2,956 research outputs found

    Outline of a new approach to the nature of mind

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    I propose a new approach to the constitutive problem of psychology ‘what is mind?’ The first section introduces modifications of the received scope, methodology, and evaluation criteria of unified theories of cognition in accordance with the requirements of evolutionary compatibility and of a mature science. The second section outlines the proposed theory. Its first part provides empirically verifiable conditions delineating the class of meaningful neural formations and modifies accordingly the traditional conceptions of meaning, concept and thinking. This analysis is part of a theory of communication in terms of inter-level systems of primitives that proposes the communication-understanding principle as a psychological invariance. It unifies a substantial amount of research by systematizing the notions of meaning, thinking, concept, belief, communication, and understanding and leads to a minimum vocabulary for this core system of mental phenomena. Its second part argues that written human language is the key characteristic of the artificially natural human mind. Overall, the theory both supports Darwin’s continuity hypothesis and proposes that the mental gap is within our own species

    Antitrust-based remedies and dumping in international trade

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    The authors explore the possibility of government's seeking to agree to apply competition policy based considerations and disciplines in addressing unfair-trade allegations before turning to"standard"antidumping remedies. The premise of proponents of antidumping actions is that the existence of market power in exporter's home markets, or potential market dominance in the importing (host) market, is an important source of perceived"unfairness."But antidumping authorities do not investigate the existence of such situations. The authors propose that allegations of dumping first be investigated by competition authorities to determine the contestability of the relevant markets. Their proposal does not involve harmonization of competition laws. All that would change from the status quo is that a necessary condition for an antidumping action is that competition authorities find that the exporting firm's home market is not contestable, and conclude that no remedial action is possible through the application of competition law. Ideally, agreement along these lines would be sought in the multilateral (GATT) context, but bilateral or regional trade agreements could also be concluded. For example, European Union cooperationor association agreements might be extended along the lines proposed.TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT,Economic Theory&Research,Environmental Economics&Policies,Access to Markets,Markets and Market Access

    Benchmark bonds interactions under regime shifts

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    In the present paper we examine interactions among five benchmark ten year government bonds, namely those of the US, Germany, France, Italy and the Netherlands. Our aim is to illustrate empirically a network of interactions existing among the major bond markets of Europe and the US market taking into account shifts in the underlying stochastic processes. For this purpose, and in contrast to the rest of the relevant empirical literature, after specifying the long-run equilibrium relations we estimate the linkages between the bond markets as subject to hidden Markov chains, by applying the Markov Switching Vector Error Correction framework (MS-VECM). This formulation is found to efficiently reflect the shifts brought about by significant economic events, such as the European monetary unification. As a result we illustrate different short-run relations referring to the periods before and after monetary union. Overall, our empirical results indicate that stronger interactions between the markets of the system exist in the period after the EMU. Also, by means of a variance decomposition analysis we assess leader-follower relations which indicate that the benchmark status of bonds has changed since the introduction of the common monetary policy framework in Europe.Financial integration; bond markets; benchmarks; Markov Switching

    Linking competition and trade policies in Central and Eastern European countries

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    The authors explore options for Central and Eastern Europe (CEE) governments to make competition law enforcement more sensitive to trade and investment policy, thereby supporting liberal trade policy. The competition laws of these countries tend to resemble European Union (EU) competition disciplines (Article 85 - 86 of the Treaty of Rome), but give competition authorities great scope for discretion in interpreting the relevant statutes. Much can be done through appropriate wording of criteria and implementation guidelines within the framework of existing legislation to subject trade policy to competition policy scrutiny. A liberal trade policy and active enforcement of competition laws will be crucialnot only for national welfare, but also for eliminating the threat of contingent protection by EU firms. When CEE countries face antidumping threats or action from EU countries, the authors suggest that they seek a link between competition law enforcement and antidumping investigation in the context of the association agreements with the European Union. That is, the European Commission could be asked to apply competition policy criteria in antidumping investigations against products originating in CEE countries, ensuring that there is a threat to competition, not just a threat to a European Union competitor. This treatment could be sought informally during the transitional period. Generally, since the CEE countries have adopted competition legislation comparable to that of the European Union, it seems safe to assume that if they enforce their competition laws vigorously, EU consistent minimum standards will be respected. Until the association agreements are fully implemented, it is important to reduce to a minimum the risk of being treated as an"unfair trader."Safeguard actions will remain possible until EU membership has been attained. But safeguard protection is more difficult to seek and obtain if there is only a weak case for arguing that Central and Easter European firms are benefiting from trade barriers, state aids, or various government maintained entry barriers.Environmental Economics&Policies,Economic Theory&Research,ICT Policy and Strategies,TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT,Markets and Market Access

    Competition, competition policy, and the GATT

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    The authors argue that further moves to liberalize trade and to implement existing GATT rules and principles may have a greater impact on global competition than would the pursuit of harmonization of competition policy. They also suggest that current GATT rules and case law provide scope for disputes to be brought before the GATT that relate to both the application and the nonapplication of existing domestic competition laws of GATT contracting parties. This leads to de facto discrimination between domestic and foreign products. Little use has been made of the GATT in this connection. Perhaps existing indirect avenues for raising competition-related disputes in the GATT should be pursued more actively. This would help identify what specific government policies might be the subject of multilateral negotiations and explicitly incorporated into the GATT framework.Environmental Economics&Policies,TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOMEAND EXPENSE ACCOUNT,Economic Theory&Research,Access to Markets,Markets and Market Access

    Suppression of backscattered diffraction from sub-wavelength ‘moth-eye’ arrays

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    The eyes and wings of some species of moth are covered with arrays of nanoscale features that dramatically reduce reflection of light. There have been multiple examples where this approach has been adapted for use in antireflection and antiglare technologies with the fabrication of artificial moth-eye surfaces. In this work, the suppression of iridescence caused by the diffraction of light from such artificial regular moth-eye arrays at high angles of incidence is achieved with the use of a new tiled domain design, inspired by the arrangement of features on natural moth-eye surfaces. This bio-mimetic pillar architecture contains high optical rotational symmetry and can achieve high levels of diffraction order power reduction. For example, a tiled design fabricated in silicon and consisting of domains with 9 different orientations of the traditional hexagonal array exhibited a ~96% reduction in the intensity of the ?1 diffraction order. It is suggested natural moth-eye surfaces have evolved a tiled domain structure as it confers efficient antireflection whilst avoiding problems with high angle diffraction. This combination of antireflection and stealth properties increases chances of survival by reducing the risk of the insect being spotted by a predator. Furthermore, the tiled domain design could lead to more effective artificial moth-eye arrays for antiglare and stealth applications
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