Imperfect Competition and Costly Screening in the Credit Market under Conditions of Asymmetric Information

This article provides an analysis of how banks determine levels of information production when they are in imperfect competition and there is a condition of information asymmetry between borrowers and banks. Specifically, the study concentrates on information production activities of banks in duopoly where they simultaneously determine intensity of pre-loan screening as well as interest rates. The preliminary model of this paper illustrates that due to strategic complementarities between banks, banking competition can result in inferior equilibrium out of multiple equilibria and insufficient information production. Policymakers must take into account the possible adverse effects of competition-enhancing policies on information production activities.

Distribution System of China's Industrial Clusters: Case Study of Yiwu China Commodity City

This paper discusses the issue of upgrading industrial clusters from the perspective of external linkages. It is taken for granted that in most developing countries, due to the limited domestic market and poor traditional commercial networks, industrial clusters are able to upgrade only when they are involved in global value chains. However, the rise of China’s industrial clusters challenges this view. Historically, China has had a lot of industrial clusters with their own traditional commercial networks. This fact combined with its huge population resulted in the formation of a unique external linage to China’s industrial clusters after the socialist planning period ended. In concrete terms, since the 1980s, a traditional commercial institution . the transaction market . began to appear in most clusters. These markets within the clusters get connected to those in the cities due to interaction between traditional merchants and local governments. This has resulted in the formation of a powerful market network-based distribution system which has played a crucial role for China’s industrial clusters in responding to exploding domestic demand. This paper explains these features in detail, using Yiwu China Commodity City as a case study.

Industrial Development and the Innovation System of the Ethanol Sector in Brazil

The purpose of this paper is to analyze innovations and the innovation system and its dynamics in the ethanol sector in the State of Sao Paulo. More specifically, this paper focuses on the development process in the sector, the public policies taken to promote the sector, and the organizations and key players involved in these policies and their responses to unforeseeable changes in economic, social and technological environments. To this end, this paper takes an historical perspective and reviews data on the cultivation of sugar cane, the production of ethanol, and on sugar cane yields as indicators of the innovations achieved in the sector. The geographical distribution of these indicators is also examined. Next, several cases in Piracicaba and Campinas in the State of Sao Paulo are presented; these give us a more concrete idea of the processes involved in innovation and technology transfer. Based on these observations, the ethanol cluster and the innovation system of the State of Sao Paulo are discussed from the viewpoint of the flowchart approach to industrial cluster policy.

Food safety control system of Chinese eel exports and its challenges

This paper analyzes factors associated with the rejection of products at ports of importer countries and remedial actions taken by producers in China. As an example, it uses one of the most competitive agro-food products of China: live and processed eels. This paper provides an overview of eel production and trade trends in China. In addition, it identifies the causes of port rejection of Chinese eel products as veterinary drug residues by examining the detailed case studies of export firms and the countermeasures taken by the government and firms.

Analysis of the information about Doctoral Degrees presented in the Spanish universities websites.

Globalization has intensified competition, as evidenced by the growing number of international classification systems (rankings) and the attention paid to them. Doctoral education has an international character in itself. It should promote opportunities for graduate students lo participate in these international studies. The quality and competitiveness are two of the most important issues for universities. To promote the interest of graduates to continue their education after the graduate level, it would be necessary to improve the published information of ihe doctoral programs. It should increase the visibility and provide high-quality, easily accessible and comparable information which includes all the relevant aspects of these programs. The authors analysed the website contents of doctoral programs, it was observed a lack of quality of them and very poor information about the contents, so that it was decided that any of them could constitute a model for creating new websites. The recommendations on the format and contents in the web were made by a discussion group. They recommended an attractive design; a page with easy access to contents and easy to find on Ihe net and with the information in more than one language. It should include complete program and academic staff information. It should also be included the study's results which should be easily accessible and includes quantitative data, such as number of students who completed scholars, publications, research projects, average duration of the studies, etc. It will facilitate the choice of program

Visual Servoing for the Robotenis System: a Strategy for a 3 DOF Parallel Robot to Hit a Ping-Pong Ball

This article describes a new visual servo control and strategies that are used to carry out dynamic tasks by the Robotenis platform. This platform is basically a parallel robot that is equipped with an acquisition and processing system of visual information, its main feature is that it has a completely open architecture control, and planned in order to design, implement, test and compare control strategies and algorithms (visual and actuated joint controllers). Following sections describe a new visual control strategy specially designed to track and intercept objects in 3D space. The results are compared with a controller shown in previous woks, where the end effector of the robot keeps a constant distance from the tracked object. In this work, the controller is specially designed in order to allow changes in the tracking reference. Changes in the tracking reference can be used to grip an object that is under movement, or as in this case, hitting a hanging Ping-Pong ball. Lyapunov stability is taken into account in the controller design.

