero-sum games, and modern topics, such as sponsored search auctions, are covered. Along the way, beautiful mathematical tools used in game theory are introduced, including convexity, fixed-point theorems, and probabilistic arguments. The book is appropriate for a first course in game theory at either the undergraduate or graduate level, whether in mathematics, economics, computer science, or statistics. Game theory's influence is felt in a wide range of disciplines, and the authors deliver masterfully on the challenge of presenting both the breadth and coherence of its underlying ...

  8. Predicting Attitudes toward Press- and Speech Freedom across the U.S.A.: A Test of Climato-Economic, Parasite Stress, and Life History Theories.

    Science.gov (United States)

    Zhang, Jinguang; Reid, Scott A; Xu, Jing

    2015-01-01

    National surveys reveal notable individual differences in U.S. citizens' attitudes toward freedom of expression, including freedom of the press and speech. Recent theoretical developments and empirical findings suggest that ecological factors impact censorship attitudes in addition to individual difference variables (e.g., education, conservatism), but no research has compared the explanatory power of prominent ecological theories. This study tested climato-economic, parasite stress, and life history theories using four measures of attitudes toward censoring the press and offensive speech obtained from two national surveys in the U.S.A. Neither climate demands nor its interaction with state wealth--two key variables for climato-economic theory--predicted any of the four outcome measures. Interstate parasite stress significantly predicted two, with a marginally significant effect on the third, but the effects became non-significant when the analyses were stratified for race (as a control for extrinsic risks). Teenage birth rates (a proxy of human life history) significantly predicted attitudes toward press freedom during wartime, but the effect was the opposite of what life history theory predicted. While none of the three theories provided a fully successful explanation of individual differences in attitudes toward freedom of expression, parasite stress and life history theories do show potentials. Future research should continue examining the impact of these ecological factors on human psychology by further specifying the mechanisms and developing better measures for those theories.

  9. Strategy for the expansion of renewable energies. An investigation of the pricing strategy of the Renewable Energy Law from the viewpoint of an evolutionary cybernetic theory of economic policy

    International Nuclear Information System (INIS)

    Schlueter, Fabian

    2015-01-01

    This publication reports on how the steadily increasing costs caused by the Renewable Energy Law (EEG) have brought the German strategy for the expansion of renewable energies under criticism. According to theories of regulatory economic policy, which state that politico-economic incentives of this kind must necessarily result in an inefficient allocation of scarce resources, this cost increase can be interpreted as a direct consequence of the price intervention. The present publication takes a critical stance on this viewpoint, developing for its purpose a new position on regulatory policy referred to as the evolutionary cybernetic theory of economic policy. It starts out from the works of F.A. von Hayek, which it then takes a significant step further however. The author argues that price interventions can be meaningful strategies of economic policy as long as they are aimed at a temporary initiation of market development towards sustainability and efficiency. Based on this model conception of a shrewd pricing strategy the publication undertakes an analysis from the perspective of regulatory policy of the German subsidisation of renewable energies. In the process it not only reveals errors in design of the EEG but also makes a proposal for an amendment that could be effective in cutting through the present price dynamics. In presenting its recommendation of a self-steering expansion policy the publication not only contributes to the further development of an evolutionary cybernetic theory of economic policy but addresses the urgent problem of how to wisely use regulatory policy to create pricing strategies which serve the expansion of renewable energies.

  10. Economics of "essential use exemptions" for metered-dose inhalers under the Montreal Protocol.

    Science.gov (United States)

    DeCanio, Stephen J; Norman, Catherine S

    2007-10-01

    The Montreal Protocol on Substances that Deplete the Ozone Layer has led to rapid reductions in the use of ozone-depleting substances worldwide. However, the Protocol provides for "essential use exemptions" (EUEs) if there are no "technically and economically feasible" alternatives. An application that might qualify as an "essential use" is CFC-powered medical metered-dose inhalers (MDIs) for the treatment of asthma and chronic obstructive pulmonary disease (COPD), and the US and other nations have applied for exemptions in this case. One concern is that exemptions are necessary to ensure access to medications for low-income uninsureds. We examine the consequences of granting or withholding such exemptions, and conclude that government policies and private-sector programs are available that make it economically feasible to phase out chlorofluorocarbons (CFCs) in this application, thereby furthering the global public health objectives of the Montreal Protocol without compromising the treatment of patients who currently receive medication by means of MDIs.

  11. Harsh choices: Chinese women's paid work and unpaid care responsibilities under economic reform.

    Science.gov (United States)

    Cook, Sarah; Dong, Xiao-yuan

    2011-01-01

    China's economic reforms over the past three decades have dramatically changed the mechanisms for allocating goods and labour in both market and non-market spheres. This article examines the social and economic trends that intensify the pressure on the care economy, and on women in particular in playing their dual roles as care givers and income earners in post-reform China. The analysis sheds light on three critical but neglected issues. How does the reform process reshape the institutional arrangements of care for children and elders? How does the changing care economy affect women's choices between paid work and unpaid care responsibilities? And what are the implications of women's work–family conflicts for the well-being of women and their families? The authors call for a gendered approach to both social and labour market policies, with investments in support of social reproduction services so as to ease the pressures on women.

  12. Forecasting future utility and industrial SO/sub 2/ emissions under regulatory and economic uncertainty

    Energy Technology Data Exchange (ETDEWEB)

    Pechan, E.H.; Graves, K.; Turner, D.

    1985-01-01

    In this paper, national and regional forecasts of sulfur dioxide (SO/sub 2/) emissions from various source sectors are presented. The results focus on the effects of alternative economic and regulatory scenarios on the emission patterns. These emission estimates were obtained using the Environmental Trends Analysis Model II (ETAM II), an environmental forecasting model originally developed to support the U.S. Department of Energy's (DOE) 1983 National Energy Policy Plan (NEPP). Since then, it has been updated with modified algorithms, additional capabilities, and additional data. The resulting model, ETAM II, has been used for policy and sensitivity analyses in support of programs such as the Interagency Disability Task Force and the Interagency Prevention of Significant Deterioration Task Force. ETAM II is unique in that it both covers numerous residuals and all economic sectors discharging those residuals, and it is easy to use for policy analysis purposes.

  13. Combining emperical and theory-based land use modelling approaches to assess future availability of land and economic potential for sustainable biofuel production: Argentina as a case study

    NARCIS (Netherlands)

    Diogo, V.; van der Hilst, Floortje; van Eijck, Janske; Faaij, André; Verstegen, Judith; Hilbert, J.; Carballo, S.; Volante, J.

    2014-01-01

    In this paper, a land-use modelling framework is presented combining empirical and theory-based modelling approaches to determine economic potential of biofuel production avoiding indirect land-use changes (iLUC) resulting from land competition with other functions. The empirical approach explores

  14. Combining empirical and theory-based land-use modelling approaches to assess economic potential of biofuel production avoiding iLUC: Argentina as a case study

    NARCIS (Netherlands)

    Diogo, V.; van der Hilst, F.; van Eijck, J.; Verstegen, J.A.; Hilbert, J.; Carballo, S.; Volante, J.; Faaij, A.

    2014-01-01

    In this paper, a land-use modelling framework is presented combining empirical and theory-based modelling approaches to determine economic potential of biofuel production avoiding indirect land-use changes (iLUC) resulting from land competition with other functions. The empirical approach explores

  15. Economic Sustainability of Organic Aloe Vera Farming in Greece under Risk and Uncertainty

    Directory of Open Access Journals (Sweden)

    Angelos Liontakis

    2016-04-01

    Full Text Available During the last decade, an encouraging environment for the restructuring and modernization of the agricultural sector has formed in Greece. The diversification into higher-value crops can be a promising option for small and average-sized farms, particularly during the current economic crisis. One of the most promising alternative crops that have been recently established in Greece is the organic Aloe vera crop. The main advantage of this crop is that it can utilize poor farmlands and, therefore, can facilitate rural development in marginal areas. This study explores the economic sustainability of the Aloe vera crop, considering the embedded risk and uncertainty. The results indicate that organic aloe farming is a promising alternative to “traditional” crops in Greece, particularly for family farms in rural areas. In contrast, this activity is not advisable to the most entrepreneurial type of farmers, unless their crop size allows economies of scales. Finally, the Stochastic Efficiency with Respect to a Function (SERF analysis associates farmers’ risk attitude with their willingness to be involved in organic Aloe vera farming. SERF analysis highlights the crucial role of farmers’ risk aversion and concludes that, above a certain level of risk aversion, farmers have no incentive to adopt this economic activity.

  16. Environmental and social risk evaluation of overseas investment under the China-Pakistan Economic Corridor.

    Science.gov (United States)

    Zhang, Ruilian; Andam, Francis; Shi, Guoqing

    2017-06-01

    Along with the further implementation of the "One Belt, One Road" initiative and the promotion of the China-Pakistan Economic Corridor (CPEC), the construction of the CPEC will likely face challenges owing to differences between China and Pakistan in politics, economics, culture, religion, language, customs, environmental management systems, environmental protection laws, social management systems, and social management regulations. To address potential environmental and social risks associated with Chinese enterprises as they invest in the CPEC region, this paper examines previous studies addressing topics such as the environmental and social safeguards of international institutions and Pakistan's domestic environmental and social management requirements. We then systematically identify the environmental and social risk factors involved in CPEC construction, which cover risks regarding water, air, soil, noise, biodiversity, politics, economics, culture, technology, and individuals. By establishing and calculating these risks and using a multi-fuzzy comprehensive evaluation model, we found that noise and individual risks belong to a medium risk category, while others belong to a higher risk category. In view of these risks, the Chinese government must create a friendly and peaceful environment for Chinese enterprises to invest in the CPEC region, and Chinese enterprises must adopt a development strategy of strength and capacity building and establish enterprises capable of addressing environmental and social issues during the investment process. All stakeholders must understand that if no determined and diligent steps are taken, CPEC construction might be doomed for failure from the start.

  17. Intergenerational aspects of government policy under changing demographic and economic conditions.

    Science.gov (United States)

    Boskin, M J

    1987-07-01

    Changing demographic and economic conditions in the US require that attention be given to some of the intergenerational equity features of government policy. In particular, social insurance programs and public debt leave public liabilities to future generations. Taken in the aggregate, the effects of rapidly rising public debt and especially social insurance programs are transferring substantial amounts of resources from younger working generations to the expanding generation of retirees. The most crucial element in evaluating the desirability of intergenerational wealth distribution in the long run is the rate of economic growth. A society's monetary, fiscal, tax, and regulatory policies can be more or less conducive to the generation of capital formation, technical change, and economic growth. Policies that influence growth and interest rates will combine with the national deficit to determine how rapidly the debt grows or shrinks. Present accounting procedures are insufficient to provide quantitative answers to the question of what is the impact of a given program on the age-specific distributions of resources. It is important to reconsider the desirability and efficiency of intergenerational redistributions of wealth in the US. It is likely that current policies are not in line with the principles of efficiency, equity, target effectiveness, and cost effectiveness.

  18. Optimal scale of China's cities under the maximization of economic benefits and environmental benefits.

    Science.gov (United States)

    Li, Li; Lei, Yalin; Wu, Sanmang; He, Chunyan; Chen, Jiabin; Yan, Dan

    2017-08-01

    The cities are the consumption concentration of energy, resources, and the concentration of CO 2 emissions. The cities' area only accounted for 2% in the world's surface; however, their population accounted for about 50% of the total population, and CO 2 emissions accounted for about 80% of the total emissions. The cities lie in a key position in solving the global climate change. China's urbanization level was just exceeding by 50%, which was in the intermediate stage of urbanization. The rapid development of the urbanization process and the expansion of city scale have brought economic growth and all kinds of environmental issues. Therefore, is there an optimal city scale which can make cities maintain economic growth and can also reduce or even avoid the environmental problems in the meantime? The question deserves deep research. Based on the background, the data from 1998 to 2014, and the goals of the cities' economic and environmental benefits, this paper builds the optimal scale model for the cities, and obtain two conclusions: (1) in a certain period and range, the cities have the optimal scale; (2) for the cities in China, the optimal scale is about 1.78 million people.

  19. Europe 2020 Strategy’s Viability under This More Volatile Economic World

    Directory of Open Access Journals (Sweden)

    Romeo-Victor Ionescu

    2015-02-01

    Full Text Available The global crisis accentuated the competition between the greatest world economic actors. One of them, the EU28, tried to find, as solution to support its economic growth, the Cohesion Policy. The paper is focused on the analysis of the results of the Cohesion Policy and the perspectives of the new strategy Europe 2020. In order to do these, the paper uses the latest official statistic data and divides the analysis into three periods: until 2012, during 2012-2014 and during 2015-2020. The analysis is based on three elements (a comparative trend analysis, followed by a cluster analysis and a forecast using SPSS19 software and takes into considerations four important macroeconomic indicators. The main conclusion of the paper is that the objectives of the Europe 2020 strategy will be not achieved and the socio-economic disparities will increase across the EU in 2020.All conclusions of the analysis are supported by pertinent diagrams and statistic tables.

  20. Foundational concepts and underlying theories for majors in "biochemistry and molecular biology".

    Science.gov (United States)

    Tansey, John T; Baird, Teaster; Cox, Michael M; Fox, Kristin M; Knight, Jennifer; Sears, Duane; Bell, Ellis

    2013-01-01

    Over the past two years, through an NSF RCN UBE grant, the ASBMB has held regional workshops for faculty members and science educators from around the country that focused on identifying: 1) core principles of biochemistry and molecular biology, 2) essential concepts and underlying theories from physics, chemistry, and mathematics, and 3) foundational skills that undergraduate majors in biochemistry and molecular biology must understand to complete their major coursework. Using information gained from these workshops, as well as from the ASBMB accreditation working group and the NSF Vision and Change report, the Core Concepts working group has developed a consensus list of learning outcomes and objectives based on five foundational concepts (evolution, matter and energy transformation, homeostasis, information flow, and macromolecular structure and function) that represent the expected conceptual knowledge base for undergraduate degrees in biochemistry and molecular biology. This consensus will aid biochemistry and molecular biology educators in the development of assessment tools for the new ASBMB recommended curriculum. © 2013 by The International Union of Biochemistry and Molecular Biology.

  1. The Cost of Economic Literacy: How Well Does a Literacy-Targeted Principles of Economics Course Prepare Students for Intermediate Theory Courses?

    Science.gov (United States)

    Gilleskie, Donna B.; Salemi, Michael K.

    2012-01-01

    In a typical economics principles course, students encounter a large number of concepts. In a literacy-targeted course, students study a "short list" of concepts that they can use for the rest of their lives. While a literacy-targeted principles course provides better education for nonmajors, it may place economic majors at a…

  2. Using behavioral economic theory to increase use of effective contraceptives among opioid-maintained women at risk of unintended pregnancy.

