NUM-Based Rate Allocation for Streaming Traffic via Sequential Convex Programming

In recent years, there has been an increasing demand for ubiquitous streaming like applications in data networks. In this paper, we concentrate on NUM-based rate allocation for streaming applications with the so-called S-curve utility functions. Due to non-concavity of such utility functions, the underlying NUM problem would be non-convex for which dual methods might become quite useless. To tackle the non-convex problem, using elementary techniques we make the utility of the network concave, however this results in reverse-convex constraints which make the problem non-convex. To deal with such a transformed NUM, we leverage Sequential Convex Programming (SCP) approach to approximate the non-convex problem by a series of convex ones. Based on this approach, we propose a distributed rate allocation algorithm and demonstrate that under mild conditions, it converges to a locally optimal solution of the original NUM. Numerical results validate the effectiveness, in terms of tractable convergence of the proposed rate allocation algorithm.Comment: 6 pages, conference submissio

Income Taxation of Couples and the Tax Unit Choice

This paper studies the optimal non linear income tax of couples. We build a general unitary model of labor supply and allow multidimensional heterogeneity in a discrete type framework. We concentrate our analysis on the resulting intra-family labor allocation of labor supplies and show that this analysis is strongly related to the choice of the tax unit (individual versus joint taxation). We give a necessary condition to have fully joint taxation in this framework and discuss some examples.

Income taxation of couples and the tax unit choice

This paper studies the optimal non linear income tax of couples. We build a general unitary model of labor supply and allow multidimensional heterogeneity in a discrete type framework. We concentrate our analysis on the resulting intra-family labor allocation of labor supplies and show that this analysis is strongly related to the choice of the tax unit (individual versus joint taxation). We give a necessary condition to have fully joint taxation in this framework and discuss some examples.

Risk sharing, investment, and incentives in the neoclassical growth model

We first study growth and risk sharing in a stochastic growth model with preference shocks and two risk-averse agents. In periods in which one of the agents needs extra consumption (insurance), it is socially optimal to reduce the consumption of the other agent (redistribution) and also to accumulate fewer resources for the future (disinvestment). The latter hurts growth while the former only affects the distribution of aggregate consumption. Then, to analyze if information matters, we study if the same allocation would be implementable under private information. We find that it depends on the state of the economy. The provision of insurance that is implemented by reducing capital accumulation deteriorates the prospects of all agents in the economy and thus helps to alleviate informational frictions. The size of redistribution versus disinvestment and the outlook of economic growth at the time of disinvestment affects the possibilities of implementing the best possible allocation when the preference shock is private information. Therefore, we conjecture that under private information the best allocation compatible with incentives would tend to hurt growth and to concentrate resources in agents with private information in order to provide incentives to report the shock truthfully.Business cycles ; Economic growth

Resource Allocation for Power Minimization in the Downlink of THP-based Spatial Multiplexing MIMO-OFDMA Systems

In this work, we deal with resource allocation in the downlink of spatial multiplexing MIMO-OFDMA systems. In particular, we concentrate on the problem of jointly optimizing the transmit and receive processing matrices, the channel assignment and the power allocation with the objective of minimizing the total power consumption while satisfying different quality-of-service requirements. A layered architecture is used in which users are first partitioned in different groups on the basis of their channel quality and then channel assignment and transceiver design are sequentially addressed starting from the group of users with most adverse channel conditions. The multi-user interference among users belonging to different groups is removed at the base station using a Tomlinson-Harashima pre-coder operating at user level. Numerical results are used to highlight the effectiveness of the proposed solution and to make comparisons with existing alternatives.Comment: 12 pages, 6 figures, IEEE Trans. Veh. Techno

Independence of a Regulatory Institution - a Means to Alleviate Credibility Problems in the CEE Countries

In Hungary and the Central-European region, state regulation has been at the forefront of interest since the beginning of the economic transition. Among the many interesting questions raised, we would like to analyze the problem of building an appropriate regulatory system allowing the industry to operate efficiently from a social point of view. We use the term "regulatory system" for the description of decision rights. A particular regulatory system amounts to the allocation of decision rights between the different actors in a regulatory game (regulatory agency, government, courts, consumer organizations, competition office). We do not propose a specific incentive scheme, which must be enforced (and is enforceable), instead we concentrate on the possible enforcement mechanisms.credibility, Hungary

