Provisioning of good quality care to the elderly population and at the same time reducing the pressure on the health care expenditures is a challenging issue for governments today. Many ICT supported, distant care systems (eCare) have been proposed but few have found their way to the market. The problem is to provide a viable business case for each actor involved (including eCare platform, heal...

Femtocells can effectively resolve the poor connectivity issue of indoor cellular users. This paper investigates the economic incentive for the cellular operator to add femtocell service on top of its existing macrocell service. We model the interactions between a cellular operator and users as a Stackelberg game: in Stage I the operator determines spectrum allocations and pricing decisions of ...

Management of geriatric hip fractures in a protocol-driven center can improve outcomes and reduce costs. Nonetheless, this approach has not spread as broadly as the effectiveness data would imply. One possible explanation is that operating such a center is not perceived as financially worthwhile. To assess the economic viability of dedicated hip fracture centers, the authors built a financial m...

The economic viability of colonizing Mars is examined. It is shown, that of all bodies in the solar system other than Earth, Mars is unique in that it has the resources required to support a population of sufficient size to create locally a new branch of human civilization. It is also shown that while Mars may lack any cash material directly exportable to Earth, Mars’ orbital elements and other...

The paper argues that an economy’s industry/technology structure is endogenously determined by the economy’s endowment structure. For the convergence to occur, the government of an LDC should target the upgrading of endowment structure instead of the industry/technology structure in its development strategy. If the government chooses to pursue an industry/technology structure, which is inconsis...