    Science.gov (United States)

    Heil, Sarah H; Hand, Dennis J; Sigmon, Stacey C; Badger, Gary J; Meyer, Marjorie C; Higgins, Stephen T

    2016-11-01

    An unsettling aspect of the US opioid epidemic is the high rate of in utero exposure, especially since most of these pregnancies are unintended, due in part to low rates of effective contraceptive use among opioid-using women. This study tested an intervention informed by behavioral economic theory and aimed at promoting effective contraceptive use among opioid-maintained women at risk of unintended pregnancy in the Burlington, VT, area between 2011 and 2013. Thirty-one women were assigned (initial 5 consecutively, subsequent 26 randomly) to either usual care or an experimental intervention. Participants in usual care received condoms, a dose of emergency contraception, and referral to local providers. Participants in the experimental condition received usual care plus the World Health Organization's contraception initiation protocol, including free prescription contraceptives, and financial incentives for attending 13 follow-up visits over 6months to help manage side effects and other issues. Significantly more women in the experimental vs. usual care control conditions initiated prescription contraceptive use (100% vs. 29%) and reported prescription contraceptive use at 1-month (63% vs. 13%), 3-month (88% vs. 20%), and 6-month (94% vs. 13%) assessments. None of the experimental condition participants became pregnant during the 6-month protocol vs. three women (20%) in the control condition. These results provide the first experimental evidence supporting the efficacy of an intervention for increasing prescription contraceptive use among opioid-maintained women at risk of unintended pregnancy. Copyright © 2016 Elsevier Inc. All rights reserved.

  3. Using Behavioral Economic Theory to Increase Use of Effective Contraceptives among Opioid-maintained Women at Risk of Unintended Pregnancy

    Science.gov (United States)

    Heil, Sarah H.; Hand, Dennis J.; Sigmon, Stacey C.; Badger, Gary J.; Meyer, Marjorie C.; Higgins, Stephen T.

    2016-01-01

    Objective An unsettling aspect of the US opioid epidemic is the high rate of in utero exposure, especially since most of these pregnancies are unintended, due in part to low rates of effective contraceptive use among opioid-using women. This study tested an intervention informed by behavioral economic theory and aimed at promoting effective contraceptive use among opioid-maintained women at risk of unintended pregnancy in the Burlington, VT area between 2011–2013. Methods Thirty-one women were assigned (initial 5 consecutively, subsequent 26 randomly) to either usual care or an experimental intervention. Participants in usual care received condoms, a dose of emergency contraception, and referral to local providers. Participants in the experimental condition received usual care plus the World Health Organization’s contraception initiation protocol, including free prescription contraceptives, and financial incentives for attending 13 follow-up visits over 6 months to help manage side effects and other issues. Results Significantly more women in the experimental vs. usual care control conditions initiated prescription contraceptive use (100% vs. 29%) and reported prescription contraceptive use at 1-month (63% vs. 13%), 3-month (88% vs. 20%), and 6-month (94% vs. 13%) assessments. None of the experimental condition participants became pregnant during the 6-month protocol vs. three women (20%) in the control condition. Conclusions These results provide the first experimental evidence supporting the efficacy of an intervention for increasing prescription contraceptive use among opioid-maintained women at risk of unintended pregnancy. PMID:27346756

  4. The normative method of positive economic theory El método normativo de la teoria económica positiva

    Directory of Open Access Journals (Sweden)

    Benetti Carlo

    1997-06-01

    Full Text Available Economists tend to designate as normative economics that part of the theory which, according to the theorems of welfare or efficiency, create the foundation of political economy. This article defends two theses: first, that the normative is not only a part of economic theory, but also the method of building the positive economic ideas in the currently dominant neoclassical theory. This method allows that theory to claim to unify economic thought, eliminating the possibility and the necessity for alternative approaches. Nevertheless, and this is the second thesis, there are no legitimate theoretical reasons to accept this methnodology; thus it is impera tive to build a new basic theory.Los economistas suelen designar como economía normativa aquella parte de la teoría que, de acuerdo con los teoremas de bienestar o de la eficiencia, crea el fundamento de la política económica. Este artículo defiende dos tesis: primera, que lo normativo no sólo es una parte de la teoría económica sino, también, el método de construcción de las ideas economicas positivas de la teoría neoclásica hoy dominante. Este método permite que esta teoría pretenda unificar el pensamiento económico eliminando la posiilidad y la necesidad de enfoques alternativos. Sin embargo, y ésta la segunda tesis, no hay razones teóricas legítimas para aceptar esa metodología; de modo que es imperioso construir una nueva teoría básica.

  5. Free Competition Theory and the secret agreements between companies. Saint-Gobain under the charges of cartel

    Directory of Open Access Journals (Sweden)

    Andreas STAMATE

    2011-12-01

    Full Text Available The European view of economic competition, which is the European Parliament view and enforced by the European Commission does not have a coherent theory of efficiency in allocating resources and justice on a market. The positive law proceeds at incriminating and penalizing with arbitrarily fixed fines the players on different markets but not offering a definition of what competition or free market means, not to mention a theory of the firm. It delivers, of course, a sort of theory, but we argue that it is not coherent and moreover, pretends to be what it cannot possible be, nam¬ely free of any value judgments. The present paper exposes an alternative view to the theory used by EC when decided to fine with 1.4 billion euros the European car glass suppliers Saint-Gobain, Pilkington, AGC and Soliver for cartelizing, and it also presents the case from the perspective of free competition theory based on private property rights of owners.

  6. An Economic Assessment of Local Farm Multi-Purpose Surface Water Retention Systems under Future Climate Uncertainty

    Directory of Open Access Journals (Sweden)

    Pamela Berry

    2017-03-01

    Full Text Available Regions dependent on agricultural production are concerned about the uncertainty associated with climate change. Extreme drought and flooding events are predicted to occur with greater frequency, requiring mitigation strategies to reduce their negative impacts. Multi-purpose local farm water retention systems can reduce water stress during drought periods by supporting irrigation. The retention systems’ capture of excess spring runoff and extreme rainfall events also reduces flood potential downstream. Retention systems may also be used for biomass production and nutrient retention. A sub-watershed scale retention system was analysed using a dynamic simulation model to predict the economic advantages in the future. Irrigated crops using water from the downstream reservoir at Pelly’s Lake, Manitoba, Canada, experienced a net decrease in gross margin in the future due to the associated irrigation and reservoir infrastructure costs. However, the multi-purpose benefits of the retention system at Pelly’s Lake of avoided flood damages, nutrient retention, carbon sequestration, and biomass production provide an economic benefit of $25,507.00/hectare of retention system/year. Multi-purpose retention systems under future climate uncertainty provide economic and environmental gains when used to avoid flood damages, for nutrient retention and carbon sequestration, and biomass production. The revenue gained from these functions can support farmers willing to invest in irrigation while providing economic and environmental benefits to the region.

  7. Sustainability of forest management under changing climatic conditions in the southern United States: adaptation strategies, economic rents and carbon sequestration.

    Science.gov (United States)

    Susaeta, Andres; Carter, Douglas R; Adams, Damian C

    2014-06-15

    The impacts of climate change on profitability and carbon storage in even-aged forest stands of two dominant commercial pine species, loblolly and slash pine, in the southern United States were assessed under alternative assumptions about the impact of climate change on forest productivity and catastrophic disturbance rates. Potential adaptation strategies to reduce losses from disturbance included: 1) alternative planting densities, and 2) planting slash pine instead of loblolly pine. In addition, the amount of sequestered carbon was used to develop an index of economic efficiency for carbon sequestration, which further helps rank the suitability of alternative adaptation strategies. Our results indicate that greater economic rents from forests occur with lower planting densities and the substitution of slash pine for high density loblolly pine. However, less carbon is sequestered by low density loblolly pine compared to slash pine and high density loblolly pine. Both adaptation strategies are economically more effective in terms of carbon sequestration compared to the baseline since they generate more economic revenues per Mg of sequestered carbon. Copyright © 2014 Elsevier Ltd. All rights reserved.

  8. Predicting Attitudes toward Press- and Speech Freedom across the U.S.A.: A Test of Climato-Economic, Parasite Stress, and Life History Theories

    Science.gov (United States)

    Zhang, Jinguang; Reid, Scott A.; Xu, Jing

    2015-01-01

    National surveys reveal notable individual differences in U.S. citizens’ attitudes toward freedom of expression, including freedom of the press and speech. Recent theoretical developments and empirical findings suggest that ecological factors impact censorship attitudes in addition to individual difference variables (e.g., education, conservatism), but no research has compared the explanatory power of prominent ecological theories. This study tested climato-economic, parasite stress, and life history theories using four measures of attitudes toward censoring the press and offensive speech obtained from two national surveys in the U.S.A. Neither climate demands nor its interaction with state wealth—two key variables for climato-economic theory—predicted any of the four outcome measures. Interstate parasite stress significantly predicted two, with a marginally significant effect on the third, but the effects became non-significant when the analyses were stratified for race (as a control for extrinsic risks). Teenage birth rates (a proxy of human life history) significantly predicted attitudes toward press freedom during wartime, but the effect was the opposite of what life history theory predicted. While none of the three theories provided a fully successful explanation of individual differences in attitudes toward freedom of expression, parasite stress and life history theories do show potentials. Future research should continue examining the impact of these ecological factors on human psychology by further specifying the mechanisms and developing better measures for those theories. PMID:26030736

  9. TERLIPRESSIN VERSUS NORADRENALINE FOR HEPATORENAL SYNDROME. Economic evaluation under the perspective of the Brazilian Public Health System

    Directory of Open Access Journals (Sweden)

    Ângelo Zambam de MATTOS

    Full Text Available ABSTRACT Background - Terlipressin and noradrenaline are the best studied treatments for hepatorenal syndrome, and there is no evidence of superiority of one over the other regarding to efficacy. While the former drug is more costly, the latter requires admission into an intensive care unit. Objective - The aim of this study was to perform an economic evaluation, comparing treatments for hepatorenal syndrome with terlipressin and noradrenaline. Methods - For the economic evaluation, a cost-minimization analysis was performed. Direct medical costs of the two treatment strategies were compared under the perspective of the Brazilian Public Health System as the third-party payer. A probabilistic sensitivity analysis was performed. Results - The costs of treatments with terlipressin or noradrenaline were 287.77 and 2,960.45 International Dollars (Int$ respectively. Treatment using terlipressin would save Int$2,672.68 for the Public Health System for each hospital admission related to hepatorenal syndrome. In the probabilistic sensitivity analysis, it was verified that the cost of the treatment with noradrenaline could vary between Int$2,326.53 and Int$3,644.16, while costs related to the treatment using terlipressin are not variable. Conclusion - The treatment strategy using terlipressin was more economical than that using noradrenaline under the perspective of the Brazilian Public Health System as the third-party payer.

  10. A refined shear deformation theory for bending analysis of isotropic and orthotropic plates under various loading conditions

    Directory of Open Access Journals (Sweden)

    Bharti Machhindra Shinde

    2015-03-01

    Full Text Available In this paper, a refined trigonometric shear deformation theory is applied for the bending analysis of isotropic and orthotropic plates under the various loading conditions. The two unknown variables are involved in the present theory. The present theory satisfies the shear stress free condition at top and bottom surface of the plates without using shear correction factors. The governing equations and boundary conditions are obtained by using the principle of virtual work. A closed form solution is obtained using Navier Solution Scheme. A simply supported isotropic and orthotropic plate subjected to sinusoidally distributed, uniformly distributed and linearly varying loads are considered for the detailed numerical study. The results obtained using present theory are compared with previously published results.

  11. Higher-order theory of mind in negotiations under incomplete information

    NARCIS (Netherlands)

    de Weerd, Hermanes; Verbrugge, Rineke; Verheij, Bart; Boella, Guido; Elkind, Edith; Savarimuthu, Bastin Tony Roy; Dignum, Frank; Purvis, Martin

    2013-01-01

    Theory of mind refers to the ability to reason explicitly about unobservable mental content such as beliefs, desires, and intentions of others. People are known to make use of theory of mind, and even reason about what other people believe about their beliefs. Although it is unknown why such a

  12. Rate theory scenarios study on fission gas behavior of U 3 Si 2 under LOCA conditions in LWRs

    Energy Technology Data Exchange (ETDEWEB)

    Miao, Yinbin; Gamble, Kyle A.; Andersson, David; Mei, Zhi-Gang; Yacout, Abdellatif M.

    2018-01-01

    Fission gas behavior of U3Si2 under various loss-of-coolant accident (LOCA) conditions in light water reactors (LWRs) was simulated using rate theory. A rate theory model for U3Si2 that covers both steady-state operation and power transients was developed for the GRASS-SST code based on existing research reactor/ion irradiation experimental data and theoretical predictions of density functional theory (DFT) calculations. The steady-state and LOCA condition parameters were either directly provided or inspired by BISON simulations. Due to the absence of in-pile experiment data for U3Si2's fuel performance under LWR conditions at this stage of accident tolerant fuel (ATF) development, a variety of LOCA scenarios were taken into consideration to comprehensively and conservatively evaluate the fission gas behavior of U3Si2 during a LOCA.

  13. Typological Features of Economic Development in Russian Regions under the Conditions of Development of Continuous Education

    Directory of Open Access Journals (Sweden)

    Sergei Viktorovich Kroshilin

    2015-12-01

    Full Text Available In the modern conditions the socio-economic paradigm is changing, on the one hand, due to the transition to knowledge economy and, on the other hand, due to the need to develop innovation that determine competitiveness and the development level of national economies in the world. It is obvious that the progressive upgrade and the improvement of production processes (change in technological modes can not be implemented without the increase in the level of human capital in the society and the enhancement of potential and qualification of the workforce. These changes largely depend on the education system. In almost all world countries there is an active process of modernization and change in the system of training. New forms and approaches appear, for example lifelong education (concept “Lifelong education”, informal forms of learning, self-education, etc. Without the development of these approaches it is not possible to become a competitive state in changing social, political and economic environment. This is particularly true for countries, which experience changes in the technological mode and have the necessity to transfer to new technologies. Russia is among such countries nowadays. In our opinion, the modern reforms do not give the opportunity to fulfill the main task of education – to ensure and create conditions for self-determination and self-moralization of an individual in the society, achieve the desired level of knowledge for development of innovation in the regions. In the framework of the conducted research we get the classification of all Russian regions by indicators, such as “innovation” and “investment attractiveness”, with the levels of education being taken into account. This approach, on the one hand, shows the heterogeneity of socio-economic development of the country’s regions and, on the other hands, ‒ allows us to reveal the fact that the same federal district can include both regions-locomotives and

  14. Essential concepts and underlying theories from physics, chemistry, and mathematics for "biochemistry and molecular biology" majors.

    Science.gov (United States)

    Wright, Ann; Provost, Joseph; Roecklein-Canfield, Jennifer A; Bell, Ellis

    2013-01-01

    Over the past two years, through an NSF RCN UBE grant, the ASBMB has held regional workshops for faculty members from around the country. The workshops have focused on developing lists of Core Principles or Foundational Concepts in Biochemistry and Molecular Biology, a list of foundational skills, and foundational concepts from Physics, Chemistry, and Mathematics that all Biochemistry or Molecular Biology majors must understand to complete their major coursework. The allied fields working group created a survey to validate foundational concepts from Physics, Chemistry, and Mathematics identified from participant feedback at various workshops. One-hundred twenty participants responded to the survey and 68% of the respondents answered yes to the question: "We have identified the following as the core concepts and underlying theories from Physics, Chemistry, and Mathematics that Biochemistry majors or Molecular Biology majors need to understand after they complete their major courses: 1) mechanical concepts from Physics, 2) energy and thermodynamic concepts from Physics, 3) critical concepts of structure from chemistry, 4) critical concepts of reactions from Chemistry, and 5) essential Mathematics. In your opinion, is the above list complete?" Respondents also delineated subcategories they felt should be included in these broad categories. From the results of the survey and this analysis the allied fields working group constructed a consensus list of allied fields concepts, which will help inform Biochemistry and Molecular Biology educators when considering the ASBMB recommended curriculum for Biochemistry or Molecular Biology majors and in the development of appropriate assessment tools to gauge student understanding of how these concepts relate to biochemistry and molecular biology. © 2013 by The International Union of Biochemistry and Molecular Biology.

