Improving Financial Inclusion through the Delivery of Cash Transfer Programmes: The Case of Mexico’s Progresa-Oportunidades-Prospera Programme

This paper follows a quasi-experimental research design to assess the impact of the electronic payment system of Mexico’s Progresa-Oportunidades-Prospera (POP) programme. The switch from cash payments to electronic payments delivered via savings accounts is found to have medium-term effects on savings decisions, transaction costs, and coping strategies. Overall, the study finds that, following the intervention, a substitution effect emerged between saving portfolio choices, with the poor favouring bank accounts over informal saving arrangements. It also found that the Oportunidades savings account led to an increase in remittance reception, which in turn had important implications for household consumption smoothing and risk management decisions. The study also reveals impact heterogeneity depending on household composition and the rural-urban divide, with important implications for replicability of similar policy innovations in other countrie

PURCHASING AND INVENTORY MANAGEMENT IN SCENCE-BASED INDUSTRIES

Inventory Management has been widely discussed in the literature. Recently, the so called "Just in Timeâ method received extensive publicity and was claimed to be one of the major factors of the Japanese industrial success. This, in turn, promoted a large campaign in the rest of the industrialized world, to adopt and imitate the "Just in Timeâ (JIT) policy. Corporate and plant managers focused attention and set up goals as to reach as closely as possible the Japanese inventory levels. Quite often, adoption of JIT disregarded the totally different nature of the business their companies engaged in, relative to Japanese industry. This paper clarifies the differences between two different industrial models: The "Assembly Linesâ model versus the Hi-Tech Job Shop "Science Basedâ model and prescribes the inventory strategy appropriate for each of those models. It is shown that a fully automated Assembly Line type factory requires a âJust in Timeâ (minimal holding costs) inventory strategy, while the Science Based type should follow a more elaborate âoptimal Penaltyâ type of policy.Information Systems Working Papers Serie

Bohmian Mechanics and Quantum Field Theory

We discuss a recently proposed extension of Bohmian mechanics to quantum field theory. For more or less any regularized quantum field theory there is a corresponding theory of particle motion, which in particular ascribes trajectories to the electrons or whatever sort of particles the quantum field theory is about. Corresponding to the nonconservation of the particle number operator in the quantum field theory, the theory describes explicit creation and annihilation events: the world lines for the particles can begin and end.Comment: 4 pages, uses RevTeX4, 2 figures; v2: shortened and with minor addition

Trajectories and Particle Creation and Annihilation in Quantum Field Theory

We develop a theory based on Bohmian mechanics in which particle world lines can begin and end. Such a theory provides a realist description of creation and annihilation events and thus a further step towards a "beable-based" formulation of quantum field theory, as opposed to the usual "observable-based" formulation which is plagued by the conceptual difficulties--like the measurement problem--of quantum mechanics.Comment: 11 pages LaTeX, no figures; v2: references added and update

Some applications of indirect calorimetry to sports medicine

Some applications of indirect calorimetry to sports medicine are discussed and exemplified by case reports. In particular, it is suggested that oxigen consumption can be employed to assess the effects of physical activity on fat-free tissues and that the respiratory quotient may offer some insights into the food habits of athletes

I tumori del rene

non presente (capitolo di libro

Universal Probability Distribution for the Wave Function of a Quantum System Entangled with Its Environment

A quantum system (with Hilbert space $\mathscr{H}_1$) entangled with its environment (with Hilbert space $\mathscr{H}_2$) is usually not attributed a wave function but only a reduced density matrix $\rho_1$. Nevertheless, there is a precise way of attributing to it a random wave function $\psi_1$, called its conditional wave function, whose probability distribution $\mu_1$ depends on the entangled wave function $\psi\in\mathscr{H}_1\otimes\mathscr{H}_2$ in the Hilbert space of system and environment together. It also depends on a choice of orthonormal basis of $\mathscr{H}_2$ but in relevant cases, as we show, not very much. We prove several universality (or typicality) results about $\mu_1$, e.g., that if the environment is sufficiently large then for every orthonormal basis of $\mathscr{H}_2$, most entangled states $\psi$ with given reduced density matrix $\rho_1$ are such that $\mu_1$ is close to one of the so-called GAP (Gaussian adjusted projected) measures, $GAP(\rho_1)$. We also show that, for most entangled states $\psi$ from a microcanonical subspace (spanned by the eigenvectors of the Hamiltonian with energies in a narrow interval $[E,E+\delta E]$) and most orthonormal bases of $\mathscr{H}_2$, $\mu_1$ is close to $GAP(\mathrm{tr}_2 \rho_{mc})$ with $\rho_{mc}$ the normalized projection to the microcanonical subspace. In particular, if the coupling between the system and the environment is weak, then $\mu_1$ is close to $GAP(\rho_\beta)$ with $\rho_\beta$ the canonical density matrix on $\mathscr{H}_1$ at inverse temperature $\beta=\beta(E)$. This provides the mathematical justification of our claim in [J. Statist. Phys. 125:1193 (2006), http://arxiv.org/abs/quant-ph/0309021] that $GAP$ measures describe the thermal equilibrium distribution of the wave function.Comment: 27 pages LaTeX, no figures; v2 major revision with simpler proof