Embedding theorems of function classes, IV

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Endogenous integration and welfare in complementary goods markets

This paper analyzes the strategic decision to integrate by firms that produce complementary products. Integration entails bundling pricing. We find out that integration is privately profitable for a high enough degree of product differentiation, that profits of the non-integrated firms decrease, and that consumer surplus need not necessarily increase when firms integrate despite the fact that prices diminish. Thus, integration of a system is welfare-improving for a high enough degree of product differentiation combined with a minimum demand advantage relative to the competing system. Overall, and from a number of extensions undertaken, we conclude that bundling need not be anti-competitive and that integration should be permitted only under some circumstances.

Classical horizontal inequity and reranking: an integrated approach

The last 20 years have seen a significant evolution in the literature on horizontal inequity (HI) and have generated two major and "rival" methodological strands, namely, classical HI and reranking. We propose in this paper a class of ethically flexible tools that integrate these two strands. This is achieved using a measure of inequality that merges the well-known Gini coefficient and Atkinson indices, and that allows a decomposition of the total redistributive effect of taxes and transfers in a vertical equity effect and a loss of redistribution due to either classical HI or reranking. An inequality-change approach and a money-metric cost-of-inequality approach are developed. The latter approach makes aggregate classical HI decomposable across groups. As in recent work, equals are identified through a nonparametric estimation of the joint density of gross and net incomes. An illustration using Canadian data from 1981 to 1994 shows a substantial, and increasing, robust erosion of redistribution attributable both to classical HI and to reranking, but does not reveal which of reranking or classical HI is more important since this requires a judgement that is fundamentally normative in nature.

Botiga onlinede llibres

L¿aplicació en J2EE que permet gestionar totes les vendes d¿una empresa per internet, així com tambégestionar tota la part del magatzem o bé de gestió de perfils i d¿usuaris. L¿aplicació permet saber de manera ràpida quina és la llista de la compra d¿un client i d¿aquesta manera els treballadors realitzaran la seva feina per tal de fer-li arribar el més aviat possible la sevallista de la compra.

Models i mètriques d'estimació d'esforç per la gestió de projectes informàtics.

L'objectiu principal d'aquest treball ha estat buscar i valorar les diferents opcions que hi ha en la gestió de projectes per a estimar-ne els costos relacionats. La primera de les tasques que s'ha fet és definir el terme 'projecte' per esbrinar quins tipus de projectes són susceptibles de ser valorats; aquesta tipificació ha portat a dividir els projectes en dues branques molt diferenciades, tot i que relacionades, durant el seu desenvolupament.

Analyzing shapes as compositions of distances

We propose to analyze shapes as “compositions” of distances in Aitchison geometry asan alternate and complementary tool to classical shape analysis, especially when sizeis non-informative.Shapes are typically described by the location of user-chosen landmarks. Howeverthe shape – considered as invariant under scaling, translation, mirroring and rotation– does not uniquely define the location of landmarks. A simple approach is to usedistances of landmarks instead of the locations of landmarks them self. Distances arepositive numbers defined up to joint scaling, a mathematical structure quite similar tocompositions. The shape fixes only ratios of distances. Perturbations correspond torelative changes of the size of subshapes and of aspect ratios. The power transformincreases the expression of the shape by increasing distance ratios. In analogy to thesubcompositional consistency, results should not depend too much on the choice ofdistances, because different subsets of the pairwise distances of landmarks uniquelydefine the shape.Various compositional analysis tools can be applied to sets of distances directly or afterminor modifications concerning the singularity of the covariance matrix and yield resultswith direct interpretations in terms of shape changes. The remaining problem isthat not all sets of distances correspond to a valid shape. Nevertheless interpolated orpredicted shapes can be backtransformated by multidimensional scaling (when all pairwisedistances are used) or free geodetic adjustment (when sufficiently many distancesare used)

Asymmetric effects of monetary policy in the US: Positive vs. negative or big vs. small?

This paper reconsiders the empirical evidence on the asymmetricoutput effects of monetary policy. Asymmetric effects is a common feature ofmany theoretical models, and there are many different versions of suchasymmetries. We concentrate on the distinctions between positive andnegative money-supply changes, big and small changes in money-supply, andpossible combinations of the two asymmetries. Earlier research has foundempirical evidence in favor of the former of these in US data. Using M1 asthe monetary variable we find evidence in favor of neutrality of big shocksand non-neutrality of small shocks. The results may, however, be affected bystructual instability of M1 demand. Thus, we substitute M1 with the federalfunds rate. In these data we find that only small negative shocks affectreal aggregate activity. The results are interpreted in terms of menu-costmodels.