  15. Eigenvalue perturbation theory of structured matrices under generic structured rank one perturbations: Symplectic, orthogonal, and unitary matrices.

    NARCIS (Netherlands)

    Ran, A.C.M.; Mehl, Chr.; Mehrmann, V.; Rodman, L.

    2014-01-01

    We study the perturbation theory of structured matrices under structured rank one perturbations, with emphasis on matrices that are unitary, orthogonal, or symplectic with respect to an indefinite inner product. The rank one perturbations are not necessarily of arbitrary small size (in the sense of

  16. Techno-economic analysis of a local district heating plant under fuel flexibility and performance

    DEFF Research Database (Denmark)

    Rudra, Souman; Rosendahl, Lasse

    2017-01-01

    Brovst is a small district in Denmark. This paper analyses the use of local renewable resources in the district heating systems of Brovst. The present use of fossil fuels in the Brovst district heating plant (DHP) represents an increasing environmental and climate-related load. Therefore......, an investigation has been made to reduce the use of fossil fuels for district heating system and make use of the local renewable resources (biogas, solar, and heat pump) for district heating purposes. In this article, the techno-economic assessment is achieved through the development of a suite of models......PRO, which has been used to analyze the integration of a large-scale energy system into the domestic district heating system. A model of the current work on the basis of information from the Brovst plant (using fossil fuel) is established and named as a reference option. Then, four other options...

  17. The politics and policies of welfare chauvinism under the economic crisis

    DEFF Research Database (Denmark)

    Keskinen, Suvi; Norocel, Ov Cristian; Bak Jørgensen, Martin

    2016-01-01

    . This article identifies two main ways of understanding welfare chauvinism: 1) as a broad concept that covers all sorts of claims and policies to reserve welfare benefits for the ‘native’ population; 2) an ethnonationalist and racialising political agenda, characteristic especially of right-wing populist......The ongoing economic crisis that emerged in the wake of the global recession in 2008, and was followed by the more recent crisis of the Eurozone, has introduced new themes and remoulded old ways of approaching the welfare state, immigration, national belonging and racism in Northern Europe...... parties. Focusing on the relationship between politics and policies, we examine how welfare chauvinist political agendas are turned into policies and what hinders welfare chauvinist claims from becoming policy matters and welfare practices. It is argued that welfare chauvinism targeting migrants is part...

  18. Can the Arts Get Under the Skin? Arts and Cortisol for Economically Disadvantaged Children.

    Science.gov (United States)

    Brown, Eleanor D; Garnett, Mallory L; Anderson, Kate E; Laurenceau, Jean-Philippe

    2017-07-01

    This within-subjects experimental study investigated the influence of the arts on cortisol for economically disadvantaged children. Participants were 310 children, ages 3-5 years, who attended a Head Start preschool and were randomly assigned to participate in different schedules of arts and homeroom classes on different days of the week. Cortisol was sampled at morning baseline and after arts and homeroom classes on two different days at start, middle, and end of the year. For music, dance, and visual arts, grouped and separately, results of piecewise hierarchical linear modeling with time-varying predictors suggested cortisol was lower after an arts versus homeroom class at middle and end of the year but not start of the year. Implications concern the impact of arts on cortisol for children facing poverty risks. © 2016 The Authors. Child Development © 2016 Society for Research in Child Development, Inc.

  19. Indonesia Export, Import, and Demand for Domestic Commodities under Economics Liberalisation

    Directory of Open Access Journals (Sweden)

    Andi Irawan

    2011-09-01

    Full Text Available The aim of this research is to identify the behaviour of export, import and domestic commoditiesdemand in liberalization era both in the long run and the short run. This researchapplies the Vector Error Correction Model, Johansen Cointegration Test, Impulse ResponseAnalysis and Granger Causality Test. The data range from 1993:01 to 2002:12. The resultshows that in the long run the cross-price elasticity of imported non agricultural goods withrespect to demand for domestically produced goods have lower magnitudes than own priceelasticity of domestically produced goods. The demand elasticity of import commodities iselastic but that of domestic commodities is inelastic.Keywords: Import, Export, Economic Liberalization, Vector Error Correction Model

  20. The theory and method of variable frequency directional seismic wave under the complex geologic conditions

    Science.gov (United States)

    Jiang, T.; Yue, Y.

    2017-12-01

    It is well known that the mono-frequency directional seismic wave technology can concentrate seismic waves into a beam. However, little work on the method and effect of variable frequency directional seismic wave under complex geological conditions have been done .We studied the variable frequency directional wave theory in several aspects. Firstly, we studied the relation between directional parameters and the direction of the main beam. Secondly, we analyzed the parameters that affect the beam width of main beam significantly, such as spacing of vibrator, wavelet dominant frequency, and number of vibrator. In addition, we will study different characteristics of variable frequency directional seismic wave in typical velocity models. In order to examine the propagation characteristics of directional seismic wave, we designed appropriate parameters according to the character of direction parameters, which is capable to enhance the energy of the main beam direction. Further study on directional seismic wave was discussed in the viewpoint of power spectral. The results indicate that the energy intensity of main beam direction increased 2 to 6 times for a multi-ore body velocity model. It showed us that the variable frequency directional seismic technology provided an effective way to strengthen the target signals under complex geological conditions. For concave interface model, we introduced complicated directional seismic technology which supports multiple main beams to obtain high quality data. Finally, we applied the 9-element variable frequency directional seismic wave technology to process the raw data acquired in a oil-shale exploration area. The results show that the depth of exploration increased 4 times with directional seismic wave method. Based on the above analysis, we draw the conclusion that the variable frequency directional seismic wave technology can improve the target signals of different geologic conditions and increase exploration depth with little

  1. Sustainability of water resources management in the Indus Basin under changing climatic and socio economic conditions

    Directory of Open Access Journals (Sweden)

    D. R. Archer

    2010-08-01

    Full Text Available Pakistan is highly dependent on water resources originating in the mountain sources of the upper Indus for irrigated agriculture which is the mainstay of its economy. Hence any change in available resources through climate change or socio-economic factors could have a serious impact on food security and the environment. In terms of both ratio of withdrawals to runoff and per-capita water availability, Pakistan's water resources are already highly stressed and will become increasingly so with projected population changes. Potential changes to supply through declining reservoir storage, the impact of waterlogging and salinity or over-abstraction of groundwater, or reallocations for environmental remediation of the Indus Delta or to meet domestic demands, will reduce water availability for irrigation.

    The impact of climate change on resources in the Upper Indus is considered in terms of three hydrological regimes – a nival regime dependent on melting of winter snow, a glacial regime, and a rainfall regime dependent on concurrent rainfall. On the basis of historic trends in climate, most notably the decline in summer temperatures, there is no strong evidence in favour of marked reductions in water resources from any of the three regimes. Evidence for changes in trans-Himalayan glacier mass balance is mixed. Sustainability of water resources appears more threatened by socio-economic changes than by climatic trends. Nevertheless, analysis and the understanding of the linkage of climate, glaciology and runoff is still far from complete; recent past climate experience may not provide a reliable guide to the future.

  2. Restructuring of manufacture under global financial and economic crisis: The case of Estonia

    Directory of Open Access Journals (Sweden)

    Kilvits Kaarel

    2014-01-01

    Full Text Available It was not possible for Estonia only by raising the technological level of enterprises and increasing so-called technical productivity to catch up in terms of productivity with the developed industrial countries. The structure of Estonian manufacture was out-of-date and required cardinal and fast changes toward greater value added. Every time a crisis hits, it brings about new breakthroughs in science and technology; promotes fundamental changes that take place in a relatively short period of time; gives birth to new industries; forms new growth points in the economy. The crisis has had a far-reaching impact on the world economy and has brought challenges and opportunities to all countries and all fields. In addition to big difficulties, the crisis provided for Estonian manufacture also an exceptionally good chance for change and development. The crisis had a purifying and disciplining effect, enabled to eliminate from the manufacture wrong investments and inefficient enterprises. Assets were redistributed from passive economic agents to active ones and in favour of those who had capital for growth financing. After the crisis the structure of Estonian manufacturing is more effective than before: 1 technological level higher; 2 organization of work more perfect; 3 value added and productivity higher; 4 position of value chain better; 5 maybe also the value chain itself new and better. But there are fewer jobs in the new structure of manufacturing than before the crisis. Economic, social, regional etc. stratification has increased. The influence of crisis is not over yet and there is still a risk of some setback in future. There may also arise new problems and old problems may grow sharper.

  3. A holistic method for selecting tidal stream energy hotspots under technical, economic and functional constraints

    International Nuclear Information System (INIS)

    Vazquez, A.; Iglesias, G.

    2016-01-01

    Highlights: • A method for selecting the most suitable sites for tidal stream farms was presented. • The selection was based on relevant technical, economic and functional aspects. • As a case study, a model of the Bristol Channel was implemented and validated. - Abstract: Although a number of prospective locations for tidal stream farms have been identified, the development of a unified approach for selecting the optimum site in a region remains a current research topic. The objective of this work is to develop and apply a methodology for determining the most suitable sites for tidal stream farms, i.e. sites whose characteristics maximise power performance, minimise cost and avoid conflicts with competing uses of the marine space. Illustrated through a case study in the Bristol Channel, the method uses a validated hydrodynamics model to identify highly energetic areas and a geospatial Matlab-based program (designed ad hoc) to estimate the energy output that a tidal farm at the site with a given technology would have. This output is then used to obtain the spatial distribution of the levelised cost of energy and, on this basis, to preselect certain areas. Subsequently, potential conflicts with other functions of the marine space (e.g. fishing, shipping) are considered. The result is a selection of areas for tidal stream energy development based on a holistic approach, encompassing the relevant technical, economic and functional aspects. This methodology can lead to a significant improvement in the selection of tidal sites, thereby increasing the possibilities of project acceptance and development.

  4. Influences underlying family food choices in mothers from an economically disadvantaged community.

    Science.gov (United States)

    Hardcastle, Sarah J; Blake, Nicola

    2016-01-01

    The purpose of this qualitative study was to explore the perceptions and attitudes that underlie food choices, and, the impact of a school-based healthy eating intervention in mothers from an economically-disadvantaged community. The aim of the intervention was to educate children to act as 'health messengers' to their families. Sixteen semi-structured phone interviews were conducted with mothers with four receiving a second interview. Interviews were conducted following their child's participation in a six-week after school healthy cooking intervention. Thematic content analysis revealed four main themes: Cost and budget influence on food choices, diversity in household rules controlling food, role of socialisation on diet, and improved cooking skills and confidence to make homemade meals. The interview findings demonstrated the positive influence of the after-school cooking intervention on children and their families in cooking skills, promoting healthier cooking methods and increasing confidence to prepare homemade meals. The findings demonstrated the wider economic and social influences on food choices and eating practices. Socialisation into, and strong cultural norms around, eating habits were significant influences on family diet and on parental decisions underpinning food choices and attitudes towards the control of food within the family. The intervention was perceived to be successful in terms of improving nutritional knowledge, cooking skills and increasing confidence to make healthy and tasty homemade meals. The study demonstrates the importance of parental involvement in school-based interventions if improvements in healthy eating are to be evidenced at the family level and maintained. Copyright © 2015 Elsevier Ltd. All rights reserved.

  5. The role (or not) of economic evaluation at the micro level: can Bourdieu's theory provide a way forward for clinical decision-making?

    Science.gov (United States)

    Lessard, Chantale; Contandriopoulos, André-Pierre; Beaulieu, Marie-Dominique

    2010-06-01

    Despite increasing interest in health economic evaluation, investigations have shown limited use by micro (clinical) level decision-makers. A considerable amount of health decisions take place daily at the point of the clinical encounter; especially in primary care. Since every decision has an opportunity cost, ignoring economic information in family physicians' (FPs) decision-making may have a broad impact on health care efficiency. Knowledge translation of economic evaluation is often based on taken-for-granted assumptions about actors' interests and interactions, neglecting much of the complexity of social reality. Health economics literature frequently assumes a rational and linear decision-making process. Clinical decision-making is in fact a complex social, dynamic, multifaceted process, involving relationships and contextual embeddedness. FPs are embedded in complex social networks that have a significant impact on skills, attitudes, knowledge, practices, and on the information being used. Because of their socially constructed nature, understanding preferences, professional culture, practices, and knowledge translation requires serious attention to social reality. There has been little exploration by health economists of whether the problem may be more fundamental and reside in a misunderstanding of the process of decision-making. There is a need to enhance our understanding of the role of economic evaluation in decision-making from a disciplinary perspective different than health economics. This paper argues for a different conceptualization of the role of economic evaluation in FPs' decision-making, and proposes Bourdieu's sociological theory as a research framework. Bourdieu's theory of practice illustrates how the context-sensitive nature of practice must be understood as a socially constituted practical knowledge. The proposed approach could substantially contribute to a more complex understanding of the role of economic evaluation in FPs' decision

  6. Using the Theory of Planned Behavior to identify key beliefs underlying chlamydia testing intentions in a sample of young people living in deprived areas.

    Science.gov (United States)

    Booth, Amy R; Norman, Paul; Harris, Peter R; Goyder, Elizabeth

    2015-09-01

    The Theory of Planned Behavior was used to identify the key behavioural, normative and control beliefs underlying intentions to test regularly for chlamydia among young people living in socially and economically deprived areas - a high-risk group for infection. Participants (N = 278, 53% male; mean age 17 years) were recruited from a vocational college situated in an area in the most deprived national quintile (England). Participants completed measures of behavioural, normative and control beliefs, plus intention to test regularly for chlamydia. The behavioural, normative and control beliefs most strongly correlated with intentions to test regularly for chlamydia were beliefs about stopping the spread of infection, partners' behaviour and the availability of testing. These beliefs represent potential targets for interventions to increase chlamydia testing among young people living in deprived areas. © The Author(s) 2013.

  7. A global water scarcity assessment under Shared Socio-economic Pathways - Part 2: Water availability and scarcity

    Science.gov (United States)

    Hanasaki, N.; Fujimori, S.; Yamamoto, T.; Yoshikawa, S.; Masaki, Y.; Hijioka, Y.; Kainuma, M.; Kanamori, Y.; Masui, T.; Takahashi, K.; Kanae, S.

