Executive Summary This brief paper discusses the strengths of the patent system and its weaknesses in terms of creating incentives for innovation. It considers how Advanced Market Commitments (AMCs) may supplement the patent system, and introduces a Comprehensive Advance Market Commitment (CAMC) proposal. It shows how both AMCs and a CAMC could increase incentives for R&D into diseases of the p...

It is widely believed that the resilience of the stock market and its ability to accurately set prices are affected by credit conditions in the economy. A scarcity of deployable capital may cause market-makers to become financially constrained, leading to a breakdown in intermediation. This paper describes another channel by which the supply of available capital affects secondary market liquidi...

We show that the proportional response algorithm for computing an economic equilibrium in a Fisher market model can be interpreted as iteratively approximating the economy by one with Cobb-Douglas utilities, for which a closed-form equilibrium can be obtained. We also extend the method to allow elasticities of substitution at most one.

let $g$ be a connected graph with vertex set $v(g)$‎. ‎the‎ ‎degree resistance distance of $g$ is defined as $d_r(g) = sum_{{u‎,‎v} subseteq v(g)} [d(u)+d(v)] r(u,v)$‎, ‎where $d(u)$ is the degree‎ ‎of vertex $u$‎, ‎and $r(u,v)$ denotes the resistance distance between‎ ‎$u$ and $v$‎. ‎in this paper‎, ‎we characterize $n$-vertex unicyclic‎ ‎graphs having minimum and second minimum degree resista...

The study is devoted to the measurement of productivity and efficiency change in Chinese farming sector over the reform process in the 1980s and 1990s. Within an output distance function framework, an index of total factor productivity is decomposed into technical and allocative efficiency, technical change, and scale effects. We estimate a parametric output distance function using individual f...

We examine the impact of moving home, the distance moved and reasons for moving on both household income and labour market earnings for a representative sample of individuals using panel data. Our results suggest that there are monetary returns to migration which apply to both household income and labour market earnings. However, not all migrants enjoy these returns, which depend on distance mo...

Several ways to estimate the position of a WirelessSensor-Network (WSN) node have been discussed in the past years. Unlike in outdoor solutions where the Global Positioning System (GPS) could be used in most applications, a general solution for indoor usage has not been found. The few existing indoor solutions on the market are highly specialized and rely on infrastructure or on very expensive ...

The study is devoted to the measurement of productivity and efficiency change in Chinese farming sector over the reform process in the 1980s and 1990s. Within an output distance function framework, an index of total factor productivity is decomposed into technical and allocative efficiency, technical change, and scale effects. We estimate a parametric output distance function using individual f...

Although Uganda has poor soils with low organic matter, fertiliser is not widely adopted, especially by female-headed households. Thus we examine the role of gender in inorganic fertiliser adoption using a national household survey. We estimate separate models for femaleand male-headed households to ascertain if the drivers of adoption differ by gender. With respect to male-headed households, w...