56,480 research outputs found

    The Cathedral and the bazaar: (de)centralising certitude in river basin management

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    Distortions in Factor Markets and Structural Adjustments in the Economy

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    In this paper, we carry out qualitative and quantitative analyses of impacts of factor market distortions on Japan's economic stagnation in the 1990s, thereby showing that resolution of structural impediments is essential for the restoration of sustained economic growth. Distortions in factor markets lead the economy to exhibit inefficient resource allocations, resulting in an inward shift of the nations production possibility frontier and a decline in its attainable output. Our estimation results reveal that the deterioration of distortions in factor markets is attributable to 0.5 percent of the decline in GDP growth (-3.6 percent) after the bursting of the asset price bubble. This confirms that the exacerbation of structural impediments in factor markets is one of the major causes of the prolonged economic stagnation after the bursting of the asset price bubble. Moreover, given that autonomous resolution of factor market distortions through the market mechanism is hardly expected, it is important to take measures to achieve a more efficient allocation of productive resources. Without such measures, monetary and fiscal policies cannot return the economy to a sustainable growth path.

    Toward the Integration of Economics and Outdoor Recreation Management

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    The general theme of this bulletin is that improved management of public-sector recreational resources is a multidisciplinary task. To this end, we attempt to integrate elements of outdoor recreation management theory and economics. The bulletin is written for both resource managers and researchers. For the former, our intent is to emphasize the importance of being aware of economic implications-at least conceptually-of management actions that influence the character and availability of recreational opportunities. To researchers involved in developing recreation management theory, we draw attention to the parallel between recreation management theory and the traditional managerial economic model of the firm. To economists, particularly those involved in developing and applying nonmarket valuation techniques, we draw attention to the types of decisions faced by resource managers. We argue that the most important resource allocation issues are of the incremental variety, so nonmarket valuation should also yield incremental values. These values alone, however, are not sufficient economic input into rational public choice analysis. The missing link , or nexus, between outdoor recreation management theory and economic analysis is the integration of supply and demand, as called for by traditional managerial economics. Collaborative research to develop recreation supply response functions akin to agricultural production functions is an essential step that is missing from both literatures. Theoretical and applied work assume greater practical importance if they feed information into this broadened framework. It is our hope that this bulletin will bring the disciplines closer to that realization

    Fuel subsidies versus market power : is there a countervailing second-best optimum?

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    Fuel subsidies distort end-use prices below cost, resulting in overconsumption and huge environmental cost. On the other hand, the mark-up over cost due to the exercise of market power results in the social loss of consumer surplus. We open a new line of inquiry into the potential for a market-based solution from these two countervailing forces: can the two offsetting distortions conceivably achieve a second- best optimum? Relying on dynamic panel techniques and gasoline market data for 68 developing countries, we uncover an excessive second-best subsidy offset to market power mark-up on the order of 4.5. Our results indicate that the potential for policy failure strongly exceeds the potential for market failure in our model, and gasoline prices across our sample may not be aligned with vigorous anti-climate change policy

    Performance-oriented Cloud Provisioning: Taxonomy and Survey

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    Cloud computing is being viewed as the technology of today and the future. Through this paradigm, the customers gain access to shared computing resources located in remote data centers that are hosted by cloud providers (CP). This technology allows for provisioning of various resources such as virtual machines (VM), physical machines, processors, memory, network, storage and software as per the needs of customers. Application providers (AP), who are customers of the CP, deploy applications on the cloud infrastructure and then these applications are used by the end-users. To meet the fluctuating application workload demands, dynamic provisioning is essential and this article provides a detailed literature survey of dynamic provisioning within cloud systems with focus on application performance. The well-known types of provisioning and the associated problems are clearly and pictorially explained and the provisioning terminology is clarified. A very detailed and general cloud provisioning classification is presented, which views provisioning from different perspectives, aiding in understanding the process inside-out. Cloud dynamic provisioning is explained by considering resources, stakeholders, techniques, technologies, algorithms, problems, goals and more.Comment: 14 pages, 3 figures, 3 table

    A THEORETICAL FRAMEWORK FOR VIEWING POLLUTION PROBLEMS

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    Environmental Economics and Policy,

    Irrigation system performance assessment and diagnosis

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    Performance evaluation / Irrigation programs / Irrigation management / Irrigation systems / Case studies / Hydraulics / Management / Environmental effects / Asia / Africa / South America

    Responding to water scarcity – beyond the volumetric

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