Experimente und forstökonomische Fragen

2012 ◽  
Vol 163 (10) ◽  
pp. 417-421
Author(s):  
Urs Fischbacher

Experiments and forest economic questions During the last decades experiments have gained great importance in economics. These experiments deal with questions that are of significance for forest economic research, too. Timber production, for example, is characterised by long-term decisions and, in addition, forestry produces important public goods. In this article the experimental method is introduced. Furthermore, experimental findings are presented, e.g., concerning time preferences and externalities, and possible applications for the study of forest product markets and institutions are outlined.

2021 ◽  
pp. 1-3
Author(s):  
Anda David ◽  
Frédéric Docquier

How do weather shocks influence human mobility and poverty, and how will long-term climate change affect future migration over the course of the 21st century? These questions have gained unprecedented attention in public debates as global warming is already having severe impacts around the world, and prospects for the coming decades get worse. Low-latitude countries in general, and their agricultural areas in particular, have contributed the least to climate change but are the most adversely affected. The effect on people's voluntary and forced displacements is of major concern for both developed and developing countries. On 18 October 2019, Agence Française de Développement (AFD) and Luxembourg Institute of Socio-Economic Research (LISER) organized a workshop on Climate Migration with the aim of uncovering the mechanisms through which fast-onset variables (such as weather anomalies, storms, hurricanes, torrential rains, floods, landslides, etc.) and slow-onset variables (such as temperature trends, desertification, rising sea level, coastal erosion, etc.) influence both people's incentives to move and mobility constraints. This special issue gathers five papers prepared for this workshop, which shed light on (or predict) the effect of extreme weather shocks and long-term climate change on human mobility, and stress the implications for the development community.


1994 ◽  
Vol 17 (5) ◽  
pp. 280-293 ◽  
Author(s):  
P. Arru ◽  
S. Rinaldi ◽  
C. Stacchino ◽  
F. Vallana

The hinge design of a new bileaflet valve (Bicarbon) is presented in relation to the long-term durability characteristics. Theoretical considerations supported by experimental findings, lead to the identification of two different wear mechanisms acting in bileaflet valves, i.e. impact and friction wear. Impact wear, caused by the collision between the hinge stops and inflow surface of the leaflet pivots, is the predominant phenomenon; it is mostly influenced by the design of the coupling elements. The wear due to friction is significantly less important, given a proper kinematic coupling and a thorough washout. These different mechanisms can significantly affect the wear resistance and long-term reliability of bileaflet valves; therefore, they have been properly taken into account in designing the new valve model. The safety of the overall material and design solutions adopted in the Bicarbon valve has been confirmed by extensive accelerated durability tests resulting in no mechanical failure or loss of functionality


Author(s):  
Anatoly E Martynyuk ◽  
Ling-Sha Ju ◽  
Timothy E Morey

Abstract Most surgical procedures require general anesthesia, which is a reversible deep sedation state lacking all perception. The induction of this state is possible because of complex molecular and neuronal network actions of general anesthetics (GAs) and other pharmacological agents. Laboratory and clinical studies indicate that the effects of GAs may not be completely reversible upon anesthesia withdrawal. The long-term neurocognitive effects of GAs, especially when administered at the extremes of ages, are an increasingly recognized health concern and the subject of extensive laboratory and clinical research. Initial studies in rodents suggest that the adverse effects of GAs, whose actions involve enhancement of GABA type A receptor activity (GABAergic GAs), can also extend to future unexposed offspring. Importantly, experimental findings show that GABAergic GAs may induce heritable effects when administered from the early postnatal period to at least young adulthood, covering nearly all age groups that may have children after exposure to anesthesia. More studies are needed to understand when and how the clinical use of GAs in a large and growing population of patients can result in lower resilience to diseases in the even larger population of their unexposed offspring. This minireview is focused on the authors’ published results and data in the literature supporting the notion that GABAergic GAs, in particular sevoflurane, may upregulate systemic levels of stress and sex steroids and alter expressions of genes that are essential for the functioning of these steroid systems. The authors hypothesize that stress and sex steroids are involved in the mediation of sex-specific heritable effects of sevoflurane.


Author(s):  
LISELOTTE ODGAARD ◽  
SVEN BISCOP

This chapter considers the EU's ambition to enmesh China in a system of effective multilateralism in pursuit of global public goods. It notes that China's position on both multilateralism and universal goods to be contingent: China favours these engagements and goals to the extent that they restrain and commit others, but is much more conservative if they require restraint or commitment on its own part. China's reservations derive mostly from the behaviour of the United States: if the world's predominant military and economic power is a contingent multilateralist, can the rising power of China do otherwise? Until there is more evidence to the contrary, this chapter concludes that China's commitment to multilateralism cannot form a ‘reliable basis for long-term EU policy planning towards China’.