    2013-07-01

    A global water scarcity assessment for the 21st century was conducted under the latest socio-economic scenario for global change studies, namely Shared Socio-economic Pathways (SSPs). SSPs depict five global situations with substantially different socio-economic conditions. In the accompanying paper, a water use scenario compatible with the SSPs was developed. This scenario considers not only quantitative socio-economic factors such as population and electricity production but also qualitative ones such as the degree of technological change and overall environmental consciousness. In this paper, water availability and water scarcity were assessed using a global hydrological model called H08. H08 simulates both the natural water cycle and major human activities such as water abstraction and reservoir operation. It simulates water availability and use at daily time intervals at a spatial resolution of 0.5° × 0.5°. A series of global hydrological simulations were conducted under the SSPs, taking into account different climate policy options and the results of climate models. Water scarcity was assessed using an index termed the Cumulative Abstraction to Demand ratio, which is expressed as the accumulation of daily water abstraction from a river divided by the daily consumption-based potential water demand. This index can be used to express whether renewable water resources are available from rivers when required. The results suggested that by 2071-2100 the population living under severely water-stressed conditions for SSP1-5 will reach 2588-2793 × 106 (39-42% of total population), 3966-4298 × 106 (46-50%), 5334-5643 × 106 (52-55%), 3427-3786 × 106 (40-45%), 3164-3379 × 106 (46-49%) respectively, if climate policies are not adopted. Even in SSP1 (the scenario with least change in water use and climate) global water scarcity increases considerably, as compared to the present-day. This is mainly due to the growth in population and economic activity in developing

  8. Theory of development of surface topography under spatiotemporally heterogeneous sputtering conditions

    Energy Technology Data Exchange (ETDEWEB)

    Carter, G.; Nobes, M.J. (Salford Univ. (UK). Thin Film and Surface Research Centre)

    1984-03-01

    A general theory of the development of surface topography of three-dimensional systems as a result of sputtering erosion and related processes is given. The theory is based upon a treatment of the surface as an advancing wavefront with spatio-temporally variable wavefront velocity appropriate to anisotropic, inhomogeneous media. The relevance of the theory to cases of stratified substrates, including polycrystals, dislocated crystals and contaminated surfaces, and to spatially scanned ion fluxes or substrates and rotated substrates is shown and a specific example of erosion at a grain boundary explored in detail.

  9. An Integrated Modeling System for Water Resource Management Under Climate Change, Socio-Economic Development and Irrigation Management

    Science.gov (United States)

    SU, Q.; Karthikeyan, R.; Lin, Y.

    2017-12-01

    Water resources across the world have been increasingly stressed in the past few decades due to the population and economic growth and climate change. Consequently, the competing use of water among agricultural, domestic and industrial sectors is expected to be increasing. In this study, the water stresses under various climate change, socio-economic development and irrigation management scenarios are predicted over the period of 2015-2050 using an integrated model, in which the changes in water supply and demand induced by climate change, socio-economic development and irrigation management are dynamically parameterized. Simulations on the case of Texas, Southwest U.S. were performed using the newly developed integrated model, showing that the water stress is projected to be elevated in 2050 over most areas of Texas, particularly at Northern and Southern Plain and metropolitan areas. Climate change represents the most pronounce factor affecting the water supply and irrigation water demand in Texas. The water supply over East Texas is largely reduced in future because of the less precipitation and higher temperature under the climate change scenario, resulting in an elevated irrigation water demand and thus a higher water stress in this region. In contrast, the severity of water shortage in West Texas would be alleviated in future because of climate change. The water shortage index over metropolitan areas would increase by 50-90% under 1.0% migration scenario, suggesting that the population growth in future could also greatly stress the water supply, especially megacities like Dallas, Houston, Austin and San Antonio. The projected increase in manufacturing water demand shows little effects on the water stress. Increasing irrigation rate exacerbates the water stress over irrigated agricultural areas of Texas.

  10. Farming styles and cooperatives disputes of swine farmers under economic pressure in southern France

    NARCIS (Netherlands)

    Commandeur, M.A.M.

    2010-01-01

    In Southern France, the regression of swine farms and swine is ongoing. It involves reorientation of socio-professional networks, especially the farmers’ cooperatives. For understanding the various ways of maintaining swine production under the regressive circumstances, we focus on the farmers’

  11. Thermo-economic optimization of secondary distribution network of low temperature district heating network under local conditions of South Korea

    DEFF Research Database (Denmark)

    Park, Byung Sik; Imran, Muhammad; Hoon, Im-Yong

    2017-01-01

    A secondary distribution network of a low temperature district heating system is designed and optimized for a residential apartment complex under the local conditions of South Korea in the TRNSYS simulation environment. The residential apartment complex is a typical example of Korean residential...... °C, area of heat exchanger is increased by 68.2%, pumping power is also increased by 9.8% and heat loss is reduced by 15.6%. These results correspond to a temperature difference of 20 °C, the standard temperature difference in South Korea residential heating system. Economic assessment...

  12. Strategy for the expansion of renewable energies. An investigation of the pricing strategy of the Renewable Energy Law from the viewpoint of an evolutionary cybernetic theory of economic policy; Die Strategie des Ausbaus erneuerbarer Energien. Eine Untersuchung der Preissetzungsstrategie des EEGs aus Sicht einer evolutorisch-kybernetischen Theorie der Wirtschaftspolitik

    Energy Technology Data Exchange (ETDEWEB)

    Schlueter, Fabian

    2015-11-01

    This publication reports on how the steadily increasing costs caused by the Renewable Energy Law (EEG) have brought the German strategy for the expansion of renewable energies under criticism. According to theories of regulatory economic policy, which state that politico-economic incentives of this kind must necessarily result in an inefficient allocation of scarce resources, this cost increase can be interpreted as a direct consequence of the price intervention. The present publication takes a critical stance on this viewpoint, developing for its purpose a new position on regulatory policy referred to as the evolutionary cybernetic theory of economic policy. It starts out from the works of F.A. von Hayek, which it then takes a significant step further however. The author argues that price interventions can be meaningful strategies of economic policy as long as they are aimed at a temporary initiation of market development towards sustainability and efficiency. Based on this model conception of a shrewd pricing strategy the publication undertakes an analysis from the perspective of regulatory policy of the German subsidisation of renewable energies. In the process it not only reveals errors in design of the EEG but also makes a proposal for an amendment that could be effective in cutting through the present price dynamics. In presenting its recommendation of a self-steering expansion policy the publication not only contributes to the further development of an evolutionary cybernetic theory of economic policy but addresses the urgent problem of how to wisely use regulatory policy to create pricing strategies which serve the expansion of renewable energies.

  13. Analysis of International Monetary Fund under conditions of globalization of economic processes

    Directory of Open Access Journals (Sweden)

    V.V. Ksendzuk

    2016-06-01

    Full Text Available Globalization in the economy requires proper management of countries' financial resources as the regulation of international financial market is one of the most important tasks of the successful development of the world economy and individual national economies. The International Monetary Fund since the beginning of its creation was intended to regulate the financial situation in the post-war period in world space. In present conditions of information development of the world economic system the role and importance of international financial institutions are changing. Thus, the policies and activities of the IMF are increasingly criticized, that is substantiated and requires some restructuring and reforming areas of the Fund activity. During the research the basic aspects of IMF activities in 2015 have been analyzed and the suggestions for its further effective development have been presented. In particular, it is advisable to use the specific individual approach to the problems of particular economies and to view the sizes of quotas and their functional purposes that will allow to develop new funding mechanisms that are based on social and ecological needs of society. This, in turn, will reduce the impact of developed countries on the activities of the financial institution

  14. Joint cost of energy under an optimal economic policy of hybrid power systems subject to uncertainty

    International Nuclear Information System (INIS)

    Díaz, Guzmán; Planas, Estefanía; Andreu, Jon; Kortabarria, Iñigo

    2015-01-01

    Economical optimization of hybrid systems is usually performed by means of LCoE (levelized cost of energy) calculation. Previous works deal with the LCoE calculation of the whole hybrid system disregarding an important issue: the stochastic component of the system units must be jointly considered. This paper deals with this issue and proposes a new fast optimal policy that properly calculates the LCoE of a hybrid system and finds the lowest LCoE. This proposed policy also considers the implied competition among power sources when variability of gas and electricity prices are taken into account. Additionally, it presents a comparative between the LCoE of the hybrid system and its individual technologies of generation by means of a fast and robust algorithm based on vector logical computation. Numerical case analyses based on realistic data are presented that valuate the contribution of technologies in a hybrid power system to the joint LCoE. - Highlights: • We perform the LCoE calculation with the stochastic component jointly considered. • We propose a fast an optimal policy that minimizes the LCoE. • We compare the obtained LCoEs by means of a fast and robust algorithm. • We take into account the competition among gas prices and electricity prices

  15. Economic analysis of photovoltaic systems for the residential market under China's new regulation

    International Nuclear Information System (INIS)

    Rodrigues, Sandy; Chen, Xiaoju; Morgado-Dias, F.

    2017-01-01

    China has recently changed its regulation for producing energy from photovoltaic solar panels in order to encourage the use of the solar resource. This new regulation started with offering subsidies at a national level and this was later followed by local subsidies in addition to the national one. Being a large country, China has regions with good solar exposure and others with poor exposure. Each region has a different electricity price and the energy is purchased based on the Grid Coal Power electricity price that also varies throughout the country. In this work we analyze the economic profitability of different regions considering the solar radiation levels, savings in self-consumption, cash flows from injecting power into the grid and local prices for installations to show that the best return is obtained in the places with better solar radiation or where the electricity price is higher. The regional Feed-In tariffs help to compensate for lower radiation levels but do not make these regions very attractive from an investment perspective. - Highlights: • Summarizes national and local feed in tariffs for China for the residential market. • Provides average local prices for 1 kW, 3 kW and 5 kW photovoltaic installations. • Selects city with best IRR, NPV and DPBP based on prices, subsidies and radiation. • Performs sensitivity analysis to check which parameter has more effect on results.

  16. ECONOMY, ECONOMICS, ECONOMIC, ECONOMICAL

    Directory of Open Access Journals (Sweden)

    Sim Monica Ariana

    2013-07-01

    Full Text Available To speak and understand a language means - among many other things - knowing the words of that language. The average speaker knows, hears, understands and uses thousands of words daily. But does he use them appropriately? That is why this paper is about words and meanings. More specifically, it deals with the internal structure of complex words, i.e. derivatives. The purpose of the paper is to enable students and potentially other individuals dealing with English language on business basis to engage in their own analyses of some aspects of the language, namely the family tree of the word economy. After having read the paper, the reader should be familiar with the necessary knowledge regarding differences between meanings, misuse and actual sense of words deriving from economy, be able to systematically analyze data and relate his own findings on theoretical language problems. English is used by hundreds of millions speakers and still there is always need for improving our knowledge continuously. Knowing and speaking approximate English may not be enough at an advanced level as in the case of students who prepare themselves for careers that involve proficient communication in a foreign language on specific business issues. This is where the idea of such a paper appeared: students of the Faculty of Economic Sciences talk about economy and all the other terms deriving from it, with approximate knowledge of their meaning, without even being aware that some ‘minor' suffixes like –ic, -ical, -ics etc. really matter and do make a difference. Consequently, we started our teaching of Business English lecture in September 2012 with a working sheet based on the terms economic/ economical/ economics/ economy to assess students' awareness of these terms. The result was not a surprise as more than 90% misused economical instead of economic. That seemed a perfect introduction for students in economics. From that moment on, the building of their specific

  17. Contemporary Radical Economics.

    Science.gov (United States)

    Sherman, Howard J.

    1984-01-01

    The origins of contemporary radical economics are examined. Applications of radical economics to price and value theory, labor segmentation theory, business cycles, industrial organization, government and business, imperialism and development, and comparative systems are reviewed. (Author/RM)

  18. Using Microsimulation to Estimate the Future Health and Economic Costs of Salmonellosis under Climate Change in Central Queensland, Australia.

    Science.gov (United States)

    Stephen, Dimity Maree; Barnett, Adrian Gerard

    2017-12-11

    The incidence of salmonellosis, a costly foodborne disease, is rising in Australia. Salmonellosis increases during high temperatures and rainfall, and future incidence is likely to rise under climate change. Allocating funding to preventative strategies would be best informed by accurate estimates of salmonellosis costs under climate change and by knowing which population subgroups will be most affected. We used microsimulation models to estimate the health and economic costs of salmonellosis in Central Queensland under climate change between 2016 and 2036 to inform preventative strategies. We projected the entire population of Central Queensland to 2036 by simulating births, deaths, and migration, and salmonellosis and two resultant conditions, reactive arthritis and postinfectious irritable bowel syndrome. We estimated salmonellosis risks and costs under baseline conditions and under projected climate conditions for Queensland under the A1FI emissions scenario using composite projections from 6 global climate models (warm with reduced rainfall). We estimated the resulting costs based on direct medical expenditures combined with the value of lost quality-adjusted life years (QALYs) based on willingness-to-pay. Estimated costs of salmonellosis between 2016 and 2036 increased from 456.0 QALYs (95% CI: 440.3, 473.1) and AUD29,900,000 million (95% CI: AUD28,900,000, AUD31,600,000), assuming no climate change, to 485.9 QALYs (95% CI: 469.6, 503.5) and AUD31,900,000 (95% CI: AUD30,800,000, AUD33,000,000) under the climate change scenario. We applied a microsimulation approach to estimate the costs of salmonellosis and its sequelae in Queensland during 2016-2036 under baseline conditions and according to climate change projections. This novel application of microsimulation models demonstrates the models' potential utility to researchers for examining complex interactions between weather and disease to estimate future costs. https://doi.org/10.1289/EHP1370.

  19. COMPARATIVE SOCIAL POLICY IN UKRAINE AND JAPAN UNDER THE CONDITIONS OF MODERN ECONOMIC WORLD DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Maryna Kalnytska

    2017-11-01

    Full Text Available The purpose of the paper. An analysis of the national social policy in Ukraine and Japan, based on research, making recommendations for the improvement of the social policy situation in Ukraine. Methodology. The theoretical and methodological base of scientific research made of national and foreign scholars on the analysis of social policy, official statistical data of the State Statistics Committee of Ukraine, reports of the NBU and central bank of Japan. To ensure the authenticity and validity of the research results to the goal, the following methods are used: induction and deduction – during theoretical generalizations and conclusions; analogy method – when comparing foreign experience of social policy; economics and statistics as methods of macroeconomic policy of Ukraine analysing; retrospective analysis, which determines social policy; methods of system analysis and synthesis. Results. In the article, social policy in Ukraine and Japan is investigated. The macroeconomic situation in each country is analysed. Reasonable steps for the further using of the investigated country experience for Ukraine are founded. A particular attention to the normative acts improvement is given. Practical implications. The results of this study can be used by public authorities, such as the Ministry of Finance, state statistical agencies. Value/originality of the results is a complex theoretical and practical analysis of social policy in Ukraine and Japan. For the first time, comparative social policy in Ukraine and Japan is analysed. Further research should relate to the construction of an own social policy model. In the process of its implementation, it is necessary to use the experience of foreign countries.

  20. The influence of promotional activities on the economic decision making

    OpenAIRE

    Öztopcu, Aslı; Karaağaoğlu, Nuran

    2016-01-01

    Behavioral economics is one of the sub-disciplines discussed through the process of economic thought. It studies the economic decisions of the individuals under the influence of social, emotional and cognitive factors. According to the rational behavior theory in economics, it is discussed that, the individuals may show irrational behaviors in spite of the expectation of rational behaviors. Economics is a human focused social science. The studies held, illustrate that the human behaviors have...

  1. Advances in mathematical economics

    CERN Document Server

    Maruyama, Toru

    2017-01-01

    The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research. A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories.

  2. Advances in mathematical economics

    CERN Document Server

    Maruyama, Toru

    2016-01-01

    The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research. A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories.

