Industry concentration and strategic trade policy in successive oligopoly

We study a policy game between exporting and importing countries in vertically linked industries. In a successive international Cournot oligopoly, we analyse incentives for using tax instruments strategically to shift rents vertically, between exporting and importing countries, and horizontally, between exporting countries. We show that the equilibrium outcome depends crucially on the relative degree of competitiveness in the upstream and downstream parts of the industry. With respect to national welfare, a more competitive upstream industry may benefit an exporting (upstream) country and harm an importing (downstream) country. On the other hand, a more competitive downstream industry may harm exporting countries.Financial support from the Norwegian Research Council, through the PETROPOL research programme, is gratefully acknowledged. The paper has been greatly improved by the suggestions of two anonymous referees. We also thank Hisashi Hokari and Frode Meland for valuable comments and suggestions

Risk profiles and one-year outcomes of patients with newly diagnosed atrial fibrillation in India: Insights from the GARFIELD-AF Registry.

BACKGROUND: The Global Anticoagulant Registry in the FIELD-Atrial Fibrillation (GARFIELD-AF) is an ongoing prospective noninterventional registry, which is providing important information on the baseline characteristics, treatment patterns, and 1-year outcomes in patients with newly diagnosed non-valvular atrial fibrillation (NVAF). This report describes data from Indian patients recruited in this registry. METHODS AND RESULTS: A total of 52,014 patients with newly diagnosed AF were enrolled globally; of these, 1388 patients were recruited from 26 sites within India (2012-2016). In India, the mean age was 65.8 years at diagnosis of NVAF. Hypertension was the most prevalent risk factor for AF, present in 68.5% of patients from India and in 76.3% of patients globally (P < 0.001). Diabetes and coronary artery disease (CAD) were prevalent in 36.2% and 28.1% of patients as compared with global prevalence of 22.2% and 21.6%, respectively (P < 0.001 for both). Antiplatelet therapy was the most common antithrombotic treatment in India. With increasing stroke risk, however, patients were more likely to receive oral anticoagulant therapy [mainly vitamin K antagonist (VKA)], but average international normalized ratio (INR) was lower among Indian patients [median INR value 1.6 (interquartile range {IQR}: 1.3-2.3) versus 2.3 (IQR 1.8-2.8) (P < 0.001)]. Compared with other countries, patients from India had markedly higher rates of all-cause mortality [7.68 per 100 person-years (95% confidence interval 6.32-9.35) vs 4.34 (4.16-4.53), P < 0.0001], while rates of stroke/systemic embolism and major bleeding were lower after 1 year of follow-up. CONCLUSION: Compared to previously published registries from India, the GARFIELD-AF registry describes clinical profiles and outcomes in Indian patients with AF of a different etiology. The registry data show that compared to the rest of the world, Indian AF patients are younger in age and have more diabetes and CAD. Patients with a higher stroke risk are more likely to receive anticoagulation therapy with VKA but are underdosed compared with the global average in the GARFIELD-AF. CLINICAL TRIAL REGISTRATION-URL: http://www.clinicaltrials.gov. Unique identifier: NCT01090362

Associations Between Marital Discord and Depressive Symptoms: A Cross-Cultural Analysis

The objectives of this study were to investigate actor and partner effects of the association between marital discord and depressive symptoms in a cross-cultural sample of 4,779 couples from 11 European countries that were divided into 3 groups (i.e., Northern, Central, Southern Europe), and evaluate the potential gender and cross-cultural invariance of this association. Actor-partner interdependence models were used to analyze the cross-sectional associations between self-reported perceived marital conflict and depressive symptoms. Marital conflict was significantly and positively associated with self-reported depressive symptoms for husbands and wives (actor effects), as well as with partner-reported depressive symptoms (partner effects). Pooling across cultural groups, no significant difference in the magnitude of actor or partner effects based on gender were found. The magnitude of the positive actor association varied across cultural groupings only for women: a significantly weaker association existed for women residing in North Europe relative to women in Central or Southern Europe. These results suggest that marital discord is a reliable correlate of depressive symptoms for European couples, and that the magnitude of the positive association varies by culture for women. Should these results be replicated longitudinally, couple-based interventions may be indicated to reduce marital discord and prevent and treat depression for discordant couples in Europe

Vertical Ownership, Program Network Carriage, and Tier Positioning in Cable Television: An Empirical Study

Vertical integration, Cable television, Program carriage, Program positioning,

Anomalous fluctuations in the dynamics of complex systems: from DNA and physiology to econophysics

