in the presence of uncertainty about what a country can be good at producing, there can be great social value to discovering costs of domestic activities, because such discoveries can be easily imitated. two failures of the laissez – faire outcome are being highlighted: there is too little investment and entrepreneurship ex ante, and too much production diversi-fication ex post. optimal policy ...

Trade liberalization and laissez-faire economics are altering the structure of agricultural production and trade. The principle of comparative advantage, a classic tenet of economics, is a useful tool for understanding the future of world agriculture. This study employs a " Revealed Comparative Advantage " approach to investigate patterns of comparative advantage among six major wool exporting ...

Laissez-Faire is a novel design for backscatter communication that enables much higher data rates. The key idea is simple and elegant. The authors note that low-power backscatter systems, e.g., RFIDs, transmit their signal using ON-OFF keying –i.e., they convey bits by transitioning the signal between two levels, up and down. However, since their bit rate is low (tens of kbps), they have a smal...