  3. Advances in mathematical economics

    CERN Document Server

    Yamazaki, Akira

    2006-01-01

    A lot of economic problems can formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories. The series is designed to bring together those mathematicians who were seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking for effective mathematical tools for their researchers.

  4. Advances in mathematical economics

    CERN Document Server

    Yamazaki, Akira

    2006-01-01

    A lot of economic problems can formulated as constrained optimizations and equilibration of their solutions.Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories. The series is designed to bring together those mathematicians who were seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking for effective mathematical tools for their researchers.

  5. Advances in mathematical economics

    CERN Document Server

    Maruyama, Toru

    2015-01-01

    The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research. A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories.

  6. Basic Exchange Rate Theories

    NARCIS (Netherlands)

    J.G.M. van Marrewijk (Charles)

    2005-01-01

    textabstractThis four-chapter overview of basic exchange rate theories discusses (i) the elasticity and absorption approach, (ii) the (long-run) implications of the monetary approach, (iii) the short-run effects of monetary and fiscal policy under various economic conditions, and (iv) the transition

  7. Evaluation of time-dependent void nucleation theory under ion bombardment conditions

    International Nuclear Information System (INIS)

    Sprague, J.A.; Russell, K.C.; Choi, Y.H.

    1975-01-01

    The applicability of a steady state and time-dependent homogeneous void nucleation theory to charged-particle irradiation experiments was investigated. The steady-state theory was found to be inappropriate, since significant changes in a metal's microstructure would likely occur before the void nucleation rate could reach steady state. Two types of time dependence were examined, that of the point defect concentrations at the beginning of an irradiation and the longer-term time dependence of void nucleation. It was found that vacancy and interstitial clustering significantly reduce the relaxation time for the point defect concentrations. An efficient form of time-dependent homogeneous nucleation theory was applied to ion bombardment conditions to predict void size distributions

  8. Theory to test comparisons for selected aerospace multishell structures and their interfaces under thermomechanical loadings

    Science.gov (United States)

    Ferdie, R. D.; Ligocki, J. E.; England, D. H.

    1974-01-01

    Guidelines for structural shell analyses were obtained on the basis of theory-to-test comparisons made on two large-scale aerospace structures subject to thermomechanical loads. The first structural test was the cylindrical aluminum skin-stringer-ring construction of the S-IC forward skirt and S-II interstage. The second structural test included the truncated, cone-shaped, bonded honeycomb sandwich shell of the Spacecraft Lunar Module Adapter; the cylindrical bonded aluminum honeycomb sandwich construction of the Instrument Unit; and the skin-stringer construction with rings and intercostals of the S-IVB forward skirt. Analyses were made for loadings simulating the flight environment. Elementary shear lag theory was superimposed on shell analysis for interface junctions between stages to obtain favorable theory-to-test stress comparisons.

  9. Agro-economic performance of mungbean intercropped in sesame under different planting patterns

    International Nuclear Information System (INIS)

    Bhatti, I.H.; Ahmed, R.; Aslam, M.; Virk, Z.A.

    2008-01-01

    The performance of mungbean intercropped in sesame under different geometric arrangements was determined o sandy-clay loam soil at the university of Agriculture, Faisalabad for two consecutive years (2001-02). The planting patterns consisted of 40 cm spaced single rows, 60 cm spaced 3-row strips and 100 cm spaced 4-row strip while mungbean was intercropped in all the three planting patterns and also grown as a sole crop. The result evinced that planting sesame in 100 cm spaced 4-row strips explored the intercropping in sesame. It not only permitted convenient intercropping but also facilitated the harvesting and handling of intercrop without doing any damage to the base crop. Intercropping sesame with mungbean in the pattern of 100 cm spaced 4-row strips appeared to be more convenient, productive and profitable than the monocropped sesame. (author)

  10. The socio-economic base line survey; first chapter of the handbook under preparation: "Managing farmers: a handbook for working with farmers in irrigation and drainage projects"

    NARCIS (Netherlands)

    Schrevel, A.

    2002-01-01

    The text The socio-economic base line survey is the first chapter of a book under preparation meant to instruct senior staff of irrigation and drainage projects on techniques to work with farmers. It informs the reader of best practices to set up and execute a socio-economic baseline survey. The

  11. Effects of tillage practice on soil structure, N2O emissions and economics in cereal production under current socio-economic conditions in central Bosnia and Herzegovina.

    Science.gov (United States)

    Žurovec, Ognjen; Sitaula, Bishal Kumar; Čustović, Hamid; Žurovec, Jasminka; Dörsch, Peter

    2017-01-01

    Conservation tillage is expected to have a positive effect on soil physical properties, soil Carbon (C) storage, while reducing fuel, labour and machinery costs. However, reduced tillage could increase soil nitrous oxide (N2O) emissions and offset the expected gains from increased C sequestration. To date, conservation tillage is barely practiced or studied in Bosnia and Herzegovina (BH). Here, we report a field study on the short-term effects of reduced (RT) and no tillage (NT) on N2O emission dynamics, yield-scaled N2O emissions, soil structure and the economics of cereal production, as compared with conventional tillage (CT). The field experiment was conducted in the Sarajevo region on a clayey loam under typical climatic conditions for humid, continental BH. N2O emissions were monitored in a Maize-Barley rotation over two cropping seasons. Soil structure was studied at the end of the second season. In the much wetter 2014, N2O emission were in the order of CT > RT > NT, while in the drier 2015, the order was RT > CT > NT. The emission factors were within or slightly above the uncertainty range of the IPCC Tier 1 factor, if taking account for the N input from the cover crop (alfalfa) preceding the first experimental year. Saturated soils in spring, formation of soil crusts and occasional droughts adversely affected yields, particularly in the second year (barley). In 2014, yield-scaled N2O emissions ranged from 83.2 to 161.7 g N Mg-1 grain (corn) but were much greater in the second year due to crop failure (barley). RT had the smallest yield-scaled N2O emission in both years. NT resulted in economically inacceptable returns, due to the increased costs of weed control and low yields in both years. The reduced number of operations in RT reduced production costs and generated positive net returns. Therefore, RT could potentially provide agronomic and environmental benefits in crop production in BH.

  12. REDISCOVERING MISES-HAYEK MONETARY AND BUSINESS CYCLE THEORY IN LIGHT OF THE CURRENT CRISIS: CREDIT EXPANSION AS A SOURCE OF ECONOMIC BOOM AND BUST

    Directory of Open Access Journals (Sweden)

    Marcin Mrowiec

    2013-10-01

    Full Text Available The article starts with a brief description of Mises’ monetary theory, with emphasis on the Misesian differentiation of two kinds of credit: commodity and circulation credit, and with the description of the impact of circulation credit expansion on the business cycle. Further on it is described how Mises’ insights constituted the kernel of Austrian Business Cycle Theory, and how the same observations on the nature of credit constituted the kernel of the Chicago Plan (though Mises’ views on the nature of credit led him to different conculsions than it led the authors of the Chicago Plan, and how this plan is being “rediscovered” now. The following sections deal with observations of one of the preeminent current macroeconomic researches, Mr. Claudio Borio, on the elasticity of credit as the source of the current crisis, and on the importance of the financial cycle in analysing the current economic crisis. The author of this text demonstrates that Austrian Business Cycle Theory gave the same answer regarding the sources of economic crises that now modern macroeconomic theory seems to be approaching, and that the postulates for successful financial cycle modeling are already included in the ABCT. Finally, some observations on the current crisis, as well as proposals of avenues of further research are proposed.

  13. Elevated temperature inelastic analysis of metallic media under time varying loads using state variable theories

    International Nuclear Information System (INIS)

    Kumar, V.; Mukherjee, S.

    1977-01-01

    In the present paper a general time-dependent inelastic analysis procedure for three-dimensional bodies subjected to arbitrary time varying mechanical and thermal loads using these state variable theories is presented. For the purpose of illustrations, the problems of hollow spheres, cylinders and solid circular shafts subjected to various combinations of internal and external pressures, axial force (or constraint) and torque are analyzed using the proposed solution procedure. Various cyclic thermal and mechanical loading histories with rectangular or sawtooth type waves with or without hold-time are considered. Numerical results for these geometrical shapes for various such loading histories are presented using Hart's theory (Journal of Engineering Materials and Technology 1976). The calculations are performed for nickel in the temperature range of 25 0 C to 400 0 C. For integrating forward in time, a method of solving a stiff system of ordinary differential equations is employed which corrects the step size and order of the method automatically. The limit loads for hollow spheres and cylinders are calculated using the proposed method and Hart's theory, and comparisons are made against the known theoretical results. The numerical results for other loading histories are discussed in the context of Hart's state variable type constitutive relations. The significance of phenomena such as strain rate sensitivity, Bauschinger's effect, crep recovery, history dependence and material softening with regard to these multiaxial problems are discussed in the context of Hart's theory

  14. A general theory for the lifetimes of giant molecular clouds under the influence of galactic dynamics

    Science.gov (United States)

    Jeffreson, Sarah M. R.; Kruijssen, J. M. Diederik

    2018-05-01

    We propose a simple analytic theory for environmentally dependent molecular cloud lifetimes, based on the large-scale (galactic) dynamics of the interstellar medium. Within this theory, the cloud lifetime is set by the time-scales for gravitational collapse, galactic shear, spiral arm interactions, epicyclic perturbations, and cloud-cloud collisions. It is dependent on five observable quantities, accessible through measurements of the galactic rotation curve, the gas and stellar surface densities, and the gas and stellar velocity dispersions of the host galaxy. We determine how the relative importance of each dynamical mechanism varies throughout the space of observable galactic properties, and conclude that gravitational collapse and galactic shear play the greatest role in setting the cloud lifetime for the considered range of galaxy properties, while cloud-cloud collisions exert a much lesser influence. All five environmental mechanisms are nevertheless required to obtain a complete picture of cloud evolution. We apply our theory to the galaxies M31, M51, M83, and the Milky Way, and find a strong dependence of the cloud lifetime upon galactocentric radius in each case, with a typical cloud lifetime between 10 and 50 Myr. Our theory is ideally suited for systematic observational tests with the Atacama Large Millimetre/submillimetre array.

  15. Pathway to Efficacy: Recognizing Cognitive Behavioral Therapy as an Underlying Theory for Adventure Therapy.

    Science.gov (United States)

    Gillen, Mark C.

    2003-01-01

    Adventure therapy and cognitive behavioral therapy share elements, including transformation of distorted thinking patterns, a focus on current and future functioning, consideration of the counselor-client relationship, and the use of stress in the change process. Recognizing cognitive behavioral therapy as an empirically sound theory underlying…

  16. A general theory for the lifetimes of giant molecular clouds under the influence of galactic dynamics

    Science.gov (United States)

    Jeffreson, Sarah M. R.; Kruijssen, J. M. Diederik

    2018-03-01

    We propose a simple analytic theory for environmentally-dependent molecular cloud lifetimes, based on the large-scale (galactic) dynamics of the interstellar medium. Within this theory, the cloud lifetime is set by the time-scales for gravitational collapse, galactic shear, spiral arm interactions, epicyclic perturbations and cloud-cloud collisions. It is dependent on five observable quantities, accessible through measurements of the galactic rotation curve, the gas and stellar surface densities, and the gas and stellar velocity dispersions of the host galaxy. We determine how the relative importance of each dynamical mechanism varies throughout the space of observable galactic properties, and conclude that gravitational collapse and galactic shear play the greatest role in setting the cloud lifetime for the considered range of galaxy properties, while cloud-cloud collisions exert a much lesser influence. All five environmental mechanisms are nevertheless required to obtain a complete picture of cloud evolution. We apply our theory to the galaxies M31, M51, M83, and the Milky Way, and find a strong dependence of the cloud lifetime upon galactocentric radius in each case, with a typical cloud lifetime between 10 and 50 Myr. Our theory is ideally-suited for systematic observational tests with the Atacama Large Millimetre/submillimetre array.

  17. On Socio-Economic Roles and Specialisation

    NARCIS (Netherlands)

    Gilles, R.P.; Lazarova, E.A.; Ruys, P.H.M.

    2006-01-01

    Abstract: Xiaokai Yang's theory of economic specialization under increasing returns to scale is a formal development of the fundamental Smith-Young theorem on the extent of the market and the social division of labor. In this theory specialization and, thus, the social division of labor is firmly

  18. Right anterior temporal lobe dysfunction underlies theory of mind impairments in semantic dementia.

    Science.gov (United States)

    Irish, Muireann; Hodges, John R; Piguet, Olivier

    2014-04-01

    Semantic dementia is a progressive neurodegenerative disorder characterized by the amodal and profound loss of semantic knowledge attributable to the degeneration of the left anterior temporal lobe. Although traditionally conceptualized as a language disorder, patients with semantic dementia display significant alterations in behaviour and socioemotional functioning. Recent evidence points to an impaired capacity for theory of mind in predominantly left-lateralized cases of semantic dementia; however, it remains unclear to what extent semantic impairments contribute to these deficits. Further the neuroanatomical signature of such disturbance remains unknown. Here, we sought to determine the neural correlates of theory of mind performance in patients with left predominant semantic dementia (n=11), in contrast with disease-matched cases with behavioural-variant frontotemporal dementia (n=10) and Alzheimer's disease (n=10), and healthy older individuals (n=14) as control participants. Participants completed a simple cartoons task, in which they were required to describe physical and theory of mind scenarios. Irrespective of subscale, patients with semantic dementia exhibited marked impairments relative to control subjects; however, only theory of mind deficits persisted when we covaried for semantic comprehension. Voxel-based morphometry analyses revealed that atrophy in right anterior temporal lobe structures, including the right temporal fusiform cortex, right inferior temporal gyrus, bilateral temporal poles and amygdalae, correlated significantly with theory of mind impairments in the semantic dementia group. Our results point to the marked disruption of cognitive functions beyond the language domain in semantic dementia, not exclusively attributable to semantic processing impairments. The significant involvement of right anterior temporal structures suggests that with disease evolution, the encroachment of pathology into the contralateral hemisphere heralds the

  19. How To Be Better Prepared For A Paradigm Shift In Economic Theory, And Write Better Articles In The Meantime

    NARCIS (Netherlands)

    P. Welch; W.A. Dolfsma (Wilfred)

    2004-01-01

    textabstractThe development of economic thought is not unlike the development of technological knowledge: paradigms can be discerned over time and across the field. Indeed, in its history economics has experienced paradigm shifts. There is no reason why it will not do so again in the future. In

  20. Adoption of Moringa oleifera to combat under-nutrition viewed through the lens of the "Diffusion of innovations" theory.

    Science.gov (United States)

    Thurber, Melanie D; Fahey, Jed W

    2009-01-01

    Moringa oleifera, an edible tree found worldwide in the dry tropics, is increasingly being used for nutritional supplementation. Its nutrient-dense leaves are high in protein quality, leading to its widespread use by doctors, healers, nutritionists and community leaders, to treat under-nutrition and a variety of illnesses. Despite the fact that no rigorous clinical trial has tested its efficacy for treating under-nutrition, the adoption of M. oleifera continues to increase. The "Diffusion of innovations theory" describes well, the evidence for growth and adoption of dietary M. oleifera leaves, and it highlights the need for a scientific consensus on the nutritional benefits. Copyright © Taylor & Francis Group, LLC

  1. A theory of economic growth with material/energy resources and dematerialization: interaction of three growth mechanisms

    NARCIS (Netherlands)

    Ayes, R.U.; van den Bergh, J.C.J.M.