2015 ◽  
Vol 2 (1) ◽  
pp. 74-87
Author(s):  
James C. Schopf

Easton's systems theory greatly contributed to the field of political science by providing a useful holistic framework, demonstrating how the political system functions, by meeting societal demands with policy outputs. Easton's interest lay in the political system's persistence, which in his model, merely required the existence of community. Communities, however, require state-provided security to survive in a hostile international environment. Hence, this paper builds a sub-systemic governance model able to explain domestic political system and state persistence. The model argues that large input generating groups require sufficient allocation of public goods for the long term maintenance of the domestic political system. Application of the model to the successful South Korean case demonstrated that the share of public goods increased along with the size of the input generating group. Long term disruption of this critical subsystem in countries with large input generating groups, however, can destabilize the state and its domestic political system with increased pressure from unmet societal demands. This new sub-systemic model seeks to advance understanding of the operation of the system and open up new areas of research into the persistence of the domestic political system. The systems approach has greatly contributed to the study of politics. David Easton's seminal Systems Theory drew attention to important aspects of political life and provided a critical framework with which to understand and analyze inputs into the political system and policy outputs to the social environment. The advancement of systems theory in political science was hobbled, however by methodological shortcomings. Easton failed to operationalize key concepts, and as a result, the theory was neither applied nor tested. In addition, Easton's all-inclusive system design was unable to give insight into several systems-related questions areas of interest to social scientists, including the survival or collapse of states and their domestic political systems, regime change, and variation in the nature of policy outputs or societal inputs. Combining Easton's policy process framework with methodologically rigorous approaches sharing key system's theory assumptions helps to deepen understanding of these issues. By narrowing Easton's system to a critical subsystem comprised of the leader and his/her supporters, it becomes evident that changes in the size of the input-generating group can markedly affect the quality of government policy outputs. This new sub systemic model yields the prediction that leader's seeking to maintain power will allocate an increased ratio of public goods to private goods, the larger the size of the input generating group. After operationalizing the size of the input-generating group and the share of public vs. private goods allocated through economic policy, this paper applies this sub systemic hypothesis to explain recent changes in economic policy making in South Korea. Modernization theory provides the added insight that the forces of industrialization and economic development are increasing the size of the input-generating group in societies throughout the world, which are calling for public policy goods, in the form of democratic political rights as well as improved overall living standards. Leadership failing to respond to these increased demands over a prolonged period not only provokes regime change, but, in certain circumstances, can destabilize and trigger the collapse of states and of domestic political systems. Research into underdeveloped institutions, economic power concentration, sectarian division and other factors impeding delivery of public goods to large input generating groups, can offer further insight into the question of systemic persistence, the central concern of Easton's systems theory. The article first critiques the strengths and weaknesses of Easton's systems theory. A sub-systemic model is offered to ameliorate the methodological shortcomings of Easton's systems theory while making it applicable to questions concerning the persistence of domestic political systems and state maintenance. Applied to two cases of Korean industrial restructuring, the predictions of the sub-systemic model hold true: small input generating groups under authoritarian rule were associated with provision of private goods, whereas larger input generating groups under democracy produced policies that allocated public goods. The final section of the paper then explores the possible collapse of the domestic political system in cases where leadership is unable to provide public goods to large input generating groups.


2017 ◽  
Vol 35 (3) ◽  
pp. 290-320 ◽  
Author(s):  
James R. DeLisle ◽  
Terry V. Grissom

Purpose The purpose of this paper is to investigate changes in the commercial real estate market dynamics as a function of and conditional to the shifts in market state-space environment that can influence agent responses. Design/methodology/approach The analytical design uses a comparative computational experiment to address the performance of property assets in the current market based on comparison with prior structural patterns. The latent variables developed across market sectors are used to test agent behavior contingent on the perspectives of capital asset pricing conditionals (CAPM) and a behavioral momentum/herd construct. The state-space momentum analysis can assist the comparative analysis of current levels and shifts in property asset performance given the issues that have arisen with the financial crisis of 2007-2009. Findings An analytic approach is employed framed by a situation-dependent model. This frame considers risk profiles characterizing the perspectives and preferences guiding a delineated market state. This perspective is concerned with the possibility of shifts in market momentum and representativeness conditioning investor expectations. It is observed that the current market (post-crisis) has changed significantly from the prior operations (despite the diversity observed in prior market states). The dynamics of initial findings required an additional test anchored to the performance of the general capital market and the real economy across time. This context supports the use of a modified CAPM model allowing the consideration of opportunity cost in a space-time dynamic anchored with the consideration of equity, debt, riskless asset and liquidity options as they varied for the representative agents operating per market state. Research limitations/implications This paper integrates neoclassical and behavioral economic constructs. Combines asset pricing with prospect theory and allows the calculation of endogenous time-preferences, risk attitudes and formulation and testing of hyperbolic discounting functions. Practical implications The research shows that market structure and agent behavior since the financial crisis has changed from the investment and valuation perspectives operating as observed and measured from 1970 up to 2007. In contradiction to the long-term findings of Reinhart and Rogoff (2008), but in compliance with common perspectives and decision heuristics often employed by investors, this time things have changed! Discounting and expected rates of return are dynamic and are hyperbolic and not constant. Returns and investment for property assets are situational (market state-space specific) and offer a distinct asset class, not appropriately estimated by many of the traditional financial models. Social implications Assist in supporting insights to measure in errors and equations that result in inefficient resource allocation and beta discounting that supports the financial crisis created by assets subject to long-term decision needs (delta function). Originality/value The paper offers a combination and comparison of neoclassic asset pricing using a modified CAPM (two-pass) approach within the structural frame of Kahneman and Tversky’s (1979) prospect theory. This technique allows the consideration of the effects of present bias, beta-delta functions and the operation of the Allais Paradox in market states that are characterized by gains and losses and thus risk aversion and risk seeking behavior. This ability for differentiation allows for the development of endogenous time-preferences and hyperbolic discounting factors characteristic of commercial property investment.


2021 ◽  
Vol 63 ◽  
pp. 102205
Author(s):  
A.C. den Brinker ◽  
R. van Dinther ◽  
M.G. Crooks ◽  
S. Thackray-Nocera ◽  
A.H. Morice

Sign in / Sign up

Export Citation Format

Share Document