Privatization and Liberalization and the Transition To A Market Economy: The Former Soviet Union

International Relations/Trade,

HUNGER, POLITICS, ECONOMICS, AND TRADE

Food Security and Poverty,

On the resurgent population and food debate

Since Malthus wrote his famous Essay on Population, the world has witnessed great improvements in numerous measures of well-being Ð life expectancy, infant mortality, incidence of famines and plagues, per capita food consumption as well as real per capita incomes. These improvements have come about during rapid population growth in both industrial and developing countries. Food demand and supply projections suggest that growth of supply will fully meet growth of consumption while grain prices continue to decline. While China may increase grain imports early next century, Central and Eastern Europe is likely to emerge as a major grain exporter and thus help to meet the increase in China's imports.Food Security and Poverty,

Consistency and heterogeneity of individual behavior under uncertainty

By using graphical representations of simple portfolio choice problems, we generate a very rich data set to study behavior under uncertainty at the level of the individual subject. We test the data for consistency with the maximization hypothesis, and we estimate preferences using a two-parameter utility function based on Faruk Gul (1991). This specification provides a good interpretation of the data at the individual level and can account for the highly heterogeneous behaviors observed in the laboratory. The parameter estimates jointly describe attitudes toward risk and allow us to characterize the distribution of risk preferences in the population

Molecular dynamics simulations of the interactions of potential foulant molecules and a reverse osmosis membrane

Reverse osmosis (RO) is increasingly one of the most common technologies for desalination worldwide. However, fouling of the membranes used in the RO process remains one of the main challenges. In order to better understand the molecular basis of fouling the interactions of a fully atomistic model of a polyamide membrane with three different foulant molecules, oxygen gas, glucose and phenol, are investigated using molecular dynamics simulations. In addition to unbiased simulations, umbrella sampling methods have been used to calculate the free energy profiles of the membrane-foulant interactions. The results show that each of the three foulants interacts with the membrane in a different manner.It is found that a build up of the two organic foulants, glucose and phenol, occurs at the membrane-saline solution, due to the favourable nature of the interaction in this region, and that the presence of these foulants reduces the rate of flow of water molecules over the membrane-solution interface. However, analysis of the hydrogen bonding shows that the origin of attraction of the foulant for the membrane differs. In the case of oxygen gas the simulations show that a build up of gas within the membrane is likely, although, no deterioration in the membrane performance was observed

Sequential equilibrium in monotone games: theory-based analysis of experimental data

A monotone game is an extensive-form game with complete information, simultaneous moves and an irreversibility structure on strategies. It captures a variety of situations in which players make partial commitments and allows us to characterize conditions under which equilibria result in socially desirable outcomes. However, since the game has many equilibrium outcomes, the theory lacks predictive power. To produce stronger predictions, one can restrict attention to the set of sequential equilibria, or Markov equilibria, or symmetric equilibria, or pure-strategy equilibria. This paper explores the relationship between equilibrium behavior in a class of monotone games, namely voluntary contribution games, and the behavior of human subjects in an experimental setting. We find evidence of both pure- and mixed-strategy equilibria and several key features of the symmetric Markov perfect equilibrium (SMPE) in the data. To judge how well the SMPE fits the data, we estimate a model of Quantal Response Equilibrium (QRE) (McKelvey and Palfrey 1995, 1998) and find that the decision rules of the QRE model are qualitatively very similar to the empirical choice probabilities

Network architecture, salience and coordination

This paper reports the results of an experimental investigation of monotone games with imperfect information. Players are located at the nodes of a network and observe the actions of other players only if they are connected by the network. These games have many sequential equilibria; nonetheless, the behavior of subjects in the laboratory is predictable. The network architecture makes some strategies salient and this in turn makes the subjects’ behavior predictable and facilitates coordination on efficient outcomes. In some cases, modal behavior corresponds to equilibrium strategies