    2005-01-01

    The nature of energy and material resources in a non-optimizing growth theory framework is clarified. This involves two modifications of the conventional theory. Firstly, multiple feedback mechanisms or "growth engines" are identified, such that the impact of the cost of production through demand on

  2. Use of programme theory to understand the differential effects of interventions across socio-economic groups in systematic reviews-a systematic methodology review.

    Science.gov (United States)

    Maden, Michelle; Cunliffe, Alex; McMahon, Naoimh; Booth, Andrew; Carey, Gina Michelle; Paisley, Suzy; Dickson, Rumona; Gabbay, Mark

    2017-12-29

    Systematic review guidance recommends the use of programme theory to inform considerations of if and how healthcare interventions may work differently across socio-economic status (SES) groups. This study aimed to address the lack of detail on how reviewers operationalise this in practice. A methodological systematic review was undertaken to assess if, how and the extent to which systematic reviewers operationalise the guidance on the use of programme theory in considerations of socio-economic inequalities in health. Multiple databases were searched from January 2013 to May 2016. Studies were included if they were systematic reviews assessing the effectiveness of an intervention and included data on SES. Two reviewers independently screened all studies, undertook quality assessment and extracted data. A narrative approach to synthesis was adopted. A total of 37 systematic reviews were included, 10 of which were explicit in the use of terminology for 'programme theory'. Twenty-nine studies used programme theory to inform both their a priori assumptions and explain their review findings. Of these, 22 incorporated considerations of both what and how interventions do/do not work in SES groups to both predict and explain their review findings. Thirteen studies acknowledged 24 unique theoretical references to support their assumptions of what or how interventions may have different effects in SES groups. Most reviewers used supplementary evidence to support their considerations of differential effectiveness. The majority of authors outlined a programme theory in the "Introduction" and "Discussion" sections of the review to inform their assumptions or provide explanations of what or how interventions may result in differential effects within or across SES groups. About a third of reviews used programme theory to inform the review analysis and/or synthesis. Few authors used programme theory to inform their inclusion criteria, data extraction or quality assessment. Twenty

  3. An elicitation of utility for quality of life under prospect theory.

    Science.gov (United States)

    Attema, Arthur E; Brouwer, Werner B F; l'Haridon, Olivier; Pinto, Jose Luis

    2016-07-01

    This paper performs several tests of decision analysis applied to the health domain. First, we conduct a test of the normative expected utility theory. Second, we investigate the possibility to elicit the more general prospect theory. We observe risk aversion for gains and losses and violations of expected utility. These results imply that mechanisms governing decisions in the health domain are similar to those in the monetary domain. However, we also report one important deviation: utility is universally concave for the health outcomes used in this study, in contrast to the commonly found S-shaped utility for monetary outcomes, with concave utility for gains and convex utility for losses. Copyright © 2016 Elsevier B.V. All rights reserved.

  4. The accelerating universe under Poincaré gauge theory of gravtiy

    Directory of Open Access Journals (Sweden)

    AO Xichen

    2014-08-01

    Full Text Available The accelerating expansion was discovered at the end of the last century, which violates humans′ fundamental intuition of gravity. Trying to explaining this weird observational fact became the principal task of cosmologists, who proposed various models. Among these models, gauge theories of gravity , for its solid theoretical foundation, attract widespread attention. In this paper, we study the cosmology based on the Poincaré gauge theory of gravity. We obtain the analytical solution which describes the evolution history of the universe. And we fit these analytical results to the Type Ia Supernova observation data, and obtain the best-fit value for model parameters and initial conditions, and the confidence level of these parameters.

  5. Economics of Illegal Work and Illegal Workers (Immigrants: Are They Protected under South African Labour Law and the Constitution, 1996?

    Directory of Open Access Journals (Sweden)

    Mashele Rapatsa

    2015-12-01

    Full Text Available This article analyses whether prostitution (illegal work and illegal immigrants have access to the protective ambits of statutory framework regulating employment relations. Its objective is to examine the scope of labour law, considerate of ever changing trends in the modern world of work. It utilizes the two notable precedents founded in Kylie v CCMA and Discovery Health v CCMA. This is considerate of inherent dynamics in contemporary labour relations where the majority of workers have been displaced into grey areas that offer little or no protection, thus rendering workers vulnerable to exploitation. The article highlights a rising tension arising out of exploitative labour practices and socio-economic factors, and the need for labour law to respond. It has been found that courts have creatively invented strategic methods that have successfully aided efforts of protecting vulnerable workers engaged in economic activities under precarious circumstances. This is to the extent that the Constitution, 1996 and the Labour Relations Act 66 of 1995 have been interpreted in a manner that enhances worker protection, which fulfils the purpose for which labour law was enacted.

  6. Theory underlying CRM training: Psychological issues in flight crew performance and crew coordination

    Science.gov (United States)

    Helmreich, Robert L.

    1987-01-01

    What psychological theory and research can reveal about training in Cockpit Resource Management (CRM) is summarized. A framework is provided for the critical analysis of current approaches to CRM training. Background factors and definitions critical to evaluating CRM are reviewed, followed by a discussion of issues directly related to CRM training effectiveness. Some of the things not known about the optimization of crew performance and the research needed to make these efforts as effective as possible are described.

  7. Economic Studies

    Directory of Open Access Journals (Sweden)

    A. V. Kholopov

    2014-01-01

    Full Text Available The establishment of the School of Economic Science at MGIMO was due to the necessity of the world economy research, and the need to prepare highly skilled specialists in international economics. The school is developing a number of areas, which reflect the Faculty structure. - Economic theory is one of the most important research areas, a kind of foundation of the School of Economic Science at MGIMO. Economic theory studies are carried out at the chair of Economic theory. "The course of economic theory" textbook was published in 1991, and later it was reprinted seven times. Over the past few years other textbooks and manuals have been published, including "Economics for Managers" by Professor S.N. Ivashkovskaya, which survived through five editions; "International Economics" - four editions and "History of Economic Thought" - three editions. - International Economic Relations are carried out by the Department of International Economic Relations and Foreign Economic Activity. Its establishment is associated with the prominent economist N.N. Lyubimov. In 1957 he with his colleagues published the first textbook on the subject which went through multiple republications. The editorial team of the textbook subsequently formed the pride of Soviet economic science - S.M. Menshikov, E.P. Pletnev, V.D. Schetinin. Since 2007, the chair of Foreign Economic Activities led by Doctor of Economics, Professor I. Platonova has been investigating the problems of improving the architecture of foreign economic network and the international competitiveness of Russia; - The history of the study of problems of the world economy at MGIMO begins in 1958 at the chair baring the same name. Since 1998, the department has been headed by Professor A. Bulatov; - The study of international monetary relations is based on the chair of International Finance, and is focused on addressing the fundamental scientific and practical problems; - The chair "Banks, monetary circulation

  8. What's so local about global climate change? Testing social theories of environmental degradation to quantify the demographic, economic, and governmental factors associated with energy consumption and carbon dioxide emissions in U.S. metropolitan areas and counties

    Science.gov (United States)

    Tribbia, John Luke

    This research investigates the consequence of a crucial and not yet fully explored problem: the reluctance of the United States to sign and ratify international agreements, like Kyoto, that aim to mitigate climate change and its underlying social and ecological impacts. This unwillingness has inspired local governments, mayors, metropolitan area governance consortia, state governments, and governors to take on the climate challenge without the directive of the federal government. Local areas of the U.S. are experiencing climate-change-related impacts such as receding beach lines due to sea level rise and intense storms, fresh water shortages, and extreme weather events. As a result, researchers have begun to explore the human dimensions of climate change through an inquiry in: among many other topics, the vulnerability of local areas to the impacts of climate change and the forces shaping local areas' contribution to climate change. This study addresses the latter issue using the STIRPAT framework - a reformulated version of the I=(P)(A)(T) formulation that relates environmental impacts (I) to population growth (P), affluence (A), and technology (T). I address three questions that have thus far been poorly answered in prior research: "across the U.S., do local areas differ in the extent of their contribution to climate change?", "what are the causes of variation in energy use and carbon dioxide (CO2) emissions across local areas?" and "which social theories best explain the causes of variation in energy use and CO2 emissions across local areas?" To make strides in answering these questions and contribute to the understanding of local level drivers of energy consumption and emissions, this research analyzes the causes of variation in: energy use and CO2 emissions in the 100 largest U.S. metropolitan areas in chapter 4, the change in energy consumption between 2000 and 2005 for these metropolitan areas in chapter 5, and CO2 emissions in all U.S. counties in chapter 6

  9. Unauthorised Biographies: An Analysis Under the Perspective of Robert Alexy's External Theory

    Directory of Open Access Journals (Sweden)

    Adriana Inomata

    2015-12-01

    Full Text Available The present paperwork aimed to analyse whether or not the publication of a biography should require the prior authorisation from the subject  or their family. As there is, in this case, a collision between personality rights and freedom of speech, the proportionality test was used to solve such conflict. The first step was to define biography as a non-ficctional genre. The paperwork then aimed to define the theory of the principles, the external theory of the restriction of fundamental rights and the proportionality test developed by jurist Robert Alexy, which are largely used in Brazil by authors like Virgílio Afonso da Silva, Ingo Wolfgang Sarlet and Daniel Sarmento. It was observed that when fundamental rights collide, the proportionality must be verified and as a result there is a conditional precedence relation between the rights. In such case, the ceding right will be restricted by the preciding one. The external theory is a recognised manner of verifying whether the restriction of a fundamental right is legit or if it is a violation. The need for prior authorisation, based on the personality protection, restricts freedom of speech, on the other hand, its exemption is based on the right to freedom of speech. By applying the aforementioned method, a particular rule was developed and the conditions for it to be applicable: freedom of speech prevails over personality rights in given conditions (public figure, over suitable means, no expectation for privacy in the publication, diligence in the verification of truth or social and journalistic interest over the information

  10. Scalar boson emission by electrons in the Weinberg-Salam theory under a constant electromagnetic field

    International Nuclear Information System (INIS)

    Rodionov, V.N.; Studenikin, A.I.

    1985-01-01

    Consideration of processes with the assistance of virtual and real Higgs scalar neutral σ-bosons in the presence of a constant external crossed electromagnetic field is conducted. In the second order of the perturbation theory in the Weinberg-Jalam model corresponding contribution into mass lepton operator in this base probability dependence of σ-boson emission and radiation field σ-bosn effects on the crossed field parameter is investigated: x=√(eFsub(μν)psup(ν)sup(2)/msup(3)

  11. Why do we price electricity the way we do? Canadian policy in the light of political-economic theories of governmental behaviour

    International Nuclear Information System (INIS)

    Cairns, R.D.; Heyes, A.G.

    1993-01-01

    In the past few decades, Canadian crown electrical utilities have exhausted available economies of scale. At marginal cost prices, the utilities could recover costs and even a rent. Yet the available rents have not been collected through economically efficient pricing, but distributed to consumers through low prices. An economically preferred pricing method, known as second-best pricing, is formulated in which there are rents to the hydro resource but these rents are distributed to consumers through the pricing of the product rather than collected by the crown owner of the resource. The model assumes three types of demand: households with different annual incomes which are dependent on the profits of the other two types; small industrial or commercial firms; and large industrial firms. Revenues from the different demand classes are assumed to take the form of two-part tariffs. The pricing policies of crown utilities are discussed, with an emphasis on Hydro-Quebec, and the results of the model are used as informal tests of various theories of public decisionmaking. Most theories provide a partial explanation, but no theory provides a complete explanation of pricing behavior. 24 refs

  12. Using the Viability Theory to Assess the Flexibility of Forest Managers Under Ecological Intensification

    Science.gov (United States)

    Mathias, Jean-Denis; Bonté, Bruno; Cordonnier, Thomas; de Morogues, Francis

    2015-11-01

    Greater demand for wood material has converged with greater demand for biodiversity conservation to make balancing forest ecosystem services a key societal issue. Forest managers, owners, or policymakers need new approaches and methods to evaluate their ability to adapt to this dual objective. We analyze the ability of forest owners to define sustainable forest management options based on viability theory and a new flexibility index. This new indicator gauges the adaptive capacity of forest owners based on the number of sustainable actions available to them at a given time. Here we study a public forest owner who regulates harvest intensity and frequency in order to meet demand for timber wood at forest scale and to meet a biodiversity recommendation via a minimum permanently maintained volume of deadwood per hectare at stand scale. Dynamical systems theory was used to model uneven-aged forest dynamics—including deadwood dynamics—and the dynamics of timber wood demand and tree removals. Uneven-aged silver fir forest management in the "Quatre Montagnes region" (Vercors, France) is used as an illustrative example. The results explain situations where a joint increase in wood production and deadwood retention does not reduce the flexibility index more than increasing either one dimension alone, thus opening up ecological intensification options. To conclude, we discuss the value of the new flexibility index for addressing environmental management and ecological intensification issues.

  13. Elucidating the global elapid (Squamata) richness pattern under metabolic theory of ecology

    Science.gov (United States)

    Braga, Rosana Talita; Oliveira de Grande, Thallita; de Souza Barreto, Bruno; Felizola Diniz-Filho, José Alexandre; Terribile, Levi Carina

    2014-04-01

    Environmental determinants of global patterns in species richness are still uncertain. The Metabolic Theory of Ecology (MTE) proposes that species richness patterns can be explained by environmental temperature acting on the metabolism of ectothermic organisms. However, the generality of this theory has been questioned due to its low fit to the geographic variation in species richness of different taxonomic groups. Here, we investigated whether the MTE drives elapid richness, testing the non-stationarity of the relationship between the natural logarithm of species richness (ln S) and the inverse function of temperature (1/kT) using a geographically weighted regression (GWR). The relationship between ln S and 1/kT varied systematically over space and showed non-stationarity. Few tropical locations were consistent with MTE predictions, whereas other regions fitted differently. Although the slope of the GWR model ranged from low to high, the temperature did not predict species richness strongly on average and did not limit the upper values of richness. The response of richness to temperature in some areas might reflect a recent history of colonization and diversification of species across tropical and subtropical regions. In regions not affected by temperature, species richness should be structured by other biotic and abiotic interactions. This scenario reveals that the non-stationarity of the relationship would be linked to idiosyncrasies in the sample sites, which can drift the magnitude or change the relationship between species richness and temperature throughout space.

  14. Qualitative Economics

    DEFF Research Database (Denmark)

    Fast, Michael; Clark, Woodrow

    2012-01-01

    Focus in this paper is on building a science of economics, grounded in understanding of organizations and what is beneath the surface of economic structures and activities. As a science Economics should be concerned with its assumptions, logic and lines of arguments, and how to develop theories...... and formulate ideas of reality. There is a disconnection between a science of economics focuses on structures and universal laws from what is experienced in everyday of life of business activity. The everyday of life of business is processual, dynamic and contradictional. This discussion of how to understand...... the everyday economic life is the central issue and is discussed from the perspective of interactionism. It is a perspective developed from the Lifeworld philosophical traditions, such as symbolic interactionism and phenomenology, seeking to develop the thinking of economics. The argument is that economics...

