53,301 research outputs found

    Parallel imports, innovations and national welfare: The role of the sizes of the income classes and national markets for health care.

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    This paper shows that regardless of any intra-country income differences, parallel imports result in a lower level of health-care innovation but, contrary to popular as well as conventional theoretical wisdom, a lower price in the Third World compared to market-based discrimination. Despite such a lower price, however, parallel imports unambiguously make all buyers in the Third World worse off when intra-country income disparity exists. On the other hand, even discarding the MNC's profit, there will be cases in which the richer country prefers price discrimination as well. That is, in those cases, no countries will have any incentive under the welfare criterion to undo price discrimination, contrary to Richardso

    Instability and trade in currency areas

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    We present a model of a currency area in which labor markets of country members are isolated but there is trade among these countries. When a country experiences a negative (resp. positive) shock, inflation goes down (up). This causes two effects. On the one hand the real interest rate of this country increases (decreases). On the other hand the goods produced in this country become more (less) competitive. We show that the stability of the system depends on several factors, including a large competitive effect, how inflation expectations are formed and fiscal policy. In general, stability requires a trade-off between the rationality of expectations and budget balance

    Studies of the nucler equation of state using numerical calculations of nuclear drop collisions

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    A numerical calculation for the full thermal dynamics of colliding nuclei was developed. Preliminary results are reported for the thermal fluid dynamics in such processes as Coulomb scattering, fusion, fusion-fission, bulk oscillations, compression with heating, and collisions of heated nuclei

    Encoding algebraic power series

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    Algebraic power series are formal power series which satisfy a univariate polynomial equation over the polynomial ring in n variables. This relation determines the series only up to conjugacy. Via the Artin-Mazur theorem and the implicit function theorem it is possible to describe algebraic series completely by a vector of polynomials in n+p variables. This vector will be the code of the series. In the paper, it is then shown how to manipulate algebraic series through their code. In particular, the Weierstrass division and the Grauert-Hironaka-Galligo division will be performed on the level of codes, thus providing a finite algorithm to compute the quotients and the remainder of the division.Comment: 35 page

    Fine-scale mapping of High Nature Value farmlands: novel approaches to improve the management of rural biodiversity and ecosystem services

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    High Nature Value farmlands (HNVf) are defined as rural lands characterized by high levels of biodiversity and extensive farming practices. These farmlands are also known to provide important ecosystems services, such as food production, pollination, water purification and landscape recreation. Recently, this concept has been introduced in Rural Development Programmes related to biodiversity preservation in traditional agricultural landscapes. However, there are no specific rules concerning the practical use of the concept, particularly on the identification of potential HNVf areas at a local scale. However, this application becomes important for farmland biodiversity protection in the context of multi-scale agricultural development. We present a novel approach for HNVf mapping, which provides an improved local discrimination of farmlands according to their contribution for the conservation of rural biodiversity and ecosystem services. Our approach is based on a multi-criteria valuation of habitat types based on the national land cover map and agrarian censuses. It is onsidered applicable in other EU countries since comparable datasets are usually available. This methodology is also expected to provide the backbone of a standard, cost-effective methodology for HNVf monitoring, with an emphasis on the impacts of land use change on species, habitats and landscape function
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