Monitor sísmico interactivo

Este trabajo tiene como objetivos la monitorización en tiempo real de la actividad sísmica, tanto próxima como lejana, a partir de los datos sísmicos registrados por una estación de banda ancha, y el desarrollo de un sistema de difusión interactiva de información actualizada de terremotos, destinado al público general. Ambas fuentes de información se mostrarán a través de una Unidad de Visualización denominada “Monitor Sísmico Interactivo”. El registro de los datos sísmicos se realiza utilizando el sensor de tres componentes de la estación sísmica GUD, perteneciente a la Red Digital de Banda Ancha y transmisión digital del Instituto Geográfico Nacional, instalada en la Basílica del Valle de los Caídos, en lalocalidad de Guadarrama (Madrid). En la E.T.S.I. Topografía, Geodesia y Cartografía se ha instalado un ordenador con conexión a Internet, para la recepción y almacenamiento de los datos, y los programas Scream y Drumplot desarrollados por Guralp, necesarios para la monitorización de la señal sísmica en tiempo real. A partir de estos datos, mediante aplicaciones desarrolladas bajo programación Linux y haciendo uso de las herramientas que ofrece el software SAC (Seismic Analysis Code), se genera además un registro gráfico y una película animada de dicha segmentación para cada evento. Se ha configurado un servidor de correo y una cuenta para la recepción de dos tipos de mensajes de correo, enviados desde la sede central del Instituto Geográfico Nacional, con la información de los eventos registrados por GUD una vez revisados: - Mensajes enviados diariamente, con un listado de eventos ocurridos en los 30 últimos días. - Mensajes con la información en cuasi tiempo real de la última alerta sísmica. Se ha desarrollado el programa “saco” para la gestión del correo recibido que analiza la información sísmica, la almacena en ficheros y ejecuta sobre ellos las aplicaciones de dibujo. Estas aplicaciones han sido previamente desarrolladas bajo programación Linux y software GMT (Generic Mapping Tools), y a partir de ellas se generan automáticamente las distintas imágenes que se visualizan en el Monitor Sísmico: un mapa de sismicidad próxima en la Península Ibérica, un mapa de sismicidad lejana en el mundo, un mapa de detalle para localizar y representar la última alerta generada, los listados con la información de los eventos representados en los mapas, los registros gráficos y las películas animadas de dichos sismogramas. Monitor Sísmico Interactivo ha sido desarrollado para ofrecer además la posibilidad de interactuar con la Unidad de Visualización: se ha creado una base de datos para uso científico donde se almacenan todos los eventos registrados por GUD. Así el usuario puede realizar una petición, a través del envío de un mensaje de correo, que le permite visualizar de forma instantánea las imágenes que muestran la información de cualquier terremoto de su interés. ABSTRACT This study is aimed at real-time monitoring of both near and distant seismic activityfrom the seismic data recorded by a broadband seismic station, and the development of an interactive broadcast system of updated information of earthquakes, for the general public. Bothsources of information are displayed through a display unit called "Interactive Seismic Monitor". The seismic data recording is carried out by using the three-component sensor of the GUD seismic station, which belongs to the Digital Network Broadband and digital broadcast of the National Geographic Institute, housed in the Basilica of The Valley of the Fallen, in the town of Guadarrama (Madrid). A computer with Internet connection has been installed in E.T.S.I. Surveying, Geodesy and Cartography for receiving and storing data, together with Scream and Drumplot programs, developed by Guralp, which are necessary for monitoring the real time seismic signal. Based on the data collected, through programming applications developed under Linux system and using the software tools provided by the SAC (Seismic Analysis Code), a chart recorder and an animated gif image of the segmentation for each event are also generated. A mail server and a mail account have been configured for the receipt of two types of email messages, sent from the National Geographic Institute head office, with the information of the events recorded by GUD after being reviewed: - Messages sent daily, providing a list of events in the past 30 days. - Messages containing information on near real-time seismic of the last seismic alert. A program called "saco" has also been developed for handling mail received that analyzes the seismic data, which stores it in files and runs drawing applications on them. These applications have been previously developed under Linux system and software programming GMT (Generic Mapping Tools), and from them different images that are displayed on the Seismic Monitor are automatically generated: a near seismicity Iberian peninsula map, a distant seismicity world map, a detailed map to locate and represent the last seismic alert generated, the lists with the information of the events depicted in the maps,together with the charts and the animated gif image of such seismograms. Interactive Seismic Monitor has been developed to offer any user the possibility of interacting with the display unit: a database has been created for scientific use which stores all the events recorded by GUD. Thus, any user could make a request, by sending an e-mail that allows them to view instantly all the images showing the information of any earthquake of interest on the display unit.