  15. Effect of thermal loading due to laser pulse on thermoelastic porous medium under G-N theory

    Directory of Open Access Journals (Sweden)

    Mohamed I.A. Othman

    Full Text Available The aim of this paper is to study the wave propagation of generalized thermoelastic medium with voids under the effect of thermal loading due to laser pulse with energy dissipation. The material is a homogeneous isotropic elastic half-space and heated by a non-Gaussian laser beam with the pulse duration of 0.2 ps. A normal mode method is proposed to analyse the problem and obtain numerical solutions for the displacement components, stresses, temperature distribution and the change in the volume fraction field. The results of the physical quantities have been illustrated graphically by comparison between both types II and III of Green-Naghdi theory for two values of time, as well as with and without void parameters. Keywords: Laser pulse, Voids, Energy dissipation, Green-Naghdi theory, Wave propagation, Thermoelasticity

  16. Empirical Evidence on Time-Varying Hedging Effectiveness of Emissions Allowances under Departures from the Cost-of-Carry Theory

    Directory of Open Access Journals (Sweden)

    Kai Chang

    2013-01-01

    Full Text Available Under departures from the cost-of-carry theory, traded spot prices and conditional volatility disturbed from futures market have significant impacts on futures price of emissions allowances, and then we propose time-varying hedge ratios and hedging effectiveness estimation using ECM-GARCH model. Our empirical results show that conditional variance, conditional covariance, and their correlation between between spot and futures prices exhibit time-varying trends. Conditional volatility of spot prices, conditional volatility disturbed from futures market, and conditional correlation of market noises implied from spot and futures markets have significant effects on time-varying hedge ratios and hedging effectiveness. In the immature emissions allowances market, market participants optimize portfolio sizes between spot and futures assets using historical market information and then achieve higher risk reduction of assets portfolio revenues; accordingly, we can obtain better hedging effectiveness through time-varying hedge ratios with departures from the cost-of-carry theory.

  17. Techno-Economic Models for Optimised Utilisation of Jatropha curcas Linnaeus under an Out-Grower Farming Scheme in Ghana

    Directory of Open Access Journals (Sweden)

    Isaac Osei

    2016-11-01

    Full Text Available Techno-economic models for optimised utilisation of jatropha oil under an out-grower farming scheme were developed based on different considerations for oil and by-product utilisation. Model 1: Out-grower scheme where oil is exported and press cake utilised for compost. Model 2: Out-grower scheme with six scenarios considered for the utilisation of oil and by-products. Linear programming models were developed based on outcomes of the models to optimise the use of the oil through profit maximisation. The findings revealed that Model 1 was financially viable from the processors’ perspective but not for the farmer at seed price of $0.07/kg. All scenarios considered under Model 2 were financially viable from the processors perspective but not for the farmer at seed price of $0.07/kg; however, at seed price of $0.085/kg, financial viability was achieved for both parties. Optimising the utilisation of the oil resulted in an annual maximum profit of $123,300.

  18. VERSHINA – A POLISH VILLAGE IN SIBERIA. FACTORS INFLUENCING LANGUAGE MAINTENANCE UNDER CHANGING SOCIAL, CULTURAL, ECONOMIC AND POLITICAL CONDITIONS

    Directory of Open Access Journals (Sweden)

    Michał Głuszkowski

    2011-01-01

    Full Text Available The article discusses factors influencing language maintenance under changing social, cultural, economic and political conditions of Polish minority in Siberia. The village of Vershina was founded in 1910 by Polish voluntary settlers from Little Poland.During its first three decades Vershina preserved Polish language,traditions, farming methods and machines and also the Roman Catholic religion. The changes came to a village in taiga in the1930s. Vershina lost its ethnocultural homogeneity because of Russian and Buryat workers in the local kolkhoz. Nowadays the inhabitants of Vershina regained their minority rights: religious, educational and cultural. However, during the years of sovietization and ateization, their culture and customs became much more similar to other Siberian villages. Polish language in Vershina is under strong influence of Russian, which is the language of education,administration, and surrounding villages. Children from Polish-Russian families become monolingual and use Polish very rare, only asa school subject and in contacts with grandparents. The process of abandoning mother tongue in Vershina is growing rapidly. However,there are some factors which may hinder the actual changes:the activity of local Polish organisations and Roman Catholic parish as well as folk group “Jazhumbek”.

  19. Recent actions taken on methyl bromide under the Montreal Protocol: Their potential economic implications on international trade

    International Nuclear Information System (INIS)

    Ross, R.T.; Vail, P.V.

    1993-01-01

    Methyl bromide (MB) produced and used by man is a versatile, highly effective, fastacting fumigant employed in a number of important ways to kill organisms destructive to plants. A wide spectrum of commodities is treated with MB. The compound is unique in that it provides a wide range of pest control, may be applied to a broad spectrum of both food and non-food commodities, can be used for fumigation of large and small quantities of materials, and, when applied properly, leaves no residues of toxicological significance. Recently, this compound has come under scientific scrutiny and has been identified as a potentially potent ozone depleting chemical. As a result, countries operating under the Montreal Protocol will be restricting its use, and, in some cases, eliminating its use altogether. To date there are no alternative chemical fumigants to replace methyl bromide. Non-chemical treatments such as irradiation, hot and cold treatments, modified atmosphere, etc., are the most promising. The paper focuses on the magnitude of the economic consequences on international trade and the necessity to have available alternative treatments that are highly effective, fast-acting, and practical. 8 refs, 12 tabs

  20. Economical Evaluation of Single Irrigation Efficient of Rainfed Barley under Different Agronimic Managements at On-farm Areas

    Directory of Open Access Journals (Sweden)

    Ali Reza Tavakoli

    2016-02-01

    Full Text Available Introduction: Two of the main challenges in developing countries are food production and trying to get a high income for good nutrition and reduction of poverty. Cereals and legumes are the most important crops in the rainfed areas of the country occupying the majority of dry land areas. Irrigated production systems had a main role in food production in the past years; but unfortunately, in recent years, with high population and competition of industry and environment with agricultural sectors, getting adequate irrigation water is difficult. The main purpose of this study is to determine the best option of crop agronomic management. Rainfed agriculture is important in the world; because this production system establishes %80 of the agriculture area and prepares %70 of the food in the world. In the Lorestan province, production area for rainfed barley is 120,000 ha and the amount produced is 120000 ton (approximately 1009 kg per ha. The purposes of this study were to evaluate cost, benefit and profit of rainfed barley production, economical and non-economical substitution of treatments in different agronomic management, study of sale return, cost ratio, determining break-even of price and comparing it with the guaranteed price of barley and estimating the value of water irrigation. Materials and Methods: This research was carried out by sample farmers (12 farmers on rainfed barley at the Honam selected site in the Lorestan province during 2005-07. At on-farm areas of the upper Karkheh River Basin (KRB three irrigation levels were analyzed (rainfed, single irrigation at planting time and single irrigation at spring time under two agronomic managements (advanced management (AM and traditional management (TM. Data was analyzed by Partial Budgeting (PB technique, Marginal Benefit-Cost Ratio (MBCR, and economical and non-economical test. For estimation of net benefit the following formula was used: (1 Where: N.B: Net income (Rials/ ha , B(w : Gross

  1. Cost-utility analysis of antiviral use under pandemic influenza using a novel approach - linking pharmacology, epidemiology and heath economics.

    Science.gov (United States)

    Wu, D B C; Chaiyakunapruk, N; Pratoomsoot, C; Lee, K K C; Chong, H Y; Nelson, R E; Smith, P F; Kirkpatrick, C M; Kamal, M A; Nieforth, K; Dall, G; Toovey, S; Kong, D C M; Kamauu, A; Rayner, C R

    2018-03-01

    Simulation models are used widely in pharmacology, epidemiology and health economics (HEs). However, there have been no attempts to incorporate models from these disciplines into a single integrated model. Accordingly, we explored this linkage to evaluate the epidemiological and economic impact of oseltamivir dose optimisation in supporting pandemic influenza planning in the USA. An HE decision analytic model was linked to a pharmacokinetic/pharmacodynamics (PK/PD) - dynamic transmission model simulating the impact of pandemic influenza with low virulence and low transmissibility and, high virulence and high transmissibility. The cost-utility analysis was from the payer and societal perspectives, comparing oseltamivir 75 and 150 mg twice daily (BID) to no treatment over a 1-year time horizon. Model parameters were derived from published studies. Outcomes were measured as cost per quality-adjusted life year (QALY) gained. Sensitivity analyses were performed to examine the integrated model's robustness. Under both pandemic scenarios, compared to no treatment, the use of oseltamivir 75 or 150 mg BID led to a significant reduction of influenza episodes and influenza-related deaths, translating to substantial savings of QALYs. Overall drug costs were offset by the reduction of both direct and indirect costs, making these two interventions cost-saving from both perspectives. The results were sensitive to the proportion of inpatient presentation at the emergency visit and patients' quality of life. Integrating PK/PD-EPI/HE models is achievable. Whilst further refinement of this novel linkage model to more closely mimic the reality is needed, the current study has generated useful insights to support influenza pandemic planning.

  2. Assessing groundwater pollution hazard changes under different socio-economic and environmental scenarios in an agricultural watershed.

    Science.gov (United States)

    Lima, M Lourdes; Romanelli, Asunción; Massone, Héctor E

    2015-10-15

    This paper proposes a modeling approach for assessing changes in groundwater pollution hazard under two different socio-economic and environmental scenarios: The first one considers an exponential growth of agriculture land-use (Relegated Sustainability), while the other deals with regional economic growth, taking into account, the restrictions put on natural resources use (Sustainability Reforms). The recent (2011) and forecasted (2030) groundwater pollution hazard is evaluated based on hydrogeological parameters and, the impact of land-use changes in the groundwater system, coupling together a land-use change model (Dyna-CLUE) with a groundwater flow model (MODFLOW), as inputs to a decision system support (EMDS). The Dulce Stream Watershed (Pampa Plain, Argentina) was chosen to test the usefulness and utility of this proposed method. It includes a high level of agricultural activities, significant local extraction of groundwater resources for drinking water and irrigation and extensive available data regarding aquifer features. The Relegated Sustainability Scenario showed a negative change in the aquifer system, increasing (+20%; high-very high classes) the contribution to groundwater pollution hazard throughout the watershed. On the other hand, the Sustainability Reforms Scenario displayed more balanced land-use changes with a trend towards sustainability, therefore proposing a more acceptable change in the aquifer system for 2030 with a possible 2% increase (high-very high classes) in groundwater pollution hazard. Results in the recent scenario (2011) showed that 54% of Dulce Stream Watershed still shows a moderate to a very low contribution to groundwater pollution hazard (mainly in the lower area). Therefore, from the point of view of natural resource management, this is a positive aspect, offering possibilities for intervention in order to prevent deterioration and protect this aquifer system. However, since it is quite possible that this aquifer status (i

  3. Assessing groundwater pollution hazard changes under different socio-economic and environmental scenarios in an agricultural watershed

    Energy Technology Data Exchange (ETDEWEB)

    Lima, M. Lourdes, E-mail: mlima@mdp.edu.ar [Instituto de Geología de Costas y del Cuaternario, FCEyN, Universidad Nacional de Mar del Plata, Funes 3350, Nivel 1, 7600 Mar del Plata (Argentina); Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET) (Argentina); Romanelli, Asunción, E-mail: aromanel@mdp.edu.ar [Instituto de Geología de Costas y del Cuaternario, FCEyN, Universidad Nacional de Mar del Plata, Funes 3350, Nivel 1, 7600 Mar del Plata (Argentina); Instituto de Investigaciones Marinas y Costeras (IIMyC), Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET) (Argentina); Massone, Héctor E., E-mail: hmassone@mdp.edu.ar [Instituto de Geología de Costas y del Cuaternario, FCEyN, Universidad Nacional de Mar del Plata, Funes 3350, Nivel 1, 7600 Mar del Plata (Argentina)

    2015-10-15

    This paper proposes a modeling approach for assessing changes in groundwater pollution hazard under two different socio-economic and environmental scenarios: The first one considers an exponential growth of agriculture land-use (Relegated Sustainability), while the other deals with regional economic growth, taking into account, the restrictions put on natural resources use (Sustainability Reforms). The recent (2011) and forecasted (2030) groundwater pollution hazard is evaluated based on hydrogeological parameters and, the impact of land-use changes in the groundwater system, coupling together a land-use change model (Dyna-CLUE) with a groundwater flow model (MODFLOW), as inputs to a decision system support (EMDS). The Dulce Stream Watershed (Pampa Plain, Argentina) was chosen to test the usefulness and utility of this proposed method. It includes a high level of agricultural activities, significant local extraction of groundwater resources for drinking water and irrigation and extensive available data regarding aquifer features. The Relegated Sustainability Scenario showed a negative change in the aquifer system, increasing (+ 20%; high–very high classes) the contribution to groundwater pollution hazard throughout the watershed. On the other hand, the Sustainability Reforms Scenario displayed more balanced land-use changes with a trend towards sustainability, therefore proposing a more acceptable change in the aquifer system for 2030 with a possible 2% increase (high–very high classes) in groundwater pollution hazard. Results in the recent scenario (2011) showed that 54% of Dulce Stream Watershed still shows a moderate to a very low contribution to groundwater pollution hazard (mainly in the lower area). Therefore, from the point of view of natural resource management, this is a positive aspect, offering possibilities for intervention in order to prevent deterioration and protect this aquifer system. However, since it is quite possible that this aquifer status

  4. Assessing groundwater pollution hazard changes under different socio-economic and environmental scenarios in an agricultural watershed

    International Nuclear Information System (INIS)

    Lima, M. Lourdes; Romanelli, Asunción; Massone, Héctor E.

    2015-01-01

    This paper proposes a modeling approach for assessing changes in groundwater pollution hazard under two different socio-economic and environmental scenarios: The first one considers an exponential growth of agriculture land-use (Relegated Sustainability), while the other deals with regional economic growth, taking into account, the restrictions put on natural resources use (Sustainability Reforms). The recent (2011) and forecasted (2030) groundwater pollution hazard is evaluated based on hydrogeological parameters and, the impact of land-use changes in the groundwater system, coupling together a land-use change model (Dyna-CLUE) with a groundwater flow model (MODFLOW), as inputs to a decision system support (EMDS). The Dulce Stream Watershed (Pampa Plain, Argentina) was chosen to test the usefulness and utility of this proposed method. It includes a high level of agricultural activities, significant local extraction of groundwater resources for drinking water and irrigation and extensive available data regarding aquifer features. The Relegated Sustainability Scenario showed a negative change in the aquifer system, increasing (+ 20%; high–very high classes) the contribution to groundwater pollution hazard throughout the watershed. On the other hand, the Sustainability Reforms Scenario displayed more balanced land-use changes with a trend towards sustainability, therefore proposing a more acceptable change in the aquifer system for 2030 with a possible 2% increase (high–very high classes) in groundwater pollution hazard. Results in the recent scenario (2011) showed that 54% of Dulce Stream Watershed still shows a moderate to a very low contribution to groundwater pollution hazard (mainly in the lower area). Therefore, from the point of view of natural resource management, this is a positive aspect, offering possibilities for intervention in order to prevent deterioration and protect this aquifer system. However, since it is quite possible that this aquifer status

  5. Theories and Evidence of Urban Dilemma in Peru: Why did we Grow Economically with Violence? (2000-2012)

    OpenAIRE

    Hernández Breña, Wilson

    2016-01-01

    In the last decade, Peru has experienced what is known as the urban dilemma: the country has grown economically and, in tandem with greater urbanization, urban violence has increased. The objective of this research is to study that dilemma through the identification of determinants of urban violence (thefts per 100,000 inhabitants). In addition to the other two variables of the urban dilemma (GDP per capita and population density), explanatory variables of economic inequalities and poverty ar...