Liquidity and the Simple Industrial Organization of Stock Exchanges

It is usually thought that network externalities, which are inherent to liquidity, make it desirable to concentrate transactions in one stock exchange. This paper shows that when the value of liquidity stems from the ability of potentially reach as many traders as possible, the market is integrated when every broker meets every other broker in at least one exchange. Thus, fragmentation is not about trades being executed in different exchanges but of connectedness among brokers. An implication of this distinction is that in an integrated market the network externality created by liquidity becomes pecuniary and the optimal number of exchanges depends only on the shape of the (physical) technology to execute trades—whether it exhibits increasing, constant or decreasing returns to scale—as in any standard industry. We characterize the planner’s allocation and compare it with that reached by a monopoly. It is shown that when exchanges are natural monopolies a particular ownership structure of the exchange and allocation of voting rights over the exchange fee achieve the planner’s optimum. With decreasing returns to scale the Walrasian allocation is eficient, provided that the market is integrated. Nevertheless, with few exchanges the price-taking assumption is suspect. If exchanges are not price takers, there are many other equilibria, all of them ineficient. Moreover, there are reasons to doubt that the market will become integrated. Fragmentation softens price competition between exchanges and may help a monopolist exchange to erect a barrier to entry even when he has no cost advantage.Brokerage, exchange fee, fragmentation, liquidity, network externality

Effect of tart cherry juice on risk of gout attacks: protocol for a randomised controlled trial

Introduction: Gout is a painful form of inflammatory arthritis associated with several comorbidities, particularly cardiovascular disease. Cherries, which are rich in anti-inflammatory and antioxidative bioactive compounds, are proposed to be efficacious in preventing and treating gout, but recommendations to patients are conflicting. Cherry consumption has been demonstrated to lower serum urate levels and inflammation in several small studies. One observational case cross-over study reported that cherry consumption was associated with reduced risk of recurrent gout attacks. This preliminary evidence requires substantiation. The proposed randomised clinical trial aims to test the effect of consumption of tart cherry juice on risk of gout attacks. Methods and analysis: This 12-month, parallel, double-blind, randomised, placebo-controlled trial will recruit 120 individuals (aged 18–80 years) with a clinical diagnosis of gout who have self-reported a gout flare in the previous year. Participants will be randomly assigned to an intervention group, which will receive Montmorency tart cherry juice daily for a 12-month period, or a corresponding placebo group, which will receive a cherry-flavoured placebo drink. The primary study outcome is change in frequency of self-reported gout attacks. Secondary outcome measures include attack intensity, serum urate concentration, fractional excretion of uric acid, biomarkers of inflammation, blood lipids and other markers of cardiovascular risk. Other secondary outcome measures will be changes in physical activity and functional status. Statistical analysis will be conducted on an intention-to-treat basis. Ethics and dissemination: This study has been granted ethical approval by the National Research Ethics Service, Yorkshire and The Humber—Leeds West Research Ethics Committee (ref: 18/SW/0262). Results of the trial will be submitted for publication in a peer-reviewed journal. Trial registration number: NCT03621215

RESOURCE ALLOCATION IN JOINT PUBLIC-PRIVATE AGRICULTURAL RESEARCH

Federal technology transfer legislation has encouraged increased collaboration between the public and private sectors, including joint research ventures known as Cooperative Research and Development Agreements (CRADAs). While several economically important technologies have been developed through CRADAs, there is concern that CRADA may divert public research from its central research missions. This study compares the pattern of research resource allocation for CRADA projects at the U.S. Department of Agriculture with research priorities of public and private intramural agricultural research. The findings suggest that CRADAs have attracted considerable private co-financing of joint research projects, and may have enabled public research to concentrate more resources on research areas where private incentives are relatively weak.agricultural research, CRADA projects, research priorities, technology transfer, Research and Development/Tech Change/Emerging Technologies,

The use of fibrinogen concentrate for the management of trauma-related bleeding. A systematic review and meta-analysis

Haemorrhage following injury is associated with significant morbidity and mortality. The role of fibrinogen concentrate in trauma-induced coagulopathy has been the object of intense research in the last 10 years and has been systematically analysed in this review. A systematic search of the literature identified six retrospective studies and one prospective one, involving 1,650 trauma patients. There were no randomised trials. Meta-analysis showed that fibrinogen concentrate has no effect on overall mortality (risk ratio: 1.07, 95% confidence interval: 0.83-1.38). Although the metaanalytic pooling of the current literature evidence suggests no beneficial effect of fibrinogen concentrate in the setting of severe trauma, the quality of data retrieved was poor and the final results of ongoing randomised trials will help to further elucidate the role of fibrinogen concentrate in traumatic bleeding