Governance and Performance of Microfinance Institutions in Central and Eastern Europe and the Newly Independent States

This paper studies how various governance mechanisms affect the performance of microfinance institutions in Central and Eastern Europe and the Newly Independent States. Results show that managerial compensation matters, that market forces are becoming important disciplining device, and that board size, diversification and independence affect both outreach and sustainability.Financial Economics,

Improved and Formal Proposal for Device Independent Quantum Private Query

In this paper, we propose a novel Quantum Private Query (QPQ) scheme with full Device-Independent certification. To the best of our knowledge, this is the first time we provide such a full DI-QPQ scheme using EPR-pairs. Our proposed scheme exploits self-testing of shared EPR-pairs along with the self-testing of projective measurement operators in a setting where the client and the server do not trust each other. To certify full device independence, we exploit a strategy to self-test a particular class of POVM elements that are used in the protocol. Further, we provide formal security analysis and obtain an upper bound on the maximum cheating probabilities for both the dishonest client as well as the dishonest server.Comment: 33 pages, 2 figure

Demonstration of Quantum Nonlocality in presence of Measurement Dependence

Quantum nonlocality stands as a resource for Device Independent Quantum Information Processing (DIQIP), as, for instance, Device Independent Quantum Key Distribution. We investigate experimentally the assumption of limited Measurement Dependence, i.e., that the measurement settings used in Bell inequality tests or DIQIP are partially influenced by the source of entangled particle and/or by an adversary. Using a recently derived Bell-like inequality [Phys. Rev. Lett. 113 190402] and a 99% fidelity source of partially entangled polarization photonic qubits, we obtain a clear violation of the inequality, excluding a much larger range of measurement dependent local models than would be possible with an adapted Clauser, Horne, Shimony and Holt (CHSH) inequality. It is therefore shown that the Measurement Independence assumption can be widely relaxed while still demonstrating quantum nonlocality

Framing descriptive norms as self-benefit versus environmental benefit : self-construal’s moderating impact in promoting smart energy devices

Recently, awareness has been raised concerning the importance of sustainable energy use. Nevertheless, many obstacles must be overcome to change individuals’ energy consumption habits. This study examines how a message should be framed to convince individuals to purchase a smart energy device that provides feedback on household energy use. As such, this device can assist households in adjusting their energy-wasting habits. Through two experimental studies, this paper examines how a descriptive normative message, indicating that the majority of US households have already purchased a smart energy device, can increase individuals’ intention to purchase the device. Both studies consider the moderating influence of the self-construal, which refers to individuals’ consideration of themselves as either part of a group (interdependent self-construal) or independent from others (independent self-construal). The first study (n = 231) reveals that a descriptive norm (versus no norm) leads to a higher purchase intention through an enhanced normative influence regardless of participants’ self-construal. The second study (n = 128) adds to the finding that combining a descriptive norm with a self-benefit (versus environmental) frame more strongly impacts the purchase intent of individuals with a dominant independence. No significant differences are identified between the two benefit frames’ effectiveness among individuals with a dominant interdependence

An unconditional experimental test of Nonclassicality

We theoretically introduce and experimentally demonstrate the realization of a nonclassicality test that allows for arbitrarily low detection efficiency without invoking any extra assumptions as independence of the devices. Our test and its implementation is set in a prepare-and-measure scenario with an upper limit on the communication capacity of the channel through which the systems are communicated. The essence for our novel test is the use of two preparation and two measurement devices, which are randomly paired in each round. Our work opens up the possibility of experimental realizations of device independent protocols with current off-the-shelf technology