IFRS introduction and its effect on listed companies in Spain

From the beginning of January 2005 publicly traded companies in the European Union have to comply with the International Financial Reporting Standards (IFRS) for their consolidated accounts, as required by 1606/2002 European Commission Regulation. It had been suggested that the new accounting rules will facilitate not only the process of international harmonization of financial statements, but also efficient performance of financial markets and capital flows worldwide. This study analyzes the first results of IFRS implementation by Spanish non-financial listed companies.

RTS,S/AS02A malaria vaccine does not induce parasite CSP T cell epitope selection and reduces multiplicity of infection

Objective: The candidate malaria vaccine RTS,S/AS02A is a recombinant protein containing part of the circumsporozoite protein (CSP) sequence of Plasmodium falciparum, linked to the hepatitis B surface antigen and formulated in the proprietary adjuvant system AS02A. In a recent trial conducted in children younger than age five in southern Mozambique, the vaccinedemonstrated significant and sustained efficacy against both infection and clinical disease. In a follow-up study to the main trial, breakthrough infections identified in the trial were examined to determine whether the distribution of csp sequences was affected by the vaccine and to measure the multiplicity of infecting parasite genotypes. Design: P. falciparum DNA from isolates collected during the trial was used for genotype studies. Setting: The main trial was carried out in the Manhiça district, Maputo province, Mozambique, between April 2003 and May 2004. Participants: Children from the two cohorts of the main trial provided parasite isolates as follows: children from Cohort 1 who were admitted to hospital with clinical malaria; children from Cohort 1 who were parasite-positive in a cross-sectional survey at study month 8.5; children from Cohort 2 identified as parasite-positive during follow-up by active detection of infection. Outcome: Divergence of DNA sequence encoding the CSP T cell-epitope region sequence from that of the vaccine sequence was measured in 521 isolates. The number of distinct P. falciparum genotypes was also determined. Results: We found no evidence that parasite genotypes from children in the RTS,S/AS02A arm were more divergent than those receiving control vaccines. For Cohort 1 (survey at studymonth 8.5) and Cohort 2, infections in the vaccine group contained significantly fewer genotypes than those in the control group, (p 1/4 0.035, p 1/4 0.006), respectively, for the two cohorts. This was not the case for children in Cohort 1 who were admitted to hospital (p 1/4 0.478). Conclusions: RTS,S/AS02A did not select for genotypes encoding divergent T cell epitopes in the C-terminal region of CSP in this trial. In both cohorts, there was a modest reduction in the mean number of parasite genotypes harboured by vaccinated children compared with controls, but only among those with asymptomatic infections.

Recursos web per a la classificació

En el número (BiD, núm. 5, desembre 2000) vàrem començar un repàs acurat i per temes de les eines bàsiques de treball per al bibliotecari. Aquest segon recull pretén, selectivament, donar a conèixer alguns treballs (associacions, publicacions, guies, recursos temàtics) lligats amb la classificació i, per extensió, a la indexació. Parlem de classificacions numèriques i alfanumèriques, deixant de banda les llistes d'encapçalament i tesaurus que formaran part d'una nova selecció posterior. Insisteixo que es tracta d'un recull selectiu i no pas exhaustiu (al marge de la selecció de recursos per a les classificacions clàssiques, és a dir, CDU, LCC, Bliss o DDC, les classificacionsgenerades per a especialitats concretes han trobat a Internet una magnífica via de distribució, molt especialment relacionades amb les disciplines cientificotècniques, les ciències de la salut, la literatura grisa i la informàtica i les noves tecnologies del coneixement). Es tracta, en la majoria dels casos, i pel que fa a les classificacions generalistes clàssiques, de guies elaborades per les mateixes biblioteques, de manera més o menys detallada, gairebé com a eines de formació d'usuaris. Un altre grup inclou les classificacions completes, pensades per al maneig del bibliotecari o l'usuari interessat en el món de la classificació i la indexació. Un capítol a part i que per raons òbvies s'ha desenvolupat notòriament aquests darrers anys, són les classificacions com a eina de disposició lògica (generalment jeràrquica)dels recursos localitzables a Internet (sovint adaptacions de la Dewey i molt especialment l'LLC), i, en alguns casos, classificacions pròpies i molt simplificades que parteixen dels principis bàsics de tota classificació: àmbits temàtics i de procedència, i, per als recursos electrònics, tipologia i accessibilitat. La selecció inclou, quan s'ha considerat oportú, uns petits comentaris de contingut i, entre cometes, la traducció d'algunes parts de la presentació del recurs o de comentaris realitzats sobre aquell pels mateixos autors. Per una qüestió simplement d'utilitat, no s'han inclòs referències d'algunes de les classificacions anomenades històriques, és a dir: Classification de Brunet (1810), Baconian Classification (1605), etc. (tot i que es troba informació disponible en xarxa). No s'ha inclòs un apartat exclusiu per a la classificació expansiva perquè es considera que el sistema inventat per Charles A. Cutter (1891) va ser la base i encara ho és de la Library of Congress Classification (especialment pel que fa als "Cutter Numbers").