INNOVATION AND REGULATION IN THE PESTICIDE INDUSTRY

This paper examines the impact of pesticide regulation on the number of new pesticide registrations and pesticide toxicity. Results suggest that regulation adversely affects new pesticide introductions but encourages the development of pesticides with fewer toxic side effects. The estimated regression model implies that a 10% increase in regulatory costs (about $1.5 million per pesticide) causes a 5% reduction in the number of pesticides with higher toxicity.Agribusiness,

Snowboard, Ski, and Skateboard Sensor System Application

The goal of this project was develop a sensor for the commercial market for skiers, snowboarders, and skateboarders that can give them the data such as speed, elevation, pressure, temperature, flex, acceleration, position, and other performance data such as trick characterization. This was done by using a variety of sensors, including a GPS, flex sensors, accelerometer, and others to provide data such as speed, position, position, and temperature. The sensors were placed in an external polycarbonate casing attached to the ski or board by using an adhesive pad on the bottom of the casing. These sensors then transmit the data via a microcontroller to either an LCD screen displaying a simple application or a memory system. The user can then access and analyze this data using Matlab code to interpret its relevancy. Using this system, performance data was recorded to analyze tricks such as spins and jumps

Measurements incompatible in Quantum Theory cannot be measured jointly in any other local theory

It is well known that jointly measurable observables cannot lead to a violation of any Bell inequality - independent of the state and the measurements chosen at the other site. In this letter we prove the converse: every pair of incompatible quantum observables enables the violation of a Bell inequality and therefore must remain incompatible within any other no-signaling theory. While in the case of von Neumann measurements it is sufficient to use the same pair of observables at both sites, general measurements can require different choices. The main result is obtained by showing that for arbitrary dimension the CHSH inequality provides the Lagrangian dual of the characterization of joint measurability. This leads to a simple criterion for joint measurability beyond the known qubit case.Comment: 4 page

Is the debt crisis history? Recent private capital inflows to developing countries

The outlook for economic development for an important group of middle-income countries has again been buoyed by substantial private capital inflows in the 1990s. As in the 1970s, this development has been met with cautious optimism. It is generally accepted that these countries need resource transfers from the rest of the world to support capital formation and growth. It is also generally accepted that these private capital flows make the allocation of resources more efficient. But there is concern that a rapid reversal of market sentiment could impose considerable adjustment costs on these same economies. The authors try to quantify what many consider to be the main reasons debtor countries have access to capital markets again: (a) Domestic policy reform in the debtor countries. (b) Debt and debt service reduction, usually associated with Brady Plan restructuring. (c) Changes in the external market, such as changes in interest rates in industrial countries. They argue that a useful barometer for access to new loans is the market value of existing sovereign debt. It follows that a quantitative analysis of the factors that caused the market value of sovereign debts to rise rapidly after 1989 would also improve understanding of the forces behind the renewed access to international capital. Empirical historical evidence suggests that fiscal reform, privatization, and debt reduction are useful in explaining relative improvements in the standing of debtor countries in international credit markets. Debtor countries with strong reform programs, in other words, are better prepared to withstand deterioration in the external environment. But the reduction in dollar interest rates since 1989 appears to be the chief factor in the debtor countries'renewed access to international loans. The authors estimate the effect of increases in dollar interest rates and conclude that the typical debtor country remains vulnerable to increases in interest rates that are well within the range of recent experience.Economic Theory&Research,Environmental Economics&Policies,Banks&Banking Reform,Strategic Debt Management,Financial Intermediation

Understanding the macroeconomic effects of working capital in the United Kingdom

In this paper we first document the behaviour of working capital over the business cycle stressing the large negative effect of the recent credit contraction on UK firms working capital positions. In order to understand the effects of working capital on macroeconomic variables, we solve and calibrate an otherwise standard flexibleprice DSGE model that introduces an explicit role for the components of working capital as well as a banking sector which intermediates credit. We find that financial intermediation shocks, similar to those experienced post-2007, have persistent negative effects on economic activity ; these effects are reinforced by reductions in trade credit. Our model admits a crucial role for monetary policy to offset such shocks. Key words: Working capital ; business cycle model ; spreads ; financial crisis. JEL classification: E20 ; E51 ; E52

Recent Private Capital Inflows to Developing Countries: Is the Debt Crisis History?

This empirical study finds that while debt reduction and policy reforms in debtor countries have been important determinants of renewed access to international capital markets, changes in international interest rates have been the dominant factor. We calculate the effects of changes in international interest rates for a 'typical' debtor country. We conclude that increases in interest rates associated with business cycle upturn in industrial countries could depress the secondary market prices of existing debt to levels inconsistent with continued capital inflows.

Application Design and Engagement Strategy of a Game with a Purpose for Climate Change Awareness

The Climate Challenge is an online application in the tradition of games with a purpose that combines practical steps to reduce carbon footprint with predictive tasks to estimate future climate-related conditions. As part of the Collective Awareness Platform, the application aims to increase environmental literacy and motivate users to adopt more sustainable lifestyles. It has been deployed in conjunction with the Media Watch on Climate Change, a publicly available knowledge aggregator and visual analytics system for exploring environmental content from multiple online sources. This paper presents the motivation and goals of the Climate Challenge from an interdisciplinary perspective, outlines the application design including the types of tasks built into the application, discusses incentive mechanisms, and analyses the pursued user engagement strategies