The simple economics of risk-sharing agreements between the NHS and the pharmaceutical industry

The Janssen-Cilag proposal for a risk-sharing agreement regarding bortezomib received a welcome signal from NICE. The Office of Fair Trading report included risk-sharing agreements as an available tool for the National Health Service. Nonetheless, recent discussions have somewhat neglected the economic fundamentals underlying risk-sharing agreements. We argue here that risk-sharing agreements, although attractive due to the principle of paying by results, also entail risks. Too many patients may be put under treatment even with a low success probability. Prices are likely to be adjusted upward, in anticipation of future risk-sharing agreements between the pharmaceutical company and the third-party payer. An available instrument is a verification cost per patient treated, which allows obtaining the first-best allocation of patients to the new treatment, under the risk sharing agreement. Overall, the welfare effects of risk-sharing agreements are ambiguous, and care must be taken with their use.

The role of cultural mega events in the enhancement of city’s image attributes: differences between engaged and attendee participants

In a time of fierce competition between regions, an image serve as a basis to develop a strong sense of community, which fosters trust and cooperation that can be mobilized for regional growth. A positive image and reputation could be used in the promotional activities of the region benefiting all the stakeholders as a whole. Mega cultural events are frequently used to attract tourists and investments to a region, but also to enhance the city’s image. This study adopts a marketing/communication perspective of city’s image, and intends to explain how the image of the city is perceived by their residents. Specifically, we intend to compare the perceptions of residents that effectively participated in the Guimarães European Capital of Culture (ECOC) 2012 (engaged residents), and the residents that only assisted to the event (attendees). Several significant findings are reported and their implications for event managers and public policy administrators presented, along with the limitations of the study

The role of cultural mega events In the enhancement of city’s image attributes

In a time of fierce competition between regions, an image serve as a basis to develop a strong sense of community, which fosters trust and cooperation that can be mobilized for regional growth. A positive image and reputation could be used in the promotional activities of the region benefiting all the stakeholders as a whole. Mega cultural events are frequently used to attract tourists and investments to a region, but also to enhance the city’s image. This study adopts a marketing/communication perspective of city’s image, and intends to explain how the image of the city is perceived by their residents. Specifically, we intend to compare the perceptions of residents that effectively participated in the Guimarães European Capital of Culture (ECOC) 2012 (engaged residents), and the residents that only assisted to the event (attendees). Several significant findings are reported and their implications for event managers and public policy administrators presented, along with the limitations of the study.

Diversidade de culturas organizacionais: obstáculos e desafios para a liderança de um mega agrupamento

Este projeto tem por base um problema identificado num mega agrupamento de um concelho do grande porto, criado em junho de 2012, e que se centra nas dificuldades de gestão e liderança de uma organização resultante da agregação de duas unidades com culturas organizacionais distintas. Na perspetiva de conhecermos e compreendermos o problema e respondermos ao nosso questionamento, optamos por uma metodologia qualitativa seguindo o método de um estudo de caso. No estudo empírico, cuja técnica de recolha foi um focus group, recolheram-se as perceções dos professores das unidades agregadas sobre a criação da nova organização, sobre o impacto nas identidades e culturas organizacionais, sobre a forma da procura de uma coesão no respeito pela diversidade e identificaram-se os quadros de referência das escolas que se agregaram. O estudo realizado permite reconhecer que as dificuldades ao nível da gestão e liderança se confinam mais na escola que perdeu a centralidade e que se sente numa posição periférica. Na elaboração do plano de ação recuperámos e valorizámos a ideia de que um modelo de liderança baseado em valores poderia ser um caminho para a unidade. Neste sentido o plano de ação, com base em alguns princípios de atuação e definição de estratégias tenta dar resposta à questão de partida e em congruência com um modelo de liderança por valores.

The effects of mega-events on city branding: The example of Warsaw and Euro 2012

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Management from the NOVA – School of Business and Economics

The impacts of free trade agreements on use of antidumping

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics

Policies to improve the lives of Slum Dwellers – from international agreements to local contexts. The Brazilian case-study

Last decades economic development induced massive international and regional migration flows directed to the urban spaces. The magnitude and swiftness of these processes determined that several cities’ authorities would fail to respond to the increasing demands of many social services. The right to an “adequate housing” emerged as a political concern, leading governments and institutions to develop housing programmes directed to improve the lives of slum dwellers. This paper presents a diachronic evolution of these specific housing policies in the paradigmatic case-study of Brazil, critically analysing the evolving roles played by the multiple levels of decision (from international institutions to local communities) in the development and implementation of such measures.

