159 research outputs found

    Pests, plagues, and patents

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    The paper investigates the interaction between dynamic forms of incentive mechanisms (patent systems) and dynamic forms of problems (adaptations of pests and pathogens). Since biological problems recur, the design of the incentive mechanism must take into consideration: a) the need for investments into R&D that take into account the impermanence of the solution concepts; and b) the impact of this impermanence on the anticipated lifespan of any patent awarded for an innovation. The results indicate that patent systems must be carefully tailored to the nature of the problem under consideration

    The development impact of genetic use restriction technologies: a forecast based on the hybrid crop experience

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    Advances in biotechnology have made available gene-manipulation techniques that enable the protection of genetic material from unauthorized use and the prevention of self-supply of commercial seeds by farmers—in order to allow enhanced appropriation of the values of innovation in agricultural R&D. These techniques have become known as Genetic Use Restriction Technologies (GURTs). This paper forecasts the potential impact of wide-spread adoption of GURTs by the providers of HYV seeds on the yield development in developing countries. To do so, it assesses (1) the effects of enhanced appropriation through GURTs on the technological expansion at the yield frontier and (2) the effects of technological protection of value-adding traits through GURTS on the diffusion of yield gains from the frontier to developing countries. These assessments are based on a particular hypothesis, which is that GURTs will replicate across most staple crops the experiences that were made with a previous use restriction technology (hybridization) in only a few crops. The estimation of impacts is carried out as a simulation and is based on expansion and diffusion parameters estimated for hybrid seeds over a 38-year period. It shows that the impact of GURTs on developing countries' yields will vary considerably. Specifically, those countries that currently have the lowest yields would be most adversely affected in their future yield development by the wide-spread use of GURTs

    Climate change mitigation in aging societies: Motivational and cognitive aspects

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    The success of mitigating climate change depends on actions taken within the upcoming four decades. In Western societies, this timeframe coincides with a demographic shift increasing the age of the median voter and decision maker. The willingness to contribute to climate change mitigation may decrease with age since the benefi ts may lie beyond the life span whereas the costs are immediate. In several experimental studies, we investigate cognitive limitations and motivational factors in relation to climate change mitigation. In a fi rst set of studies subjects are given the chance to invest up to 10€ into the reduction of CO2 via the EU ETS. Contrary to theoretical considerations, we fi nd evidence for a strong and positive effect of age. Furthermore we show that social cues can be used to in uence contributions. Moreover we demonstrate that independent of age most subjects are able to understand complex stock flow problems if the mode of presentation is adequate. System thinking ability is not firmly linked with a motivation to contribute to climate change mitigation. In a training study we show however that an increase of information about climate change can lead to a reduction of contributions

    Registered Replication Report: Rand, Greene & Nowak (2012)

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    In an anonymous 4-person economic game, participants contributed more money to a common project (i.e., cooperated) when required to decide quickly than when forced to delay their decision (Rand, Greene & Nowak, 2012), a pattern consistent with the “social heuristics” hypothesis proposed by Rand and colleagues. The results of studies using time pressure have been mixed, with some replication attempts observing similar patterns (e.g., Rand et al., 2014) and others observing null effects (e.g., Tinghög et al., 2013, Verkoeijen et al., 2014). This Registered Replication Report (RRR) assessed the size and variability of the effect of time pressure on cooperative decisions by combining 21 separate, pre-registered replications of the critical conditions from Study 7 of the original paper (Rand et al., 2012). The primary planned analysis used data from all participants who were randomly assigned to conditions and who met the protocol inclusion criteria (an intent-to-treat approach that included the 65.9% of participants in the Time Pressure condition and 7.5% in the Forced Delay condition who did not adhere to the time constraints), and observed a difference in contributions of -0.37 percentage points, compared to an 8.6 percentage point difference calculated from the original data. Analyzing the data as the original paper did, including data only for participants who complied with the time constraints, the RRR observed a 10.37 percentage point difference in contributions compared to a 15.31 percentage point difference in the original study. In combination, the results of the intent-to-treat analysis and the compliant-only analysis are consistent with the presence of selection biases and the absence of a causal effect of time pressure on cooperation

    Registered Replication Report: Rand, Greene, and Nowak (2012)

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    In an anonymous 4-person economic game, participants contributed more money to a common project (i.e., cooperated) when required to decide quickly than when forced to delay their decision (Rand, Greene & Nowak, 2012), a pattern consistent with the social heuristics hypothesis proposed by Rand and colleagues. The results of studies using time pressure have been mixed, with some replication attempts observing similar patterns (e.g., Rand et al., 2014) and others observing null effects (e.g., Tinghög et al., 2013; Verkoeijen & Bouwmeester, 2014). This Registered Replication Report (RRR) assessed the size and variability of the effect of time pressure on cooperative decisions by combining 21 separate, preregistered replications of the critical conditions from Study 7 of the original article (Rand et al., 2012). The primary planned analysis used data from all participants who were randomly assigned to conditions and who met the protocol inclusion criteria (an intent-to-treat approach that included the 65.9% of participants in the time-pressure condition and 7.5% in the forced-delay condition who did not adhere to the time constraints), and we observed a difference in contributions of −0.37 percentage points compared with an 8.6 percentage point difference calculated from the original data. Analyzing the data as the original article did, including data only for participants who complied with the time constraints, the RRR observed a 10.37 percentage point difference in contributions compared with a 15.31 percentage point difference in the original study. In combination, the results of the intent-to-treat analysis and the compliant-only analysis are consistent with the presence of selection biases and the absence of a causal effect of time pressure on cooperation

    Giving is a question of time: Response times and contributions to a real world public good

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    Recent experimental research has examined whether contributions to public goods can be traced back to intuitive or deliberative decision-making, using response times in public good games in order to identify the specific decision process at work. In light of conflicting results, this paper reports on an analysis of response time data from an online experiment in which over 3400 subjects from the general population decided whether to contribute to a real world public good. The between-subjects evidence confirms a strong positive link between contributing and deliberation and between free-riding and intuition. The average response time of contributors is 40 percent higher than that of free-riders. A within-subject analysis reveals that for a given individual, contributing significantly increases and free-riding significantly decreases the amount of deliberation required

    Modelling Dynamic Conditional Correlations in WTI Oil Forward and Futures Returns

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    Equilibrium with a Market of Permits

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