I study an economy with sellers and buyers with unit supplies and unit demands. Both parties have valuations uniformly distributed on a unit interval. I quantify the inefficiency, compared to the Walrasian market, caused by a market where the agents meet randomly. There are several causes of inefficiency that I deal with separately. First, even if there is perfect information about valuations i...

The economics of happiness is applied to further the understanding of important consumption decisions in which limited willpower is often argued to lead to suboptimal choices. Based on individuals’ judgments of the quality of their lives, it is, in principle, possible to derive whether some observed behavior is suboptimal and is therefore reducing a person’s welfare. We discuss the key characte...

In this paper, we shed more light on the subjective well-being of workfare participants and compare it to the well-being of unemployed and employed workers. We use data from a selfconducted survey among participants in workfare schemes in Germany. We examine two subdimensions of subjective well-being – life satisfaction and emotional well-being – separately to obtain a more comprehensive view o...

In continuum economies, widespread externalities are those over which each individual has negligible control. Nash–Walrasian equilibria with lump-sum transfers are defined, and their existence proved. They are then characterized by the property of “f constrained Pareto efficiency” for finite coalitions. More general “private good” Nash– Walrasian equilibria are characterized as private good con...

BACKGROUND Two open-controlled studies evaluated the tolerance and the efficacy of a 10 mg/mL deltamethrin-based pour-on solution (Deltanil®; Virbac, France) in treating (study 1) and preventing (study 2) natural Damalinia equi infestations in horses. In study 1, seven adult horses received 10 mL of the solution from mane to tail head on day 0 (D0). Four adult horses, living separately, served ...

In order to calculate the vehicle load model of Baijianhe Bridge, based on data health monitoring system, type, weight, wheelbase, and other information were counted processed diagraphed obtain probability density distribution. At same time, automobile parameters relative national current code finite element method are calculated. The results show that 2-axle 6-axle vehicles main types, account...

Recently, the multivariate complex normal distribution has been used to develop a maximum-likelihood probability function for single-wavelength anomalous diffraction phasing and refinement of heavy-atom parameters [Pannu & Read (2004), Acta Cryst. D60, 22-27]. The function accounts explicitly for the correlations between the observed and calculated Friedel mates and their errors. However, the m...

This paper studies the nature of social welfare orders on infinite utility streams, satisfying the efficiency principle known asMonotonicity and the consequentialist equity principle known as Strong Equity. It provides a complete characterization of domain sets for which there exists such a social welfare order which is in addition representable by a real valued function. It then shows that for...

0924-2244/$ see front matter Crown Copyright 2013 Published by E http://dx.doi.org/10.1016/j.tifs.2013.01.007 Cardioprotective activity of polysaccharides derived from marine algae: An overview Vijayakumar Mayakrishnan*, Priya Kannappan, Noorlidah Abdullah and Abdul Bakrudeen Ali Ahmed Mushrooms Research Center, Institute of Biological Sciences, Faculty of Science, University of Malaya, Lembah ...