Manual on prototyping methodology and multifunctional crop rotation

This VEGINECO manual is one of a series of publications resulting from the VEGINECO project. VEGINECO specialises in producing tested and improved multi-objective farming methods for key farming practices – e.g. crop rotation, fertilisation and crop protection – to facilitate the integration of potentially conflicting objectives like economy and ecology. This report consists of two parts. The first part describes the prototyping methodology and how it was used in the VEGINECO project (Chapters 2 - 5). The second part describes the methodology for developing crop rotation strategies with examples of its application under different conditions in Europe (Chapter 6 - 11)

License auctions when winning bids are financed through debt

We study an auction where two licenses to operate on a new market are sold. Winners finance their bids on a competitive debt market. Due to limited liability, the amount of debt affects their behavior on the product market. In equilibrium, consumer prices are lower than with a beauty contest, where firms obtain their licenses for free. Winning bids are lower than in a model where firms have internal funds. Higher bids cannot be financed due to credit rationing. Expected net firm profits are strictly positive, although firms are a priori identical and have the same information.

Asymmetric Mach-Zehnder fiber interferometer test of the anisotropy of the speed of light

Two optical fiber Mach-Zehnder interferometers were constructed in an environment with a temperature stabilization of better than 1 mK per day. One interferometer with a length of 2 m optical fiber in each arm with the main direction of the arms parallel to each other. A path (length 175 mm) filled with atmospheric air is inserted in one arm. Another interferometer with a length of 2 m optical fiber in each parallel arm acts as a control. In each arm 1 m of fiber was wound around a ring made of piezo material enabling the control of the length of the arms by means of a voltage. The influence of rotation of the interferometers at the Earth surface on the observed phase differences was determined. For one interferometer (with the air path) it was found that the phase difference depends on the azimuth of the interferometer. For the other one no relevant dependence on the azimuth has been measured.Comment: 6 pages, 6 figure

Advertising for attention in a consumer search model

We model the idea that when consumers search for products, they first visit the firm whose advertising is more salient. The gains a firm derives from being visited early increase in search costs, so equilibrium advertising increases as search costs rise. This may result in lower firm profits when search costs increase. We extend the basic model by allowing for firm heterogeneity in advertising costs. Firms whose advertising is more salient and therefore raise attention more easily charge lower prices in equilibrium and obtain higher profits. As advertising cost asymmetries increase, aggregate profits increase, advertising falls and welfare increases.Advertising; attention; consumer search; saliency;

Estimating Extreme Bivariate Quantile Regions

AMS 2000 subject classifications. Primary 62G32, 62G05; secondary 60G70, 60F05.

Political Regime Change, Economic Reform and Growth Accelerations

Using an improved definition and indicator of growth accelerations, we examine whether political regimes, regime changes, and economic reform are related to growth accelerations. Our results show that economic growth accelerations are preceded by economic reforms. Furthermore, we find that growth accelerations are more likely to happen after the start of a new political regime.economic growth, growth accelerations, regime changes, economic reform

Exact Markovian kinetic equation for a quantum Brownian oscillator

We derive an exact Markovian kinetic equation for an oscillator linearly coupled to a heat bath, describing quantum Brownian motion. Our work is based on the subdynamics formulation developed by Prigogine and collaborators. The space of distribution functions is decomposed into independent subspaces that remain invariant under Liouville dynamics. For integrable systems in Poincar\'e's sense the invariant subspaces follow the dynamics of uncoupled, renormalized particles. In contrast for non-integrable systems, the invariant subspaces follow a dynamics with broken-time symmetry, involving generalized functions. This result indicates that irreversibility and stochasticity are exact properties of dynamics in generalized function spaces. We comment on the relation between our Markovian kinetic equation and the Hu-Paz-Zhang equation.Comment: A few typos in the published version are correcte

Harmful monitoring

Abstract We show that there may be circumstances in which a principal prefers not to observe the project choice of an agent that acts on her behalf. The ability of the agent is private information. Projects differ with respect to the amount of risk. If the principal can observe the project choice of the agent, the latter will use that choice as a signal. In the separating equilibrium, an agent with high ability then chooses a project that is too risky. If more difficult projects require more effort, there are two opposite effects. The shirking effect implies that the agent chooses a project that is too safe. The signaling effect implies that he chooses a project that is too risky. The net effect is ambiguous. We also discuss the implications of our model for promotion policies.

The Commitment Effect of Choosing the Same Bank

In a model where firms use external funds to finance R&D investments, we show that they may prefer to borrow from the same bank, rather than going to competing banks. A monopolist bank will capture more of firms' operating profits. But, these profits will also be higher, since having the same bank serves as a commitment device not to spend too much on R&D. In our model, the latter effect dominates.