A (re)construção da cultura organizacional em mega-agrupamentos de escolas: tensões e contradições

Integrado num projeto de investigação em curso, este texto analisa o processo de (re)construção da cultura organizacional em mega-agrupamentos de escolas, em particular as tensões surgidas a propósito dos valores e significados partilhados sobre o funcionamento da organização. Ao nível do enquadramento teórico, entende-se o mega-agrupamento como modalidade especial de organização escolar, caraterizada pela existência de um campo organizacional e um campo interorganizacional, mobilizando-se metáforas e imagens de caráter interpretativo para esta dupla análise. Por outro lado, adota-se uma perspetiva multifocalizada e multiparadigmática na análise do processo de (re)construção da cultura organizacional, tendo em vista identificar os fatores intervenientes e o grau de partilha da cultura, geradores de configurações múltiplas. O projeto de investigação enquadra-se no paradigma interpretativo, adota uma abordagem mista e elege, como modalidade de investigação, o estudo de caso. Apesar da diversidade de técnicas de investigação previstas, nesta fase do projeto apenas se mobilizam dados recolhidos através de observação, de entrevista e de análise documental. Como principais conclusões, destacam-se: a existência de contradições na (re)construção dos valores e significados partilhados, geradoras de tensões internas; o controlo da organização pela liderança da escola-sede, em articulação com membros da organização e da comunidade, face ao hibridismo da regulação nacional; um processo de (re)construção da cultura organizacional marcado pela integração, diferenciação e fragmentação.

Efeito dos ácidos graxos ômega-3 sobre o relaxamento-dependente do endotélio em coelhos hipercolesterolêmicos

OBJETIVO: Estudar o efeito dos ácidos graxos ômega-3 sobre o relaxamento-dependente do endotélio, o colesterol plasmático, as LDL, VLDL, HDL, triglicérides e a peroxidação lipídica das partículas de LDL-nativas, oxidadas e da parede arterial. MÉTODOS: Coelhos da raça Nova Zelândia foram submetidos a dieta enriquecida com colesterol (0,5%) e gordura de coco (2%), por 30 dias e separados em grupo hipercolesterolemia (H) e ômega-3 (O-3), sendo administrado ao O-3 ácidos graxos ômega-3 na dose de 300mg/kg/dia, durante 15 dias, através de gavagem. O colesterol plasmático, triglicérides, LDL-colesterol, VLDL e HDL-colesterol foram medidos através de kits enzimáticos e os resultados expressos em mg/dl. As LDL foram obtidas por ultracentrifugação e oxidadas através da exposição ao Cu++. A peroxidação lipídica das LDL e da parede da aorta foi mensurada pela dosagem do malondialdeido (MDA). A função endotelial foi avaliada por curvas de concentração-efeito obtidas pela acetilcolina e nitroprussiato, após contração com norepinefrina. RESULTADOS: Houve aumento do colesterol plasmático e das VLDL, sem interferência nos níveis de LDL e HDL, no O-3. Observou-se redução significante dos triglicérides. Verificou-se aumento significante do teor de MDA nas LDL-nativas e oxidadas, assim como na parede arterial. O relaxamento-dependente do endotélio foi significativamente menor no O-3. CONCLUSÃO: A administração de ácidos graxos ômega-3 na dosagem de 300/mg/kg/dia, a coelhos hipercolesterolêmicos aumentou o colesterol e as VLDL plasmáticas, enquanto reduziu os triglicérides. O relaxamento-dependente do endotélio foi menor que no grupo H.

The making of international environmental agreements

We examine in this paper the formation and the stability of international environmental agreements when cooperation means to commit to a minimum abatement level. Each country decides whether to ratify the agreement and this latter enters into force only if it is ratified by a number of countries at least equal to some ratification threshold. We analyze the role played by ratification threshold rules and provide conditions for international environmental agreements to enter into force. We show that a large typology of agreements can enter into force among the one constituted by the grand coalition.