  6. Economic Darwinism

    DEFF Research Database (Denmark)

    Sloth, Birgitte; Whitta-Jacobsen, Hans Jørgen

    2011-01-01

    We define an evolutionary process of "economic Darwinism" for playing the field, symmetric games. The process captures two forces. One is "economic selection": if current behavior leads to payoff differences, behavior yielding lowest payoff has strictly positive probability of being replaced...... in the literature. Using this result, we demonstrate that generally under positive (negative) externalities, economic Darwinism implies even more under- (over-)activity than does Nash equilibrium....

  7. Economic Darwinism

    DEFF Research Database (Denmark)

    Sloth, Birgitte; Whitta-Jacobsen, Hans Jørgen

    We define an evolutionary process of “economic Darwinism” for playing-the-field, symmetric games. The process captures two forces. One is “economic selection”: if current behavior leads to payoff differences, behavior yielding lowest payoff has strictly positive probability of being replaced...... in the literature. Using this result, we demonstrate that generally under positive (negative) externalities, economic Darwinism implies even more under- (over-) activity than does Nash equilibrium...

  8. Prior to Economic Treatment of Emissions and Their Uncertainties Under the Kyoto Protocol: Scientific Uncertainties That Must Be Kept in Mind

    International Nuclear Information System (INIS)

    Jonas, M.; Nilsson, S.

    2007-01-01

    In a step-by-step exercise - beginning at full greenhouse gas accounting (FGA) and ending with the temporal detection of emission changes - we specify the relevant physical scientific constraints on carrying out temporal signal detection under the Kyoto Protocol and identify a number of scientific uncertainties that economic experts must consider before dealing with the economic aspects of emissions and their uncertainties under the Protocol. In addition, we answer one of the crucial questions that economic experts might pose: how credible in scientific terms are tradable emissions permits? Our exercise is meant to provide a preliminary basis for economic experts to carry out useful emissions trading assessments and specify the validity of their assessments from the scientific point of view, that is, in the general context of a FGA-uncertainty-verification framework. Such a basis is currently missing

  9. Pure classical SU(2) Yang-Mills theory with potentials invariant under a U(1) gauge subgroup

    International Nuclear Information System (INIS)

    Bacry, H.

    1978-07-01

    The present article is devoted to pure SU(2) classical Yang-Mills theories whose potentials are invariant under a U(1) gauge subgroup. Such potentials are shown to be associated with classical Maxwell-like fields with magnetic sources as 't Hooft's monopole is associated with the Dirac magnetic monopole. Conversely, the authors give Yang-Mills potentials corresponding to some Maxwell-like fields, in particular static magnetic fields with emphasis on those with cylindrical symmetry (including the dipole and other multipoles) and the ephemerons corresponding to an instantaneous magnetic multipole

  10. Dynamic Phase Transitions In The Spin-2 Ising System Under An Oscillating Magnetic Field Within The Effective-Field Theory

    International Nuclear Information System (INIS)

    Ertas, Mehmet; Keskin, Mustafa; Deviren, Bayram

    2010-01-01

    The dynamic phase transitions are studied in the spin-2 Ising model under a time-dependent oscillating magnetic field by using the effective-field theory with correlations. The effective-field dynamic equation is derived by employing the Glauber transition rates and the phases in the system are obtained by solving this dynamic equation. The nature (first- or second-order) of the dynamic phase transition is characterized by investigating the thermal behavior of the dynamic order parameter and the dynamic phase transition temperatures are obtained. The dynamic phase diagrams are presented in (T/zJ, h/zJ) plane.

  11. Rational Adaptation under Task and Processing Constraints: Implications for Testing Theories of Cognition and Action

    Science.gov (United States)

    Howes, Andrew; Lewis, Richard L.; Vera, Alonso

    2009-01-01

    The authors assume that individuals adapt rationally to a utility function given constraints imposed by their cognitive architecture and the local task environment. This assumption underlies a new approach to modeling and understanding cognition--cognitively bounded rational analysis--that sharpens the predictive acuity of general, integrated…

  12. Effect of Milk Yield on Economic Profitability of Holstein Friesian Cows under Intensive Production System in Egypt

    Directory of Open Access Journals (Sweden)

    H. G. El-Awady

    2013-01-01

    Full Text Available Data of productive and reproductive traits of 1961 of lactation records were obtained from 763 Dutch Friesian cows grew up at Wadi El-Sharkia farm, El-Salheia, Egypt. These data were analyzed to empirical comparison between the profitability of three herds under intensive production system in Egypt. The second herd (H2 produced average milk yield of 8619 kg/lactation, followed by first herd (H1 (5138 kg/lactation which was lower than the H2 by at least one standard deviation (SD = 2935 kg. The third herd (H3 produced high milk yield equal to the average of H2 plus at least one standard deviation. Traits studied were milk yield per day (M/D, kg, total milk yield (TMY, kg, lactation period (LP, day, dry period (DP, day, annual milk yield (AMY, kg, days open (DO, day, number of services per conception (NSPC, calving interval (CI, day, number of lactation completed (NLC and age at first calving (AFC. Least squares analysis of variance showed highly significant (P<0.01 effects of all factors on all traits studied except the effect of month and year of calving on NSPC that was non-significant. For comparing between the three herds, the deterministic model was used to estimate the annual gross margin and benefit/cost ratio as economic parameters. Prices of inputs and outputs were based on market and farm gate prices during the period from 1998 to 2007. DO, CI and NSPC were increased in H3 vs. H2 and H1, indicating poorer reproductive efficiency of high yielding herd. Moreover, H3 gave 1.03 and 1.5 parity less for each cow than that of H2 and H1, respectively. Economic evaluations indicated that the annual variable cost were (LE (Egyptian pound = 0.17 USD and = 0.13 EUR 5136, 6910 and 7845 of H1, H2 and H3, respectively. However, the annual gross margin of H3 was higher than that of H1 and H2 by 79 and 24%, respectively, and the benefit/cost ratio of H3 was 1.90 relative to 1.63 and 1.68 for H1 and H2, respectively. The profit per cow during the

  13. Game Theory: The Nash Equilibrium Point Identification In Bi-Matrix Games Of Economic And Social Indicators

    Directory of Open Access Journals (Sweden)

    Fernanda Kreuzberg

    2015-12-01

    Full Text Available Currently companies have to think about its management system to meet not only their economic interests but also their social interests aiming at the activities’ sustainability and longevity. In this research, the goal is to identify the Nash equilibrium point in the bi-matrix game of economic and social indicators of the companies of Public Utilities sector listed on the BM & FBovespa. The research was conducted with a sample of 26 companies. To evaluate the economic performance it was used the profitability and market indicators; for evaluating the social performance, it was used the indicators derived from the VAD (Value Added Statement. In the estimation of earnings among indicators, it was used the standard parameters of the multiple linear regression. The obtained results highlighted the existence of at least one point of equilibrium for the years analyzed and, especially in the models, two points of equilibrium were proposed for 2009 and 2011 and three for 2010. It is noteworthy that, in the proposed model it was confirmed the hypothesis of the existence of at least one point of equilibrium. Thus, it was possible to meet the research objective, namely, that it is possible to meet both economic aspects and the social aspects of the companies when the indicators are taken as basic information.

  14. Management, innovation and business results under the Resources and Capabilities Theory

    Directory of Open Access Journals (Sweden)

    José Fernádez Palma

    2017-06-01

    Full Text Available Different lines of thought, which relate to how organizations can achieve their competitive advantage, can be found within the general theory of management. On the one hand, there are those who argue that the knowledge and analysis of the environment and the industry in which the organization participates is of vital importance and, on the other hand, those who believe that the main source of competitiveness is concentrated within the organizations themselves. In the latter case, the Resources and Capabilities approach asserts that such internal elements are a real and distinctive source of competitive advantage. It supports the existence of tangible and intangible assets, for example the managerial skills of the managers, the organizational processes and the internal procedures, which are key elements for effective operation and for the achievement of the company´s objectives. Therefore, the general purpose of this research is to determine if there is a relationship between a set of internal capabilities in a company and its respective financial results. An exploratory, descriptive and correlational study was carried out using secondary information about the main idea, as well as a descriptive survey taken by 12 medium-sized companies in the city of Punta Arenas. Through the study it was possible to identify and describe the main relationships between the indicated variables.

  15. Buckling analysis of orthotropic protein microtubules under axial and radial compression based on couple stress theory.

    Science.gov (United States)

    Beni, Yaghoub Tadi; Zeverdejani, M Karimi; Mehralian, Fahimeh

    2017-10-01

    Protein microtubules (MTs) are one of the important intercellular components and have a vital role in the stability and strength of the cells. Due to applied external loads, protein microtubules may be involved buckling phenomenon. Due to impact of protein microtubules in cell reactions, it is important to determine their critical buckling load. Considering nature of protein microtubules, various parameters are effective on microtubules buckling. The small size of microtubules and also lack of uniformity of MTs properties in different directions caused the necessity of accuracy in the analysis of these bio-structure. In fact, microtubules must be considered as a size dependent cylinder, which behave as an orthotropic material. Hence, in the present work using first-order shear deformation model (FSDT), the buckling equations of anisotropic MTs are derived based on new modified couple stress theory (NMCST). After solving the stability equations, the influences of various parameters are measured on the MTs critical buckling load. Copyright © 2017 Elsevier Inc. All rights reserved.

  16. Consumer Behavior Under Imperfect Information: A Review of Psychological and Marketing Research as It Relates to Economic Theory

    OpenAIRE

    Wilde, Louis L.

    1983-01-01

    In recent years, theoretical economists have begun to examine the effects of imperfect information on the existence, uniqueness, and efficiency of market equilibria, both in labor markets and in consumer product markets. Two significant conclusions can be drawn from this literature: (1) the properties of market equilibria are extremely sensitive to the search strategies used by consumers or workers, and (2) the key to “stabilizing” markets at price or wage distributions which are competitive ...

  17. Uniqueness of First Order Post-Newtonian Collinear Solutions for Three-Body Problem under a Scalar-Tensor Theory

    Science.gov (United States)

    Cao, Wei-Guang; Zhou, Tian-Yi; Xie, Yi

    2017-10-01

    As a continuing investigation of an earlier work that establishes the collinear solutions to the three-body problem with general masses under a scalar-tensor theory, we study these solutions and prove their uniqueness up to the first order post-Newtonian approximation. With the help of observed bounds on the scalar field in the Solar System, we show that the seventh-order polynomial equation determining the distance ratio among the three masses has either one or three positive roots. However, in the case with three positive roots, it is found that two positive roots break down the slow-motion condition for the post-Newtonian approximation so that only one positive root is physically valid. The resulting uniqueness suggests that the locations of the three masses are very close to their Newtonian positions with post-Newtonian corrections of general relativity and the scalar field. We also prove that, in the framework of the scalar-tensor theory, the angular velocity of the collinear configuration is always less than the Newtonian one when all other parameters are fixed. These results are valid only for three-body systems where upper-bounds on the scalar field are compatible with those of the Solar System. Supported by the National Natural Science Foundation of China under Grant Nos. 11573015 and J1210039, and the Innovation Training Project for Undergraduates of Nanjing University, China

  18. [Effects of acupuncture under guidance of qi street theory on endocrine function in the patient of epilepsy].

    Science.gov (United States)

    Chen, Xing-hua; Yang, Hai-tou

    2008-07-01

    To observe effects of acupuncture under guidance of qi street theory on endocrine function in the patient of epilepsy. Sixty cases of epilepsy were randomly divided into an acupuncture-medicine group and a medication group, 30 cases in each group. The medication group were treated with Valpromide, and the acupuncture-medicine group were treated with Valpromide and acupuncture at main points Renying (ST 9), Fengfu (GV 16), Tianzhu (BL 10). Epilepsy scores and plasma total cortisol (CORT), estradiol (E2), pregnendione (P), and prolactin (PRL) levels before and after treatment were observed. Results The total effective rates were 96.7% in the two groups with no significant difference between the two groups (P>0.05); the epilepsy score before treatment was (13.58+/-4.01) points and after treatment was (8.30+/-4.52) points in the acupuncture-medicine group, and (12.97+/-3.91) points and (7.86+/-4.90) points in the medication group, respectively, with significant improvement after treatment in the score in the two groups (Pacupuncture-medicine group and plasma CORT, E2, P levels in the medication group had significant changes (PAcupuncture under guidance of qi street theory is an effective method for improving endocrine function in the patient of epilepsy.

  19. Setting the most robust effluent level under severe uncertainty: application of information-gap decision theory to chemical management.

    Science.gov (United States)

    Yokomizo, Hiroyuki; Naito, Wataru; Tanaka, Yoshinari; Kamo, Masashi

    2013-11-01

    Decisions in ecological risk management for chemical substances must be made based on incomplete information due to uncertainties. To protect the ecosystems from the adverse effect of chemicals, a precautionary approach is often taken. The precautionary approach, which is based on conservative assumptions about the risks of chemical substances, can be applied selecting management models and data. This approach can lead to an adequate margin of safety for ecosystems by reducing exposure to harmful substances, either by reducing the use of target chemicals or putting in place strict water quality criteria. However, the reduction of chemical use or effluent concentrations typically entails a financial burden. The cost effectiveness of the precautionary approach may be small. Hence, we need to develop a formulaic methodology in chemical risk management that can sufficiently protect ecosystems in a cost-effective way, even when we do not have sufficient information for chemical management. Information-gap decision theory can provide the formulaic methodology. Information-gap decision theory determines which action is the most robust to uncertainty by guaranteeing an acceptable outcome under the largest degree of uncertainty without requiring information about the extent of parameter uncertainty at the outset. In this paper, we illustrate the application of information-gap decision theory to derive a framework for setting effluent limits of pollutants for point sources under uncertainty. Our application incorporates a cost for reduction in pollutant emission and a cost to wildlife species affected by the pollutant. Our framework enables us to settle upon actions to deal with severe uncertainty in ecological risk management of chemicals. Copyright © 2013 Elsevier Ltd. All rights reserved.

  20. Neuroeconomics: Bringing Neuroscience and Economics Together

    Directory of Open Access Journals (Sweden)

    Gelengül KOÇASLAN

    2010-12-01

    Full Text Available There are revealed situations in economics where the key axioms of mainstream theory are violated. Bandwagon, snob and Veblen effects are the examples from the demand theory . Maurice Allais and Daniel Ellsberg have determined the behavior anomalies under risk and uncertainty in 1953 and in 1962 respectively. Deviations from the optimal economic behavior have been argued by several economists and psychologists. Currently the components of economic behavior is being discussed at a neural base by neuroeconomists combining the methods of neuroscience and economics. This study is designed to understand neuroeconomics, its techniques and applications and also it is aimed to better understand the basic motives underlying economic behavior in real life situations