We discuss examples of complex systems composed of many interacting subsystems. We focus on those systems displaying nontrivial long-range correlations. These include the one-dimensional sequence of base pairs in DNA, the sequence of flight times of the large seabird Wandering Albatross, and the annual fluctuations in the growth rate of business firms. We review formal analogies in the models that describe the observed long-range correlations, and conclude by discussing the possibility that behavior of large numbers of humans (as measured, e.g., by economic indices) might conform to analogs of the scaling laws that have proved useful in describing systems composed of large numbers of inanimate objects

Successive Oligopolies, Vertical Downstream Integration and Foreclosure

Vertically integrated firms have repeatedly been accused of abusing a dominant position by refusing to sell the intermediate product to non-integrated downstream producers and thus to practice foreclosure. To evaluate the merit of such an accusation requires an adequate theory of vertical integration which allows to decide whether a refusal to sell follows straightforwardly from profit maximization or is driven by an intent to monopolize. We investigate whether in the case of successive oligopolies vertical integration is profitable for the participating firms and to what extent cross deliveries between integrated and non-integrated firms can be expected to arise. By contrast to the previous literature where at the downstream level Cournot competition has been assumed to prevail between integrated firms and non-integrated downstream producers, we propose a model where integrated firms and non-integrated upstream suppliers meet in Cournot competition and take as given the inverse demand function for both the final and the intermediate product. Game theory is invoked to examine whether an integrated firm will participate in the intermediate market. If marginal costs at the downstream level are constant and identical as between integrated and non-integrated firms, integrated firms will never wish to sell to non-integrated downstream producers they can, however, be expected to buy from non-integrated upstream suppliers. Utilizing theoretical implications regarding pass through of changes in marginal costs we find empirical evidence supporting the applicability of our model to the gasoline industry in Germany. We finally examine to what extent issues of competition policy and public regulation arise. Copyright Springer Science + Business Media, Inc. 2005Oligopoly, vertical integration, foreclosure,

Doses de boro no desenvolvimento de copo-de-leite em solução nutritiva Boron doses in the development of calla lily in nutrient solution

O boro desempenha funções importantes em processos biológicos das plantas, como a síntese e estruturação da parede celular, lignificação, metabolismo e transporte de carboidratos, além de participar da divisão e diferenciação celular em tecidos meristemáticos. No entanto, as necessidades nutricionais para o cultivo de copo-de-leite, especialmente de boro, ainda são pouco conhecidas. Assim, objetivou-se avaliar os efeitos de diferentes doses de boro no crescimento e desenvolvimento, teor e acúmulo desse nutriente em plantas de copo-de-leite cultivadas em solução nutritiva. Mudas micropropagadas foram submetidas aos tratamentos com as doses de 0,05; 0,25; 0,50; 0,75; 1,00 e 2,00 mg L-1 de boro em solução nutritiva de Hoagland & Arnon diluída a 30% de sua força iônica. O delineamento experimental foi o inteiramente casualizado, com dez repetições. As plantas não manifestaram sintomas visuais de deficiência ou de toxidez de boro, no entanto, o sistema radicular das plantas cultivadas na dose de 0,05 mg L-1 de boro apresentou-se com o crescimento reduzido. A melhor dose para o desenvolvimento adequado de plantas de copo-de-leite em solução nutritiva é de 1,20 mg L-1 de boro.<br>Boron has essential functions in plant biological processes such as cell wall synthesis and structuralization, lignification, carbohydrates metabolism and transport. This element also acts in cell division and differentiation in meristematic tissues. However, the nutritional needs for calla lily cultivation, and especially boron needs, are still poorly known. Thus, the objective of this work was to evaluate the effects of different boron doses on growth and development, content and accumulation of boron in calla lily plants grown in a nutrient solution. Micropropagated seedlings were submitted to treatments with the doses 0.05; 0.25; 0.50; 0.75; 1.00 and 2.00 mg L-1 boron in Hoagland & Arnon nutrient solution diluted to 30% of its ionic force. The experimental design used was completely randomized blocks with ten replicates. Plants showed no visual deficiency or toxicity symptoms, however, the root system of plants cultivated in 0.05 mg L-1 boron showed reduced growth. The best development of calla lily plants was observed in 1.20 mg L-1 boron in nutrient solution

Economics at the FTC: Pharmaceutical Patent Dispute Settlements and Behavioral Economics

Antitrust, Behavioral economics, Consumer protection, FTC, Patents, Pharmaceuticals,