On bilateral agreements: just a matter of matching

This paper aims at assessing the importance of the initial technological endowments when firms decide to establish a technological agreement. We propose a Bertrand duopoly model where firms evaluate the advantages they can get from the agreement according to its length. Allowing them to exploit a learning process, we depict a strict connection between the starting point and the final result. Moreover, as far as learning is evaluated as an iterative process, the set of initial conditions that lead to successful ventures switches from a continuum of values to a Cantor set.

Sequential formation of coalitions through bilateral agreements

We study a sequential protocol of endogenous coalition formation based on a process of bilateral agreements among the players. We apply the game to a Cournot environment with linear demand and constant average costs. We show that the final outcome of any Subgame Perfect Equilibrium of the game is the grand coalition, provided the initial number of firms is high enough and they are sufficiently patient.

A General model of bilateral migration agreements

Unilateral migration policies impose externalities on other countries. In order to try to internalize these externalities, countries sign bilateral migration agreements. One element of these agreements is the emphasis on enforcing migration policies: immigrant-receiving countries agree to allow more immigrants from their emigrant-sending partner if they cooperate in enforcing their migration policy at the border. I present a simple theoretical model that justifies this behavior in a two-country setting with welfare maximizing governments. These governments establish migration quotas that need to be enforced at a cost. I prove that uncoordinated migration policies are inefficient. Both countries can improve welfare by exchanging a more "generous" migration quota for expenditure on enforcement policy. Contrary to what could be expected, this result does not depend on the enforcement technology that both countries employ.

Horizontal Agreements and R&D Complementarities: Merger versus RJV

We study the decision of two rms within an oligopoly concerning whether to enter into a horizontal agreement to exploit complementarities between their R&D activities and, if so, whether to merge or form a research joint venture (RJV). In contrast to horizontal merger, there is a probability that an RJV contract will fail to enforce R&D sharing. We nd that a horizontal agreement always arises. The insiders' merger/RJV choice involves a trade-o : While merger o ers certainty that R&D complementarities will be exploited, it leads to a pro t-reducing reaction by outsiders on the product market, where competition is Cournot. Greater brand similarity and contract enforceability (\quality") both favour RJV, while greater R&D complementarity favours merger. Interestingly, the insiders may choose to merge even when RJV contracts are always enforceable, and they may opt to form an RJV even when the likelihood of enforceability is negligible.

A mega-analysis of genome-wide association studies for major depressive disorder.

Prior genome-wide association studies (GWAS) of major depressive disorder (MDD) have met with limited success. We sought to increase statistical power to detect disease loci by conducting a GWAS mega-analysis for MDD. In the MDD discovery phase, we analyzed more than 1.2 million autosomal and X chromosome single-nucleotide polymorphisms (SNPs) in 18 759 independent and unrelated subjects of recent European ancestry (9240 MDD cases and 9519 controls). In the MDD replication phase, we evaluated 554 SNPs in independent samples (6783 MDD cases and 50 695 controls). We also conducted a cross-disorder meta-analysis using 819 autosomal SNPs with P<0.0001 for either MDD or the Psychiatric GWAS Consortium bipolar disorder (BIP) mega-analysis (9238 MDD cases/8039 controls and 6998 BIP cases/7775 controls). No SNPs achieved genome-wide significance in the MDD discovery phase, the MDD replication phase or in pre-planned secondary analyses (by sex, recurrent MDD, recurrent early-onset MDD, age of onset, pre-pubertal onset MDD or typical-like MDD from a latent class analyses of the MDD criteria). In the MDD-bipolar cross-disorder analysis, 15 SNPs exceeded genome-wide significance (P<5 × 10(-8)), and all were in a 248 kb interval of high LD on 3p21.1 (chr3:52 425 083-53 822 102, minimum P=5.9 × 10(-9) at rs2535629). Although this is the largest genome-wide analysis of MDD yet conducted, its high prevalence means that the sample is still underpowered to detect genetic effects typical for complex traits. Therefore, we were unable to identify robust and replicable findings. We discuss what this means for genetic research for MDD. The 3p21.1 MDD-BIP finding should be interpreted with caution as the most significant SNP did not replicate in MDD samples, and genotyping in independent samples will be needed to resolve its status.