747 research outputs found

    Mean Field Renormalization Group for the Boundary Magnetization of Strip Clusters

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    We analyze in some detail a recently proposed transfer matrix mean field approximation which yields the exact critical point for several two dimensional nearest neighbor Ising models. For the square lattice model we show explicitly that this approximation yields not only the exact critical point, but also the exact boundary magnetization of a semi--infinite Ising model, independent of the size of the strips used. Then we develop a new mean field renormalization group strategy based on this approximation and make connections with finite size scaling. Applying our strategy to the quadratic Ising and three--state Potts models we obtain results for the critical exponents which are in excellent agreement with the exact ones. In this way we also clarify some advantages and limitations of the mean field renormalization group approach.Comment: 16 pages (plain TeX) + 8 figures (PostScript, appended), POLFIS-TH.XX/9

    Market Power in Hospital Markets and Selection in Health Insurance Markets

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    In many countries, market mechanisms are used to generate incentives for efficiency in health care markets. However, markets may suffer from market failures, resulting in an inefficient use of resources. A potentially important source of market failure in health care is insufficient competition between health care providers. In that case, health insurers are not able to bargain effectively with providers. Another potential source of market failure is that health insurance markets can by affected by selection problems and information frictions. Adverse selection can induce insurers to offer health plans with the goal to encourage self-selection by healthy individuals. Furthermore, information frictions may hamper optimal consumer choice in health insurance markets. This thesis examines empirically these market failures in the context of the Dutch health care system. It focuses on (i) market power in the provider market and (ii) selection and inertia in the insurance market

    The Dick Pope Sr. Institute for Tourism Studies, Marketing Flyer

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    This pamphlet describes mission and services of the Dick Pope Sr. Institute for Tourism Studies

    Tourism Specialization and Economic Output in Small Islands

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    Purpose– This study aims to investigate growth differentials among small islands and the impact of tourism specialization on the growth and the economic performance of small islands. Design/methodology/approach– The study is based on trade theory and uses data from a panel of small islands for 1995-2007. It applies panel regression and standard time series methods combined with a qualitative approach. Findings– Small islands experienced stronger basic patterns of growth than many developed countries, especially where economies of scale are not an issue. The findings further suggest that tourism specialization is not harmful to growth, and, in lieu of technological gaps and resource limitations, tourism specialization is a sound option. Size, a lack of complete sovereignty or independence and export orientation do not seem to affect the variance in the real per capita GDP at a greater degree. Finally, small islands may leverage returns to scale in global markets. Research limitations/ implications– While tourism specialization is assumed to enhance growth, in the case of small island destinations, the study did not formally test whether increased terms-of-trade may be perpetually improved. Practical implications– The study prompted four policy suggestions: small island economies should engage in tourism specialization; small island economies should allocate more resources to the tourism industry than other economic sectors; the success of tourism specialization does not depend exclusively on comparative advantage; and institutional realities and path dependence may play a role in economic performance. Originality/value– The originality of this study lies in the detection of a paradox in mainstream economics that indicates that small islands may not enjoy sustained economic growth. The detection led to a surprising discovery that tourism specialization may propel growth. The value of the study is twofold: theoretical value is added by suggesting a reconceptualization of the construct capital; and, practical value is strengthened in the sense that tourism specialization may only work under a condition where upon tourism offerings command higher prices than other commodities

    Forecasting Tourist Arrivals Using Origin Country Macroeconomics

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    This study utilizes both disaggregated data and macroeconomic indicators in order to examine the importance of the macroeconomic environment of origin countries for analysing destinations’ tourist arrivals. In particular, it is the first study to present strong empirical evidence that both of these features in tandem provide statistically significant information of tourist arrivals in Greece. The forecasting exercises presented in our analysis show that macroeconomic indicators conducive to better forecasts are mainly origin country-specific, thus highlighting the importance of considering the apparent sharp national contrasts among origin countries when investigating domestic tourist arrivals. Given the extent of the dependency of the Greek economy on tourism income, but also, given the perishable nature of the tourist product itself, results have important implications for policy makers in Greece
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