9,779 research outputs found

    An Environmental-Economic Measure of Sustainable Development

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    A central issue in the study of sustainable development is the interplay of growth and sacrifice in a dynamic economy. This paper investigates the relationship among current consumption, growth, and sustained consumption in two canonical, stylized economies and in a more general context. It is found that the maximin value measures what is sustainable and provides the limit to growth. Maximin value is interpreted as an environmental-economic carrying capacity and current consumption or utility as an environmental-economic footprint. The time derivative of maximin value is interpreted as net investment in sustainability improvement. It is called durable savings to distinguish it from genuine savings, usually computed with discounted utilitarian prices.sustained development, growth, maximin, sustainability indicator

    Supply Management and Price Ceilings on Production Quota Values: Future or Folly?

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    This paper examines and contrasts two policies instituted by the Dairy Farmers of Ontario (DFO) in reaction to the escalation of production quota values on the provincial quota exchange, which regulates the transfer of dairy production quota among producers in the province of Ontario.Supply Management, DFO, Production Quota, Provincial Quota Exchange, Price ceiling, Progressive Transfer Assessment, Agricultural and Food Policy, Livestock Production/Industries, Production Economics,

    Lower-hybrid waves generated by anomalous Doppler resonance in auroral plasmas

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    This paper describes sonic aspects of lower-hybrid wave activity in space plasmas. Lower-hybrid waves are particularly important since they can transfer energy efficiently between electrons and ions in a collisionless magnetized plasma. We consider the 'fan' or anomalous Doppler resonance instability driven by energetic electron tails and show that it is responsible for the generation of lower-hybrid waves. We also demonstrate that observations of their intensity are sufficient to drive the modulational instability.Peer reviewe

    Adolf Reinach: An Intellectual Biography

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    The essay provides an account of the development of Reinach’s philosophy of “Sachverhalte” (states of affairs) and on problems in the philosophy of law, leading up to his discovery of the theory of speech acts in 1913. Reinach’s relations to Edmund Husserl and to the Munich phenomenologists are also dealt with

    La recherche de rentes en situation d’incertitude avec ou sans opposition

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    Les caractéristiques d’équilibre d’un modèle stochastique de la recherche de rentes sont rapportées et discutées. La proposition que les coûts sociaux de la recherche de rentes par des individus riscophobes sont inférieurs au total des rentes est d’abord confirmée. Le modèle de recherche de rentes avec rentes endogènes est ensuite élargi pour y inclure une opposition, créée par ceux que le processus désavantage. Diverses prédictions trouvées dans cette littérature sont qualifiées, incluant (1) la relation entre le total des efforts, le total des rentes et le total des pertes sociales, (2) l’impact d’une augmentation du total des rentes possibles sur l’effort de l’opposition, et (3) l’apparence de « désintérêt de la déréglementation ». Un aspect important de cette analyse est l’ambiguïté de plusieurs effets. Cette ambiguïté fournit une explication possible au fait que la théorie de la recherche de rentes n’a, jusqu’à date, fourni aucune prédiction définitive au sujet des caractéristiques de l’équilibre.In this paper a stochastic model of rent-seeking equilibrium is examined. It is confirmed that social costs of rent seeking by risk-averse individuals are lower than the total of rents. Also, rent seeking harms other groups in society, and opposition by these groups is explicitly introduced into the analysis. Light is shed on some of the important questions of the theory of rent seeking, including (1) the relationship of total expenditures, total rents and total deadweight losses, (2) the response of opposition efforts to increases in total possible rents and (3) an apparent "disinterest in deregulation." One of the salient features of the analysis, however, is the ambiguity of several effects. This ambiguity may help to explain why the intuitively appealing notion of rent seeking has not provided definitive predictions of the characteristics of equilibrium

    Supply Management and Price Ceilings on Production Quota Values: Future or Folly?

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    Since the inception of supply management in Canada during the 1970s, milk production quota has been used to regulate output and participation in the dairy industry. In recent years, milk quota values have increased dramatically, almost tripling in value since the mid-1980s. This led to the Dairy Farmers of Ontario intervening on the milk production quota exchange on two occasions: first, in November 2006 with a progressive transfer assessment and then in July 2009, replacing the former policy with a firm price ceiling – fixing the unit price of quota at $25,000. These policies represent a significant redistribution of economic benefits within the Ontario dairy community from milk producers approaching retirement and selling their quota to those remaining in the industry. The objective of this study is to first explore the reasons for the increase in production quota values; and second, to assess the welfare and distributional effects of each of the two quota policy schemes. Our results suggest that the increase in quota values were driven by basic economic factors expected to influence asset values and that the efficiency losses from intervention in the quota exchange are non-trivial. We conclude by suggesting there are several alternative policy options that could minimize efficiency losses while moderating the escalation in quota values.milk, quota, policy, risk, supply, management, Agricultural and Food Policy, International Relations/Trade, Political Economy,

    La recherche de rentes en situation d’incertitude avec ou sans opposition

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    In this paper a stochastic model of rent-seeking equilibrium is examined. It is confirmed that social costs of rent seeking by risk-averse individuals are lower than the total of rents. Also, rent seeking harms other groups in society, and opposition by these groups is explicitly introduced into the analysis. Light is shed on some of the important questions of the theory of rent seeking, including (1) the relationship of total expenditures, total rents and total deadweight losses, (2) the response of opposition efforts to increases in total possible rents and (3) an apparent "disinterest in deregulation." One of the salient features of the analysis, however, is the ambiguity of several effects. This ambiguity may help to explain why the intuitively appealing notion of rent seeking has not provided definitive predictions of the characteristics of equilibrium. Les caractéristiques d’équilibre d’un modèle stochastique de la recherche de rentes sont rapportées et discutées. La proposition que les coûts sociaux de la recherche de rentes par des individus riscophobes sont inférieurs au total des rentes est d’abord confirmée. Le modèle de recherche de rentes avec rentes endogènes est ensuite élargi pour y inclure une opposition, créée par ceux que le processus désavantage. Diverses prédictions trouvées dans cette littérature sont qualifiées, incluant (1) la relation entre le total des efforts, le total des rentes et le total des pertes sociales, (2) l’impact d’une augmentation du total des rentes possibles sur l’effort de l’opposition, et (3) l’apparence de « désintérêt de la déréglementation ». Un aspect important de cette analyse est l’ambiguïté de plusieurs effets. Cette ambiguïté fournit une explication possible au fait que la théorie de la recherche de rentes n’a, jusqu’à date, fourni aucune prédiction définitive au sujet des caractéristiques de l’équilibre.
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